Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

SCA board okays rules on sukuk, bondsa

The Securities and Commodities Authority has approved regulations for sukuk and corporate bonds, a step which will pave the way for raising more capital and their subsequent listing.

Four years later, lenders are sitting pretty

More than four years on from a debt crisis that hampered their earnings, UAE banks have for the most part rebounded to stronger health.

Kuwait's Central Banker calls for legislation on Government Sukuk

Al-Hashel noted that Kuwait’s foreign currency reserve has grown from KWD 5.1 billion in 2009 to KWD 8.3 billion

SCA issues first market-maker licence to NBAD

NBAD is expected to start practicing this activity during the 3rd quarter of this year

AHAB Wins Two Rulings In Cayman Against Maan Al Sanea's Companies; Case Will Proceed to Trial

On Monday 14 April 2014, Ahmad Hamad Algosaibi & Brothers Company won two rulings in the Cayman Islands against ten companies created and controlled by Maan Al Sanea as the principal offshore component of the fraudulent scheme he operated from Saudi A

Bahrain banks ready for Basel III in 2015 - CBB Governor

Bahraini banks will be fully ready to implement the Basel III international banking standards on new capital requirements by next year

KIB completes requirements to enforce FATCA –chairman

KIB CEO Luay Maqamas said that the bank would inform its customer base from now and in the near future

Bahraini banks to adopt Basel III standards

Bahraini banks will be fully ready to implement the Basel III international banking standards on new capital requirements by next year, the governor of the Central Bank of Bahrain aid.

Bahrain banking sector 'resilient'

Central Bank of Bahrain Governor Rasheed Al Maraj said the kingdom's banking sector remains very resilient and requirements to enhance the liquidity and reserves under Basel III will further bolster it.

Bird & Bird boosts Middle East presence with key appointments

Bird & Bird’s sector capabilities in the Middle East now extend to Aerospace, Defence & Security, Aviation, Communications, Energy & Utilities, Franchising and Hospitality, Healthcare, Information Technology, Media and Sport, and operati

Bahrain 'must launch banking ombudsman services'

Long-term policies, regulatory laws and supervisory efforts play a vital role in creating an investment friendly environment

KSA banks continue to show resilience

Saudi Arabia’s banking sector is being urged to shun its conservatism and start lending to the SME and housing sectors, while the government and regulators need to play their part as facilitators to drive this change.

Dentons advise DAMAC on inaugural debt issuance

Dentons capital markets partner, Alex Roussos, commented: "We are very proud to have advised Damac on its inaugural debt issuance.

Commercial Bank gets nod to increase FOL to 25%

The increased FOL became effective from yesterday. Commercial bank has 296.94mn total subscribed shares, of which free float constitute 81% or 240.77mn shares.

Thirty wealthy Gulf investors sign up for $1.3m EU passport scheme

Around 30 wealthy Gulf residents have expressed their interest in signing up for a controversial Maltese scheme offering European citizenship in return for investment of about $1.3m, with seven applications already submitted to Maltese officials for appro

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