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

UAE ID required in bank clients’ records

The central bank asked banks and financial institutions to abide by the law to obtain the ID cards

Clifford Chance reviews DIFC Court ruling against Bank Sarasin

In a detailed commentary, law firm Clifford Chance reviews what this ruling means for regulated firms in the DIFC.

Investors in Qatar Eye FIFA Investigation Findings

Such a reaction wouldn’t surprise, especially given that Qatar’s stock market is trading near multi-year highs after adding some 32% this year.

Mishcon seeks greater collaboration with law firms in Russia, the US and the Middle East

Our top priorities are Russia, the USA, the Middle East and offshore

Turkish assets firm on EU easing hopes

nvestors are also unsettled by violence in nearby Ukraine, Syria and Iraq

Dubai World Said to Agree Debt Deal With Main Creditors

Dubai’s accelerating economy is prompting companies to renegotiate loan terms

Central bank asks banks to block cards on suspicion of data theft

Usage of a significant number of debit cards blocked on suspicion of potential data compromise

Latham & Watkins advises Uyoun Al-Raed on SAR 1.97 billion real estate Murabaha financing

The law office of Salman M. Al-Sudairi in association with Latham & Watkins represented Uyoun Al-Raed Commercial Company Limited on a SAR 1.97 billion murabaha financing.

Bank funding no longer a function of liquidity alone

Basel III compliance to limit banks’ lending capacity

UK recovers $498,000 from sale of criminal's Dubai home

A confiscation order was initially put in place in September 2012 for £417,031.52 and has now been fully satisfied following the sale of the apartment.

Bahrain banks 'are ready for Basel III'

The average capital adequacy ratios of Bahrain banks currently stand at 12 per cent

Dubious financial dealings on rise

Bahrain is the first country within the GCC to issue a decree to combat money laundering and terrorist financing

Saudi Financial Regulator Proposes Controlled Structure for Foreign Ownership

The much awaited entry of foreign investors into the GCC’s most liquid stock exchange is welcomed, Saudi Arabia's financial regulator issues new draft proposals for overseas investors with a 10% cap for institutions.

Kuwait's Khorafis win Dubai judgement against Swiss bank

No figure for compensation was set but the family has been claiming over $26.5 million.

UAE Central Bank Says StanChart Can Face Legal Action

The British-based bank will be liable to legal action by the account owners “because of the material and moral damage which is falling on them

$25M Bahraini Judgment Valid In Pa., Appeals Court Rules

In a precedential opinion, a three-judge panel upheld a ruling in favor of Standard Chartered Bank concluding that the New York court’s decision recognizing a judgment entered against Ahmad Hamad Al Gosaibi & Brothers Co. in Bahrain.

Bank Sarasin-Alpen to appeal DIFC court ruling on miss-selling

DIFC court rules in favour of Al Khorafis

Standard Chartered faces UAE action over shutdown

The UAE Central Bank warned Standard Chartered it could become the subject of lawsuits for “material and moral damage” as a result of the closure of an estimated 1,400 to 8,000 client accounts in the region.

Standard Chartered fined $300 million over laundering controls

If a bank fails to live up to its commitments, there should be consequences

Standard Chartered fined $300 million over laundering controls

If a bank fails to live up to its commitments, there should be consequences

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