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

Ogier Fiduciary Services Re-brands as Elian Following MBO

Ogier Fiduciary Services launched its new brand and identity today, following the management buyout (MBO) from the Ogier Group in June.

Riyad Bank, IFC renew Saudi SME partnership

Riyad Bank has renewed its current agreement with the International Finance Corporation, a member of the World Bank Group, as part of the bank's strategy to support the Kingdom's small and medium enterprises.

Dubai to introduce new measures to ensure broker transparency

We are going to introduce four new measures to control the brokers

Leeds United: GFH bought a Rolls Royce but couldn’t afford the petrol says Haigh

Haigh, who denies the fraud claims, was arrested on May 18 after he flew to the Middle East for talks about a supposed new position with GFH.

QFCRA proposes changes to banking investment management and advisory business

The QFC Regulatory Authority has released two consultation papers containing proposals that will strengthen and streamline the QFC Regulatory Authority’s prudential framework for banking, investment management and advisory activities undertaken by a

Banker laundered money for minister?

Defendant says he was told by an Asian minister to open accounts in name of four women

Bank Asya suspension mystifies investors amid Erdogan feud

Turkey’s stock exchange prolonged a freeze on Asya Katilim Bankasi AS’s shares, a day after it twice suspended trading in the Islamic lender that’s lost almost half of its market value this week.

QFC Regulatory Authority issues proposals to strengthen the QFC Banking, Investment Management and Advisory regime

The papers call for public comment on draft Rules that are designed to clearly differentiate between the sectors of banking business, and investment and advisory business

Dubai World restructuring deal seen soon - top govt official

We are really trying to control the inflation rate. We don't want it to be so high as we believe Dubai will continue to attract more and more people

Dubai regulator imposes curbs on local Espirito Santo bank

ESBD has been restricted from taking or paying deposits

Wragge Lawrence Graham appoints partner in Dubai office

He is a general structured finance lawyer with a specialism in project finance.

WFW launches in Dubai with three-lawyer team

The office will be headed up by partner Andrew Baird, who relocated to Dubai in April to help navigate the jurisdiction’s regulatory requirements.

N.Y. court asked to freeze Turkish family's assets in UAE bank

An attorney for a Motorola subsidiary has asked New York's top state court on Tuesday to allow it to freeze the assets of a Turkish family held by branch of an international bank in the United Arab Emirates.

Baker & McKenzie.Habib Al Mulla named 'Asian-MENA Counsel In-house Community Firm of the Year' for Restructuring & Insolvency

Baker & McKenzie .Habib Al Mulla has solidified its position as a dominant law firm in the Middle East following being named the "Asian-MENA Counsel In-house Community Firm of the Year" for Restructuring & Insolvency in the Asian-MENA Co

The challenges facing the UAE's long-delayed credit bureau

The story goes that most of those debtors had multiple credit lines and getting more was as easy as turning up to another financial institution. It may not have been quite so simple but it was almost.

Tough US laws offer opportunity for banks

Bahrain-based banks need to treat tougher US action on non-compliance with sanctions as an opportunity, an expert has said.

Turkey Risks Setting Dangerous Precedent, Bank Asya CEO Says

Aggressive Investigations by Regulator Politically Motivated, He Says

Fed inspects Turkish Ziraat's New York branch

The United States Federal Reserve (Fed) has reportedly started an inspection of the financial transactions of Turkey's state-run Ziraat Bankası New York branch, Turkish media reported on Tuesday.

Dispute resolution in the United Arab Emirates: what are the options? Part one

Following the Dubai International Finance Centre (DIFC) Court judgment in Banyan Tree Corporate PTE Ltd v Meydan Group LLC, parties operating within Dubai and the wider United Arab Emirates (UAE) have been forced to reconsider their approach to dispute

Kuwait woos foreign investors by suspending offset scheme

He said that new rules could be ready in about six months.

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