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

Biggest Gulf Wealth Funds Are Faulted for Lagging on Governance

A study of sovereign investors published by Global SWF singled out several of the largest entities in the region for insufficient disclosure and their lack of transparency.

UAE’s liberalisation policy will continue to attract FDI to region: UN

The UAE also received more foreign direct investment in the year of the Covid-19 pandemic when the Emirates was ranked among the world’s top 20 FDI recipient countries

Global tax overhaul backed by 130 countries

All G20 countries, such as the US, UK China and France, did back the agreement.

Linklaters advises on first ever international convertible bond issued by a Turkish listed company

The bonds include a number of bespoke features, including leverage and guarantee covenants, a make-whole provision and an annual conversion price reset test.

Deloitte experts release 'Transfer Pricing in the Middle East' guide

According to publisher LexisNexis (one of the world’s largest legal and tax information providers), this book is “the first of its kind in the Middle East region.

Shariah-compliant fund from Ethos Invest aims to raise $1.38bln

UK-based fund will invest across the MENA region as well as the UK, Europe, Southeast Asia and North America

Al-Marzouq: KFH has been operating in Turkey for over 30 years with a variety of achievements

KFH Group participates in the Investment Opportunities & Collaboration Areas between Turkey and Kuwait webinar

Qatar Cuts Stake in Credit Suisse

The result is that U.S.-based fund manager BlackRock moves up into the top position with a 5.4-percent share.

Banking fraud awareness and prevention

Why it is imperative to dedicate substantial resources to secure infrastructure

CBD To Provide Digital Banking For DMCC-Licensed SMBs In UAE

The partnership with the DMCC is the latest in a series of agreements made by the CBD in what it describes as an effort to support the SME ecosystem.

Turkish regulator urges banks to lend at a fair cost

Turkey’s government is seeking to stimulate economic growth through increased lending by the finance industry.

UAE Central Bank issues guidance on anti-money laundering

LFIs are required to perform appropriate customer due diligence and report any behaviour that they reasonably suspect

Ashurst’s M&A team sees two deal mandates in Abu Dhabi close

A new venture set up in Abu Dhabi Global Markets.

Financial positions of banks in Egypt rise by EGP 532bn in Q1 of 2021: CBE

Capital at banks amounts to EGP 177.92bn, reserves register EGP 347.826bn, provisions score EGP 165.588bn

Dentons advises Ahli United Bank K.S.C.P. on their US$600 million Tier 1 sukuk issuance and the tender offer for their US$200 million capital certificates

The issuance was dual listed on the regulated market of Euronext Dublin and on Nasdaq Dubai, and was offered to sophisticated investors outside the US in reliance on Regulation S under the US Securities Act 1933.

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