On the Move

Real estate consultancy Cavendish Maxwell promotes six company members

KPMG adds eight company members to Saudi partnership team

SICO appoints group Chief Legal Officer

Apex Group welcomes new Country Head to further transform UAE’s financial services sector

Saudi Re appoints Ahmed Al-Jabr as new CEO

WRISE Middle East appoints three new members to its board of directors, including Ex-DFSA EXCO member

Legal, Tax, Regulation & Compliance

From November 15, UAE's exporters will get VAT-related savings from new incentive

Updates to Saudi Arabia's Personal Data Protection Regulations: SCCs, Guidelines and More

EBRD joins ING Türkiye’s first Basel III compliant Tier II bond issuance

Eversheds Sutherland advises on three major solar PV IPP projects with a capacity of 5.5GW in Saudi Arabia

Hong Kong Monetary Authority and Qatar Central Bank strengthen financial cooperation

Bank transactions on hold for thousands of Kuwaitis

Retail Banking

QDB introduces 0% short-term financing to companies that settled NRGP loans

QNB concludes Emerging Leaders Program

New Bank of Bahrain Investment Product Pairs Bitcoin Growth Potential With Capital Security

Qatar: Total assets of commercial banks up 6.8% to $549bln in August

National Bank of Bahrain partners with Citi to offer 24/7 dollar clearing service

Gulf Bank introduces 10th edition of Ajyal Program to develop young talent and cultivate future banking leaders

Alternative Investments

TASI closes the week higher thanks to energy and banking sectors

Saadiyat Island Villa becomes Abu Dhabi's most expensive home at AED 130mln

JLL enhances its technology solutions in the Middle East with JLLT expansion into the region

Oman’s broad money supply surges 13.3%

Family offices offer powerful boost to Abu Dhabi’s economic growth

Global financial services platform Marex acquires Abu Dhabi-based Aarna Capital

Wealth & Asset Management

Habib Bank AG Zurich: A future-forward wealth management strategy

Northern Trust AM to Grow Fixed Income in EMEA

Global Wealth Management Group GSB partners with London-based Mumble Forum

Santander Private Banking Expands Global Presence with First Regional Headquarters in DIFC

UAE-headquartered wealth manager GSB eyes Swiss expansion

Citi Private Bank uncovers family offices top priorities

FinTech

Elliptic expanding into UAE with new regional headquarters

Saudi Arabia targets 535 fintech firms by 2030: How technology is changing Kingdom’s finance sector

Wolters Kluwer expands global footprint with new UAE TeamCloud hosting data center

National Bank of Bahrain Launches First Bitcoin Fund for GCC

Backbase unveils Intelligence Fabric to unlock AI-productivity gains for banks

Qatar digital assets regulation framework to accelerate fintech innovation

Islamic Finance

Qatar Central Bank unveils strategy for 2024-2030

Ahli islamic wins Excellence in Retail Islamic Banking award 2024

Retail investors are Abu Dhabi Islamic Bank PJSC's biggest owners and were hit after market cap dropped د.إ2.7b

Islamic banking in Egyptian market hits $15.23bln in June 2024

Bank investments in monetary bills, Islamic CD hit $62bln by end of Q2-24: CBUAE

Oman’s Islamic banking assets surge 18%, reflecting broader GCC growth trends

Research, Comment and Analysis

Fitch: EMEA emerging markets integrated utilities ratings largely stable

tbi bank opens its own technology hub in Türkiye

What are the macro implications of the Middle East escalation?

Middle East escalation fears prompt risk-off move

Iraqi PM forms high-level committee to align banks with international financial standards

GCC leaders positive on economic outlook and investment climate

Investment Bank

EFG Hermes introduces streamlined custody arrangement and asset servicing arrangement services across 40 markets

EFG Holding continues to report solid performance in the second quarter of 2024

EFG Hermes completes advisory on Budget Saudi’s $121mln acquisition of AutoWorld

NIC recognized as the ‘Best Local Investment Bank in Kuwait - 2024’

EFG Hermes completes advisory on $764mln IPO of Fakeeh Care Group on the Saudi Exchange

EFG Holding revenue surges 92% to EGP 8.6bn in Q1 2024, unveils share buyback program

Planet SOS

QIB joins forces with DHL Express Qatar by signing up for the GoGreen Plus Program

Landmark Retail signs ESG-linked facility with Emirates NBD

Emirates NBD adds impetus to SLL bond push: IFR

Record growth drives cost advantage of renewable power

Climate Risk and ESG Integration in Arab Banks

IFC and Jordan Ahli Bank launch first locally issued sustainability bond in Jordan