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

Research, Comment and Analysis

Forbes Middle East unveils the Middle East’s top 100 CEOs 2023

Meet the titans heading the region’s biggest homegrown companies

Google to support AI research and sustainability solutions in the UAE

Wealth & Asset Management

Exclusive survey by Lombard Odier shows high-net-worth Middle East investors’ strong shift to sustainable investment and Islamic Finance

Cybersecurity skills gap contributed to 80% of breaches

Research, Comment and Analysis

UBS Investor Sentiment: Investors Concerned About the War Yet Stay the Course with their Portfolios

On the Move

Old Mutual names company insider as CEO-designate of its new bank

Global financial services group GSB makes double hire for wealth division

Dentons bolsters its Saudi Arabia Regulatory and Litigation practice with the arrival of partner, Abdullah Alsulaimi

Oliver Wyman boosts Digital practice with new partner Keirin Lee

IQ-EQ appoints Joe Ives as Commercial Director for UAE

AlixPartners expands Middle East operations with appointment of Stephan Essig

Legal, Tax, Regulation & Compliance

UAE fines foreign bank Dhs5m for money laundering breaches

Arab Monetary Fund official lauds performance of Qatar’s banking sector

Oman’s credit grows to $81.6bn in July, up 3.8% yearly

Qatar Financial Centre PMI: Non-energy sector business conditions strengthen in August

Egypt’s Central Bank Increases Lending to Government

Qatar Financial Centre issues QFC digital assets

Retail Banking

Commercial Bank’s MSCI ESG rating upgraded to ‘A’

National Bank of Fujairah PJSC enhances its capital composition

Qatar: Commercial Bank receives ‘A’ rating in MSCI ESG assessment

Burgan Bank unveils Black Visa infinite privilege, its latest invitation-only credit card

QDB recognized as best digital bank at 2024 Banking Excellence Awards

UAE bank close to acquiring $5b stake in Indian bank

Alternative Investments

Global Finance Names The Best SME Banks 2025

Metropolitan Group announces major recruitment drive to hire over 100 real estate agents across UAE

‘Qatar’s startup initiatives embrace transformation in tech industry’

PGIM opens Abu Dhabi office, joining money managers’ rush to UAE capital

QNB Group to approve a buyback of QNB's shares

Nasdaq Dubai welcomes $400 million green bond from Bank of China

Wealth & Asset Management

EFG private banker relocates from Switzerland to Dubai

Family offices confident recent growth in wealth will continue

Burgan Bank Expands its Private Banking Network to Include Al-Adailiya Branch

Former BOS Middle East market head launches MFO

What are you seeing in the global private wealth industry right now? By Ernesto Mairhofer, Head of Private Wealth and Family Offices of Citco Corporate Solutions

JPMorgan Sets Up Dubai Private Banking Team to Tap Wealth Boom

FinTech

How the Middle East is redefining sustainable wealth management

Settle Payments secures $2mln pre-seed funding led by Shorooq Partners to overhaul B2B payments in Egypt

Mastercard and First Abu Dhabi Bank: Harnessing the power of partnerships to drive payment innovation across the region

Beyon Money wins ‘Best Mobile Payments App’ Award at MEA Finance Awards

Paymob secures $22m extension to Series B funding, raises $72m in total

EBRD promotes digital transition in Egypt

Islamic Finance

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

QIB Wins Five Awards at The Asset Triple A Islamic Finance Awards

GCC Islamic banks to maintain strong profitability driven by economic growth

Network International partners with ruya to improve Islamic Banking

Bank Nizwa discusses key Islamic banking topics at Islamic Finance news Oman 2024 conference

Research, Comment and Analysis

UAE banking sector’s liquid assets rise to $218bln by end of Q2-24

Moody's affirms Qatari banks mitigated risks of unexpected shocks

Shane Horgan leads new Digital practice of Global Think Group

Saudi Arabia’s banks see continued growth in loans & advances, deposits, and profitability in second quarter

EY moving financial services partners to KSA to tap market opportunities

Moody’s upgrades outlook on six Omani banks to ‘positive’

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

Climate Risk and ESG Integration in Arab Banks

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

Qatar’s non-hydrocarbon sector has strong potential to drive growth

Masdar partners with Endesa in €1.7bln renewable energy transaction in Spain

PIF strengthens renewable energy localization in Saudi Arabia with three new joint ventures

Herbert Smith Freehills advises on key Abu Dhabi waste-to-energy project