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

Egypt’s State Banks Attract EGP 401 Billion from 18% Saving Certificates

Mohamed El-Etreby, Chairman of Banque Misr said that the bank attracted EGP 131 billion from the 18% certificate within two weeks.

First Abu Dhabi Bank expected to raise 500 mln euros via green bonds

The spread was tightened from initial price guidance of about 85 basis points after orders topped 685 million euros.

Saudi Arabia deposits $5 billion in Egypt's central bank - SPA

Cooperation between the PIF and Egypt's sovereign fund will involve measures to attract $10 billion in investments, the cabinet statement quoted Egyptian Prime Minister Moustafa Madbouly as saying.

A Story of Extremes

Such an increase in yields was seen just before the 1987 crash, during the LTCM fiasco in 1998, in 2000 before the dot com crisis and ahead of the Global Financial Crisis.

GCC banking sector sees 7-quarter high ROE in 2021: Kamco

Saudi and UAE-listed banks also reported healthy profit growth of 40.2% and 52.6% during the year.

Tadawul seeks cross-listing and new financial products: CEO

Tadawul plans to introduce a product in the upcoming period and select eight to ten companies to begin offering the corporate futures, and the number will increase as market and investor needs dictate.

Dubai attracts 57% of scaleup funding in MENA region: report

New report, developed by Dubai Chamber of Digital Economy, in collaboration with Mind the Bridge and Crunchbase, examines key trends reshaping the maturing entrepreneurial ecosystem in MENA

Saudi Wealth Fund May Make Major Investment in Building Firms

Saudi Arabia’s Unpaid Tab With Metro Builders Runs Into Billions

Nearly 9 in 10 people in the Middle East report increased use of digital payments in the past year

Since acquired habits stay with people, 92% of those surveyed intend to use Internet banking and e-wallet services more often even after the end of the pandemic

Banking as a Service gains unstoppable momentum, Finastra research shows

85% of senior executives surveyed are already implementing BaaS solutions or are planning to in the next 12-18 months

Multilateralism needed more than ever to address challenges

You always need this multilateralism in a way where you have different roles for everybody.

CBE announces key performance indicators of banks operating in Egypt during 2021

According to the CBE, bank deposits by individuals increased

CBUAE Governor hosts Bank CEOs to outline the banking sector outlook for 2022

CBUAE and UAE bank CEOs discussed the global and UAE economic recovery that commenced during 2021

Dubai sets sights on Latin America as key region for $544bln trade

Dubai Chamber of Commerce is “fully committed to facilitating exchange” between the United Arab Emirates and LATAM business communities, said its chairman

EBRD and J.P. Morgan support Turkish women entrepreneurs

The EBRD introduced Esra to a management consultant who helped her eveningwear brand, Esra Bridal, increase export capacity and develop its export strategy.

President of New Development Bank describes UAE as a ‘prime example of an economic miracle’

Industry leader’s comments came as he addressed participants at GBF LATAM 2022, which kicked off earlier today in Dubai

Eight digital trends defining the future of the GCC

The GCC is undergoing a region-wide ‘digital paradigm shift’, said global management consulting firm Oliver Wyman in a new report, listing the eight digital trends defining the future of the region in 2022 and beyond

Middle East consumers healthier, more digital and prioritise sustainability: PwC

Middle East shoppers are becoming increasingly influenced by sustainability issues

Citigroup expects sharp increase in UAE and Mena business amid economic recovery

US lender's business in UAE will continue to drive its regional growth ambitions over next 5 years, chief executive Jane Fraser says

Makram Debbas and Sami Darouni on navigating the future of retail

The pandemic accelerated changes that were already underway.

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