Managers of Wealth - Middle East http://middleeast.managersofwealth.com/ Sat, 21 Dec 2024 12:41:55 GMT part of MediaG8way Group http://middleeast.managersofwealth.com/ http://middleeast.managersofwealth.com/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP Tokinvest appoints Mike Mingee as chief compliance officer News Team Thursday, December 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48928/tokinvest-appoints-mike-mingee-as-chief-compliance-officer To drive regulatory excellence and growth On the Move State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain News Aggregation Team Tuesday, December 17, 2024 12:00 am http://middleeast.managersofwealth.com/article/48909/state-street-appoints-majed-al-hassoun-as-head-of-ksa-and-bahrain Al Hassoun will drive the firm’s Middle East growth strategy for Saudi Arabia and Bahrain, and be responsible for the development and execution of an enterprise-wide approach to grow State Street’s business in these markets. On the Move Esterad Bank appoints Hana Al Murran as Head of Compliance and MLRO News Team Monday, December 16, 2024 12:00 am http://middleeast.managersofwealth.com/article/48905/esterad-bank-appoints-hana-al-murran-as-head-of-compliance-and-mlro Commenting on the appointment, Mr. Ahmed Abdulrahman, Acting CEO of Esterad Bank On the Move Goldman Sachs names Omar Alzaim as CEO of bank's Saudi operations News Aggregation Team Friday, December 13, 2024 12:00 am http://middleeast.managersofwealth.com/article/48899/goldman-sachs-names-omar-alzaim-as-ceo-of-bankamp039s-saudi-operations Alzaim joined Goldman in 2021 as an executive director and was named managing director in 2023. On the Move BNY Hires Tech Expert for Ventures Unit in UAE News Aggregation Team Tuesday, December 10, 2024 12:00 am http://middleeast.managersofwealth.com/article/48872/bny-hires-tech-expert-for-ventures-unit-in-uae She has over 20 years of industry experience across operating and strategy roles. On the Move JANA consultant heads to Qatar News Aggregation Team Tuesday, December 10, 2024 12:00 am http://middleeast.managersofwealth.com/article/48874/jana-consultant-heads-to-qatar The GRSIA job is not the first firm Letchumanan has worked for in Qatar. On the Move Raffles Family Office Welcomes Abdullatif Kanoo as Board Advisor amid Global Expansion News Team Monday, December 09, 2024 12:00 am http://middleeast.managersofwealth.com/article/48866/raffles-family-office-welcomes-abdullatif-kanoo-as-board-advisor-amid-global-expansion Abdullatif will play a pivotal role in guiding RFO’s strategic expansion into the Middle East, a key growth region for the firm. On the Move Raffles Family Office Names MidEast Board Advisor News Aggregation Team Friday, December 06, 2024 12:00 am http://middleeast.managersofwealth.com/article/48850/raffles-family-office-names-mideast-board-advisor Based in Abu Dhabi, he will be pivotal in guiding the multi-family office's strategic expansion into the Middle East. On the Move Steigenberger Hotels GmbH appoints new Managing Director News Team Thursday, December 05, 2024 12:00 am http://middleeast.managersofwealth.com/article/48846/steigenberger-hotels-gmbh-appoints-new-managing-director Former Christ-CEO Dr. Stephan Hungeling takes post on 6 January, 2025 On the Move Hamed Khan joins Saudi financial advisory firm Haykala as Executive Director News Aggregation Team Tuesday, December 03, 2024 12:00 am http://middleeast.managersofwealth.com/article/48836/hamed-khan-joins-saudi-financial-advisory-firm-haykala-as-executive-director We are thrilled to welcome Hamed as Executive Director of our CMA-licensed advisory business. On the Move UAE Central Bank lowers interest rates following US Federal Reserve move News Aggregation Team Friday, December 20, 2024 12:00 am http://middleeast.managersofwealth.com/article/48932/uae-central-bank-lowers-interest-rates-following-us-federal-reserve-move Regulator cuts base rate for overnight deposit facility by 25 basis points Legal, Tax, Regulation & Compliance Bahrain's central bank cuts overnight deposit rate by 25 bps, statement says News Aggregation Team Friday, December 20, 2024 12:00 am http://middleeast.managersofwealth.com/article/48937/bahrainamp039s-central-bank-cuts-overnight-deposit-rate-by-25-bps-statement-says The move followed the Federal Reserve's decision to cut interest rates by 25 bps. Legal, Tax, Regulation & Compliance Simplified tax system for small projects in place: Egyptian Tax Authority News Aggregation Team Wednesday, December 18, 2024 12:00 am http://middleeast.managersofwealth.com/article/48922/simplified-tax-system-for-small-projects-in-place-egyptian-tax-authority This initiative aims to streamline procedures, resolve tax disputes, and simplify compliance Legal, Tax, Regulation & Compliance Strategic partnership between Times Developments and ABB announced News Team Monday, December 16, 2024 12:00 am http://middleeast.managersofwealth.com/article/48906/strategic-partnership-between-times-developments-and-abb-announced Times Developments has announced a strategic partnership with ABB, a global leader in electrical and automation solutions, to provide advanced electrical systems and supply the latest medium-voltage devices for its flagship projects, Avelin and Aster. T Legal, Tax, Regulation & Compliance KPMG in Qatar hosts annual IFRS Update Workshop 2024 News Team Tuesday, December 10, 2024 12:00 am http://middleeast.managersofwealth.com/article/48871/kpmg-in-qatar-hosts-annual-ifrs-update-workshop-2024 This flagship event attracted a record 230 participants Legal, Tax, Regulation & Compliance Egypt pound breaches 50 to the dollar, Central Bank says News Aggregation Team Friday, December 06, 2024 12:00 am http://middleeast.managersofwealth.com/article/48852/egypt-pound-breaches-50-to-the-dollar-central-bank-says Under the IMF agreement, Egypt pledged to let supply and demand determine the currency’s value. Legal, Tax, Regulation & Compliance Praxis expands UAE offering with Sandshore acquisition News Team Thursday, December 05, 2024 12:00 am http://middleeast.managersofwealth.com/article/48842/praxis-expands-uae-offering-with-sandshore-acquisition The acquisition of Sandshore builds our expertise further through the addition of five highly qualified and experienced professionals who take the same meticulous approach to client service as our existing team. Legal, Tax, Regulation & Compliance Central Bank of Egypt joins the Pan-African Payment and Settlement System “PAPSS” News Team Wednesday, December 04, 2024 12:00 am http://middleeast.managersofwealth.com/article/48839/central-bank-of-egypt-joins-the-pan-african-payment-and-settlement-system-ampldquopapssamprdquo The New System Boosts Intra-African Trade and Eases the Pressure on Demands for Foreign Currency Legal, Tax, Regulation & Compliance Social Development Bank signs an MoU to renew partnership with UNCTAD’s empretec program in Saudi Arabia News Team Tuesday, December 03, 2024 12:00 am http://middleeast.managersofwealth.com/article/48834/social-development-bank-signs-an-mou-to-renew-partnership-with-unctadamprsquos-empretec-program-in-saudi-arabia The Empretec program focuses on developing the entrepreneurial capabilities of business owners through innovative training workshops in Saudi Arabia Legal, Tax, Regulation & Compliance Qatar Central Bank issues digital banks regulatory framework News Aggregation Team Tuesday, December 03, 2024 12:00 am http://middleeast.managersofwealth.com/article/48835/qatar-central-bank-issues-digital-banks-regulatory-framework These banks stand out by providing comprehensive services through online platforms and mobile applications at all times Legal, Tax, Regulation & Compliance Gulf Bank’s year of distinction with 13 global and regional awards in 2024 News Team Friday, December 20, 2024 12:00 am http://middleeast.managersofwealth.com/article/48931/gulf-bankamprsquos-year-of-distinction-with-13-global-and-regional-awards-in-2024 This year, Gulf Bank was recognized among the *Top 100 Listed Companies in the Region* by Forbes Retail Banking Egypt parliament approves $2bn loan from regional banks News Aggregation Team Friday, December 20, 2024 12:00 am http://middleeast.managersofwealth.com/article/48936/egypt-parliament-approves-2bn-loan-from-regional-banks Finance Minister Ahmed Kouchouk addressed lawmakers, stating that the government is repaying previous loans in larger installments than agreed. Retail Banking Kuwait’s Burgan Bank to take over United Gulf in 2025 News Aggregation Team Friday, December 20, 2024 12:00 am http://middleeast.managersofwealth.com/article/48938/kuwaitamprsquos-burgan-bank-to-take-over-united-gulf-in-2025 The bank has received clearance from the Kuwaiti central bank to buy a 100 percent stake in United Gulf Bank, KIPCO Group said in a regulatory filing on Boursa Kuwait on Thursday. Retail Banking Al Salam Bank announces platinum sponsorship of CPISP News Aggregation Team Friday, December 20, 2024 12:00 am http://middleeast.managersofwealth.com/article/48939/al-salam-bank-announces-platinum-sponsorship-of-cpisp Together, we look forward to continuing the success of this program and creating a meaningful impact for future generations. Retail Banking NBK advises customers to ensure updating civil ID and personal documents through official websites News Team Thursday, December 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48927/nbk-advises-customers-to-ensure-updating-civil-id-and-personal-documents-through-official-websites Within its continuing efforts to promote the “Let’s Be Aware” banking awareness campaign Retail Banking Qatar Central Bank cuts interest rates by 30 basis points News Aggregation Team Thursday, December 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48929/qatar-central-bank-cuts-interest-rates-by-30-basis-points In a post on its official account on the X platform, the QCB explained that in accordance with the decision of the Monetary Policy Committee regarding monetary policy tools Retail Banking Saudi Red Sea International secures $104mln financing from Riyad Bank News Aggregation Team Wednesday, December 18, 2024 12:00 am http://middleeast.managersofwealth.com/article/48917/saudi-red-sea-international-secures-104mln-financing-from-riyad-bank Shariah-compliant financing is meant to support construction of a staff camp Retail Banking QNB Group launches special campaign for QNB First Members on Qatar National Day News Aggregation Team Wednesday, December 18, 2024 12:00 am http://middleeast.managersofwealth.com/article/48920/qnb-group-launches-special-campaign-for-qnb-first-members-on-qatar-national-day They can view offers through QNB Explorer Mobile application and enjoy these benefits. Retail Banking Qatar Central Bank launches new Real-Time Gross Settlement System News Aggregation Team Tuesday, December 17, 2024 12:00 am http://middleeast.managersofwealth.com/article/48914/qatar-central-bank-launches-new-real-time-gross-settlement-system This system is characterized by providing immediate settlement of transactions between banks Retail Banking Saudi Social Development Bank and SNB to launch financing portfolio for entrepreneurs News Aggregation Team Tuesday, December 17, 2024 12:00 am http://middleeast.managersofwealth.com/article/48911/saudi-social-development-bank-and-snb-to-launch-financing-portfolio-for-entrepreneurs The newly launched portfolio will also provide individuals with entrepreneurial knowledge. Retail Banking Record Emerald Hills sale brings AED 40mln profit for investor News Team Friday, December 20, 2024 12:00 am http://middleeast.managersofwealth.com/article/48935/record-emerald-hills-sale-brings-aed-40mln-profit-for-investor Investment strategy guides UHNWI’s to unlock full potential of ultra-luxury market Alternative Investments Invesco releases 2025 Investment Outlook “After the Landing” News Team Thursday, December 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48926/invesco-releases-2025-investment-outlook-ampldquoafter-the-landingamprdquo Base case. Expect significant monetary policy easing to foster an attractive environment for risk assets as central banks achieve a “soft landing” of lowering inflation without a recession Alternative Investments Afreximbank and Egyptian Exporters Association empower 150 African SMEs with export readiness training News Team Wednesday, December 18, 2024 12:00 am http://middleeast.managersofwealth.com/article/48916/afreximbank-and-egyptian-exporters-association-empower-150-african-smes-with-export-readiness-training This programme is carefully designed to bridge the export gap between SMEs and larger corporates and to foster greater SME participation in global export value chains. Alternative Investments AlUla Development Company awards advisory and project management to JLL News Aggregation Team Wednesday, December 18, 2024 12:00 am http://middleeast.managersofwealth.com/article/48919/alula-development-company-awards-advisory-and-project-management-to-jll The contact with JLL will see the firm provide strategic consulting services to AlUla Development Company on topics such as feasibility studies Alternative Investments Dubai Real Estate Market Achieves AED 40 Billion in November 2024 Transactions News Aggregation Team Wednesday, December 18, 2024 12:00 am http://middleeast.managersofwealth.com/article/48921/dubai-real-estate-market-achieves-aed-40-billion-in-november-2024-transactions This continued growth underscores the city’s status as a global hub for real estate investment, driven by high demand across various property types. Alternative Investments The Middle East has private capital’s best growth potential in 2025 say global asset managers, polled by Apex Group News Team Tuesday, December 17, 2024 12:00 am http://middleeast.managersofwealth.com/article/48908/the-middle-east-has-private-capitalamprsquos-best-growth-potential-in-2025-say-global-asset-managers-polled-by-apex-group Exclusive survey of investors managing $4 trillion in assets - reveals clear preference for the region Alternative Investments Ayan Investments announces the sale of part of its investment stake in a paper company. News Aggregation Team Tuesday, December 17, 2024 12:00 am http://middleeast.managersofwealth.com/article/48912/ayan-investments-announces-the-sale-of-part-of-its-investment-stake-in-a-paper-company Ayan Investment Company now owns 1,440,684 shares Alternative Investments Clare Goodwin Consultancy expands into Middle East with Bfore partnership News Aggregation Team Monday, December 16, 2024 12:00 am http://middleeast.managersofwealth.com/article/48902/clare-goodwin-consultancy-expands-into-middle-east-with-bfore-partnership The region is home to a growing, digitally connected customer base, with a passion and interest in beauty and wellness. Alternative Investments Sovereign Wealth Funds: from Piggy Banks to Strategic Actors News Aggregation Team Monday, December 16, 2024 12:00 am http://middleeast.managersofwealth.com/article/48903/sovereign-wealth-funds-from-piggy-banks-to-strategic-actors The most successful are now huge players in the world economy. Alternative Investments Fahad Al Hassawi named CEO of the Year for Operators in the Middle East at Telecom Review Excellence Awards News Team Monday, December 16, 2024 12:00 am http://middleeast.managersofwealth.com/article/48904/fahad-al-hassawi-named-ceo-of-the-year-for-operators-in-the-middle-east-at-telecom-review-excellence-awards The awards honoured du for its exceptional leadership and forward-thinking initiatives across six categories Alternative Investments Mashreq: how to manage wealth through geopolitical uncertainty News Aggregation Team Thursday, December 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48924/mashreq-how-to-manage-wealth-through-geopolitical-uncertainty Interest rates have profoundly influenced the strategies adopted by private banking clients over the past year. Wealth & Asset Management UAE family offices to take centre stage in global wealth management News Aggregation Team Tuesday, December 17, 2024 12:00 am http://middleeast.managersofwealth.com/article/48915/uae-family-offices-to-take-centre-stage-in-global-wealth-management The UAE has a highly favourable tax regime, but is that all it has going for it? Wealth & Asset Management BlackRock accelerates wealth access to private markets in Europe, Middle East and Asia Pacific News Aggregation Team Thursday, December 12, 2024 12:00 am http://middleeast.managersofwealth.com/article/48886/blackrock-accelerates-wealth-access-to-private-markets-in-europe-middle-east-and-asia-pacific Investors into the platform will benefit from exposure to a collection of strategies leveraging the new ELTIF 2.0 wrapper across private equity, multi-alternatives, infrastructure, private debt and real estate. Wealth & Asset Management Aspen Digital receives Financial Services Permission in ADGM to provide services in digital assets News Team Thursday, December 12, 2024 12:00 am http://middleeast.managersofwealth.com/article/48889/aspen-digital-receives-financial-services-permission-in-adgm-to-provide-services-in-digital-assets The license grants Aspen Digital permission to provide broker-dealer, asset management, advisory, and custody services under its fully regulated and best-in-class tech platform. Wealth & Asset Management Standard Chartered expands UAE private banking team to serve growing pool of global ultra-rich News Aggregation Team Wednesday, December 11, 2024 12:00 am http://middleeast.managersofwealth.com/article/48884/standard-chartered-expands-uae-private-banking-team-to-serve-growing-pool-of-global-ultra-rich The lender hired seven new bankers in what it call its 'priority market' Wealth & Asset Management Global wealth management group GSB launches FutureOf fund News Team Tuesday, December 10, 2024 12:00 am http://middleeast.managersofwealth.com/article/48867/global-wealth-management-group-gsb-launches-futureof-fund Beth Bell has joined to run the fund Wealth & Asset Management Family Office Summit unites global leaders in investment and innovation News Team Tuesday, December 10, 2024 12:00 am http://middleeast.managersofwealth.com/article/48868/family-office-summit-unites-global-leaders-in-investment-and-innovation Groundbreaking Discussions and First-Time Visitors Highlight Fourth Summit Success in Abu Dhabi Wealth & Asset Management The Family Office launches goal-based investing platform News Team Tuesday, December 10, 2024 12:00 am http://middleeast.managersofwealth.com/article/48875/the-family-office-launches-goal-based-investing-platform Redefining wealth management Wealth & Asset Management Redefining wealth management: The Family Office launches goal-based investing platform News Aggregation Team Monday, December 09, 2024 12:00 am http://middleeast.managersofwealth.com/article/48858/redefining-wealth-management-the-family-office-launches-goal-based-investing-platform We believe that financial planning should not just be about numbers, it’s about achieving the life goals that matter most to our clients. Wealth & Asset Management Praxis’ Lucy Kirby Wins Digital Leader of the Year at the 2024 Véyaon Awards News Team Monday, December 09, 2024 12:00 am http://middleeast.managersofwealth.com/article/48859/praxisamprsquo-lucy-kirby-wins-digital-leader-of-the-year-at-the-2024-vampeacuteyaon-awards Sponsored by Sure Business, the award recognises Lucy’s “exceptional leadership, innovative approach, and her substantial impact on colleagues and the wider business community”. Wealth & Asset Management IBM opens new office in Qatar’s capital city Doha News Aggregation Team Wednesday, December 18, 2024 12:00 am http://middleeast.managersofwealth.com/article/48918/ibm-opens-new-office-in-qataramprsquos-capital-city-doha IBM provides public and private sector organisations with a full range of technology services and solutions. FinTech Fintech Abu Dhabi affirms Abu Dhabi as hub for financial innovation News Aggregation Team Friday, December 13, 2024 12:00 am http://middleeast.managersofwealth.com/article/48897/fintech-abu-dhabi-affirms-abu-dhabi-as-hub-for-financial-innovation With a focus on payments, digital assets, digital security, and credit, the gathering also reaffirmed Abu Dhabi’s position as a global hub for financial innovation FinTech Visa partners with Saudi Awwal Bank and Monsha'at for third edition of She's Next News Team Thursday, December 12, 2024 12:00 am http://middleeast.managersofwealth.com/article/48887/visa-partners-with-saudi-awwal-bank-and-monshaamp039at-for-third-edition-of-sheamp039s-next To empower women fashion entrepreneurs FinTech Middle East banks brace for a stable yet FinTech-driven transformation in 2025 News Aggregation Team Wednesday, December 11, 2024 12:00 am http://middleeast.managersofwealth.com/article/48879/middle-east-banks-brace-for-a-stable-yet-fintech-driven-transformation-in-2025 This forecast suggests stability in economic conditions and financial metrics. FinTech First Abu Dhabi Bank Chooses Broadridge to Build Global Agency Securities Finance Business News Team Wednesday, December 11, 2024 12:00 am http://middleeast.managersofwealth.com/article/48885/first-abu-dhabi-bank-chooses-broadridge-to-build-global-agency-securities-finance-business Expansion of securities finance within the UAE and broader Middle East FinTech National Bank of Kuwait's innovative digital strategy strengthens its leadership in fintech News Aggregation Team Tuesday, December 10, 2024 12:00 am http://middleeast.managersofwealth.com/article/48870/national-bank-of-kuwaitamp039s-innovative-digital-strategy-strengthens-its-leadership-in-fintech Throughout 2024, the Operations and Information Technology Group sustained its trajectory of success, introducing several innovative projects across various markets FinTech Crypto.com Gains Mastercard License to Launch Crypto Cards in Bahrain, GCC News Aggregation Team Thursday, December 05, 2024 12:00 am http://middleeast.managersofwealth.com/article/48843/cryptocom-gains-mastercard-license-to-launch-crypto-cards-in-bahrain-gcc This move leverages Crypto.com’s recently acquired license from the Central Bank of Bahrain FinTech Qatar to invest $1.3bln in climate technology in Britain News Aggregation Team Wednesday, December 04, 2024 12:00 am http://middleeast.managersofwealth.com/article/48837/qatar-to-invest-13bln-in-climate-technology-in-britain The investment is expected to create thousands of jobs and launch climate technology hubs in both countries to accelerate development of climate-friendly technologies FinTech Reem Finance selects Temenos to power new digital community bank in the UAE News Team Friday, November 29, 2024 12:00 am http://middleeast.managersofwealth.com/article/48819/reem-finance-selects-temenos-to-power-new-digital-community-bank-in-the-uae Temenos SaaS enables rapid time-to-market and streamlined scalability, ensuring agility and efficiency as the business grows FinTech Saudi Arabia strengthens cybersecurity leadership at Black Hat MENA News Aggregation Team Friday, November 29, 2024 12:00 am http://middleeast.managersofwealth.com/article/48824/saudi-arabia-strengthens-cybersecurity-leadership-at-black-hat-mena The conference included a series of technical sessions and workshops centered on the role of cybersecurity in safeguarding emerging technologies. FinTech The Eurasian Development Bank, IsDBI and the London Stock Exchange Group host a discussion on the future of Islamic finance in Central Asia News Team Tuesday, December 17, 2024 12:00 am http://middleeast.managersofwealth.com/article/48913/the-eurasian-development-bank-isdbi-and-the-london-stock-exchange-group-host-a-discussion-on-the-future-of-islamic-finance-in-central-asia As part of the Islamic Banking program at Abu Dhabi Finance Week Islamic Finance ADIB Ventures partners with Lean Technologies to deliver innovative products News Team Friday, December 13, 2024 12:00 am http://middleeast.managersofwealth.com/article/48896/adib-ventures-partners-with-lean-technologies-to-deliver-innovative-products Offering tools for programmatic automated payouts, reconciliation, account verification, and stronger financial operations solutions Islamic Finance Bank Muscat taps Nucleus Software to enhance its collection strategy News Aggregation Team Wednesday, December 11, 2024 12:00 am http://middleeast.managersofwealth.com/article/48878/bank-muscat-taps-nucleus-software-to-enhance-its-collection-strategy This strategic implementation is in line with the bank’s mission to provide simplified and integrated banking solutions across its expansive network. Islamic Finance Egypt considers issuing green, Islamic bonds in local market for first time: FM News Aggregation Team Wednesday, December 11, 2024 12:00 am http://middleeast.managersofwealth.com/article/48880/egypt-considers-issuing-green-islamic-bonds-in-local-market-for-first-time-fm We are working to diversify funding sources and attract local investors to reduce external borrowing and costs. Islamic Finance Emirates Islamic extends long-term strategic partnership agreement with Visa News Aggregation Team Tuesday, December 10, 2024 12:00 am http://middleeast.managersofwealth.com/article/48869/emirates-islamic-extends-long-term-strategic-partnership-agreement-with-visa The extension of the long-term partnership between the two sides boosts innovative customer-centric products and solutions to customers while enhancing digital payments in the region Islamic Finance Islamic finance expert calls for authenticity and reform in the industry News Team Friday, December 06, 2024 12:00 am http://middleeast.managersofwealth.com/article/48857/islamic-finance-expert-calls-for-authenticity-and-reform-in-the-industry 7th International Conference on Islamic Finance Highlights the Future of Ethical Finance in Doha, Qatar Islamic Finance QIB launches an exclusive finance campaign on the occasion of Qatar National Day News Team Wednesday, December 04, 2024 12:00 am http://middleeast.managersofwealth.com/article/48840/qib-launches-an-exclusive-finance-campaign-on-the-occasion-of-qatar-national-day The campaign offers customers reduced rates starting at 4.5% for Qatari nationals and 5.5% for expats Islamic Finance Islamic Finance leaders convene at Second Islamic Economy meeting to discuss sustainable innovation and Maqasid Al-Shariah in Finance News Team Friday, November 29, 2024 12:00 am http://middleeast.managersofwealth.com/article/48821/islamic-finance-leaders-convene-at-second-islamic-economy-meeting-to-discuss-sustainable-innovation-and-maqasid-al-shariah-in-finance The meeting was held in Jeddah, Kingdom of Saudi Arabia and Online Islamic Finance Islamic banking in Kuwait and Oman stable amid favorable conditions: Fitch Ratings News Aggregation Team Friday, November 29, 2024 12:00 am http://middleeast.managersofwealth.com/article/48823/islamic-banking-in-kuwait-and-oman-stable-amid-favorable-conditions-fitch-ratings Fitch Ratings noted that capital at Kuwaiti Islamic banks remains adequate, supported by moderate growth and steady profitability in 2024 and 2025. Islamic Finance Oman Islamic finance sector expanding News Team Thursday, November 28, 2024 12:00 am http://middleeast.managersofwealth.com/article/48815/oman-islamic-finance-sector-expanding Deposit protection law now covers Islamic banks Islamic Finance The rise of family-owned business in the Middle East News Team Thursday, December 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48925/the-rise-of-family-owned-business-in-the-middle-east This confidence has also led to a significant influx of ultra-high-net-worth individuals Research, Comment and Analysis Qatar retail sales projected to grow at annualised rate of 2.2% up to 2028: Alpen Capital News Aggregation Team Thursday, December 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48930/qatar-retail-sales-projected-to-grow-at-annualised-rate-of-22-up-to-2028-alpen-capital Main drivers are government’s ambitious strategy to make Qatar a tourist destination, growing population and rising income levels Research, Comment and Analysis Global Finance Names The World’s Best Trade Finance Providers 2025 News Team Tuesday, December 17, 2024 12:00 am http://middleeast.managersofwealth.com/article/48910/global-finance-names-the-worldamprsquos-best-trade-finance-providers-2025 Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies. Research, Comment and Analysis Qatar’s budget for 2025 prioritises spending on vital sectors News Aggregation Team Monday, December 16, 2024 12:00 am http://middleeast.managersofwealth.com/article/48901/qataramprsquos-budget-for-2025-prioritises-spending-on-vital-sectors The allocations for health and education sectors stand at QR41.4bn, accounting for 20 percent of the budget. Research, Comment and Analysis Fiaz Hussain on his 25 years in management consulting and his time at Argon & Co News Aggregation Team Friday, December 13, 2024 12:00 am http://middleeast.managersofwealth.com/article/48895/fiaz-hussain-on-his-25-years-in-management-consulting-and-his-time-at-argon-ampamp-co At the same time, Argon & Co is a global player with offices in 15+ countries, with deep expertise in strategic operations, supply chain, procurement, and digital Research, Comment and Analysis What are some of the current challenges for mental health in the workplace? News Team Friday, December 13, 2024 12:00 am http://middleeast.managersofwealth.com/article/48900/what-are-some-of-the-current-challenges-for-mental-health-in-the-workplace In today’s corporate environment, the term "mental health" is increasingly being discussed Research, Comment and Analysis UAE, Saudi to post strong credit growth in 2025: Fitch News Aggregation Team Wednesday, December 11, 2024 12:00 am http://middleeast.managersofwealth.com/article/48876/uae-saudi-to-post-strong-credit-growth-in-2025-fitch High oil prices, expansion in non-oil sector to support growth Research, Comment and Analysis Saudi financial services firm United International’s CEO passes away News Aggregation Team Wednesday, December 11, 2024 12:00 am http://middleeast.managersofwealth.com/article/48877/saudi-financial-services-firm-united-internationalamprsquos-ceo-passes-away The eXtra subsidiary began trading on tadawul exchange on December 3 Research, Comment and Analysis QBA and Egypt discuss investment opportunities across various sectors News Aggregation Team Monday, December 09, 2024 12:00 am http://middleeast.managersofwealth.com/article/48862/qba-and-egypt-discuss-investment-opportunities-across-various-sectors He pointed out the existence of numerous promising investment opportunities that Egypt looks forward to collaborating on with its Qatari counterparts. Research, Comment and Analysis Deloitte survey reveals over half of Middle East C-Suite executives leverage technology to drive climate action News Team Friday, December 06, 2024 12:00 am http://middleeast.managersofwealth.com/article/48855/deloitte-survey-reveals-over-half-of-middle-east-c-suite-executives-leverage-technology-to-drive-climate-action Key insights of the CxO Sustainability Report 2024 presented at a roundtable at the ongoing Future Sustainability Forum Research, Comment and Analysis Citibank honours QIIB with ‘Excellence in Straight Through Processing Payments’ award News Aggregation Team Monday, December 09, 2024 12:00 am http://middleeast.managersofwealth.com/article/48863/citibank-honours-qiib-with-amplsquoexcellence-in-straight-through-processing-paymentsamprsquo-award Citibank explained that the award was granted to QIIB in recognition of its outstanding performance Investment Bank EFG Hermes concludes $13.51mln securitized bond issuance for valU News Aggregation Team Tuesday, November 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48759/efg-hermes-concludes-1351mln-securitized-bond-issuance-for-valu The bonds are backed by a receivables portfolio assigned to EFG for Securitization, the special purpose vehicle managing the issuance Investment Bank HSBC leads as MENA’s top earner in investment banking fees News Aggregation Team Tuesday, October 22, 2024 1:00 am http://middleeast.managersofwealth.com/article/48612/hsbc-leads-as-menaamprsquos-top-earner-in-investment-banking-fees HSBC was followed by Standard Chartered ($56.5 million) and First Abu Dhabi Bank ($56 million) in the league tables Investment Bank EFG Hermes introduces streamlined custody arrangement and asset servicing arrangement services across 40 markets News Team Monday, September 02, 2024 1:00 am http://middleeast.managersofwealth.com/article/48335/efg-hermes-introduces-streamlined-custody-arrangement-and-asset-servicing-arrangement-services-across-40-markets The service is designed to address the unique challenges faced by HNWIs, family offices, and small- to mid-sized funds in accessing custody arrangement services Investment Bank EFG Holding continues to report solid performance in the second quarter of 2024 News Team Wednesday, August 14, 2024 1:00 am http://middleeast.managersofwealth.com/article/48228/efg-holding-continues-to-report-solid-performance-in-the-second-quarter-of-2024 EFG Hermes, the Investment Bank, saw its Investment Banking division report all-time high revenues together with Brokerage revenues shooting up Investment Bank EFG Hermes completes advisory on Budget Saudi’s $121mln acquisition of AutoWorld News Team Monday, July 22, 2024 1:00 am http://middleeast.managersofwealth.com/article/48108/efg-hermes-completes-advisory-on-budget-saudiamprsquos-121mln-acquisition-of-autoworld EFG Hermes acted as the sole financial advisor on the transaction, which is set to create a new powerhouse in the Saudi auto industry Investment Bank NIC recognized as the ‘Best Local Investment Bank in Kuwait - 2024’ News Aggregation Team Monday, June 10, 2024 1:00 am http://middleeast.managersofwealth.com/article/47864/nic-recognized-as-the-amplsquobest-local-investment-bank-in-kuwait-2024amprsquo Euromoney award confirms NIC’s distinguished services and continuous achievements Investment Bank EFG Hermes completes advisory on $764mln IPO of Fakeeh Care Group on the Saudi Exchange News Team Wednesday, June 05, 2024 1:00 am http://middleeast.managersofwealth.com/article/47841/efg-hermes-completes-advisory-on-764mln-ipo-of-fakeeh-care-group-on-the-saudi-exchange The IPO garnered widespread interest from local, regional, and international investors, with an oversubscription rate of 119 Investment Bank EFG Holding revenue surges 92% to EGP 8.6bn in Q1 2024, unveils share buyback program News Aggregation Team Friday, May 24, 2024 1:00 am http://middleeast.managersofwealth.com/article/47784/efg-holding-revenue-surges-92-to-egp-86bn-in-q1-2024-unveils-share-buyback-program EFG Hermes, the investment bank arm, played a key role in the strong Q1 results, with revenues more than doubling year-on-year to EGP 6.2bn. Investment Bank Banque Misr announces strategic partnership and major investment in BELMAZAD News Team Wednesday, May 08, 2024 1:00 am http://middleeast.managersofwealth.com/article/47691/banque-misr-announces-strategic-partnership-and-major-investment-in-belmazad Egypt’s First Digital Public Auction Platform Investment Bank Arab co-operation in energy sector discussed News Aggregation Team Thursday, December 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48923/arab-co-operation-in-energy-sector-discussed The discussion highlighted the strong ties between Kuwait and the Arab countries represented in OAPEC Planet SOS United Arab Bank & Canon to deliver impactful carbon compensation for business printing in UAE News Team Friday, December 13, 2024 12:00 am http://middleeast.managersofwealth.com/article/48892/united-arab-bank-ampamp-canon-to-deliver-impactful-carbon-compensation-for-business-printing-in-uae Collaboration introduces Canon's first climate project contribution program in the UAE Planet SOS Sustainability Forum Middle East welcomes Boston Consulting Group as a Forum Partner for its third edition News Team Thursday, December 12, 2024 12:00 am http://middleeast.managersofwealth.com/article/48891/sustainability-forum-middle-east-welcomes-boston-consulting-group-as-a-forum-partner-for-its-third-edition The Forum, which is set to attract over 400 regional business leaders, policymakers, and sustainability experts Planet SOS Ministry of Climate Change and Environment prepares to launch framework for Extended Producer Responsibility (EPR) in the UAE News Team Monday, December 09, 2024 12:00 am http://middleeast.managersofwealth.com/article/48861/ministry-of-climate-change-and-environment-prepares-to-launch-framework-for-extended-producer-responsibility-epr-in-the-uae With the aim of advancing integrated waste management and boosting the circular economy Planet SOS Saudi Arabia launches national sustainability committee News Aggregation Team Monday, December 09, 2024 12:00 am http://middleeast.managersofwealth.com/article/48865/saudi-arabia-launches-national-sustainability-committee The Kingdom shares the environmental challenges witnessed in many other countries Planet SOS Bloomberg Intelligence Report highlights MENA’s growing sustainable finance market News Team Friday, December 06, 2024 12:00 am http://middleeast.managersofwealth.com/article/48856/bloomberg-intelligence-report-highlights-menaamprsquos-growing-sustainable-finance-market COP 28 accelerated sustainable finance issuances in MENA Planet SOS Salik named Official Mobility Partner of the 2024 Future Sustainability Forum News Team Thursday, December 05, 2024 12:00 am http://middleeast.managersofwealth.com/article/48844/salik-named-official-mobility-partner-of-the-2024-future-sustainability-forum Cementing Salik’s commitment in green mobility solutions Planet SOS NBK Joins COP29 Discussions to Advance Sustainable Financing and Bridge the Climate Investment Gap News Team Friday, November 22, 2024 12:00 am http://middleeast.managersofwealth.com/article/48784/nbk-joins-cop29-discussions-to-advance-sustainable-financing-and-bridge-the-climate-investment-gap NBK's participation in this significant global event underscores its commitment to collaborative efforts aimed at mitigating the impacts of climate change Planet SOS BankDhofar publishes inaugural sustainability report for 2023 News Team Wednesday, November 20, 2024 12:00 am http://middleeast.managersofwealth.com/article/48773/bankdhofar-publishes-inaugural-sustainability-report-for-2023 Leading the way in ESG and corporate governance Planet SOS COP29: Saudi Arabia signs major green energy pact with Central Asian nations News Aggregation Team Friday, November 15, 2024 12:00 am http://middleeast.managersofwealth.com/article/48750/cop29-saudi-arabia-signs-major-green-energy-pact-with-central-asian-nations Saudi Arabia, a leader in Middle Eastern clean energy, aims to meet 50 percent of its power needs from renewable sources by 2030. Planet SOS