Managers of Wealth - Middle East http://middleeast.managersofwealth.com/ Sat, 05 Jul 2025 19:02:05 BST part of MediaG8way Group http://middleeast.managersofwealth.com/ http://middleeast.managersofwealth.com/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP World Bank Group appoints new Country Manager for Lebanon News Team Friday, July 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49935/world-bank-group-appoints-new-country-manager-for-lebanon Announces the appointment of Enrique Blanco Armas as World Bank Group Country Manager for Lebanon On the Move World Bank Group appoints new Country Manager for Qatar News Team Friday, July 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49937/world-bank-group-appoints-new-country-manager-for-qatar Announces the appointment of Holly Welborn Benner as the World Bank Group Country Manager for the State of Qatar On the Move Dubai Investments announces key leadership appointments News Team Friday, July 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49938/dubai-investments-announces-key-leadership-appointments Announces the appointment of Mushtaq Masood as Chief Operating Officer On the Move PwC Middle East welcomes 62 new partners as the firm continues to grow across the region News Team Wednesday, July 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49926/pwc-middle-east-welcomes-62-new-partners-as-the-firm-continues-to-grow-across-the-region Reflects the firm’s commitment to investing in talent and strengthening leadership across the region On the Move Strategy& names Jad Hajj as new leader of Middle East business News Aggregation Team Tuesday, July 01, 2025 1:00 am http://middleeast.managersofwealth.com/article/49917/strategyampamp-names-jad-hajj-as-new-leader-of-middle-east-business Appointed effective today, Jad Hajj now leads Strategy& across the Middle East, where the consulting firm has a team of around 900 staff across offices in Abu Dhabi, Dubai, Beirut, Riyadh, Cairo and Doha. On the Move Afreximbank appoints Dr. George Elombi as next President News Team Tuesday, July 01, 2025 1:00 am http://middleeast.managersofwealth.com/article/49918/afreximbank-appoints-dr-george-elombi-as-next-president He becomes the fourth President to lead the Bank since its establishment in 1993 On the Move IBM Consulting appoints Lula Mohanty as Managing Partner for Middle East & Africa News Aggregation Team Thursday, June 26, 2025 1:00 am http://middleeast.managersofwealth.com/article/49896/ibm-consulting-appoints-lula-mohanty-as-managing-partner-for-middle-east-ampamp-africa Mohanty brings extensive leadership experience from her 25 years with IBM. Between 2018 and 2023 On the Move UBS GWM Appoints New NRI Head in Dubai News Aggregation Team Tuesday, June 24, 2025 1:00 am http://middleeast.managersofwealth.com/article/49879/ubs-gwm-appoints-new-nri-head-in-dubai Bächli is expected to relocate from Singapore to take up the position, where he will oversee one of the firm’s most strategically important client corridors—linking Asia and the Middle East. On the Move Farzad Billimoria to join Barclays as Head of Private Bank for the UAE News Team Friday, June 20, 2025 1:00 am http://middleeast.managersofwealth.com/article/49864/farzad-billimoria-to-join-barclays-as-head-of-private-bank-for-the-uae Farzad Billimoria appointed to lead and accelerate PB’s growth ambitions in the UAE On the Move UBS GWM names new Dubai-based NRI head News Aggregation Team Friday, June 20, 2025 1:00 am http://middleeast.managersofwealth.com/article/49863/ubs-gwm-names-new-dubai-based-nri-head The bank's new NRI head will oversee the increasingly important corridor between Asia and the Middle East. On the Move Khaleeji Bank signs MoU with Euro University Bahrain to provide innovative education financing solutions News Team Friday, July 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49936/khaleeji-bank-signs-mou-with-euro-university-bahrain-to-provide-innovative-education-financing-solutions The agreement aims to offer tailored educational financing solutions to the university’s students and their parents Legal, Tax, Regulation & Compliance UAE Central Bank fines foreign bank branch Dh5.9 million News Aggregation Team Thursday, July 03, 2025 1:00 am http://middleeast.managersofwealth.com/article/49929/uae-central-bank-fines-foreign-bank-branch-dh59-million The branch was fined for violating anti-money laundering rules Legal, Tax, Regulation & Compliance QCB issues government bonds and sukuk worth QR5 billion on behalf of Ministry of Finance News Aggregation Team Tuesday, July 01, 2025 1:00 am http://middleeast.managersofwealth.com/article/49916/qcb-issues-government-bonds-and-sukuk-worth-qr5-billion-on-behalf-of-ministry-of-finance Total bank bids for government bonds and sukuk reached QR 10.7 billion. Legal, Tax, Regulation & Compliance UAE signed 146 agreements to avoid double taxation on income in 2024 News Aggregation Team Monday, June 30, 2025 1:00 am http://middleeast.managersofwealth.com/article/49909/uae-signed-146-agreements-to-avoid-double-taxation-on-income-in-2024 Emirates also raised $4.6 billion from sale of T-sukuks through 14 auctions, according to Ministry of Finance Legal, Tax, Regulation & Compliance UAE Central Bank suspends bank's Islamic window from onboarding new customers for six months News Aggregation Team Friday, June 27, 2025 1:00 am http://middleeast.managersofwealth.com/article/49899/uae-central-bank-suspends-bankamp039s-islamic-window-from-onboarding-new-customers-for-six-months Lender also fined Dh3.5 million for non-compliance with Sharia governance rules Legal, Tax, Regulation & Compliance Central Bank suspends new Islamic banking customers at UAE bank, imposes Dh3.5 million fine News Aggregation Team Friday, June 27, 2025 1:00 am http://middleeast.managersofwealth.com/article/49902/central-bank-suspends-new-islamic-banking-customers-at-uae-bank-imposes-dh35-million-fine CBUAE action follows Sharia governance violations found during inspections Legal, Tax, Regulation & Compliance CBUAE fines UAE-based exchange house Dh2 million for violating AML rules News Aggregation Team Wednesday, June 25, 2025 1:00 am http://middleeast.managersofwealth.com/article/49886/cbuae-fines-uae-based-exchange-house-dh2-million-for-violating-aml-rules Penalty imposed after exam found non-compliance with anti-money laundering procedures Legal, Tax, Regulation & Compliance Oman to introduce 5% income tax on high earners from 2028 News Aggregation Team Monday, June 23, 2025 1:00 am http://middleeast.managersofwealth.com/article/49875/oman-to-introduce-5-income-tax-on-high-earners-from-2028 The new tax regime aims to broaden revenue streams while ensuring that most citizens remain unaffected Legal, Tax, Regulation & Compliance UAE’s central bank maintains base rate at 4.40% News Aggregation Team Friday, June 20, 2025 1:00 am http://middleeast.managersofwealth.com/article/49866/uaeamprsquos-central-bank-maintains-base-rate-at-440 This decision was taken following the US Fed’s decision to maintain the interest rate on reserve balances Legal, Tax, Regulation & Compliance Türkiye's central bank weighs rate cut as inflation softens: analysts News Aggregation Team Friday, June 13, 2025 1:00 am http://middleeast.managersofwealth.com/article/49829/tampuumlrkiyeamp039s-central-bank-weighs-rate-cut-as-inflation-softens-analysts Türkiye's central bank expects annual inflation to decline to 24 percent at the end of this year and 12 percent by the end of 2026 Legal, Tax, Regulation & Compliance Emirates NBD clarifies on DirectRemit: No new fee for money transfers to India, Pakistan, Philippines, Egypt News Aggregation Team Monday, June 30, 2025 1:00 am http://middleeast.managersofwealth.com/article/49908/emirates-nbd-clarifies-on-directremit-no-new-fee-for-money-transfers-to-india-pakistan-philippines-egypt Dh26 fee applies to non-core corridors, not popular remittance countries: Emirates NBD Retail Banking Al Ahli bank of Kuwait Earns Top Honour At Global Brand Awards 2024 News Team Monday, June 30, 2025 1:00 am http://middleeast.managersofwealth.com/article/49910/al-ahli-bank-of-kuwait-earns-top-honour-at-global-brand-awards-2024 This achievement reflects their unwavering dedication to delivering exceptional customer service and setting industry benchmarks. Well-deserved recognition for an outstanding team! Retail Banking Sohar International launches Oman’s first open banking platform, ushering a new era of financial innovation News Team Monday, June 30, 2025 1:00 am http://middleeast.managersofwealth.com/article/49911/sohar-international-launches-omanamprsquos-first-open-banking-platform-ushering-a-new-era-of-financial-innovation This strategic advancement enhances the bank’s digital ecosystem Retail Banking Qatar National Bank suspends share buyback, to resume on July 10 News Aggregation Team Friday, June 27, 2025 1:00 am http://middleeast.managersofwealth.com/article/49905/qatar-national-bank-suspends-share-buyback-to-resume-on-july-10 QNB will not conduct its share repurchase during the closed period commencing from 25 June 2025 to 9 July 2025 Retail Banking FAB Becomes First Bank in MENA to Join China’s Cross-Border Payment Network News Aggregation Team Wednesday, June 25, 2025 1:00 am http://middleeast.managersofwealth.com/article/49888/fab-becomes-first-bank-in-mena-to-join-chinaamprsquos-cross-border-payment-network FAB is currently the only UAE bank operating a fully licensed branch in Mainland China and is committed to supporting the needs of clients and partners in both markets. Retail Banking FAB becomes MENA’s first lender to join CIPS as direct participant News Aggregation Team Tuesday, June 24, 2025 1:00 am http://middleeast.managersofwealth.com/article/49880/fab-becomes-menaamprsquos-first-lender-to-join-cips-as-direct-participant Move reinforces the ADX-listed bank’s position in cash management and clearing across the MENA region Retail Banking Oman’s Sohar, Ahli Bank postpone merger talks due to regulatory delays News Aggregation Team Tuesday, June 24, 2025 1:00 am http://middleeast.managersofwealth.com/article/49881/omanamprsquos-sohar-ahli-bank-postpone-merger-talks-due-to-regulatory-delays Ahli Bank will proceed with OMR50mln capital increase Retail Banking First Abu Dhabi Bank becomes First MENA Bank to join CIPS as direct participant News Team Friday, June 20, 2025 1:00 am http://middleeast.managersofwealth.com/article/49869/first-abu-dhabi-bank-becomes-first-mena-bank-to-join-cips-as-direct-participant Strengthening its regional cash management and clearing capabilities Retail Banking CBB Governor participates in HSBC GCC exchanges 2025 Conference News Team Thursday, June 19, 2025 1:00 am http://middleeast.managersofwealth.com/article/49856/cbb-governor-participates-in-hsbc-gcc-exchanges-2025-conference The event brings together representatives from GCC exchanges, alongside a number of international officials and investors Retail Banking Arab Bank receives ‘Best Bank in the Middle East 2025’ award News Aggregation Team Thursday, June 19, 2025 1:00 am http://middleeast.managersofwealth.com/article/49861/arab-bank-receives-amplsquobest-bank-in-the-middle-east-2025amprsquo-award Global Finance Awards cover more than 150 countries Retail Banking Allfunds Onboards First Fund into Middle East Management Company in Partnership with Schroders News Team Friday, July 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49932/allfunds-onboards-first-fund-into-middle-east-management-company-in-partnership-with-schroders Allfunds (Middle East) Limited, based in Dubai International Financial Centre, offers a tailored framework for accessing Middle Eastern markets. Alternative Investments Saudi Awwal Bank to issue SAR-denominated AT1 sukuk News Aggregation Team Thursday, July 03, 2025 1:00 am http://middleeast.managersofwealth.com/article/49914/saudi-awwal-bank-to-issue-sar-denominated-at1-sukuk HSBC Saudi Arabia is mandated as sole arranger and dealer Alternative Investments AFESD, AIIB sign deal to boost sustainable infrastructure projects News Aggregation Team Wednesday, July 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49921/afesd-aiib-sign-deal-to-boost-sustainable-infrastructure-projects “This collaboration will bolster our resources and strengthen our role in financing infrastructure, contributing to a more prosperous and sustainable future for the region,” he noted. Alternative Investments Egyptian Food Bank recognized as the first Egyptian development organization News Team Wednesday, July 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49923/egyptian-food-bank-recognized-as-the-first-egyptian-development-organization To receive the FAO Award for its leadership in advancing food security Alternative Investments Crédit Agricole Egypt Foundation unveils its new brand identity News Team Wednesday, July 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49924/crampeacutedit-agricole-egypt-foundation-unveils-its-new-brand-identity The new logo is inspired by a blooming four-petal flower, symbolizing the four main strategic pillars of the foundation Alternative Investments Union Insurance takes further measures to strengthen its financial position News Team Friday, June 27, 2025 1:00 am http://middleeast.managersofwealth.com/article/49900/union-insurance-takes-further-measures-to-strengthen-its-financial-position Company’s solvency and liquidity continue to be strong and recently solvency reached 144% Alternative Investments Oman’s finance and leasing sector supports economic diversification under Vision 2040 News Team Friday, June 27, 2025 1:00 am http://middleeast.managersofwealth.com/article/49901/omanamprsquos-finance-and-leasing-sector-supports-economic-diversification-under-vision-2040 Oxford Business Group’s latest Growth and Perspectives video highlights the sector’s role in enhancing access to capital and enabling sustainable growth Alternative Investments Trade volume with Saudi Arabia up 65% to QR4.9 billion: Qatar Chamber News Aggregation Team Friday, June 27, 2025 1:00 am http://middleeast.managersofwealth.com/article/49903/trade-volume-with-saudi-arabia-up-65-to-qr49-billion-qatar-chamber The meeting explored ways to enhance cooperation between the two chambers, aiming to strengthen collaboration between the private sectors of both countries, particularly in Al-Ahsa. Alternative Investments UAE secures top sovereign credit ratings from major agencies News Aggregation Team Friday, June 27, 2025 1:00 am http://middleeast.managersofwealth.com/article/49904/uae-secures-top-sovereign-credit-ratings-from-major-agencies Three major global credit rating agencies underscores the UAE’s robust fiscal standing, positioning it among a select group of countries globally with strong sovereign credit ratings across the board Alternative Investments Howden announces its entry into the Kingdom of Saudi Arabia to drive strategic growth opportunities News Team Thursday, June 26, 2025 1:00 am http://middleeast.managersofwealth.com/article/49898/howden-announces-its-entry-into-the-kingdom-of-saudi-arabia-to-drive-strategic-growth-opportunities Appointment of Motaz Bukhari as CEO, Howden Re, Kingdom of Saudi Arabia Alternative Investments Family Office Summit’s Obediah Ayton on trends impacting generational wealth transfer News Aggregation Team Thursday, July 03, 2025 1:00 am http://middleeast.managersofwealth.com/article/49927/family-office-summitamprsquos-obediah-ayton-on-trends-impacting-generational-wealth-transfer The chair of the summit shares insights, ranging from next-gen leadership and gender diversity to wealth tech and sustainability Wealth & Asset Management Dubai Beckons: Bugatti Towers and Billion-Dollar Funds Emerge News Aggregation Team Monday, June 30, 2025 1:00 am http://middleeast.managersofwealth.com/article/49907/dubai-beckons-bugatti-towers-and-billion-dollar-funds-emerge Among them is a well-known luxury real estate developer from Dubai. Wealth & Asset Management The Great Wealth Flight: Millionaires Relocate in Record Numbers News Team Thursday, June 26, 2025 1:00 am http://middleeast.managersofwealth.com/article/49893/the-great-wealth-flight-millionaires-relocate-in-record-numbers Far from a statistical curiosity, this mass movement of millionaires represents the largest voluntary transfer of private capital in modern history. Wealth & Asset Management Global Wealth Office at Nest Seekers International Unveils Dubai Expansion: Establishing the Middle East as a Commanding Force in Global Wealth Leadership News Team Thursday, June 26, 2025 1:00 am http://middleeast.managersofwealth.com/article/49894/global-wealth-office-at-nest-seekers-international-unveils-dubai-expansion-establishing-the-middle-east-as-a-commanding-force-in-global-wealth-leadership This milestone reinforces Global Wealth Office’s commitment to the Middle East as a global hub—accelerating UAE–U.S. capital flows, advancing strategic investments, and attracting high-value global investors through seamlessly integrated Wealth & Asset Management Former UAE bankers get into wealth management as more millionaires take up residence News Aggregation Team Wednesday, June 25, 2025 1:00 am http://middleeast.managersofwealth.com/article/49891/former-uae-bankers-get-into-wealth-management-as-more-millionaires-take-up-residence 'Around 30,000 ultra-rich will call UAE home in next 5 years', says Wealthbrix's Khanna Wealth & Asset Management Hoxton Wealth Gains Approval to Operate in DIFC News Team Wednesday, June 25, 2025 1:00 am http://middleeast.managersofwealth.com/article/49892/hoxton-wealth-gains-approval-to-operate-in-difc This is a significant stamp of legitimacy and opens doors for more robust operations and client engagement in the region. Wealth & Asset Management Private Banking from BankDhofar: A bespoke financial experience for the Sultanate’s most discerning clients News Team Tuesday, June 24, 2025 1:00 am http://middleeast.managersofwealth.com/article/49877/private-banking-from-bankdhofar-a-bespoke-financial-experience-for-the-sultanateamprsquos-most-discerning-clients Segment has continued to set new standards in an increasingly automated financial landscape Wealth & Asset Management Wealthbrix launches in DIFC with eight-figure investment backing, experienced board, and a commitment to elevate regional wealth management News Team Tuesday, June 24, 2025 1:00 am http://middleeast.managersofwealth.com/article/49882/wealthbrix-launches-in-difc-with-eight-figure-investment-backing-experienced-board-and-a-commitment-to-elevate-regional-wealth-management This launch comes at a pivotal moment for wealth managers. Wealth & Asset Management Hawksford shows commitment to UAE market through DMCC agreement News Team Monday, June 23, 2025 1:00 am http://middleeast.managersofwealth.com/article/49870/hawksford-shows-commitment-to-uae-market-through-dmcc-agreement Working closely with its well-established teams in the UK and Singapore, the agreement will also see Hawksford support greater trade flows across the UK-GCC-ASEAN corridor. Wealth & Asset Management How European family offices are reallocating capital towards the UAE News Aggregation Team Monday, June 23, 2025 1:00 am http://middleeast.managersofwealth.com/article/49878/how-european-family-offices-are-reallocating-capital-towards-the-uae The UAE imposes no personal income tax, capital gains tax, or inheritance tax Wealth & Asset Management Commercial Bank awarded ‘Most Innovative Use of AI Technology’ News Aggregation Team Friday, July 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49934/commercial-bank-awarded-amplsquomost-innovative-use-of-ai-technologyamprsquo With AI woven into its strategy, Commercial Bank is enhancing product areas, targeting customer segments, and streamlining operations. FinTech Middle East digital transformation prompts digital ID adoption and partnership News Aggregation Team Thursday, July 03, 2025 1:00 am http://middleeast.managersofwealth.com/article/49928/middle-east-digital-transformation-prompts-digital-id-adoption-and-partnership This partnership represents a significant step in our international expansion strategy,” said Siobhan Morey-Millington, sales director at Intercede. FinTech Standard Chartered and Bahrain FinTech Bay select ten female-led startups for the sixth cohort of Futuremakers Women in Tech Programme News Team Wednesday, July 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49919/standard-chartered-and-bahrain-fintech-bay-select-ten-female-led-startups-for-the-sixth-cohort-of-futuremakers-women-in-tech-programme This initiative continues to serve as a launchpad for women entrepreneurs driving innovation and impact across key sectors in the Kingdom FinTech Arab Bank adopts digital ID via Sanad app, first of Its kind in Jordan News Aggregation Team Wednesday, July 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49920/arab-bank-adopts-digital-id-via-sanad-app-first-of-its-kind-in-jordan The move is part of Arab Bank’s ongoing commitment to driving digital transformation with maximum speed, efficiency, and security. FinTech Orange Jordan and Future Skills Fund are preparing to launch the "Fiber Academy" Program News Team Wednesday, July 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49922/orange-jordan-and-future-skills-fund-are-preparing-to-launch-the-ampquotfiber-academyampquot-program This step reflects the company’s ongoing commitment to empowering Jordanian youth FinTech DubaiNow app users can now access their credit report, credit score News Aggregation Team Tuesday, July 01, 2025 1:00 am http://middleeast.managersofwealth.com/article/49913/dubainow-app-users-can-now-access-their-credit-report-credit-score Etihad Credit Bureau’s integration with DubaiNow follows earlier efforts such as its service linkage with TAMM Abu Dhabi FinTech QBS Software accelerates Middle-East growth with the acquisition of EMT Dubai News Team Tuesday, July 01, 2025 1:00 am http://middleeast.managersofwealth.com/article/49915/qbs-software-accelerates-middle-east-growth-with-the-acquisition-of-emt-dubai Strategic deal adds a UAE hub, deepens regional expertise and propels the value-added distributor toward the US $1 billion revenue milestone FinTech OPSWAT and SentinelOne enter OEM partnership to further strengthen multi-layered malware detection with AI News Team Monday, June 30, 2025 1:00 am http://middleeast.managersofwealth.com/article/49912/opswat-and-sentinelone-enter-oem-partnership-to-further-strengthen-multi-layered-malware-detection-with-ai The addition of SentinelOne’s AI detection capabilities equips OPSWAT customers with faster detection and better coverage across modern infrastructure FinTech Qatar’s payment system registers 54 million transactions worth QR15.280bn in May: QCB News Aggregation Team Friday, June 27, 2025 1:00 am http://middleeast.managersofwealth.com/article/49906/qataramprsquos-payment-system-registers-54-million-transactions-worth-qr15280bn-in-may-qcb QCB’s innovative instant payment service ‘Fawran’ aims to develop a digital payment ecosystem in the country. FinTech Orange Jordan announces the winners of the 2025 "Inspiring Change" Award for female entrepreneurs News Team Wednesday, June 25, 2025 1:00 am http://middleeast.managersofwealth.com/article/49889/orange-jordan-announces-the-winners-of-the-2025-ampquotinspiring-changeampquot-award-for-female-entrepreneurs With the support of Capital Bank and in partnership with Int@j FinTech New Milestone for Al Baraka Bank Egypt: Four prestigious awards from EMEA Finance Cement its leadership in Islamic Finance News Team Wednesday, July 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49925/new-milestone-for-al-baraka-bank-egypt-four-prestigious-awards-from-emea-finance-cement-its-leadership-in-islamic-finance The diversity of awards highlights the bank’s excellence in structured and syndicated finance and Asset Based Securitisation Islamic Finance BIBF launches a new series of professional micro-credentials in Islamic finance News Team Tuesday, June 24, 2025 1:00 am http://middleeast.managersofwealth.com/article/49883/bibf-launches-a-new-series-of-professional-micro-credentials-in-islamic-finance Supporting Bahrain’s position as a leading hub for Islamic banking Islamic Finance ADIB participates in the “Midday Break” initiative in collaboration with the Ministry of Human Resources and Emiratisation News Team Thursday, June 19, 2025 1:00 am http://middleeast.managersofwealth.com/article/49857/adib-participates-in-the-ampldquomidday-breakamprdquo-initiative-in-collaboration-with-the-ministry-of-human-resources-and-emiratisation Initiative enforces a midday work ban to safeguard labourers during peak heat hours Islamic Finance Leonteq partners with Emirates Islamic on Shari’a products News Aggregation Team Monday, June 16, 2025 1:00 am http://middleeast.managersofwealth.com/article/49833/leonteq-partners-with-emirates-islamic-on-shariamprsquoa-products Swiss fintech firm Leonteq teams up with UAE’s Emirates Islamic to deliver bespoke Shari’a-compliant structured products. Islamic Finance Islamic finance assets up 4.1% in 2024, reaching QR683bn News Aggregation Team Wednesday, June 11, 2025 1:00 am http://middleeast.managersofwealth.com/article/49810/islamic-finance-assets-up-41-in-2024-reaching-qr683bn Islamic finance assets in the State of Qatar experienced a 4.1 percent growth in 2024, reaching QR683bn ($187bn). Islamic Finance Emirates Islamic to delist from DFM on June 10 News Aggregation Team Tuesday, June 10, 2025 1:00 am http://middleeast.managersofwealth.com/article/49807/emirates-islamic-to-delist-from-dfm-on-june-10 EIB has instructed DFM to suspend trading of its shares Islamic Finance Saudi National Bank issues 5-year riyal sukuk worth $461mln at 6% News Aggregation Team Monday, June 09, 2025 1:00 am http://middleeast.managersofwealth.com/article/49794/saudi-national-bank-issues-5-year-riyal-sukuk-worth-461mln-at-6 The 5-year perpetual sukuk will be used to boost its capital Islamic Finance Dubai Islamic Bank launches third cohort of Emirati Development Program News Aggregation Team Friday, June 06, 2025 1:00 am http://middleeast.managersofwealth.com/article/49791/dubai-islamic-bank-launches-third-cohort-of-emirati-development-program The bank has over 10,000 staff working across offices and branches across the UAE. Islamic Finance QIB Named Islamic Bank of the Year in the Middle East by The Banker News Team Wednesday, June 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49776/qib-named-islamic-bank-of-the-year-in-the-middle-east-by-the-banker The award comes as QIB continues to strengthen its position as one of the most efficient and digitally advanced Islamic banks in the region Islamic Finance Qatar Islamic Bank mandates for USD 5-year sukuk News Aggregation Team Tuesday, June 03, 2025 1:00 am http://middleeast.managersofwealth.com/article/49766/qatar-islamic-bank-mandates-for-usd-5-year-sukuk The sukuk will be issued by QIB Sukuk Ltd. under the $5bln trust certificate issuance programme Islamic Finance UBF: Etihad Credit Bureau a key pillar of sustainable development News Team Friday, July 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49931/ubf-etihad-credit-bureau-a-key-pillar-of-sustainable-development Consolidating the country’s position as a global financial and commercial centre Research, Comment and Analysis Gulf Business Awards 2025: Nominations, registration details revealed News Aggregation Team Friday, July 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49933/gulf-business-awards-2025-nominations-registration-details-revealed This event will once again honour the companies and individuals shaping the Gulf’s economic and business landscape Research, Comment and Analysis Lebanon’s economy to benefit from World Bank’s $250m recovery boost News Aggregation Team Thursday, June 26, 2025 1:00 am http://middleeast.managersofwealth.com/article/49897/lebanonamprsquos-economy-to-benefit-from-world-bankamprsquos-250m-recovery-boost The project follows a phased approach to address response Research, Comment and Analysis New KPMG study emphasizes need for robust internal controls and monitoring systems to combat rise in corporate fraud in MENA News Team Wednesday, June 25, 2025 1:00 am http://middleeast.managersofwealth.com/article/49887/new-kpmg-study-emphasizes-need-for-robust-internal-controls-and-monitoring-systems-to-combat-rise-in-corporate-fraud-in-mena Across the wider region, more than 223,000 digital assets remain vulnerable to cyberattacks Research, Comment and Analysis UAE will attract more millionaires as Emirates remains safest country despite regional war News Aggregation Team Monday, June 23, 2025 1:00 am http://middleeast.managersofwealth.com/article/49874/uae-will-attract-more-millionaires-as-emirates-remains-safest-country-despite-regional-war After Russia, Ukraine, European and US migration, UAE will see the next wave of migration from the region, says migration expert Research, Comment and Analysis World Bank report lauds Oman's strong economic performance News Aggregation Team Monday, June 23, 2025 1:00 am http://middleeast.managersofwealth.com/article/49876/world-bank-report-lauds-omanamp039s-strong-economic-performance Additionally, Oman maintained low inflation at 0.6% in 2024, compared to the GCC average of 2%. Research, Comment and Analysis World’s largest password leak exposes 16 billion credentials News Aggregation Team Friday, June 20, 2025 1:00 am http://middleeast.managersofwealth.com/article/49868/worldamprsquos-largest-password-leak-exposes-16-billion-credentials Unprecedented breach threatens global digital security Research, Comment and Analysis Saudi Arabia ranks 17th globally in competitiveness index as it outshines economic heavyweights News Aggregation Team Thursday, June 19, 2025 1:00 am http://middleeast.managersofwealth.com/article/49860/saudi-arabia-ranks-17th-globally-in-competitiveness-index-as-it-outshines-economic-heavyweights Kingdom placed behind China in 16th and ahead of Australia in 18th place Research, Comment and Analysis S&P upgrades Alkhaleej Takaful Insurance credit rating to A- News Aggregation Team Wednesday, June 18, 2025 1:00 am http://middleeast.managersofwealth.com/article/49853/sampampp-upgrades-alkhaleej-takaful-insurance-credit-rating-to-a According to a statement published on the Qatar Stock Exchange website, the upgrade reflects the company’s strong operating performance, Research, Comment and Analysis UAE's Binghatti Launches Asset Management Unit With $1 Billion Target News Aggregation Team Tuesday, June 17, 2025 1:00 am http://middleeast.managersofwealth.com/article/49844/uaeamp039s-binghatti-launches-asset-management-unit-with-1-billion-target Binghatti Capital aims to attract institutional investors, high-net-worth individuals and family offices Research, Comment and Analysis Eurasian Development Bank raises funds on the UAE Capital Market to finance its investment projects in Central Asia News Team Thursday, July 03, 2025 1:00 am http://middleeast.managersofwealth.com/article/49930/eurasian-development-bank-raises-funds-on-the-uae-capital-market-to-finance-its-investment-projects-in-central-asia This pioneering issuance of AED 200 million was arranged by FAB in partnership with ADFD Investment Bank Mashreq expands global footprint with opening of representative office in Türkiye News Team Thursday, June 26, 2025 1:00 am http://middleeast.managersofwealth.com/article/49895/mashreq-expands-global-footprint-with-opening-of-representative-office-in-tampuumlrkiye With the new office, Mashreq now operates in 15 countries Investment Bank Citi presses revival in banking after making gains, despite exits: IFR News Aggregation Team Friday, June 13, 2025 1:00 am http://middleeast.managersofwealth.com/article/49824/citi-presses-revival-in-banking-after-making-gains-despite-exits-ifr Citi has ranked fifth for global investment banking fees in each of the last 12 years, according to LSEG data, which shows its broad strength, but also a failure to challenge the top three Investment Bank Alvarez & Marsal released Q1 2025 UAE Banking Pulse News Team Thursday, June 12, 2025 1:00 am http://middleeast.managersofwealth.com/article/49816/alvarez-ampamp-marsal-released-q1-2025-uae-banking-pulse The report analyses the performance of the UAE’s 10 largest listed banks, showing a strong start to the year marked by enhanced cost efficiency, rising non-interest income, and renewed M&A activity. Investment Bank Deutsche Bank secures ADGM license, expanding presence in UAE News Aggregation Team Thursday, May 22, 2025 1:00 am http://middleeast.managersofwealth.com/article/49716/deutsche-bank-secures-adgm-license-expanding-presence-in-uae Jean-Pierre Habis has been appointed as a senior manager for the new ADGM branch Investment Bank Beltone Investment Banking concludes EGP500mln securitized bond issuance for Jameel Finance-Egypt News Team Monday, May 19, 2025 1:00 am http://middleeast.managersofwealth.com/article/49691/beltone-investment-banking-concludes-egp500mln-securitized-bond-issuance-for-jameel-finance-egypt This transaction reinforces Beltone’s position as a leader in Egypt’s debt capital markets Investment Bank Standard Chartered opens representative office in Morocco News Team Thursday, May 15, 2025 1:00 am http://middleeast.managersofwealth.com/article/49674/standard-chartered-opens-representative-office-in-morocco New office located at the Casablanca Finance City Investment Bank Al Masraf reports net profit of AED 231mln in 2024 News Team Friday, May 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49600/al-masraf-reports-net-profit-of-aed-231mln-in-2024 Representing an Increase of 22% Investment Bank SICO named best investment bank in Bahrain News Team Tuesday, April 15, 2025 1:00 am http://middleeast.managersofwealth.com/article/49517/sico-named-best-investment-bank-in-bahrain For sixth consecutive year Investment Bank Dubai's Mashreq to work with Goldman Sachs to cater for rich clients News Aggregation Team Friday, April 11, 2025 1:00 am http://middleeast.managersofwealth.com/article/49498/dubaiamp039s-mashreq-to-work-with-goldman-sachs-to-cater-for-rich-clients Our strategic collaboration with Goldman Sachs represents a pivotal milestone in institutionalising our investment platform Investment Bank Qatar-based GAB becomes the first accreditation body from the MENA region to sign APAC's MRA for GHG Accreditation News Team Monday, June 23, 2025 1:00 am http://middleeast.managersofwealth.com/article/49872/qatar-based-gab-becomes-the-first-accreditation-body-from-the-mena-region-to-sign-apacamp039s-mra-for-ghg-accreditation Positions GAB as a key enabler in the MENA region for climate accountability and sustainability practices aligned with international standards Planet SOS NBK wins best bank for sustainable finance in Kuwait by Global Finance News Team Thursday, June 12, 2025 1:00 am http://middleeast.managersofwealth.com/article/49818/nbk-wins-best-bank-for-sustainable-finance-in-kuwait-by-global-finance Affirming its ESG leadership in Kuwait’s banking sector Planet SOS Gulf Bank completes sustainability governance infrastructure News Team Wednesday, January 22, 2025 12:00 am http://middleeast.managersofwealth.com/article/49086/gulf-bank-completes-sustainability-governance-infrastructure Reinforcing its environmental and social commitments Planet SOS Ahlibank reaffirms its Commitment to sustainability through the installation of solar energy systems at its headquarters News Team Tuesday, December 31, 2024 12:00 am http://middleeast.managersofwealth.com/article/48977/ahlibank-reaffirms-its-commitment-to-sustainability-through-the-installation-of-solar-energy-systems-at-its-headquarters This initiative is a milestone in the bank’s efforts to further its Environmental, Social, and Governance (ESG) objectives Planet SOS MENA’s transformative role in climate adaptation News Aggregation Team Friday, December 27, 2024 12:00 am http://middleeast.managersofwealth.com/article/48961/menaamprsquos-transformative-role-in-climate-adaptation This would translate to summer heat in parts of Algeria, Saudi Arabia and Iraq intensifying by up to 8 C by 2100, highlighting the dire implications of inaction for one of the world’s hottest regions. Planet SOS 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