Managers of Wealth - Middle East http://middleeast.managersofwealth.com/ Sat, 03 Jun 2023 16:25:14 BST part of MediaG8way Group http://middleeast.managersofwealth.com/ http://middleeast.managersofwealth.com/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP Bilal Mansoor joins tax consultancy WTS Dhruva Consultants News Aggregation Team Thursday, June 01, 2023 1:00 am http://middleeast.managersofwealth.com/article/45672/bilal-mansoor-joins-tax-consultancy-wts-dhruva-consultants At WTS Dhruva Consultants, a firm dedicated to taxation services, Mansoor will help equip the firm’s clients with “the necessary tools and strategies to effectively navigate the evolving regulatory and reporting challenges,” said Nimish On the Move IFC appoints Abdullah Jefri as Senior Manager for GCC countries News Team Thursday, June 01, 2023 1:00 am http://middleeast.managersofwealth.com/article/45675/ifc-appoints-abdullah-jefri-as-senior-manager-for-gcc-countries Abdullah was previously IFC’s regional manager for the Levant, where he oversaw a billion dollar-plus portfolio in a region including fragile and conflict-affected states such as Iraq, Lebanon, and Syria On the Move KPMG elects new board for Saudi Arabia, Jordan, Lebanon and Iraq News Aggregation Team Tuesday, May 30, 2023 1:00 am http://middleeast.managersofwealth.com/article/45660/kpmg-elects-new-board-for-saudi-arabia-jordan-lebanon-and-iraq In the Middle East, KPMG also has operations in numerous other countries, such as the United Arab Emirates, Bahrain, Egypt, and Qatar. On the Move AVEVA further strengthens executive leadership team with four new senior roles News Team Tuesday, May 30, 2023 1:00 am http://middleeast.managersofwealth.com/article/45661/aveva-further-strengthens-executive-leadership-team-with-four-new-senior-roles Sue Quense, currently AVEVA’s Senior Vice President of Americas, takes on the newly created role of Chief Commercial Officer On the Move Abu Dhabi's ADQ hires KPMG partner as portfolio investments director - sources News Aggregation Team Friday, May 19, 2023 1:00 am http://middleeast.managersofwealth.com/article/45588/abu-dhabiamp039s-adq-hires-kpmg-partner-as-portfolio-investments-director-sources ADQ, Abu Dhabi's third biggest sovereign wealth fund, has been hiring more bankers in the last two years as it steps up dealmaking in the United Arab Emirates and overseas On the Move Saudi Aramco promotes upstream, downstream heads to new president roles News Aggregation Team Friday, May 19, 2023 1:00 am http://middleeast.managersofwealth.com/article/45593/saudi-aramco-promotes-upstream-downstream-heads-to-new-president-roles Nassir Al-Naimi remains in charge of Aramco’s oil and gas production while Mohammed Al Qahtani will continue to run the refining and chemicals business On the Move Geneva family office adds Arab Bank veteran to advisory board News Aggregation Team Wednesday, May 17, 2023 1:00 am http://middleeast.managersofwealth.com/article/45567/geneva-family-office-adds-arab-bank-veteran-to-advisory-board Jean Kamitsis brings 43 years’ wealth management experience to NewOak. On the Move BNY Mellon Pershing Appoints Colin Murphy as Chief Commercial Officer in EMEA News Team Friday, May 12, 2023 1:00 am http://middleeast.managersofwealth.com/article/45537/bny-mellon-pershing-appoints-colin-murphy-as-chief-commercial-officer-in-emea He will lead BNY Mellon Pershing’s commercial teams in EMEA On the Move Citigroup plans to appoint a new CEO for Saudi operations News Aggregation Team Friday, May 12, 2023 1:00 am http://middleeast.managersofwealth.com/article/45538/citigroup-plans-to-appoint-a-new-ceo-for-saudi-operations Many expats are hesitant to move to Riyadh On the Move Nicky Dawson appointed to accelerate Arabian Gulf Business Insight’s commercial development News Team Wednesday, May 10, 2023 1:00 am http://middleeast.managersofwealth.com/article/45526/nicky-dawson-appointed-to-accelerate-arabian-gulf-business-insightamprsquos-commercial-development With more than 20 years of international commercial leadership experience across a range of senior roles, the addition of Dawson as key strategy consultant reaffirms the online platform’s commitment to growth and investment in the Middle East On the Move 7% boost in industrial licence renewals in 2022: Sharjah FDI Office News Aggregation Team Friday, June 02, 2023 1:00 am http://middleeast.managersofwealth.com/article/45682/7-boost-in-industrial-licence-renewals-in-2022-sharjah-fdi-office Remarkable growth signifies the enduring appeal that Sharjah holds for businesses Legal, Tax, Regulation & Compliance Corporate tax: UAE exempts free zones from business tax News Aggregation Team Friday, June 02, 2023 1:00 am http://middleeast.managersofwealth.com/article/45683/corporate-tax-uae-exempts-free-zones-from-business-tax The government said qualifying entities in the country’s economic free zones will be subject to a 0 per cent rate Legal, Tax, Regulation & Compliance Is UAE planning to introduce income tax? Top official responds News Aggregation Team Friday, June 02, 2023 1:00 am http://middleeast.managersofwealth.com/article/45684/is-uae-planning-to-introduce-income-tax-top-official-responds With corporate tax taking effect on June 1, the official also clarified that the scheme won't apply to the personal income of workers employed in government and private sectors Legal, Tax, Regulation & Compliance KPMG Lower Gulf strengthens tax advisory leadership News Team Wednesday, May 31, 2023 1:00 am http://middleeast.managersofwealth.com/article/45665/kpmg-lower-gulf-strengthens-tax-advisory-leadership With new Head of Tax, and Head of Transfer Pricing Legal, Tax, Regulation & Compliance How UAE businesses have prepared for corporate tax News Aggregation Team Wednesday, May 31, 2023 1:00 am http://middleeast.managersofwealth.com/article/45667/how-uae-businesses-have-prepared-for-corporate-tax Federal Tax Authority will be responsible for the administration, collection and enforcement of the tax Legal, Tax, Regulation & Compliance GIB signs credit facility agreement with Italy’s SAIPEM News Aggregation Team Wednesday, May 31, 2023 1:00 am http://middleeast.managersofwealth.com/article/45670/gib-signs-credit-facility-agreement-with-italyamprsquos-saipem An official signing ceremony was held at GIB KSA headquarters in Alkhobar. Legal, Tax, Regulation & Compliance Difference between VAT and corporate tax News Aggregation Team Tuesday, May 30, 2023 1:00 am http://middleeast.managersofwealth.com/article/45656/difference-between-vat-and-corporate-tax Corporate tax will be introduced in the UAE from June 1, with exemptions for some businesses and organisations Legal, Tax, Regulation & Compliance Saudi campaign against illegal insurance deals and fraud News Aggregation Team Monday, May 29, 2023 1:00 am http://middleeast.managersofwealth.com/article/45646/saudi-campaign-against-illegal-insurance-deals-and-fraud SR2 million fine and jail for doing unlicenced insurance business Legal, Tax, Regulation & Compliance Labuan IBFC Inc. and Qatar Financial Centre Authority enhance strategic partnership News Team Friday, May 26, 2023 1:00 am http://middleeast.managersofwealth.com/article/45635/labuan-ibfc-inc-and-qatar-financial-centre-authority-enhance-strategic-partnership Both parties have signed a renewed MoU to further collaborate on market development and promotional activities Legal, Tax, Regulation & Compliance Saudi Arabia signs energy cooperation deal with Azerbaijan News Aggregation Team Friday, May 26, 2023 1:00 am http://middleeast.managersofwealth.com/article/45639/saudi-arabia-signs-energy-cooperation-deal-with-azerbaijan Agreement outlines cooperation in the field of circular carbon economy and related technologies that seek to mitigate the impact of climate change. Legal, Tax, Regulation & Compliance Saudi banking sector growth driven by mortgages: report News Aggregation Team Thursday, June 01, 2023 1:00 am http://middleeast.managersofwealth.com/article/45673/saudi-banking-sector-growth-driven-by-mortgages-report The rating agency noted that the government still held significant deposits with the Saudi Central Bank, also known as SAMA, amounting to SR637.5 billion ($170 billion) at the end of 2022. Retail Banking UAE Central Bank issues rules to combat money laundering, terror financing News Aggregation Team Thursday, June 01, 2023 1:00 am http://middleeast.managersofwealth.com/article/45674/uae-central-bank-issues-rules-to-combat-money-laundering-terror-financing The guidelines align with the standards set by the Financial Action Task Force Retail Banking Doha Bank announces launch of sustainable finance framework News Aggregation Team Wednesday, May 31, 2023 1:00 am http://middleeast.managersofwealth.com/article/45666/doha-bank-announces-launch-of-sustainable-finance-framework Doha Bank is dedicated to fostering sustainable development and supporting the transition to a greener, more inclusive economy. Retail Banking Capital Bank of Jordan : Wins Two Prestigious Awards News Team Wednesday, May 31, 2023 1:00 am http://middleeast.managersofwealth.com/article/45669/capital-bank-of-jordan-wins-two-prestigious-awards Capital Bank has also invested heavily in digital innovation Retail Banking UAE banks’ Q1 profit surges 35%: Alvarez & Marsal News Aggregation Team Tuesday, May 30, 2023 1:00 am http://middleeast.managersofwealth.com/article/45654/uae-banksamprsquo-q1-profit-surges-35-alvarez-ampamp-marsal Incremental deposit growth outstripped credit growth for the first time since Q1’22 amidst monetary tightening Retail Banking Banque Misr to secure $260mln loan from IFC for MSMEs in Egypt News Aggregation Team Tuesday, May 30, 2023 1:00 am http://middleeast.managersofwealth.com/article/45655/banque-misr-to-secure-260mln-loan-from-ifc-for-msmes-in-egypt The loan is scheduled to be signed off on June 30th Retail Banking Omani banks set to benefit from improved conditions: Fitch News Aggregation Team Monday, May 29, 2023 1:00 am http://middleeast.managersofwealth.com/article/45644/omani-banks-set-to-benefit-from-improved-conditions-fitch Fitch noted that Omani banks emerged from the Covid-19 pandemic with reasonable credit fundamentals which place the sector in a good position for improving profitability in 2023 Retail Banking NBK-Egypt reports KD 6.9 million in net profits News Aggregation Team Monday, May 29, 2023 1:00 am http://middleeast.managersofwealth.com/article/45649/nbk-egypt-reports-kd-69-million-in-net-profits Al-Bahar emphasized that the continued growth of NBK-Egypt’s balance sheet Retail Banking Warba Bank, Radisson Blu partner to offer ‘zero-profit financing’ for event hall rentals News Aggregation Team Monday, May 29, 2023 1:00 am http://middleeast.managersofwealth.com/article/45650/warba-bank-radisson-blu-partner-to-offer-amplsquozero-profit-financingamprsquo-for-event-hall-rentals Musaed Al-Mazyad, Deputy Chief Retail Banking Officer at Warba Bank, expressed his enthusiasm for this agreement Retail Banking Bank Dhofar makes offer to acquire 100% of competitor Ahli Bank News Aggregation Team Thursday, May 25, 2023 1:00 am http://middleeast.managersofwealth.com/article/45630/bank-dhofar-makes-offer-to-acquire-100-of-competitor-ahli-bank The lender withdraws its merger offer and intends to pursue the takeover deal Retail Banking Innovative financing solutions attract firms to UAE amid global capital crunch News Aggregation Team Friday, June 02, 2023 1:00 am http://middleeast.managersofwealth.com/article/45681/innovative-financing-solutions-attract-firms-to-uae-amid-global-capital-crunch Global technology and aerospace companies including Thales and Baker Hughes praised the UAE’s ability to attract foreign direct investment and talent Alternative Investments Supporting the UAE’s road to net zero as countdown to Cop28 begins News Aggregation Team Friday, June 02, 2023 1:00 am http://middleeast.managersofwealth.com/article/45688/supporting-the-uaeamprsquos-road-to-net-zero-as-countdown-to-cop28-begins Climate technology innovation and a commitment to fund support green and transition projects are critical Alternative Investments First-quarter profit of UAE’s top 10 banks up 35% on lower impairments News Aggregation Team Tuesday, May 30, 2023 1:00 am http://middleeast.managersofwealth.com/article/45658/first-quarter-profit-of-uaeamprsquos-top-10-banks-up-35-on-lower-impairments Their aggregate net income hit $5 billion in the January-March period, consultancy Alvarez & Marsal says Alternative Investments Saudi: Bupa Arabia’s profits surge 122% in Q1-23 News Aggregation Team Monday, May 29, 2023 1:00 am http://middleeast.managersofwealth.com/article/45645/saudi-bupa-arabiaamprsquos-profits-surge-122-in-q1-23 The insurance revenues enlarged by 27.20% YoY Alternative Investments Aldar adds landscaping services to its growing property and facilities management platform through acquistion of Basatin News Aggregation Team Monday, May 29, 2023 1:00 am http://middleeast.managersofwealth.com/article/45651/aldar-adds-landscaping-services-to-its-growing-property-and-facilities-management-platform-through-acquistion-of-basatin Basatin adds another key business line to Aldar Estates’ growing platform of integrated property and facilities management services Alternative Investments Qatar Investment Authority invests further in marketing platform Insider News Aggregation Team Thursday, May 25, 2023 1:00 am http://middleeast.managersofwealth.com/article/45632/qatar-investment-authority-invests-further-in-marketing-platform-insider Now, we are looking to achieve unparalleled levels of growth with an M&A-focused strategy. Alternative Investments RAK Properties launches beachfront ‘Bayviews’residences in Mina Al Arab News Team Thursday, May 25, 2023 1:00 am http://middleeast.managersofwealth.com/article/45633/rak-properties-launches-beachfront-amplsquobayviewsamprsquoresidences-in-mina-al-arab Studios, one and two-bedroom units for buyers of all nationalities available for purchase from 26 May Alternative Investments Abu Dhabi ADNOC and TAQA award sustainable water project worth up to $2.4bln News Aggregation Team Wednesday, May 24, 2023 1:00 am http://middleeast.managersofwealth.com/article/45621/abu-dhabi-adnoc-and-taqa-award-sustainable-water-project-worth-up-to-24bln A consortium will hold 49% stake and arrange project financing Alternative Investments Qatar hopes to attract foreign asset managers through its new market-making program News Aggregation Team Wednesday, May 24, 2023 1:00 am http://middleeast.managersofwealth.com/article/45622/qatar-hopes-to-attract-foreign-asset-managers-through-its-new-market-making-program The report pointed out that the support of government policies in Qatar Alternative Investments ADNOC raises size of its logistics unit IPO on heavy demand News Aggregation Team Tuesday, May 23, 2023 1:00 am http://middleeast.managersofwealth.com/article/45609/adnoc-raises-size-of-its-logistics-unit-ipo-on-heavy-demand The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process Alternative Investments Mashreq Gears Up for a Far More Competitive and Dynamic UAE Wealth Market News Aggregation Team Tuesday, May 23, 2023 1:00 am http://middleeast.managersofwealth.com/article/45607/mashreq-gears-up-for-a-far-more-competitive-and-dynamic-uae-wealth-market He explains that the latest phase is intensive digitalisation, redefining the way they interact with clients, both in private banking as well as in priority banking, and indeed across the entire bank. Wealth & Asset Management Wealth Technologies: The Future of Wealth Management News Team Monday, May 22, 2023 1:00 am http://middleeast.managersofwealth.com/article/45596/wealth-technologies-the-future-of-wealth-management The lively and interactive panel discussions created opportunities for gripping discussions and conclusions to be reached regarding where the Wealthtech industry is seen to go. Wealth & Asset Management Ahlibank earns Best Private Bank in Oman award at Banking Excellence Awards 2023 News Team Wednesday, May 17, 2023 1:00 am http://middleeast.managersofwealth.com/article/45568/ahlibank-earns-best-private-bank-in-oman-award-at-banking-excellence-awards-2023 The award attests to ahlibank’s status as a leading player in the Sultanate, worthy of recognition for its continuous efforts to be a thriving center for banking Wealth & Asset Management The Family Office named best user experience solution provider in MEA Finance Banking Technology Awards 2023 News Team Tuesday, May 16, 2023 1:00 am http://middleeast.managersofwealth.com/article/45560/the-family-office-named-best-user-experience-solution-provider-in-mea-finance-banking-technology-awards-2023 The MEA Finance Banking Technology Awards 2023 recognize the commendable achievements of banks and technology businesses for their delivery of smarter banking solutions and ability to drive real growth in an increasingly competitive regional market Wealth & Asset Management Rothschild & Co advises on four winning deals, The Banker Deals of the Year News Team Tuesday, May 09, 2023 1:00 am http://middleeast.managersofwealth.com/article/45509/rothschild-ampamp-co-advises-on-four-winning-deals-the-banker-deals-of-the-year Four of our transactions were named Deals of the Year by The Banker Deals of the Year, which considered deals completed in the 12 months to March 2023. Wealth & Asset Management Ahlibank’s Al Nukhba customers enjoy exclusive wealth management services News Team Tuesday, May 09, 2023 1:00 am http://middleeast.managersofwealth.com/article/45514/ahlibankamprsquos-al-nukhba-customers-enjoy-exclusive-wealth-management-services It has, in a very short span of time, augmented its customer base with an impressive service credo and continues to forge ahead with regular upgrades Wealth & Asset Management Bank Muscat wins Best Private Bank Award from EMEA Finance News Aggregation Team Monday, May 08, 2023 1:00 am http://middleeast.managersofwealth.com/article/45508/bank-muscat-wins-best-private-bank-award-from-emea-finance The award sheds light on the professional standards achieved by the bank, in accordance with international standards and practices. Wealth & Asset Management Wealth manager sets up shop in Dubai News Team Wednesday, May 03, 2023 1:00 am http://middleeast.managersofwealth.com/article/45476/wealth-manager-sets-up-shop-in-dubai It already has offices in Saudi Arabia and Bahrain Wealth & Asset Management The Family Office expands its presence in the GCC region, inaugurating an office in Dubai’s DIFC News Team Tuesday, May 02, 2023 1:00 am http://middleeast.managersofwealth.com/article/45474/the-family-office-expands-its-presence-in-the-gcc-region-inaugurating-an-office-in-dubaiamprsquos-difc The new office will offer a wide range of wealth management services Wealth & Asset Management Goldman Lampe Private Bank Announces Record-Breaking Q1 Financial Results News Team Tuesday, May 02, 2023 1:00 am http://middleeast.managersofwealth.com/article/45473/goldman-lampe-private-bank-announces-record-breaking-q1-financial-results This exceptional growth is a testament to the bank's successful acquisition of new HNWI clients and the management of their substantial assets. Wealth & Asset Management Pay your bills through Bank Muscat Internet and Mobile Banking News Aggregation Team Friday, June 02, 2023 1:00 am http://middleeast.managersofwealth.com/article/45686/pay-your-bills-through-bank-muscat-internet-and-mobile-banking Bank Muscat’s continuously upgraded Internet and mobile banking services offer customers a fast, comfortable and secure banking experience. FinTech Unlocking the potential of the digital economy News Aggregation Team Thursday, June 01, 2023 1:00 am http://middleeast.managersofwealth.com/article/45671/unlocking-the-potential-of-the-digital-economy To accelerate this movement, Mastercard is partnering with companies such as e& that has recently launched e& money, the first digital wallet licensed by the Central Bank of the UAE. In markets like the UAE, our partners are using our more classic FinTech Chinese-speaking phishing ring behind latest fake fee scam targeting UAE News Team Thursday, June 01, 2023 1:00 am http://middleeast.managersofwealth.com/article/45677/chinese-speaking-phishing-ring-behind-latest-fake-fee-scam-targeting-uae Another campaign exposed – Group-IB FinTech Winklevoss twins seek UAE crypto licence after “hostility, lack of clarity” in US News Aggregation Team Thursday, June 01, 2023 1:00 am http://middleeast.managersofwealth.com/article/45678/winklevoss-twins-seek-uae-crypto-licence-after-ampldquohostility-lack-of-clarityamprdquo-in-us The twin co-founders of Gemini told Zawya they were encouraged by what they had seen on the ground in the UAE and will apply for a licence following meetings in both Dubai and Abu Dhabi FinTech KIB launches first Biometric Visa Card in Kuwait News Team Wednesday, May 31, 2023 1:00 am http://middleeast.managersofwealth.com/article/45662/kib-launches-first-biometric-visa-card-in-kuwait Designed for the Bank’s Black Banking segment customers FinTech SingleView launches open banking solutions at Seamless Middle East 2023 in Dubai News Aggregation Team Tuesday, May 30, 2023 1:00 am http://middleeast.managersofwealth.com/article/45653/singleview-launches-open-banking-solutions-at-seamless-middle-east-2023-in-dubai The company focused in this edition on showcasing its latest open banking solutions, among which is the ability to access bank data in real time. FinTech BM Fintech signs MoU with centre for AI innovation global News Aggregation Team Tuesday, May 30, 2023 1:00 am http://middleeast.managersofwealth.com/article/45659/bm-fintech-signs-mou-with-centre-for-ai-innovation-global The partnership between CEAI and BM Fintech aims to improve access to financial services for individuals and businesses in Qatar. FinTech AI can transform banking for the better News Aggregation Team Monday, May 29, 2023 1:00 am http://middleeast.managersofwealth.com/article/45647/ai-can-transform-banking-for-the-better AI will become more mainstream, more advanced and more embedded. FinTech First Abu Dhabi Bank Egypt launches ‘Access’ portal for electronic payments News Aggregation Team Monday, May 29, 2023 1:00 am http://middleeast.managersofwealth.com/article/45648/first-abu-dhabi-bank-egypt-launches-amplsquoaccessamprsquo-portal-for-electronic-payments The new electronic payment gateway embodies the capabilities of the bank and the parent group to lead the digital transformation process in the banking sector in Egypt FinTech Google to support AI research and sustainability solutions in the UAE News Team Friday, May 26, 2023 1:00 am http://middleeast.managersofwealth.com/article/45636/google-to-support-ai-research-and-sustainability-solutions-in-the-uae In collaboration with Mohammed Bin Zayed University of AI, Department of Municipalities and Transport in Abu Dhabi and Ministry of State for Artificial Intelligence, Digital Economy and Remote Work Applications FinTech Sharjah Chamber of Commerce continues trade mission in India, highlighting Sharjah’s promising investment opportunities News Team Wednesday, May 31, 2023 1:00 am http://middleeast.managersofwealth.com/article/45664/sharjah-chamber-of-commerce-continues-trade-mission-in-india-highlighting-sharjahamprsquos-promising-investment-opportunities SCCI delegation holds meeting with Federation of Indian Export Organisation Islamic Finance Ahlibank rewards top performers in retail banking for Q1 achievements News Team Monday, May 29, 2023 1:00 am http://middleeast.managersofwealth.com/article/45643/ahlibank-rewards-top-performers-in-retail-banking-for-q1-achievements As a follow-up to the recent announcement of its first quarter financial results Islamic Finance Banking sector is central in supporting development News Aggregation Team Wednesday, May 24, 2023 1:00 am http://middleeast.managersofwealth.com/article/45624/banking-sector-is-central-in-supporting-development He said that inflation in the current situation is imported inflation, meaning that its external causes are due to global geopolitical and economic factors. Islamic Finance Total assets of Islamic banks and windows rise by 10% News Aggregation Team Monday, May 22, 2023 1:00 am http://middleeast.managersofwealth.com/article/45604/total-assets-of-islamic-banks-and-windows-rise-by-10 The total balance of financing granted by the Sharia-compliant banking entities in Oman engaged in this activity increased by 13.4 percent to reach about OMR5.6 billion. Islamic Finance Islamic banking growth outpaces conventional banks in the UAE News Aggregation Team Friday, May 19, 2023 1:00 am http://middleeast.managersofwealth.com/article/45586/islamic-banking-growth-outpaces-conventional-banks-in-the-uae Sector's liquidity supported by wider availability of Islamic instruments compared to most other countries, Fitch Ratings says Islamic Finance Saudi Arabia selling two-tranche dollar sukuk News Aggregation Team Tuesday, May 16, 2023 1:00 am http://middleeast.managersofwealth.com/article/45559/saudi-arabia-selling-two-tranche-dollar-sukuk The world’s top oil exporter last tapped the public debt markets in January, raising $10 billion with three-tranche conventional bonds. Islamic Finance Islamic Development Bank Group signs financing deals worth $5.4b News Aggregation Team Monday, May 15, 2023 1:00 am http://middleeast.managersofwealth.com/article/45550/islamic-development-bank-group-signs-financing-deals-worth-54b The signed agreements cover the fields of healthcare, agriculture, food security, small and medium enterprises, education, and humanitarian support. Islamic Finance IsDB Group Private Sector Institutions organized the 11th Edition of the “Private Sector Forum" News Team Monday, May 15, 2023 1:00 am http://middleeast.managersofwealth.com/article/45555/isdb-group-private-sector-institutions-organized-the-11th-edition-of-the-ampldquoprivate-sector-forumampquot Event held in Jeddah, Saudi Arabia from 11-13 May 2023 Islamic Finance UAE’s Islamic Treasury Sukuk oversubscribed 7.6 times, receives bids worth Dh8.3 billion News Aggregation Team Thursday, May 11, 2023 1:00 am http://middleeast.managersofwealth.com/article/45529/uaeamprsquos-islamic-treasury-sukuk-oversubscribed-76-times-receives-bids-worth-dh83-billion Final allocation of Dh550m Sukuk for 2-year tranche, and Dh550m for a 3-year tranche Islamic Finance Bank Nizwa and Buna partner to offer cross-border payments News Aggregation Team Tuesday, May 09, 2023 1:00 am http://middleeast.managersofwealth.com/article/45516/bank-nizwa-and-buna-partner-to-offer-cross-border-payments Bank Nizwa aims to expand its payment capabilities by leveraging Buna’s digital platform. Islamic Finance Standard Chartered: UAE exports projected to reach AED 2trln by 2030 News Team Thursday, June 01, 2023 1:00 am http://middleeast.managersofwealth.com/article/45679/standard-chartered-uae-exports-projected-to-reach-aed-2trln-by-2030 UAE to surpass global growth average with a strong annual growth Rate of 5.5 per cent Research, Comment and Analysis GCC institutional investors highlighted during economic forum in Jordan News Team Wednesday, May 31, 2023 1:00 am http://middleeast.managersofwealth.com/article/45663/gcc-institutional-investors-highlighted-during-economic-forum-in-jordan The fourth International Conference for Francophone Investors was held in the Dead Sea in Jordan, under the patronage of His Majesty, King Abdullah II of Jordan Research, Comment and Analysis Why the GCC’s wealthy are seeking sustainable investments News Aggregation Team Tuesday, May 30, 2023 1:00 am http://middleeast.managersofwealth.com/article/45652/why-the-gccamprsquos-wealthy-are-seeking-sustainable-investments Investors realise that incorporating ethical criteria into investments will lead to better returns and reduced risk Research, Comment and Analysis Saudi Arabia's special economic zones 'pivotal' to its future as an investment destination News Aggregation Team Tuesday, May 30, 2023 1:00 am http://middleeast.managersofwealth.com/article/45657/saudi-arabiaamp039s-special-economic-zones-amp039pivotalamp039-to-its-future-as-an-investment-destination The kingdom recorded more than $266.6bn in investment in 2022, Minister of Investment says Research, Comment and Analysis KPMG Kuwait finds how HR Pathfinders are reinventing people management amid uncertainty News Team Friday, May 26, 2023 1:00 am http://middleeast.managersofwealth.com/article/45637/kpmg-kuwait-finds-how-hr-pathfinders-are-reinventing-people-management-amid-uncertainty The future of HR: From flux to flow Research, Comment and Analysis Samer Abdallah (KPMG) on government innovation in Saudi Arabia News Aggregation Team Thursday, May 25, 2023 1:00 am http://middleeast.managersofwealth.com/article/45631/samer-abdallah-kpmg-on-government-innovation-in-saudi-arabia The Kingdom has dedicated a large part of its innovation efforts inwards and focused on digital government as a critical initiative. Research, Comment and Analysis Bankers See Asia-Middle East Dual Listings as a Budding Trend News Aggregation Team Wednesday, May 24, 2023 1:00 am http://middleeast.managersofwealth.com/article/45617/bankers-see-asia-middle-east-dual-listings-as-a-budding-trend The Saudi stock exchange has been particularly active in seeking to foster international ties, signing pacts with both the Hong Kong and Singapore bourses this year to cooperate in areas such as cross listings. Research, Comment and Analysis Saudi Arabia’s banking sector set for further gains News Aggregation Team Wednesday, May 24, 2023 1:00 am http://middleeast.managersofwealth.com/article/45619/saudi-arabiaamprsquos-banking-sector-set-for-further-gains Combined, Saudi’s banks recorded a 14% rise in profits compared to the previous 12 months. Research, Comment and Analysis Dubai’s debt burden to drop to 51% in 2023, says S&P Global News Aggregation Team Tuesday, May 23, 2023 1:00 am http://middleeast.managersofwealth.com/article/45610/dubaiamprsquos-debt-burden-to-drop-to-51-in-2023-says-sampampp-global The government’s debt stock could fall even faster if the reduction in nominal debt continues over the coming years Research, Comment and Analysis 17% increase in rate of Saudi ultra-high-net-worth individuals in 2022 News Aggregation Team Monday, May 22, 2023 1:00 am http://middleeast.managersofwealth.com/article/45597/17-increase-in-rate-of-saudi-ultra-high-net-worth-individuals-in-2022 Saudi Arabia will achieve an annual growth rate of 10.4% in the process of making wealthy people Research, Comment and Analysis UAE bank investments hit record high of Dhs541bn in February News Aggregation Team Friday, May 19, 2023 1:00 am http://middleeast.managersofwealth.com/article/45594/uae-bank-investments-hit-record-high-of-dhs541bn-in-february The CBUAE update showed a year-on-year growth of 15.2 per cent over the same period last year Investment Bank Bank Muscat honoured with 2 prestigious awards by Arab Federation of Capital Markets News Aggregation Team Friday, May 12, 2023 1:00 am http://middleeast.managersofwealth.com/article/45544/bank-muscat-honoured-with-2-prestigious-awards-by-arab-federation-of-capital-markets Bank Muscat has a successful track record of providing innovative and customized financing solutions to suit the unique requirements of its customers. Investment Bank AIIB to open first overseas office in Abu Dhabi, UAE News Team Thursday, April 20, 2023 1:00 am http://middleeast.managersofwealth.com/article/45404/aiib-to-open-first-overseas-office-in-abu-dhabi-uae ADFD mandated to represent the UAE on the Bank's Board and to actively participate in its periodic meetings Investment Bank Deutsche Bank lands ECM Bank of the Year For Primary Capital Raising in GlobalCapital’s 2022 EMEA ECM Awards News Team Wednesday, April 12, 2023 1:00 am http://middleeast.managersofwealth.com/article/45347/deutsche-bank-lands-ecm-bank-of-the-year-for-primary-capital-raising-in-globalcapitalamprsquos-2022-emea-ecm-awards The GlobalCapital Awards are the only bespoke awards dedicated to equity capital markets in the EMEA region. Investment Bank EFG Hermes concludes advisory on HSB fourth, EGP 250mln senior unsecured short-term note issuance News Team Wednesday, April 12, 2023 1:00 am http://middleeast.managersofwealth.com/article/45356/efg-hermes-concludes-advisory-on-hsb-fourth-egp-250mln-senior-unsecured-short-term-note-issuance The first issuance in a newly approved, two-year program worth EGP 2 billion Investment Bank EFG Hermes concludes landmark advisory on $244 million IPO of Abraj Energy Services News Aggregation Team Wednesday, March 15, 2023 12:00 am http://middleeast.managersofwealth.com/article/45178/efg-hermes-concludes-landmark-advisory-on-244-million-ipo-of-abraj-energy-services IPO a key milestone in line with Oman’s 2040 vision Investment Bank EFG Hermes concludes advisory on Al Taamir Mortgage Finance News Team Wednesday, March 08, 2023 12:00 am http://middleeast.managersofwealth.com/article/45130/efg-hermes-concludes-advisory-on-al-taamir-mortgage-finance Al Oula’s first securitization issuance worth EGP 998.5 million Investment Bank Al Baraka Group’s 2022 net profit increases by 52% to $239mln News Team Wednesday, February 22, 2023 12:00 am http://middleeast.managersofwealth.com/article/45021/al-baraka-groupamprsquos-2022-net-profit-increases-by-52-to-239mln Out of which US$143mln attributable to shareholders Investment Bank HSBC embarks on Saudi Arabia hiring spree amid deals boom News Aggregation Team Monday, February 06, 2023 12:00 am http://middleeast.managersofwealth.com/article/44901/hsbc-embarks-on-saudi-arabia-hiring-spree-amid-deals-boom HSBC declined to comment on how many such bankers it already employs in Saudi Arabia. Investment Bank Emirates Investment Bank to seek shareholder approval to raise capital base to Dh1b News Aggregation Team Wednesday, January 25, 2023 12:00 am http://middleeast.managersofwealth.com/article/44830/emirates-investment-bank-to-seek-shareholder-approval-to-raise-capital-base-to-dh1b Private bank had slipped into losses of Dh35m in first nine months of 2022 Investment Bank UAE Central Bank considers continued support for banks and economic recovery beyond mid-2022 News Aggregation Team Friday, March 25, 2022 12:00 am http://middleeast.managersofwealth.com/article/42483/uae-central-bank-considers-continued-support-for-banks-and-economic-recovery-beyond-mid-2022 The UAE Central Bank highlighted that it is closely monitoring the evolving situation globally and stands ready to take additional measures, if necessary Covid-19 Abu Dhabi updates event rules as omicron spreads News Aggregation Team Monday, December 27, 2021 12:00 am http://middleeast.managersofwealth.com/article/41334/abu-dhabi-updates-event-rules-as-omicron-spreads Venues hosting social events such as weddings, funerals and family gatherings must cap occupancy at 60 percent Covid-19 How the pandemic has reinvented trade News Aggregation Team Monday, November 08, 2021 12:00 am http://middleeast.managersofwealth.com/article/40764/how-the-pandemic-has-reinvented-trade The demand for more seamless and end-to-end logistics services has risen dramatically to deal with market volatility Covid-19 UAE banks no longer require Covid support, says banking chief News Aggregation Team Monday, October 25, 2021 1:00 am http://middleeast.managersofwealth.com/article/40623/uae-banks-no-longer-require-covid-support-says-banking-chief Banks have taken adequate provisions from the early days of crisis. Covid-19 DHA announces reducing quarantine period for certain COVID-19 and close contact cases News Aggregation Team Wednesday, January 06, 2021 12:00 am http://middleeast.managersofwealth.com/article/37351/dha-announces-reducing-quarantine-period-for-certain-covid-19-and-close-contact-cases As for patients who are hospitalised due to developing moderate, severe or critical COVID-19 symptoms, they can only be discharged when they have tested negative in a PCR test two consecutive times that are 24 hours (or more) apart. Covid-19 Pandemic speeds up UAE’s transition to cashless ecosystem News Aggregation Team Wednesday, December 30, 2020 12:00 am http://middleeast.managersofwealth.com/article/37280/pandemic-speeds-up-uaeamprsquos-transition-to-cashless-ecosystem UAE residents also are among the top 10 globally when it comes to spending time on the internet and social media, averaging seven hours and 54 minutes daily Covid-19 Ten Ways Covid-19 Has Changed the World Economy Forever News Aggregation Team Wednesday, December 30, 2020 12:00 am http://middleeast.managersofwealth.com/article/37288/ten-ways-covid-19-has-changed-the-world-economy-forever Big government staged a comeback as the social contract between society and the state got rewritten on the fly. Covid-19 COVID-19 sees 36,447 new online stores launched in Saudi Arabia News Aggregation Team Thursday, December 17, 2020 12:00 am http://middleeast.managersofwealth.com/article/37132/covid-19-sees-36447-new-online-stores-launched-in-saudi-arabia As the economy moved online, there was a 171% surge in digital businesses and opportunities Covid-19 Economic outlook improves; UAE, Bahrain to get a boost from COVID-19 vaccine rollout News Aggregation Team Wednesday, December 16, 2020 12:00 am http://middleeast.managersofwealth.com/article/37112/economic-outlook-improves-uae-bahrain-to-get-a-boost-from-covid-19-vaccine-rollout But regional economies won't return to pre-crisis levels until second half of 2021: report Covid-19 Eight ways how Covid-19 is impacting the future of mobility News Aggregation Team Tuesday, December 15, 2020 12:00 am http://middleeast.managersofwealth.com/article/37098/eight-ways-how-covid-19-is-impacting-the-future-of-mobility The rise of personal mobility will be accelerated by Covid-19 for users using their own assets. For sharing solutions, there will be a temporary deceleration. Covid-19 UAE is a leader in renewable energy competitive auctions – IEA News Aggregation Team Friday, June 02, 2023 1:00 am http://middleeast.managersofwealth.com/article/45680/uae-is-a-leader-in-renewable-energy-competitive-auctions-ampndash-iea A new report said the emirates, along with European countries, India, the UAE, Korea and Brazil, is among the leading participants in auctions for clean power supplies Planet SOS Internal Auditors told to embrace sustainability and environmental protection News Team Friday, May 26, 2023 1:00 am http://middleeast.managersofwealth.com/article/45638/internal-auditors-told-to-embrace-sustainability-and-environmental-protection Abdulqader’s statement and recommendations to internal audit professionals in the UAE came at the conclusion of the three-day 21st Annual Regional Audit Conference Planet SOS UAE has repeatedly shown climate leadership, says OPEC Secretary General News Aggregation Team Tuesday, May 23, 2023 1:00 am http://middleeast.managersofwealth.com/article/45608/uae-has-repeatedly-shown-climate-leadership-says-opec-secretary-general Reality is that oil and gas will continue to be an integral part of the energy mix for the foreseeable future Planet SOS NEOM firm exploring ‘uncharted territory’ to make world’s largest green hydrogen plant a reality: CEO News Aggregation Team Tuesday, May 23, 2023 1:00 am http://middleeast.managersofwealth.com/article/45614/neom-firm-exploring-amplsquouncharted-territoryamprsquo-to-make-worldamprsquos-largest-green-hydrogen-plant-a-reality-ceo He acknowledges that projects of this scale come with challenges but “we have already hired some great talent.” Planet SOS 20% reduction in nitrogen oxide emissions in UAE: Study News Aggregation Team Thursday, May 18, 2023 1:00 am http://middleeast.managersofwealth.com/article/45585/20-reduction-in-nitrogen-oxide-emissions-in-uae-study The findings were based on data from 2020, highlighting a noteworthy decline in nitrogen oxide emissions compared to the recorded data from 2015 Planet SOS Masdar signs sustainable aviation fuel development agreement with Airbus News Aggregation Team Wednesday, May 17, 2023 1:00 am http://middleeast.managersofwealth.com/article/45573/masdar-signs-sustainable-aviation-fuel-development-agreement-with-airbus The companies will also collaborate on development green hydrogen Planet SOS AI research and development central to UAE’s economic diversification, sustainable growth and global competitiveness strategy – COP28 President-Designate News Team Tuesday, May 02, 2023 1:00 am http://middleeast.managersofwealth.com/article/45469/ai-research-and-development-central-to-uaeamprsquos-economic-diversification-sustainable-growth-and-global-competitiveness-strategy-ampndash-cop28-president-designate UAE to capitalize on opportunities of AI enabled industrial revolution to grow its economy and contribute to global challenges, including climate change Planet SOS Towards a greener world News Aggregation Team Thursday, April 27, 2023 1:00 am http://middleeast.managersofwealth.com/article/45452/towards-a-greener-world As a leading water bottle company, Mai Dubai promotes sustainable practices in its operations and facilities, bringing a positive change in the local community Planet SOS EWEC leading energy sector decarbonisation efforts and driving towards net zero News Aggregation Team Tuesday, April 25, 2023 1:00 am http://middleeast.managersofwealth.com/article/45431/ewec-leading-energy-sector-decarbonisation-efforts-and-driving-towards-net-zero This success is attributed to EWEC's rapidly growing portfolio of renewable and low-carbon intensive projects Planet SOS UAE President emphasises link between sustainable economic development and climate action for enhanced quality of life News Aggregation Team Friday, April 21, 2023 1:00 am http://middleeast.managersofwealth.com/article/45410/uae-president-emphasises-link-between-sustainable-economic-development-and-climate-action-for-enhanced-quality-of-life His Highness also emphasised that the UAE has placed climate action at the core of its strategy, with a focus on achieving sustainable economic and social growth while fulfilling its responsibility towards the environment and future generations Planet SOS