Managers of Wealth - Middle East http://middleeast.managersofwealth.com/ Sat, 29 Mar 2025 12:10:35 GMT part of MediaG8way Group http://middleeast.managersofwealth.com/ http://middleeast.managersofwealth.com/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP Hawksford cements Africa offering with strategic hire on the continent News Team Friday, March 28, 2025 12:00 am http://middleeast.managersofwealth.com/article/49423/hawksford-cements-africa-offering-with-strategic-hire-on-the-continent Simon’s appointment is central to our strategic ambitions in the African market. On the Move Amir appoints QFMA Board of Directors News Aggregation Team Thursday, March 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49420/amir-appoints-qfma-board-of-directors The decision is effective starting from the date of issue On the Move Capgemini executives appointed to key roles strengthening France-Egypt economic and digital ties News Team Tuesday, March 25, 2025 12:00 am http://middleeast.managersofwealth.com/article/49404/capgemini-executives-appointed-to-key-roles-strengthening-france-egypt-economic-and-digital-ties The Council plays a crucial role in enhancing economic relations by promoting bilateral trade and investment On the Move Former CEO of SCA to join BHM Capital board; Al Waqan buyout plan delayed News Aggregation Team Monday, March 24, 2025 12:00 am http://middleeast.managersofwealth.com/article/49392/former-ceo-of-sca-to-join-bhm-capital-board-al-waqan-buyout-plan-delayed Dr Maryam Butti Al Suwaidi is to join the financial services company’s board as vice chairman as it postpones a proposed acquisition of Al Waqan Capital Investment LLC On the Move FTI Consulting names Adrian Predoi as Middle East leader of Advisory & Transformation News Aggregation Team Friday, March 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49386/fti-consulting-names-adrian-predoi-as-middle-east-leader-of-advisory-ampamp-transformation He is an expert in program management, project controls, PMO and realizing program alignment to strategic and operational goals. On the Move IWBD appoints Sarah Safi to new Committee at Women in the Boardroom Annual Summit 2025 News Aggregation Team Friday, March 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49388/iwbd-appoints-sarah-safi-to-new-committee-at-women-in-the-boardroom-annual-summit-2025 Safi is Head of ESG and Sustainability at New Metrics, a leading consultancy firm in the Middle East. On the Move Gulf Bank appoints Bader Al-Ali as General Manager of Consumer Banking and Faisal Al-Gharabally as General Manager of International Banking News Team Thursday, March 20, 2025 12:00 am http://middleeast.managersofwealth.com/article/49374/gulf-bank-appoints-bader-al-ali-as-general-manager-of-consumer-banking-and-faisal-al-gharabally-as-general-manager-of-international-banking This step aligns with the Bank’s ongoing efforts to empower national talent and promote them to leadership positions On the Move David Kneeshaw to retire as IFGL CEO News Team Thursday, March 20, 2025 12:00 am http://middleeast.managersofwealth.com/article/49375/david-kneeshaw-to-retire-as-ifgl-ceo David’s successor as CEO has already been appointed and the details will be announced in April On the Move Qatar Stock Exchange appoints new CEO News Aggregation Team Wednesday, March 19, 2025 12:00 am http://middleeast.managersofwealth.com/article/49368/qatar-stock-exchange-appoints-new-ceo He also led a team specializing in market products, public and private assets. On the Move Franklin Templeton investment solutions expands team with new Solutions Portfolio Manager role in UAE News Team Wednesday, March 12, 2025 12:00 am http://middleeast.managersofwealth.com/article/49337/franklin-templeton-investment-solutions-expands-team-with-new-solutions-portfolio-manager-role-in-uae Appoints Gaurav Sharma as Solutions Portfolio Manager, CEEMEA for FTIS On the Move The BIBF, London Institute of Banking & Finance launch International Trade Risk Certificate Enhancing Bahraini professionals’ capabilities in trade finance News Team Thursday, March 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49414/the-bibf-london-institute-of-banking-ampamp-finance-launch-international-trade-risk-certificate-enhancing-bahraini-professionalsamprsquo-capabilities-in-trade-finance The CITR programme covers a broad range of essential topics, including risk assessment, trade risk analysis, and the development of effective risk mitigation strategies for international trade transactions. Legal, Tax, Regulation & Compliance Arab Bank Iraq’s Enterprise Banking enabled by BML Istisharat’s ICBS G5 Solution News Aggregation Team Thursday, March 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49418/arab-bank-iraqamprsquos-enterprise-banking-enabled-by-bml-istisharatamprsquos-icbs-g5-solution Financial institutions worldwide are investing in next-generation core banking solutions to streamline processes, integrate digital banking capabilities, and enable real-time transactions. Legal, Tax, Regulation & Compliance Kaspersky supports INTERPOL-led operation Red Card, resulting in over 300 arrests News Team Wednesday, March 26, 2025 12:00 am http://middleeast.managersofwealth.com/article/49408/kaspersky-supports-interpol-led-operation-red-card-resulting-in-over-300-arrests Aimed to disrupt cross-border criminal networks across the African regio Legal, Tax, Regulation & Compliance Kuwait’s Banking Sector Poised for Historic Mortgage Reform News Aggregation Team Wednesday, March 26, 2025 12:00 am http://middleeast.managersofwealth.com/article/49410/kuwaitamprsquos-banking-sector-poised-for-historic-mortgage-reform The pressing need to address this issue has prompted the government to consider major reforms to the housing program. Legal, Tax, Regulation & Compliance Turkish central bank to meet bank executives, banking sources say News Team Wednesday, March 26, 2025 12:00 am http://middleeast.managersofwealth.com/article/49411/turkish-central-bank-to-meet-bank-executives-banking-sources-say Turkish lira, stocks and bonds suffered heavy declines since Wednesday when Istanbul Mayor Ekrem Imamoglu, the main political rival to President Tayyip Erdogan, was detained. Legal, Tax, Regulation & Compliance Salam to Lebanese Executives in Saudi Arabia: No deposit write-offs, financial reforms to begin with IMF reengagement News Aggregation Team Monday, March 24, 2025 12:00 am http://middleeast.managersofwealth.com/article/49391/salam-to-lebanese-executives-in-saudi-arabia-no-deposit-write-offs-financial-reforms-to-begin-with-imf-reengagement During a meeting with a delegation from the Council of Lebanese Executives in Saudi Arabia, Salam described the government’s appointments mechanism—starting with the call for applications to CDR leadership—as a crucial entry point for re Legal, Tax, Regulation & Compliance BBVA confident on Sabadell bid approval, optimistic on Türkiye News Aggregation Team Thursday, March 20, 2025 12:00 am http://middleeast.managersofwealth.com/article/49379/bbva-confident-on-sabadell-bid-approval-optimistic-on-tampuumlrkiye Under Spanish law, the government cannot stop a bid from being made, but it has the final word on whether a merger goes ahead. Legal, Tax, Regulation & Compliance Executive, legislative authorities continue consultations on 2025-2026 state budget News Aggregation Team Thursday, March 20, 2025 12:00 am http://middleeast.managersofwealth.com/article/49381/executive-legislative-authorities-continue-consultations-on-2025-2026-state-budget The discussions also reviewed the priorities and projects proposed by government ministries for inclusion in the budget Legal, Tax, Regulation & Compliance FRA approves fintech integration for 8 non-banking financial, brokerage firms News Aggregation Team Wednesday, March 19, 2025 12:00 am http://middleeast.managersofwealth.com/article/49373/fra-approves-fintech-integration-for-8-non-banking-financial-brokerage-firms The FRA emphasized that this move aligns with its broader strategy to modernize and digitize non-banking financial services. Legal, Tax, Regulation & Compliance The Central Bank of Egypt hosts a specialized technical team in cybersecurity from the Central Bank of Tanzania News Aggregation Team Monday, March 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49359/the-central-bank-of-egypt-hosts-a-specialized-technical-team-in-cybersecurity-from-the-central-bank-of-tanzania This standing is manifested in the establishment and operation of the region’s first sectorial CERT Legal, Tax, Regulation & Compliance Lesha Bank acquires an indirect stake in Edinburgh airport News Team Friday, March 28, 2025 12:00 am http://middleeast.managersofwealth.com/article/49426/lesha-bank-acquires-an-indirect-stake-in-edinburgh-airport This investment aligns with the Bank’s strategic focus on resilient asset classes and marks the Bank’s entry into the global infrastructure investment market. Retail Banking Weyay Bank enhances customer digital experience with mobile app’s new update News Team Friday, March 28, 2025 12:00 am http://middleeast.managersofwealth.com/article/49428/weyay-bank-enhances-customer-digital-experience-with-mobile-appamprsquos-new-update The new mobile app update underscores the Bank's unwavering commitment to delivering cutting-edge, secure banking solutions that cater to the evolving needs of its customers in a rapidly digitalizing world Retail Banking Qatar: Ahlibank completes new bond issuance of $500mln for 5 years News Aggregation Team Thursday, March 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49416/qatar-ahlibank-completes-new-bond-issuance-of-500mln-for-5-years This is part of the guaranteed medium-term notes programme of $2bln guaranteed by the bank Retail Banking Oman Arab Bank offers 4% cashback to its credit card holders this Eid News Team Thursday, March 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49417/oman-arab-bank-offers-4-cashback-to-its-credit-card-holders-this-eid In celebration of the upcoming Eid al-Fitr Retail Banking Qatar Central Bank announces Eid Al Fitr holidays News Aggregation Team Thursday, March 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49419/qatar-central-bank-announces-eid-al-fitr-holidays This announcement is for all financial institutions Retail Banking Emirates Development Bank launches UAE’s first AI Lab for People of determination at Emirates Down Syndrome Association News Team Wednesday, March 26, 2025 12:00 am http://middleeast.managersofwealth.com/article/49406/emirates-development-bank-launches-uaeamprsquos-first-ai-lab-for-people-of-determination-at-emirates-down-syndrome-association EDB's 'UAE Develops with Kindness' Campaign Continues with Initiative Advancing Healthcare and Technology Retail Banking QDB unveils partial guarantee investment program to promote investment and empower Qatar’s private sector News Team Wednesday, March 26, 2025 12:00 am http://middleeast.managersofwealth.com/article/49407/qdb-unveils-partial-guarantee-investment-program-to-promote-investment-and-empower-qataramprsquos-private-sector The program aims to reduce financial risks, encouraging both individual investors and investment groups to invest in tech startups Retail Banking Commercial Bank embraces holy month with series of CSR initiatives across Qatar News Aggregation Team Wednesday, March 26, 2025 12:00 am http://middleeast.managersofwealth.com/article/49409/commercial-bank-embraces-holy-month-with-series-of-csr-initiatives-across-qatar The event took place at Bayt Al Waldah Restaurant in Old Doha Port, where the elders passed on their life experiences, particularly regarding tradition and culture, to their staff members. Retail Banking Boursa Kuwait approves distribution of over KD 16mln in cash dividends for 2024 at its Annual General Assembly News Team Tuesday, March 25, 2025 12:00 am http://middleeast.managersofwealth.com/article/49399/boursa-kuwait-approves-distribution-of-over-kd-16mln-in-cash-dividends-for-2024-at-its-annual-general-assembly Approval of the Board of Directors’ recommendation to distribute dividends of 82 fils per share Retail Banking ADCB credit rating upgraded to ‘A+’ by S&P driven by a strong financial position and high asset quality News Team Tuesday, March 25, 2025 12:00 am http://middleeast.managersofwealth.com/article/49400/adcb-credit-rating-upgraded-to-amplsquoaamprsquo-by-sampampp-driven-by-a-strong-financial-position-and-high-asset-quality Upgrade citing “sound earnings generation” places ADCB among three highest rated banks by S&P in the MENA region Retail Banking Crédit Agricole Egypt’s general assembly passes dividends for 2024 News Aggregation Team Friday, March 28, 2025 12:00 am http://middleeast.managersofwealth.com/article/49424/crampeacutedit-agricole-egyptamprsquos-general-assembly-passes-dividends-for-2024 The standalone net profit after tax jumped by 55.59% Alternative Investments BHM Capital achieves outstanding financial performance in 2024 News Team Friday, March 28, 2025 12:00 am http://middleeast.managersofwealth.com/article/49427/bhm-capital-achieves-outstanding-financial-performance-in-2024 Driven by Strong Revenue and Net Profit Growth Alternative Investments Egypt-based AAIB plans to launch services in Saudi Arabia News Aggregation Team Thursday, March 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49415/egypt-based-aaib-plans-to-launch-services-in-saudi-arabia The National Bank of Egypt (NBE) and Banque Misr already have branches in the Saudi capital, Riyadh Alternative Investments Price guidance out for New Development Bank’s 3-year dollar benchmark bond News Aggregation Team Wednesday, March 26, 2025 12:00 am http://middleeast.managersofwealth.com/article/49405/price-guidance-out-for-new-development-bankamprsquos-3-year-dollar-benchmark-bond The offering falls under NDB’s $50bln Euro Medium Term Note Programme Alternative Investments Seviora Group expands international footprint with the opening of its first office in the Middle East News Team Tuesday, March 25, 2025 12:00 am http://middleeast.managersofwealth.com/article/49402/seviora-group-expands-international-footprint-with-the-opening-of-its-first-office-in-the-middle-east Seviora's expansion into Abu Dhabi is a critical component in its growth trajectory and engagement with the region. Alternative Investments Azizi Developments partners with SAP for comprehensive digital transformation to support expansion drive News Team Monday, March 24, 2025 12:00 am http://middleeast.managersofwealth.com/article/49393/azizi-developments-partners-with-sap-for-comprehensive-digital-transformation-to-support-expansion-drive The developer is now adopting RISE with SAP and a range of SAP solutions for its operations, to enhance efficiency and leverage the latest AI capabilities Alternative Investments View from the top with Goldman Sachs’ Hilary Lopez News Aggregation Team Friday, March 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49382/view-from-the-top-with-goldman-sachsamprsquo-hilary-lopez Head of the EMEA third-party wealth business says her mission upon joining the company was to become one of the leading players in the region Alternative Investments March pensions to be disbursed next Monday, announced the GPSSA News Team Friday, March 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49383/march-pensions-to-be-disbursed-next-monday-announced-the-gpssa An increase of AED 52.9 million compared to the same month last year Alternative Investments GFH General Assembly approves 6.2% cash dividend and strategic capital enhancements News Team Friday, March 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49384/gfh-general-assembly-approves-62-cash-dividend-and-strategic-capital-enhancements The AGM resulted in shareholders endorsing the Board of Directors’ recommendations, which included allocating a dividend of 6.2% of the nominal value of all ordinary shares, except treasury shares, equating to USD 0.0164 per share Alternative Investments OECD predicts 3.8% economic growth for Saudi Arabia in 2025 News Aggregation Team Wednesday, March 19, 2025 12:00 am http://middleeast.managersofwealth.com/article/49367/oecd-predicts-38-economic-growth-for-saudi-arabia-in-2025 This forecast signals a turnaround for the Kingdom, positioning it as one of the fastest-growing economies within the G20 in the coming years. Alternative Investments Qatari Royals’ $100 Billion Private Bank Ramps Up Europe Hiring News Aggregation Team Thursday, March 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49421/qatari-royalsamprsquo-100-billion-private-bank-ramps-up-europe-hiring The firm currently has about 265 bankers and 170 investment professionals, according to its website. Wealth & Asset Management Nomura expands in Singapore, Dubai as wealth turns a profit News Aggregation Team Wednesday, March 12, 2025 12:00 am http://middleeast.managersofwealth.com/article/49331/nomura-expands-in-singapore-dubai-as-wealth-turns-a-profit The Tokyo-based firm is moving to a new office in Dubai that can accommodate up to 60 staff Wealth & Asset Management HSBC MENAT CEO pledges more investments to lead in wealth, capital markets News Aggregation Team Monday, March 10, 2025 12:00 am http://middleeast.managersofwealth.com/article/49317/hsbc-menat-ceo-pledges-more-investments-to-lead-in-wealth-capital-markets In an exclusive interview with Zawya, Selim Kervanci, HSBC’s newly appointed CEO for the Middle East, North Africa and Türkiye, expressed confidence that the bank can maintain its leadership position in ECM/DCM and investment banking in the reg Wealth & Asset Management Gulf investors will no longer go for formulaic wealth management advise News Aggregation Team Monday, March 10, 2025 12:00 am http://middleeast.managersofwealth.com/article/49323/gulf-investors-will-no-longer-go-for-formulaic-wealth-management-advise High networth clients will no longer sign up to more-of-the-same on wealth handling Wealth & Asset Management Julius Baer’s Kunal Sumaya on Dubai’s rise as an investment haven for NRIs News Aggregation Team Friday, March 07, 2025 12:00 am http://middleeast.managersofwealth.com/article/49309/julius-baeramprsquos-kunal-sumaya-on-dubaiamprsquos-rise-as-an-investment-haven-for-nris The COVID-19 pandemic further reinforced this shift, prompting more individuals to explore residency and investment opportunities abroad. Wealth & Asset Management Canaccord Wealth expands international footprint with Middle East office News Aggregation Team Thursday, March 06, 2025 12:00 am http://middleeast.managersofwealth.com/article/49302/canaccord-wealth-expands-international-footprint-with-middle-east-office SEO Richard Burden has 30 years’ experience working across Middle East and recently re-located to Dubai Wealth & Asset Management Standard Chartered expands UAE private banking team News Aggregation Team Tuesday, March 04, 2025 12:00 am http://middleeast.managersofwealth.com/article/49287/standard-chartered-expands-uae-private-banking-team The new team members will report to Nash Mithani, market head, private banking, UAE and head, Global South Asia Community. Wealth & Asset Management The Growth and Evolution of Independent Wealth Management in the UAE News Aggregation Team Monday, March 03, 2025 12:00 am http://middleeast.managersofwealth.com/article/49283/the-growth-and-evolution-of-independent-wealth-management-in-the-uae At a recent Hubbis forum in Dubai, industry leaders came together to discuss the trends, opportunities, and challenges shaping the sector. Wealth & Asset Management Dubai strengthens position as global wealth hub at Family Office Summit 2025 News Team Friday, February 28, 2025 12:00 am http://middleeast.managersofwealth.com/article/49277/dubai-strengthens-position-as-global-wealth-hub-at-family-office-summit-2025 Event brought together global visionaries, investors, and industry leaders managing over $1 trillion in assets Wealth & Asset Management Barclays Private Bank's UAE CEO: 'This is the year of execution' News Aggregation Team Wednesday, February 26, 2025 12:00 am http://middleeast.managersofwealth.com/article/49260/barclays-private-bankamp039s-uae-ceo-amp039this-is-the-year-of-executionamp039 The UAE business has performed well in terms of AUM growth since the pandemic made Dubai a hot destination for wealth migration, Barclays boss says. Wealth & Asset Management Bringing digital innovation & entrepreneurship to SME banking News Aggregation Team Friday, March 28, 2025 12:00 am http://middleeast.managersofwealth.com/article/49422/bringing-digital-innovation-ampamp-entrepreneurship-to-sme-banking Advanced data analytics and automation also ensure tailored, efficient, and accessible solutions, helping SME clients save time and focus on growth. FinTech Presight, Microsoft to nurture next generation of AI startups News Team Friday, March 28, 2025 12:00 am http://middleeast.managersofwealth.com/article/49425/presight-microsoft-to-nurture-next-generation-of-ai-startups The collaboration will empower startups by providing high-performance computing, access to cloud services, and exposure to foundational AI models FinTech 5G advanced in Saudi Arabia with launch of first live Cloud RAN site News Aggregation Team Wednesday, March 26, 2025 12:00 am http://middleeast.managersofwealth.com/article/49412/5g-advanced-in-saudi-arabia-with-launch-of-first-live-cloud-ran-site In January, Nokia announced it had partnered with Zain KSA to launch the first 4G/5G Femtocell solution in Saudi Arabia and the Middle East and Africa region FinTech Mercans partners with Deloitte to build a best-in-class quality and risk management framework News Team Tuesday, March 25, 2025 12:00 am http://middleeast.managersofwealth.com/article/49397/mercans-partners-with-deloitte-to-build-a-best-in-class-quality-and-risk-management-framework A strategic collaboration to reinforce compliance, quality, and risk excellence worldwide FinTech UAE's data center deal with France a notable step forward for region's AI infrastructure News Aggregation Team Monday, March 24, 2025 12:00 am http://middleeast.managersofwealth.com/article/49389/uaeamp039s-data-center-deal-with-france-a-notable-step-forward-for-regionamp039s-ai-infrastructure This is where data centres are emerging as a critical component of the ecosystem. FinTech Vision Bank becomes operational with Finastra's cloud-native, Islamic banking treasury solution News Aggregation Team Thursday, March 20, 2025 12:00 am http://middleeast.managersofwealth.com/article/49377/vision-bank-becomes-operational-with-finastraamp039s-cloud-native-islamic-banking-treasury-solution The cloud deployment aligns with Vision Bank's strategy of improving user experiences while meeting new market demands. FinTech AWS partners with Accenture to bring its Cloud Institute to KSA and UAE News Aggregation Team Tuesday, March 18, 2025 12:00 am http://middleeast.managersofwealth.com/article/49363/aws-partners-with-accenture-to-bring-its-cloud-institute-to-ksa-and-uae The KSA and UAE edition comprises a nine-course training program with both e-learning and live instructor-led sessions, and features over 150 interactive labs FinTech Crypto payments outfit Ripple secures key Dubai licence News Aggregation Team Monday, March 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49352/crypto-payments-outfit-ripple-secures-key-dubai-licence The entity, a leader in enterprise blockchain and crypto solutions, will be the first blockchain-enabled payments provider licensed by the DFSA FinTech SME BankDhofar partners with Smartech to launch advanced POS solutions for SMEs News Team Monday, March 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49356/sme-bankdhofar-partners-with-smartech-to-launch-advanced-pos-solutions-for-smes This helps businesses maintain accurate financial records and gain better control over their cash flow FinTech Doha Bank unveils fintech, innovation hub to drive QNV 2030 News Aggregation Team Monday, March 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49357/doha-bank-unveils-fintech-innovation-hub-to-drive-qnv-2030 Doha Bank’s award-winning digital portal has already established a strong foundation for fintech partnerships FinTech Emirates Islamic successfully issues $750mln 5 year Senior Unsecured Sukuk News Team Monday, March 24, 2025 12:00 am http://middleeast.managersofwealth.com/article/49396/emirates-islamic-successfully-issues-750mln-5-year-senior-unsecured-sukuk The Sukuk attracted a very strong order book in excess of USD 1.6 billion, resulting in a 2.1 times oversubscription rate Islamic Finance Gulf banks seal refinancing trades News Aggregation Team Wednesday, March 19, 2025 12:00 am http://middleeast.managersofwealth.com/article/49369/gulf-banks-seal-refinancing-trades Emirates Islamic Bank is well-liked by investors, including international investors. Islamic Finance Gulf Islamic Investments to double investment in the US News Aggregation Team Wednesday, March 19, 2025 12:00 am http://middleeast.managersofwealth.com/article/49370/gulf-islamic-investments-to-double-investment-in-the-us Company is exploring private equity and private debt opportunities in range of sectors Islamic Finance Islamic Finance Shows Potential in Central Asia as GCC Ties Deepen News Team Wednesday, March 05, 2025 12:00 am http://middleeast.managersofwealth.com/article/49297/islamic-finance-shows-potential-in-central-asia-as-gcc-ties-deepen Islamic banks are not covered as part of the deposit protection scheme in many Central Asian countries, which could negatively affect confidence. Islamic Finance WFW deal honoured with three awards by Islamic Finance News News Team Friday, February 28, 2025 12:00 am http://middleeast.managersofwealth.com/article/49280/wfw-deal-honoured-with-three-awards-by-islamic-finance-news The transaction was celebrated in IFN’s Deals of the Year special issue, winning the ‘Cross Border’, ‘Structured Finance’, and ‘Europe’ Deal of the Year 2024 awards. Islamic Finance Islamic treasury sukuk auction for February 2025 attracts bids worth AED 7.1bln News Team Thursday, February 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49272/islamic-treasury-sukuk-auction-for-february-2025-attracts-bids-worth-aed-71bln Marking an oversubscription of 6.5 times Islamic Finance Dubai Islamic Bank publishes its first sustainability-linked finance facilities financing framework News Team Wednesday, February 26, 2025 12:00 am http://middleeast.managersofwealth.com/article/49264/dubai-islamic-bank-publishes-its-first-sustainability-linked-finance-facilities-financing-framework The first for any Islamic bank globally Islamic Finance ADIB becomes the first bank in the UAE to launch a banking experience on Apple Vision Pro as part of its 2035 vision News Team Wednesday, February 26, 2025 12:00 am http://middleeast.managersofwealth.com/article/49265/adib-becomes-the-first-bank-in-the-uae-to-launch-a-banking-experience-on-apple-vision-pro-as-part-of-its-2035-vision First Bank in the UAE to Offer a Mixed-Reality Immersive Banking Experience Islamic Finance ADIB-Egypt’s strategy, future vision to strengthen its market position are on right track: CEO News Aggregation Team Monday, February 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49211/adib-egyptamprsquos-strategy-future-vision-to-strengthen-its-market-position-are-on-right-track-ceo Our outstanding financial performance reflects a strong commitment to comprehensive growth. Islamic Finance NBO Muzn Islamic Banking introduces corporate running Wakala Financing solution News Team Wednesday, January 29, 2025 12:00 am http://middleeast.managersofwealth.com/article/49122/nbo-muzn-islamic-banking-introduces-corporate-running-wakala-financing-solution This solution empowers businesses of all sizes by addressing their critical working capital needs, receivable financing, and other funding requirements Islamic Finance Middle Eastern Banks Could drastically cut risk and compliance costs through technology, says Finastra News Team Thursday, March 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49413/middle-eastern-banks-could-drastically-cut-risk-and-compliance-costs-through-technology-says-finastra Recent market research highlights that 75% of banks globally plan to accelerate their technology transformation to enhance their risk management capabilities Research, Comment and Analysis EY: Integrated risk management a key area of focus for governments News Aggregation Team Tuesday, March 25, 2025 12:00 am http://middleeast.managersofwealth.com/article/49398/ey-integrated-risk-management-a-key-area-of-focus-for-governments This approach can also improve services and strengthen public trust. Research, Comment and Analysis Deloitte Middle East report: Gulf SWFs lead global growth as assets forecast to reach $18trln by 2030 News Team Friday, March 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49385/deloitte-middle-east-report-gulf-swfs-lead-global-growth-as-assets-forecast-to-reach-18trln-by-2030 Gulf SWFs invested $82bn in 2023 and another $55bn in just the first nine months of 2024, representing two-thirds of all new SWF activity Research, Comment and Analysis Saudi Arabia dominates Forbes’ 2025 list of MENA’s most valuable banks News Aggregation Team Thursday, March 20, 2025 12:00 am http://middleeast.managersofwealth.com/article/49380/saudi-arabia-dominates-forbesamprsquo-2025-list-of-menaamprsquos-most-valuable-banks Al-Rajhi Bank retained its position as the region’s most valuable bank, leading with a market capitalization of $105.6 billion Research, Comment and Analysis 1 in 5 GCC organisations planning to grow headcount in 2025 News Aggregation Team Tuesday, March 18, 2025 12:00 am http://middleeast.managersofwealth.com/article/49362/1-in-5-gcc-organisations-planning-to-grow-headcount-in-2025 2025 will be a key year for those transformations, with the GCC set to navigate a number of important economic Research, Comment and Analysis S&P Upgrades Saudi Arabia, Yet Enthusiasm Diminishes News Aggregation Team Tuesday, March 18, 2025 12:00 am http://middleeast.managersofwealth.com/article/49360/sampampp-upgrades-saudi-arabia-yet-enthusiasm-diminishes The report also praises the government for cutting back on some megaprojects Research, Comment and Analysis Saudi bank earnings aided by lower interest rates, despite liquidity tightening News Team Thursday, March 13, 2025 12:00 am http://middleeast.managersofwealth.com/article/49345/saudi-bank-earnings-aided-by-lower-interest-rates-despite-liquidity-tightening Net income at banks in Saudi Arabia improved to SAR21.5 billion in 4Q24 Research, Comment and Analysis Qatar Chamber announces economic entity to boost private sector investments between Qatar and Sudan News Aggregation Team Wednesday, March 12, 2025 12:00 am http://middleeast.managersofwealth.com/article/49332/qatar-chamber-announces-economic-entity-to-boost-private-sector-investments-between-qatar-and-sudan The economic entity aims to bolster economic integration between Africa and the Gulf countries Research, Comment and Analysis Egypt’s annual inflation drops sharply to 12.8% News Aggregation Team Tuesday, March 11, 2025 12:00 am http://middleeast.managersofwealth.com/article/49326/egyptamprsquos-annual-inflation-drops-sharply-to-128 Egypt’s economic foundations have been showing positive results. Research, Comment and Analysis Tourism growth bolsters Qatar’s surging retail demand News Aggregation Team Monday, March 10, 2025 12:00 am http://middleeast.managersofwealth.com/article/49322/tourism-growth-bolsters-qataramprsquos-surging-retail-demand The report highlights that Doha’s 19 largest malls currently offer nearly 1.5 million sq m of gross leasable area Research, Comment and Analysis NBB expands mortgage financing for Bahraini expats in Saudi Arabia, UAE News Aggregation Team Thursday, March 13, 2025 12:00 am http://middleeast.managersofwealth.com/article/49341/nbb-expands-mortgage-financing-for-bahraini-expats-in-saudi-arabia-uae As part of NBB's dedication to providing comprehensive and accessible housing solutions, the bank is leveraging its strong presence in Saudi Arabia and the UAE to assist clients in securing their ideal property in their homeland Investment Bank EFG Hermes completes advisory on $333mln IPO of Asyad Shipping Company on the Muscat Stock Exchange News Team Wednesday, March 12, 2025 12:00 am http://middleeast.managersofwealth.com/article/49334/efg-hermes-completes-advisory-on-333mln-ipo-of-asyad-shipping-company-on-the-muscat-stock-exchange Asyad Shipping offered a total of 20% of its total issued share capital Investment Bank QNB Capital named Best Investment Bank in Qatar 2025 by Global Finance News Aggregation Team Friday, March 07, 2025 12:00 am http://middleeast.managersofwealth.com/article/49314/qnb-capital-named-best-investment-bank-in-qatar-2025-by-global-finance This award is a testament to our unwavering dedication to delivering innovative financial solutions Investment Bank UAE's FAB prepares overhaul, picks Citi veteran as new investment banking head, sources say News Aggregation Team Thursday, March 06, 2025 12:00 am http://middleeast.managersofwealth.com/article/49306/uaeamp039s-fab-prepares-overhaul-picks-citi-veteran-as-new-investment-banking-head-sources-say As part of the reorganisation, FAB is set to hire Citi dealmaking veteran Linos Lekkas as its new head of investment banking, the sources said Investment Bank Bank of Bahrain and Kuwait partners with JP Morgan Chase News Aggregation Team Thursday, February 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49269/bank-of-bahrain-and-kuwait-partners-with-jp-morgan-chase In addition, the system automates complex processes to facilitate faster and more secure cross-border transactions. Investment Bank EFG Hermes successfully completes USD 2.84bln marketed offering of ADNOC Gas shares on behalf of ADNOC News Team Tuesday, February 25, 2025 12:00 am http://middleeast.managersofwealth.com/article/49254/efg-hermes-successfully-completes-usd-284bln-marketed-offering-of-adnoc-gas-shares-on-behalf-of-adnoc The transaction, which involved the sale of approximately 3.1 billion shares representing a 4% stake in ADNOC Gas and valued at USD 2.84 billion, marks the first-ever marketed offering in the UAE and the largest placement on the ADX to date Investment Bank Turkish export credit bank in 2024 financed $7.8 billion News Aggregation Team Thursday, January 16, 2025 12:00 am http://middleeast.managersofwealth.com/article/49054/turkish-export-credit-bank-in-2024-financed-78-billion These developments made FX deposits more attractive among other commercial loans for exporters Investment Bank Al Ahly Pharos closes advisory on Capital Securitization’s $99mln securitization issue News Aggregation Team Friday, January 03, 2025 12:00 am http://middleeast.managersofwealth.com/article/48989/al-ahly-pharos-closes-advisory-on-capital-securitizationamprsquos-99mln-securitization-issue This transaction was implemented in cooperation with NBE, Arab African International Bank, and Suez Canal Bank who acted as the transaction’s underwriters Investment Bank EFG Hermes Closes EGP 1.78 Billion Securitization Deal for Bedaya Mortgage Finance News Aggregation Team Monday, December 30, 2024 12:00 am http://middleeast.managersofwealth.com/article/48972/efg-hermes-closes-egp-178-billion-securitization-deal-for-bedaya-mortgage-finance The issuance comes as their fifth since inception and the third in a wider EGP 10.0 billion program. Investment Bank 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 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 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