Managers of Wealth - Middle East http://middleeast.managersofwealth.com/ Wed, 22 Jan 2025 01:03:15 GMT part of MediaG8way Group http://middleeast.managersofwealth.com/ http://middleeast.managersofwealth.com/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP Mashreq appoints Vivek Batra as the new global head of transaction banking News Team Tuesday, January 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49075/mashreq-appoints-vivek-batra-as-the-new-global-head-of-transaction-banking Striving innovative strategies to solidify GTB’s position as a cornerstone of the Group’s overarching vision for growth On the Move Global consulting firm Simon-Kucher appoints new Co-CEOs News Team Tuesday, January 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49076/global-consulting-firm-simon-kucher-appoints-new-co-ceos "Businesses increasingly recognize the critical role of pricing and commercial excellence" On the Move Ahmad Mohammad Al-Bahar appointed Chairman of Gulf Bank's Board of Directors News Team Friday, January 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49063/ahmad-mohammad-al-bahar-appointed-chairman-of-gulf-bankamp039s-board-of-directors Advancing Strategic Plans to Strengthen Operational Performance and Elevate Customer Experience On the Move CyberKnight appoints regional sales director for the Gulf Region News Team Thursday, January 16, 2025 12:00 am http://middleeast.managersofwealth.com/article/49055/cyberknight-appoints-regional-sales-director-for-the-gulf-region CyberKnight Taps Rabih Itani to Lead Gulf Region Growth On the Move Aviva Investors appoints Head of EMEA Institutional Client Relationship Management News Team Wednesday, January 15, 2025 12:00 am http://middleeast.managersofwealth.com/article/49044/aviva-investors-appoints-head-of-emea-institutional-client-relationship-management The process to appoint a new Head of UK Institutional following Heather’s promotion is currently underway. On the Move Global wealth managemement group GSB hires COO News Team Wednesday, January 15, 2025 12:00 am http://middleeast.managersofwealth.com/article/49048/global-wealth-managemement-group-gsb-hires-coo Ex-Fry Group and Sanlam man joins GSB in London as growth continues at pace On the Move Aditum Investment Management Limited bolsters leadership with key appointment News Team Tuesday, January 14, 2025 12:00 am http://middleeast.managersofwealth.com/article/49043/aditum-investment-management-limited-bolsters-leadership-with-key-appointment Gaurav Kumar has joined Aditum as Deputy Senior Executive Officer On the Move Invesco appoints head of EMEA sustainable and impact investing distribution News Aggregation Team Friday, January 10, 2025 12:00 am http://middleeast.managersofwealth.com/article/49020/invesco-appoints-head-of-emea-sustainable-and-impact-investing-distribution Arun Kelshiker will help mobilise capital in sustainable and impact-focused investment strategies On the Move Banque du Caire to appoint advisor in the coming days for upcoming offering News Aggregation Team Friday, January 10, 2025 12:00 am http://middleeast.managersofwealth.com/article/49028/banque-du-caire-to-appoint-advisor-in-the-coming-days-for-upcoming-offering We could see a stake sale as soon as 1H 2025 On the Move Farro Ventures Expands Businesses in Singapore, Dubai News Aggregation Team Tuesday, January 07, 2025 12:00 am http://middleeast.managersofwealth.com/article/49002/farro-ventures-expands-businesses-in-singapore-dubai Prior to that, he held senior leadership roles at Barclays, UBS and Standard Chartered. On the Move Qatar Central Bank grants sandbox entry approval to Madad Financial Technologies News Aggregation Team Thursday, January 16, 2025 12:00 am http://middleeast.managersofwealth.com/article/49051/qatar-central-bank-grants-sandbox-entry-approval-to-madad-financial-technologies This step highlights QCB's commitment to fostering the financial sector and advancing the objectives of the Third Financial Sector Strategy. Legal, Tax, Regulation & Compliance Kenya banks on trade pact with UAE to grow exports, attract FDIs News Aggregation Team Wednesday, January 15, 2025 12:00 am http://middleeast.managersofwealth.com/article/49046/kenya-banks-on-trade-pact-with-uae-to-grow-exports-attract-fdis The two countries signed a Comprehensive Economic Partnership Agreement yesterday. Legal, Tax, Regulation & Compliance Deloitte Middle East upgrades Tax and Legal Gen AI solution News Team Thursday, January 09, 2025 12:00 am http://middleeast.managersofwealth.com/article/49017/deloitte-middle-east-upgrades-tax-and-legal-gen-ai-solution Enhances offerings to accelerate AI adoption Legal, Tax, Regulation & Compliance ADGM reduces commercial licence fees from January 2025 News Team Friday, January 03, 2025 12:00 am http://middleeast.managersofwealth.com/article/48993/adgm-reduces-commercial-licence-fees-from-january-2025 This initiative aims to enhance ADGM's business ecosystem Legal, Tax, Regulation & Compliance The Arab Monetary Fund Enhances Capacity Building in December 2024 News Team Thursday, January 02, 2025 12:00 am http://middleeast.managersofwealth.com/article/48981/the-arab-monetary-fund-enhances-capacity-building-in-december-2024 This initiative plays a key role in promoting sustainable economic growth and strengthening the resilience of Arab economies. Legal, Tax, Regulation & Compliance Qatar’s banking sector remains healthy on diligent supervision, robust buffers and strong economy News Aggregation Team Monday, December 30, 2024 12:00 am http://middleeast.managersofwealth.com/article/48968/qataramprsquos-banking-sector-remains-healthy-on-diligent-supervision-robust-buffers-and-strong-economy The QCB has broadly maintained the monetary policy in line with the US Federal Reserve, consistent with the currency peg to the dollar. Legal, Tax, Regulation & Compliance Oman’s central bank approves regulations for Banking Deposits Protection Law News Aggregation Team Monday, December 30, 2024 12:00 am http://middleeast.managersofwealth.com/article/48973/omanamprsquos-central-bank-approves-regulations-for-banking-deposits-protection-law This will empower consumers with greater control over their financial data Legal, Tax, Regulation & Compliance Turkey to end FX-protected lira deposits next year News Aggregation Team Friday, December 27, 2024 12:00 am http://middleeast.managersofwealth.com/article/48957/turkey-to-end-fx-protected-lira-deposits-next-year The floating exchange rate regime will continue in 2025, with exchange rates determined under free market conditions based on supply and demand balance. Legal, Tax, Regulation & Compliance Egypt central bank keeps overnight interest rates steady News Aggregation Team Friday, December 27, 2024 12:00 am http://middleeast.managersofwealth.com/article/48958/egypt-central-bank-keeps-overnight-interest-rates-steady The bank's monetary policy committee kept the lending rate at 28.25% and the deposit rate at 27.25% Legal, Tax, Regulation & Compliance Egyptian banking alliance grants EGP 4.235bn to Al-Zahi Group for development projects News Aggregation Team Tuesday, December 24, 2024 12:00 am http://middleeast.managersofwealth.com/article/48949/egyptian-banking-alliance-grants-egp-4235bn-to-al-zahi-group-for-development-projects The signing ceremony was attended by prominent banking and business leaders Legal, Tax, Regulation & Compliance Dukhan Bank posts net profit of QR1.34bn for 2024 News Aggregation Team Tuesday, January 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49077/dukhan-bank-posts-net-profit-of-qr134bn-for-2024 We continue our journey with a renewed focus on expanding our digital capabilities and services Retail Banking ABK Receives ‘Best Investor Relationship Bank’ Award from International Finance News Aggregation Team Monday, January 20, 2025 12:00 am http://middleeast.managersofwealth.com/article/49066/abk-receives-amplsquobest-investor-relationship-bankamprsquo-award-from-international-finance This is achieved through consistent communication with the Investor Relations Unit and active participation in various events and conferences. Retail Banking Qatar Central Bank launches first phase of Primary Dealer framework with Bloomberg News Aggregation Team Monday, January 20, 2025 12:00 am http://middleeast.managersofwealth.com/article/49070/qatar-central-bank-launches-first-phase-of-primary-dealer-framework-with-bloomberg First phase focused on integrating the Bloomberg Auction System to enhance the local currency debt issuance process and workflows Retail Banking Bahrain’s Bank ABC drops $400mln AT1 issuance plans News Aggregation Team Monday, January 20, 2025 12:00 am http://middleeast.managersofwealth.com/article/49069/bahrainamprsquos-bank-abc-drops-400mln-at1-issuance-plans The bank said it will revisit the issuance when market conditions are more favourable Retail Banking Commercial Bank Financial Services receives two prestigious accolades News Aggregation Team Friday, January 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49060/commercial-bank-financial-services-receives-two-prestigious-accolades These awards reflect our commitment to world class innovation and delivering customer-centric solutions to our brokerage clients. Retail Banking How B2B BNPL is revolutionising global commerce News Aggregation Team Friday, January 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49061/how-b2b-bnpl-is-revolutionising-global-commerce With an average fee of 3%-4% per transaction, this represents a potential market value of $700bn to $1.3 trillion. Retail Banking Qatar’s banking sector to witness positive momentum in 2025 News Aggregation Team Thursday, January 16, 2025 12:00 am http://middleeast.managersofwealth.com/article/49057/qataramprsquos-banking-sector-to-witness-positive-momentum-in-2025 The data also forecasts that Qatar’s North Field Expansion project will increase LNG production by nearly 35 percent by 2027 Retail Banking Central Bank of Kuwait issues $660 million bond and tawarruq with 4.125 percent yield rate News Aggregation Team Wednesday, January 15, 2025 12:00 am http://middleeast.managersofwealth.com/article/49050/central-bank-of-kuwait-issues-660-million-bond-and-tawarruq-with-4125-percent-yield-rate Bonds fund governments by repaying principal and interest; tawarruq converts debts into tradable securities Retail Banking NBB Launches Personal Finance Campaign Offering a Total of BHD 5,000 Cash Prizes News Aggregation Team Tuesday, January 14, 2025 12:00 am http://middleeast.managersofwealth.com/article/49034/nbb-launches-personal-finance-campaign-offering-a-total-of-bhd-5000-cash-prizes The National Bank of Bahrain has introduced its latest Personal Finance campaign presenting customers the chance to win a total of BHD 5,000 in cash prizes, running until 31st March 2025. Retail Banking Bahrain’s Bank ABC mandates banks for AT1 News Aggregation Team Tuesday, January 14, 2025 12:00 am http://middleeast.managersofwealth.com/article/49038/bahrainamprsquos-bank-abc-mandates-banks-for-at1 Global investor and fixed income meetings taking place on Monday and Tuesday Retail Banking National Finance strengthens ESG commitment with comprehensive sustainability strategy framework News Team Tuesday, January 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49071/national-finance-strengthens-esg-commitment-with-comprehensive-sustainability-strategy-framework Offering an in-depth overview of its current ecological footprint and future initiatives Alternative Investments Turkey's Getir and Abu Dhabi fund Mubadala still at odds over restructuring News Aggregation Team Monday, January 20, 2025 12:00 am http://middleeast.managersofwealth.com/article/49067/turkeyamp039s-getir-and-abu-dhabi-fund-mubadala-still-at-odds-over-restructuring "The approval of this restructuring plan marks a significant milestone for Getir, enabling access to critical funding and resources necessary to execute against the existing long-term strategy," Mubadala said Alternative Investments Unlocking Saudi Arabia’s capital markets: Apex FundRock’s role in driving growth News Team Friday, January 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49058/unlocking-saudi-arabiaamprsquos-capital-markets-apex-fundrockamprsquos-role-in-driving-growth Apex FundRock’s launch of its Management Company (“ManCo”) business in Riyadh is a significant step to help strengthening the Kingdom’s financial ecosystem. Alternative Investments Shurooq raises the bar for luxury coastal living with sales launch of two new towers at Ajwan Khorfakkan News Team Friday, January 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49062/shurooq-raises-the-bar-for-luxury-coastal-living-with-sales-launch-of-two-new-towers-at-ajwan-khorfakkan Prospective buyers who secure their units during ACRES 2025, from January 22 to 25, will receive a 50% discount on registration fees Alternative Investments Mashreq expands corporate banking footprint to Oman with tailored financial solutions News Team Friday, January 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49065/mashreq-expands-corporate-banking-footprint-to-oman-with-tailored-financial-solutions Mashreq’s entry into Oman comes amid growing demand for financial solutions aligned with regional and global market trends. Alternative Investments QNB net profit surges 8% to QR16.7bn in 2024 News Aggregation Team Thursday, January 16, 2025 12:00 am http://middleeast.managersofwealth.com/article/49052/qnb-net-profit-surges-8-to-qr167bn-in-2024 QNB Group’s presence spans 28 countries across three continents operating from approximately 900 locations Alternative Investments LSEG report on investment banking activity in the MENA region for 2024 News Team Thursday, January 16, 2025 12:00 am http://middleeast.managersofwealth.com/article/49053/lseg-report-on-investment-banking-activity-in-the-mena-region-for-2024 Advisory fees earned from completed M&A transactions totalled US$295.9 million in 2024, a 3% increase from year ago levels. Alternative Investments Bahrain Airport Company, BBK sign strategic partnership to develop "Express Cargo Village" News Aggregation Team Thursday, January 16, 2025 12:00 am http://middleeast.managersofwealth.com/article/49056/bahrain-airport-company-bbk-sign-strategic-partnership-to-develop-ampquotexpress-cargo-villageampquot The Express Cargo Village will feature advanced warehouses, aircraft service areas, and modern infrastructure. Alternative Investments The UAE’s Hedge Fund Boom: Lessons from an Emerging Financial Services Powerhouse News Team Tuesday, January 14, 2025 12:00 am http://middleeast.managersofwealth.com/article/49037/the-uaeamprsquos-hedge-fund-boom-lessons-from-an-emerging-financial-services-powerhouse The shift in hedge fund location seems to be a long-term affair. Alternative Investments Saudi Arabia’s PIF completes acquisition of 23.08% stake in Saudi Re News Aggregation Team Tuesday, January 14, 2025 12:00 am http://middleeast.managersofwealth.com/article/49039/saudi-arabiaamprsquos-pif-completes-acquisition-of-2308-stake-in-saudi-re The investment is expected to boost the growth of the local reinsurance sector and improve coverage for commercial activities for insurance firms and companies in general Alternative Investments Citi rolls out affluent credit card in the UAE News Aggregation Team Tuesday, January 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49079/citi-rolls-out-affluent-credit-card-in-the-uae The Citi Ultima Mastercard credit card was introduced to select Citigold Private Clients in Dubai. Wealth & Asset Management ASK Private Wealth widens its global footprint through new DIFC office to serve NRIs and global investors News Team Wednesday, January 15, 2025 12:00 am http://middleeast.managersofwealth.com/article/49047/ask-private-wealth-widens-its-global-footprint-through-new-difc-office-to-serve-nris-and-global-investors Part of Blackstone-backed ASK Asset & Wealth Management Group, ASK Wealth Advisors (DIFC) Pvt Ltd (‘ASKWA DIFC’) will use DIFC as a hub for its Middle East and Africa operations Wealth & Asset Management Growth of new hubs challenges Swiss private banking stalwarts News Aggregation Team Friday, January 10, 2025 12:00 am http://middleeast.managersofwealth.com/article/49021/growth-of-new-hubs-challenges-swiss-private-banking-stalwarts The global financial landscape is undergoing a dramatic transformation. Wealth & Asset Management Private jet industry offers new avenues for brands to connect with UHNWIs News Aggregation Team Tuesday, December 31, 2024 12:00 am http://middleeast.managersofwealth.com/article/48976/private-jet-industry-offers-new-avenues-for-brands-to-connect-with-uhnwis The private jet industry is soaring, with remarkable growth both globally and within the GCC spurred by HNWIs and UHNWIs. Wealth & Asset Management Season's Greetings from Managers of Wealth News Team Tuesday, December 24, 2024 12:00 am http://middleeast.managersofwealth.com/article/48948/seasonamp039s-greetings-from-managers-of-wealth Thank you for your trust and support Wealth & Asset Management Mashreq: how to manage wealth through geopolitical uncertainty News Aggregation Team Thursday, December 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48924/mashreq-how-to-manage-wealth-through-geopolitical-uncertainty Interest rates have profoundly influenced the strategies adopted by private banking clients over the past year. Wealth & Asset Management UAE family offices to take centre stage in global wealth management News Aggregation Team Tuesday, December 17, 2024 12:00 am http://middleeast.managersofwealth.com/article/48915/uae-family-offices-to-take-centre-stage-in-global-wealth-management The UAE has a highly favourable tax regime, but is that all it has going for it? Wealth & Asset Management BlackRock accelerates wealth access to private markets in Europe, Middle East and Asia Pacific News Aggregation Team Thursday, December 12, 2024 12:00 am http://middleeast.managersofwealth.com/article/48886/blackrock-accelerates-wealth-access-to-private-markets-in-europe-middle-east-and-asia-pacific Investors into the platform will benefit from exposure to a collection of strategies leveraging the new ELTIF 2.0 wrapper across private equity, multi-alternatives, infrastructure, private debt and real estate. Wealth & Asset Management Aspen Digital receives Financial Services Permission in ADGM to provide services in digital assets News Team Thursday, December 12, 2024 12:00 am http://middleeast.managersofwealth.com/article/48889/aspen-digital-receives-financial-services-permission-in-adgm-to-provide-services-in-digital-assets The license grants Aspen Digital permission to provide broker-dealer, asset management, advisory, and custody services under its fully regulated and best-in-class tech platform. Wealth & Asset Management Standard Chartered expands UAE private banking team to serve growing pool of global ultra-rich News Aggregation Team Wednesday, December 11, 2024 12:00 am http://middleeast.managersofwealth.com/article/48884/standard-chartered-expands-uae-private-banking-team-to-serve-growing-pool-of-global-ultra-rich The lender hired seven new bankers in what it call its 'priority market' Wealth & Asset Management SAMA signs agreement to bring Google Pay to KSA in 2025 News Aggregation Team Tuesday, January 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49072/sama-signs-agreement-to-bring-google-pay-to-ksa-in-2025 The news follows SAMA’s ongoing progress with its digital financial agenda FinTech UAE’s headline GDP growth would strengthen to 5% in 2025: Report News Aggregation Team Tuesday, January 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49074/uaeamprsquos-headline-gdp-growth-would-strengthen-to-5-in-2025-report The estimated GDP growth is attributable to oil and non-oil sectors expanding at the same pace FinTech Finastra Corporate Banking Forum spotlights AI, ESG, and digital transformation as key drivers of industry change News Team Monday, January 20, 2025 12:00 am http://middleeast.managersofwealth.com/article/49068/finastra-corporate-banking-forum-spotlights-ai-esg-and-digital-transformation-as-key-drivers-of-industry-change Global experts outline strategies to accelerate lending transformation, digitize trade and supply chain finance, and advance sustainability in banking FinTech Mashreq Bank completes USD 385 million stake sale in NeoPay News Aggregation Team Wednesday, January 15, 2025 12:00 am http://middleeast.managersofwealth.com/article/49049/mashreq-bank-completes-usd-385-million-stake-sale-in-neopay The platform provides businesses with a suite of payment processing solutions, including POS terminals, ecommerce, mobile, and other non-cash payment methods. FinTech Qatar’s tech sector to witness huge demand News Aggregation Team Monday, January 13, 2025 12:00 am http://middleeast.managersofwealth.com/article/49033/qataramprsquos-tech-sector-to-witness-huge-demand With 10 years of market expertise, the official said that the company received the signal to launch its innovative services FinTech Objectway expands into the MENA region by signing with Kuwait Financial Centre "Markaz" News Team Thursday, January 09, 2025 12:00 am http://middleeast.managersofwealth.com/article/49015/objectway-expands-into-the-mena-region-by-signing-with-kuwait-financial-centre-ampquotmarkazampquot Strategic collaboration leverages Objectway’s cutting-edge modular solution to enhance the client experience for Markaz customers. FinTech Digital banking drives Saudi Arabia’s financial transformation News Aggregation Team Wednesday, January 08, 2025 12:00 am http://middleeast.managersofwealth.com/article/49012/digital-banking-drives-saudi-arabiaamprsquos-financial-transformation This development reflects SAMA’s commitment to ensuring the Saudi banking sector contributes to achieving Saudi Vision 2030 and the nation’s aspirations. FinTech QIB introduces innovative features to its mobile apps News Team Wednesday, January 08, 2025 12:00 am http://middleeast.managersofwealth.com/article/49014/qib-introduces-innovative-features-to-its-mobile-apps Enhancing convenience and accessibility for customers FinTech Mashreq completes $385mln sale of majority stake in Neopay News Aggregation Team Tuesday, January 07, 2025 12:00 am http://middleeast.managersofwealth.com/article/49004/mashreq-completes-385mln-sale-of-majority-stake-in-neopay As previously announced on September 13, 2024, DgPays, a leading financial infrastructure technology provider in the EMEA region FinTech Crypto.com Forges New Partnership with Dubai Islamic Bank News Aggregation Team Tuesday, January 07, 2025 12:00 am http://middleeast.managersofwealth.com/article/49005/cryptocom-forges-new-partnership-with-dubai-islamic-bank The memorandum of understanding between Crypto.com and DIB focuses on several innovative financial solutions. FinTech QIB named Best Islamic Bank in the GCC from World Union of Arab Bankers News Team Monday, January 13, 2025 12:00 am http://middleeast.managersofwealth.com/article/49030/qib-named-best-islamic-bank-in-the-gcc-from-world-union-of-arab-bankers QIB’s recognition as Best Islamic Bank in the GCC for the year 2024 reaffirms its position as a leader in Shari’a-compliant banking. Islamic Finance Bank Nizwa Fuels Oman's growth with innovative Islamic banking solutions News Team Monday, January 13, 2025 12:00 am http://middleeast.managersofwealth.com/article/49032/bank-nizwa-fuels-omanamp039s-growth-with-innovative-islamic-banking-solutions Leading the path to prosperity Islamic Finance Dhofar Islamic launches special financing campaign with competitive rates starting from 4.75% News Team Thursday, January 09, 2025 12:00 am http://middleeast.managersofwealth.com/article/49018/dhofar-islamic-launches-special-financing-campaign-with-competitive-rates-starting-from-475 The campaign provides an excellent opportunity for customers to secure affordable Sharia-compliant financing Islamic Finance Emirates Islamic wins ‘Best Islamic Bank for SMEs’ and ‘Best Bond Issue of the Year’ at MEA Finance Awards 2024 News Team Friday, December 27, 2024 12:00 am http://middleeast.managersofwealth.com/article/48964/emirates-islamic-wins-amplsquobest-islamic-bank-for-smesamprsquo-and-amplsquobest-bond-issue-of-the-yearamprsquo-at-mea-finance-awards-2024 The bank was recognised as ‘Best Islamic Bank for SMEs’ for its strong proposition for small and medium enterprises Islamic Finance Bank of London and The Middle East plc News Aggregation Team Tuesday, December 24, 2024 12:00 am http://middleeast.managersofwealth.com/article/48954/bank-of-london-and-the-middle-east-plc Integral to Parent’s Strategy: BLME is a key and integral part of BBY Islamic Finance Islamic FinTech: Adapting Financial Technology to Sharia Compliance News Aggregation Team Monday, December 23, 2024 12:00 am http://middleeast.managersofwealth.com/article/48946/islamic-fintech-adapting-financial-technology-to-sharia-compliance This revolutionary field has transformed the way people interact with money, offering innovative solutions to age-old problems. Islamic Finance The Eurasian Development Bank, IsDBI and the London Stock Exchange Group host a discussion on the future of Islamic finance in Central Asia News Team Tuesday, December 17, 2024 12:00 am http://middleeast.managersofwealth.com/article/48913/the-eurasian-development-bank-isdbi-and-the-london-stock-exchange-group-host-a-discussion-on-the-future-of-islamic-finance-in-central-asia As part of the Islamic Banking program at Abu Dhabi Finance Week Islamic Finance ADIB Ventures partners with Lean Technologies to deliver innovative products News Team Friday, December 13, 2024 12:00 am http://middleeast.managersofwealth.com/article/48896/adib-ventures-partners-with-lean-technologies-to-deliver-innovative-products Offering tools for programmatic automated payouts, reconciliation, account verification, and stronger financial operations solutions Islamic Finance Bank Muscat taps Nucleus Software to enhance its collection strategy News Aggregation Team Wednesday, December 11, 2024 12:00 am http://middleeast.managersofwealth.com/article/48878/bank-muscat-taps-nucleus-software-to-enhance-its-collection-strategy This strategic implementation is in line with the bank’s mission to provide simplified and integrated banking solutions across its expansive network. Islamic Finance Egypt considers issuing green, Islamic bonds in local market for first time: FM News Aggregation Team Wednesday, December 11, 2024 12:00 am http://middleeast.managersofwealth.com/article/48880/egypt-considers-issuing-green-islamic-bonds-in-local-market-for-first-time-fm We are working to diversify funding sources and attract local investors to reduce external borrowing and costs. Islamic Finance Some UAE employees no longer need salary certificate for banking services News Aggregation Team Tuesday, January 21, 2025 12:00 am http://middleeast.managersofwealth.com/article/49078/some-uae-employees-no-longer-need-salary-certificate-for-banking-services The initiative aims to benefit over 45,000 federal employees across more than 50 government entities Research, Comment and Analysis Standard Chartered: GCC To maintain economic resilience amid global uncertainty in 2025 News Team Friday, January 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49059/standard-chartered-gcc-to-maintain-economic-resilience-amid-global-uncertainty-in-2025 Lower interest rates are likely to provide additional support, particularly for borrowing-sensitive industries across Saudi Arabia, the UAE, and Qatar Research, Comment and Analysis 73% of Savills researchers anticipate increased real estate investment activity in MENA by 2025 News Team Friday, January 17, 2025 12:00 am http://middleeast.managersofwealth.com/article/49064/73-of-savills-researchers-anticipate-increased-real-estate-investment-activity-in-mena-by-2025 Driven by infrastructure development, visionary economic plans, and rising demand across various sectors Research, Comment and Analysis UAE employees demand higher housing, transport allowances amidst rising rents, Salik tolls News Aggregation Team Tuesday, January 14, 2025 12:00 am http://middleeast.managersofwealth.com/article/49041/uae-employees-demand-higher-housing-transport-allowances-amidst-rising-rents-salik-tolls From the cost of living perspective, salaries remain a priority for a lot of professionals coming to the UAE Research, Comment and Analysis Boursa Kuwait encourages entrepreneurship with gold sponsorship of LOYAC’s Kontinue program News Aggregation Team Monday, January 13, 2025 12:00 am http://middleeast.managersofwealth.com/article/49035/boursa-kuwait-encourages-entrepreneurship-with-gold-sponsorship-of-loyacamprsquos-kontinue-program The program features interactive workshops led by expert entrepreneurs and industry leaders, covering a wide range of essential topics. Research, Comment and Analysis Computing sector revenue to reach QR265m in 2025 News Aggregation Team Friday, January 10, 2025 12:00 am http://middleeast.managersofwealth.com/article/49025/computing-sector-revenue-to-reach-qr265m-in-2025 Researchers state that Qatar is currently experiencing developments in the computing and tech industry by exploring opportunities for productive individuals Research, Comment and Analysis ADIB Opens 72Nd Branch At Mall Of Egypt News Aggregation Team Wednesday, January 08, 2025 12:00 am http://middleeast.managersofwealth.com/article/49009/adib-opens-72nd-branch-at-mall-of-egypt The Mall of Egypt branch is the second to open in a shopping mall in 2024 Research, Comment and Analysis Fitch revises outlook on 5 Omani banks to positive; long-term ratings affirmed News Aggregation Team Monday, January 06, 2025 12:00 am http://middleeast.managersofwealth.com/article/49001/fitch-revises-outlook-on-5-omani-banks-to-positive-long-term-ratings-affirmed The outlook for Bank Muscat has been revised to positive from stable, with its Long-Term IDR affirmed at ‘BB+’ and its Viability Rating (VR) at ‘bb+’. Research, Comment and Analysis Qatari banks to uphold robust financial metrics in 2025: Fitch News Aggregation Team Friday, January 03, 2025 12:00 am http://middleeast.managersofwealth.com/article/48991/qatari-banks-to-uphold-robust-financial-metrics-in-2025-fitch Qatari banks are projected to uphold their robust financial metrics in 2025, despite persisting asset quality pressures, according to a recent peer review by Fitch Ratings. Research, Comment and Analysis Qatar moving with firm steps towards bright future News Aggregation Team Friday, January 03, 2025 12:00 am http://middleeast.managersofwealth.com/article/48994/qatar-moving-with-firm-steps-towards-bright-future Since the launch of Qatar National Vision 2030, Qatar has made significant progress in leveraging the returns of its investments in the energy sector to build world-class infrastructure and institutions. Research, Comment and Analysis 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 EFG Hermes concludes $13.51mln securitized bond issuance for valU News Aggregation Team Tuesday, November 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48759/efg-hermes-concludes-1351mln-securitized-bond-issuance-for-valu The bonds are backed by a receivables portfolio assigned to EFG for Securitization, the special purpose vehicle managing the issuance Investment Bank HSBC leads as MENA’s top earner in investment banking fees News Aggregation Team Tuesday, October 22, 2024 1:00 am http://middleeast.managersofwealth.com/article/48612/hsbc-leads-as-menaamprsquos-top-earner-in-investment-banking-fees HSBC was followed by Standard Chartered ($56.5 million) and First Abu Dhabi Bank ($56 million) in the league tables Investment Bank EFG Hermes introduces streamlined custody arrangement and asset servicing arrangement services across 40 markets News Team Monday, September 02, 2024 1:00 am http://middleeast.managersofwealth.com/article/48335/efg-hermes-introduces-streamlined-custody-arrangement-and-asset-servicing-arrangement-services-across-40-markets The service is designed to address the unique challenges faced by HNWIs, family offices, and small- to mid-sized funds in accessing custody arrangement services Investment Bank EFG Holding continues to report solid performance in the second quarter of 2024 News Team Wednesday, August 14, 2024 1:00 am http://middleeast.managersofwealth.com/article/48228/efg-holding-continues-to-report-solid-performance-in-the-second-quarter-of-2024 EFG Hermes, the Investment Bank, saw its Investment Banking division report all-time high revenues together with Brokerage revenues shooting up Investment Bank EFG Hermes completes advisory on Budget Saudi’s $121mln acquisition of AutoWorld News Team Monday, July 22, 2024 1:00 am http://middleeast.managersofwealth.com/article/48108/efg-hermes-completes-advisory-on-budget-saudiamprsquos-121mln-acquisition-of-autoworld EFG Hermes acted as the sole financial advisor on the transaction, which is set to create a new powerhouse in the Saudi auto industry Investment Bank NIC recognized as the ‘Best Local Investment Bank in Kuwait - 2024’ News Aggregation Team Monday, June 10, 2024 1:00 am http://middleeast.managersofwealth.com/article/47864/nic-recognized-as-the-amplsquobest-local-investment-bank-in-kuwait-2024amprsquo Euromoney award confirms NIC’s distinguished services and continuous achievements Investment Bank 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 NBK Joins COP29 Discussions to Advance Sustainable Financing and Bridge the Climate Investment Gap News Team Friday, November 22, 2024 12:00 am http://middleeast.managersofwealth.com/article/48784/nbk-joins-cop29-discussions-to-advance-sustainable-financing-and-bridge-the-climate-investment-gap NBK's participation in this significant global event underscores its commitment to collaborative efforts aimed at mitigating the impacts of climate change Planet SOS