Managers of Wealth - Middle East http://middleeast.managersofwealth.com/ Sun, 21 Apr 2024 00:40:19 BST part of MediaG8way Group http://middleeast.managersofwealth.com/ http://middleeast.managersofwealth.com/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP IQ-EQ appoints new Managing Director for Mauritius and new Chief Commercial Officer for Africa, India and Middle East News Team Thursday, April 18, 2024 1:00 am http://middleeast.managersofwealth.com/article/47581/iq-eq-appoints-new-managing-director-for-mauritius-and-new-chief-commercial-officer-for-africa-india-and-middle-east Pazani Vaitilingon, Head of Funds, Mauritius will succeed Rehma in the role of Chief Commercial Officer, Africa, India and Middle East. On the Move MS Re aims to expand EMEA property and casualty business News Aggregation Team Wednesday, April 17, 2024 1:00 am http://middleeast.managersofwealth.com/article/47572/ms-re-aims-to-expand-emea-property-and-casualty-business He will be responsible for leading the operational and growth strategy for MS Reinsurance’s mature and growth markets in the region. On the Move Prosek partners expands global presence with the opening of its Middle East Office News Team Wednesday, April 17, 2024 1:00 am http://middleeast.managersofwealth.com/article/47575/prosek-partners-expands-global-presence-with-the-opening-of-its-middle-east-office To lead the Middle East office and operations On the Move Seven new partners and senior directors for KPMG in KSA News Aggregation Team Wednesday, April 17, 2024 1:00 am http://middleeast.managersofwealth.com/article/47577/seven-new-partners-and-senior-directors-for-kpmg-in-ksa Naif Edrees has been promoted to Partner in the Audit division. On the Move Matt Candy on IBM Consulting's role as digital transformation partner News Aggregation Team Wednesday, April 17, 2024 1:00 am http://middleeast.managersofwealth.com/article/47579/matt-candy-on-ibm-consultingamp039s-role-as-digital-transformation-partner Core to the platform is a library of role-based IBM Consulting Assistants to support teams in their day-to-day tasks. On the Move Former senior EDR banker joins BOS in Dubai News Aggregation Team Wednesday, April 17, 2024 1:00 am http://middleeast.managersofwealth.com/article/47580/former-senior-edr-banker-joins-bos-in-dubai The senior banker is joining the Singaporean private bank to cover the Middle East and Indian markets. On the Move UAE President issues federal decree appointing Dr. Omar Habtoor Al Darei as Chairman of the General Authority of Islamic Affairs, Endowments and Zakat News Team Tuesday, April 16, 2024 1:00 am http://middleeast.managersofwealth.com/article/47568/uae-president-issues-federal-decree-appointing-dr-omar-habtoor-al-darei-as-chairman-of-the-general-authority-of-islamic-affairs-endowments-and-zakat His Excellency served as the Executive Director of Islamic Affairs at the General Authority of Islamic Affairs and Endowments On the Move WTS Dhruva Consultants promotes trio to partner in Middle East News Aggregation Team Tuesday, April 16, 2024 1:00 am http://middleeast.managersofwealth.com/article/47570/wts-dhruva-consultants-promotes-trio-to-partner-in-middle-east The firm has a proven track record in topics including corporate tax On the Move Ex-Redington research head and Baillie Gifford director join Jennison News Aggregation Team Monday, April 15, 2024 1:00 am http://middleeast.managersofwealth.com/article/47555/ex-redington-research-head-and-baillie-gifford-director-join-jennison Nick Samuels takes on an EMEA-focused position, with the PGIM subsidiary also hiring former fund manager Stephen Corr for a business post. On the Move Dario Locatelli appointed CEO in Allianz Trade GCC News Team Monday, April 15, 2024 1:00 am http://middleeast.managersofwealth.com/article/47560/dario-locatelli-appointed-ceo-in-allianz-trade-gcc The Italian manager, in this new role, will be based in Dubai and will continue to report to Luca Burrafato, Head of MMEA region On the Move Saudi EXIM Bank, Swiss counterpart sign deal to boost non-oil exports News Aggregation Team Friday, April 19, 2024 1:00 am http://middleeast.managersofwealth.com/article/47592/saudi-exim-bank-swiss-counterpart-sign-deal-to-boost-non-oil-exports The Kingdom's primary exports to Switzerland included pearls, precious metals, and aluminum, valued at $587.57 million and $139.39 million, respectively. Legal, Tax, Regulation & Compliance Deloitte launches Kiyadat to advance GCC national talent into leadership roles News Team Friday, April 19, 2024 1:00 am http://middleeast.managersofwealth.com/article/47593/deloitte-launches-kiyadat-to-advance-gcc-national-talent-into-leadership-roles In Arabic, "Kiyadat" translates to "Leaders", symbolizing the commitment to fostering national talent and paving their way towards leadership roles Legal, Tax, Regulation & Compliance ADGM wins 'Most trusted financial centre brand, Middle East' at Global Brand Awards 2024 News Team Friday, April 19, 2024 1:00 am http://middleeast.managersofwealth.com/article/47594/adgm-wins-amp039most-trusted-financial-centre-brand-middle-eastamp039-at-global-brand-awards-2024 The esteemed Global Brand Awards, an annual ceremony organised by Global Brands Magazine (GBM) headquartered in England, celebrates international brands that excel across various industries annually Legal, Tax, Regulation & Compliance Greenberg Traurig Becomes Fully Incorporated in Kingdom of Saudi Arabia News Team Thursday, April 18, 2024 1:00 am http://middleeast.managersofwealth.com/article/47582/greenberg-traurig-becomes-fully-incorporated-in-kingdom-of-saudi-arabia Final government approval coincides with the firm’s first anniversary of KSA operations Legal, Tax, Regulation & Compliance UAE corporate tax: Exploring four major updates News Aggregation Team Tuesday, April 16, 2024 1:00 am http://middleeast.managersofwealth.com/article/47571/uae-corporate-tax-exploring-four-major-updates With UAE Pass now integral to tax portal access, businesses must ensure they understand the requirements Legal, Tax, Regulation & Compliance Saudi finance minister to lead Kingdom’s delegation at IMF-World Bank Spring Meetings News Aggregation Team Monday, April 15, 2024 1:00 am http://middleeast.managersofwealth.com/article/47563/saudi-finance-minister-to-lead-kingdomamprsquos-delegation-at-imf-world-bank-spring-meetings The minister will also take part in the meeting of the World Bank Development Committee to discuss the global development plans implemented by the entity. Legal, Tax, Regulation & Compliance stc pay becomes STC Bank with Saudi Central Bank approval News Aggregation Team Friday, April 12, 2024 1:00 am http://middleeast.managersofwealth.com/article/47551/stc-pay-becomes-stc-bank-with-saudi-central-bank-approval STC Bank is committed to offering Sharia-compliant banking solutions, prioritizing security and customer protection by leveraging advanced financial technologies. Legal, Tax, Regulation & Compliance World Bank doubles Turkey’s exposure to $35 billion: minister News Aggregation Team Friday, April 12, 2024 1:00 am http://middleeast.managersofwealth.com/article/47552/world-bank-doubles-turkeyamprsquos-exposure-to-35-billion-minister Turkey will become the third largest recipient of concessional World Bank loans in the world. Legal, Tax, Regulation & Compliance Baker McKenzie closes deal for ZCCM Investments Holdings on $1.1bln copper mine partnership for Mopani Copper Mines News Team Thursday, April 11, 2024 1:00 am http://middleeast.managersofwealth.com/article/47539/baker-mckenzie-closes-deal-for-zccm-investments-holdings-on-11bln-copper-mine-partnership-for-mopani-copper-mines ZCCM-IH took full control of Mopani from Glencore in 2021 Legal, Tax, Regulation & Compliance New fraud allegations hit Lebanon's central bank over $8 billion scheme News Aggregation Team Thursday, April 11, 2024 1:00 am http://middleeast.managersofwealth.com/article/47545/new-fraud-allegations-hit-lebanonamp039s-central-bank-over-8-billion-scheme Alleged scheme involves 'sham transactions' between Lebanon's central bank and its lesser-known broker, Optimum, leaked audit papers show Legal, Tax, Regulation & Compliance QIB Profit grows by 5.5% to reach QAR 955mln for three months’ period ended 31 March 2024 News Team Thursday, April 18, 2024 1:00 am http://middleeast.managersofwealth.com/article/47588/qib-profit-grows-by-55-to-reach-qar-955mln-for-three-monthsamprsquo-period-ended-31-march-2024 Total Assets reach QAR 192 Billion Retail Banking NBK gives customers the opportunity to win exclusive packages for 2024 Summer Olympics in Paris courtesy of VISA News Team Wednesday, April 17, 2024 1:00 am http://middleeast.managersofwealth.com/article/47573/nbk-gives-customers-the-opportunity-to-win-exclusive-packages-for-2024-summer-olympics-in-paris-courtesy-of-visa As part of delivering premium offers and rewards to customers Retail Banking Oman's Bank Muscat Q1 net profit up 6%, beats estimate News Aggregation Team Monday, April 15, 2024 1:00 am http://middleeast.managersofwealth.com/article/47557/omanamp039s-bank-muscat-q1-net-profit-up-6-beats-estimate The net profit beat analysts’ mean estimate of OMR 52 million, according to LSEG data. Retail Banking The BNK Group expands its horizons into the GCC News Aggregation Team Monday, April 15, 2024 1:00 am http://middleeast.managersofwealth.com/article/47561/the-bnk-group-expands-its-horizons-into-the-gcc The BNK Group boasts a dedicated team of over 70 in-house designers, project managers, and site supervisors, curating a distinguished portfolio with 500+ executed projects. Retail Banking QNB: Financial Results For The Three Months Ended 31 March 2024 News Team Friday, April 12, 2024 1:00 am http://middleeast.managersofwealth.com/article/47553/qnb-financial-results-for-the-three-months-ended-31-march-2024 The ratio of non-performing loans to gross loans stood at 2.9% as at 31 March 2024 Retail Banking Commercial Bank champions sustainability with 'Build a Bike initiative' in Qatar News Aggregation Team Thursday, April 11, 2024 1:00 am http://middleeast.managersofwealth.com/article/47540/commercial-bank-champions-sustainability-with-amp039build-a-bike-initiativeamp039-in-qatar Commercial Bank has always been a key player in the Corporate Social Responsibility field Retail Banking QNB Al Ahli’s consolidated profits exceed $147.2mln in Q1-24 News Aggregation Team Wednesday, April 10, 2024 1:00 am http://middleeast.managersofwealth.com/article/47534/qnb-al-ahliamprsquos-consolidated-profits-exceed-1472mln-in-q1-24 The recorded net profits were higher year-on-year (YoY) than EGP 4.71 billion, including minority interest, according to the financial results Retail Banking Ro’ya Talent Program ends, marking milestone for Burgan Bank’s leadership development News Aggregation Team Wednesday, April 10, 2024 1:00 am http://middleeast.managersofwealth.com/article/47537/roamprsquoya-talent-program-ends-marking-milestone-for-burgan-bankamprsquos-leadership-development Bank cements its commitment to development of human capital Retail Banking Capital Bank renews partnership with Elia Nuqul Foundation and grants scholarships to 9 students News Team Monday, April 08, 2024 1:00 am http://middleeast.managersofwealth.com/article/47517/capital-bank-renews-partnership-with-elia-nuqul-foundation-and-grants-scholarships-to-9-students The provided scholarships will cover tuition fees in addition to providing a monthly allowance Retail Banking UAE's 15% remittance fee hike: Will more residents switch to digital when sending money? News Aggregation Team Friday, April 05, 2024 1:00 am http://middleeast.managersofwealth.com/article/47512/uaeamp039s-15-remittance-fee-hike-will-more-residents-switch-to-digital-when-sending-money From May, remittances from physical branches of UAE currency houses will cost 15% more Retail Banking QSE index begins trading in green zone News Aggregation Team Friday, April 19, 2024 1:00 am http://middleeast.managersofwealth.com/article/47596/qse-index-begins-trading-in-green-zone During the session, all sectors witnessed an increase Alternative Investments SAB partners with Saudi EXIM and Kafalah to boost SME exports News Aggregation Team Thursday, April 18, 2024 1:00 am http://middleeast.managersofwealth.com/article/47587/sab-partners-with-saudi-exim-and-kafalah-to-boost-sme-exports This collaboration will expand financing opportunities for small and medium-scale enterprises across various sectors, fostering an environment that will enable their international product exportation. Alternative Investments Qalaa Holdings signs debt settlement agreement with four banks News Team Wednesday, April 17, 2024 1:00 am http://middleeast.managersofwealth.com/article/47574/qalaa-holdings-signs-debt-settlement-agreement-with-four-banks Banque Misr, Banque Du Caire, Arab African International Bank, Al Ahli Bank of Kuwait, and Debt Restructuring Agreement with Arab International Bank Alternative Investments Banks, companies contribute EGP 68.85bn to mortgage finance initiative for low-income individuals in Q1 2024 News Aggregation Team Wednesday, April 17, 2024 1:00 am http://middleeast.managersofwealth.com/article/47578/banks-companies-contribute-egp-6885bn-to-mortgage-finance-initiative-for-low-income-individuals-in-q1-2024 This contribution accounts for 96.5% of the entire initiative. Alternative Investments Saudi Arabia’s point-of-sale transactions grew 20% to reach $14.33bn in February News Aggregation Team Monday, April 15, 2024 1:00 am http://middleeast.managersofwealth.com/article/47562/saudi-arabiaamprsquos-point-of-sale-transactions-grew-20-to-reach-1433bn-in-february The rise in POS payments mirrors the Kingdom’s drive toward digital transformation and its investments in a technology-centric future. Alternative Investments Saudi banks’ foreign assets surge by 22%, reflecting robust international investments News Aggregation Team Friday, April 12, 2024 1:00 am http://middleeast.managersofwealth.com/article/47549/saudi-banksamprsquo-foreign-assets-surge-by-22-reflecting-robust-international-investments The main difference between the foreign assets of central and commercial banks lies in their purpose and role within the financial system. Alternative Investments Arab stock markets show varied performance in Ramadan 2024 News Aggregation Team Friday, April 12, 2024 1:00 am http://middleeast.managersofwealth.com/article/47550/arab-stock-markets-show-varied-performance-in-ramadan-2024 The main index DFMGI of Dubai Financial Market showed the least decrease during Ramadan, with 0.21% (8.85 points) after closing at 4,244.15 points compared to 4,253 points Alternative Investments Investments in infrastructure, technology create job opportunities News Aggregation Team Friday, April 12, 2024 1:00 am http://middleeast.managersofwealth.com/article/47554/investments-in-infrastructure-technology-create-job-opportunities The country positions itself on the global map for hosting major international events Alternative Investments Riyadh climbs to 25th in IMD Smart City Index, Al-Khobar joins the ranks News Aggregation Team Thursday, April 11, 2024 1:00 am http://middleeast.managersofwealth.com/article/47542/riyadh-climbs-to-25th-in-imd-smart-city-index-al-khobar-joins-the-ranks Al-Khobar is the fifth Saudi metropolis to embrace innovative city initiatives, joining Riyadh, Makkah and Madinah as well as Jeddah. Alternative Investments UAE Property: ‘My landlord hasn’t signed the renewal contract’ News Aggregation Team Thursday, April 11, 2024 1:00 am http://middleeast.managersofwealth.com/article/47543/uae-property-amplsquomy-landlord-hasnamprsquot-signed-the-renewal-contractamprsquo Just knowing the landlord wants to evict all tenants is no reason to panic Alternative Investments The UAE is attracting HNWs – and wealth managers are following News Aggregation Team Tuesday, April 16, 2024 1:00 am http://middleeast.managersofwealth.com/article/47564/the-uae-is-attracting-hnws-ampndash-and-wealth-managers-are-following Some 4,500 millionaires moved to the UAE in 2023. Wealth & Asset Management StanChart ties up with Old Mutual for wealth platform News Aggregation Team Friday, April 05, 2024 1:00 am http://middleeast.managersofwealth.com/article/47508/stanchart-ties-up-with-old-mutual-for-wealth-platform The partnership is looking to expand in the Middle East, Africa and Southeast Asia. Wealth & Asset Management Egypt Post to establish $105.1mln asset management firm. News Aggregation Team Friday, April 05, 2024 1:00 am http://middleeast.managersofwealth.com/article/47509/egypt-post-to-establish-1051mln-asset-management-firm Ali added that the new company intends to launch new investment products in stocks, fixed-income instruments, and the establishment of investment funds of various types Wealth & Asset Management Dubai-headquartered Hoxton Capital Management hits $1.6bn AUM News Aggregation Team Thursday, April 04, 2024 1:00 am http://middleeast.managersofwealth.com/article/47501/dubai-headquartered-hoxton-capital-management-hits-16bn-aum The company has grown to 300 staff, with offices in the UAE, UK, USA, Europe, Australia and South Africa Wealth & Asset Management Bank Nizwa named Top Bank for Wealth Management in Oman at Cambridge Islamic Funds Awards News Team Monday, April 01, 2024 1:00 am http://middleeast.managersofwealth.com/article/47477/bank-nizwa-named-top-bank-for-wealth-management-in-oman-at-cambridge-islamic-funds-awards Accepting the accolade on behalf of the bank were Mr. Mohamed AlGhassani, Deputy General Manager Retail Banking, and Mr. Faisal Adawi, Head of Wealth Management and Sales Wealth & Asset Management World’s Best Bank Awards 2024 – Middle East News Team Wednesday, March 27, 2024 12:00 am http://middleeast.managersofwealth.com/article/47469/worldamprsquos-best-bank-awards-2024-ampndash-middle-east Banking has reached another watershed moment with the debut of generative artificial intelligence, which promises to rewrite the industry playbook Wealth & Asset Management Middle East’s best for UHNW: Emirates NBD Private Banking News Aggregation Team Monday, March 25, 2024 12:00 am http://middleeast.managersofwealth.com/article/47447/middle-eastamprsquos-best-for-uhnw-emirates-nbd-private-banking Under the Dubai-based bank’s Lombard lending programme, clients have access to secured lending against liquid assets such as investment securities. Wealth & Asset Management QNB awarded Euromoney’s ‘Best Private Bank’ in Qatar News Aggregation Team Monday, March 25, 2024 12:00 am http://middleeast.managersofwealth.com/article/47450/qnb-awarded-euromoneyamprsquos-amplsquobest-private-bankamprsquo-in-qatar Euromoney’s recognition was based on comprehensive certified qualitative Wealth & Asset Management The Independent Wealth Offering in the UAE – Corecam's David Doerig on Aligning Strategies and Solutions to Drive Efficiency and Evolve the Proposition News Aggregation Team Monday, March 25, 2024 12:00 am http://middleeast.managersofwealth.com/article/47451/the-independent-wealth-offering-in-the-uae-ampndash-corecamamp039s-david-doerig-on-aligning-strategies-and-solutions-to-drive-efficiency-and-evolve-the-proposition He spent several years in Taiwan and Hong Kong in different positions before moving to Singapore over a decade ago. Wealth & Asset Management The Independent Wealth Offering in the UAE – Aligning Strategies and Solutions to Drive Efficiency and Evolve the Proposition News Aggregation Team Thursday, March 21, 2024 12:00 am http://middleeast.managersofwealth.com/article/47430/the-independent-wealth-offering-in-the-uae-ampndash-aligning-strategies-and-solutions-to-drive-efficiency-and-evolve-the-proposition The accolade is a feather in the cap for GSB, which Ross and Alison Whatnall founded. Wealth & Asset Management Global Finance Names The Innovators 2024 – Top Financial Innovations by Category News Team Friday, April 19, 2024 1:00 am http://middleeast.managersofwealth.com/article/47591/global-finance-names-the-innovators-2024-ampndash-top-financial-innovations-by-category The June issue will also include the Most Innovative Banks and Fintechs and the Top Global Financial Innovations. FinTech Binance Blockchain Week brings the future of Web3 to Dubai News Team Friday, April 19, 2024 1:00 am http://middleeast.managersofwealth.com/article/47595/binance-blockchain-week-brings-the-future-of-web3-to-dubai Binance Blockchain Week offers a platform for industry leaders to engage in meaningful discussions to further drive the development and adoption of Web3. FinTech Microsoft Invests $1.5 Billion in Abu Dhabi’s G42 to Accelerate AI Development and Global Expansion News Aggregation Team Wednesday, April 17, 2024 1:00 am http://middleeast.managersofwealth.com/article/47576/microsoft-invests-15-billion-in-abu-dhabiamprsquos-g42-to-accelerate-ai-development-and-global-expansion This strategic investment will enhance the UAE’s position as a global AI hub and provide further opportunities for partners and customers to innovate and grow. FinTech NBO’s hassle-free digital credit card application empowers customers News Team Tuesday, April 16, 2024 1:00 am http://middleeast.managersofwealth.com/article/47566/nboamprsquos-hassle-free-digital-credit-card-application-empowers-customers This innovative service aligns with Oman Vision 2040 and NBO’s strategic objective of digitisation products and services, leveraging technology to streamline financial services FinTech Hub71 welcomes 25 startups from 11 countries as part of its 14th cohort News Team Tuesday, April 16, 2024 1:00 am http://middleeast.managersofwealth.com/article/47569/hub71-welcomes-25-startups-from-11-countries-as-part-of-its-14th-cohort Startups onboarded will join Hub71’s Access program and specialist ecosystems Hub71+ Digital Assets and Hub71+ ClimateTech FinTech NBO & Zumr team to boost FinTech innovation and empower SMEs News Aggregation Team Monday, April 15, 2024 1:00 am http://middleeast.managersofwealth.com/article/47556/nbo-ampamp-zumr-team-to-boost-fintech-innovation-and-empower-smes This alliance marks a significant step towards transforming traditional savings and lending systems by harnessing the power of digital solutions and incentivised saving plans. FinTech Crypto crime value dropped significantly in 2023, shows Chainalysis report News Aggregation Team Monday, April 15, 2024 1:00 am http://middleeast.managersofwealth.com/article/47558/crypto-crime-value-dropped-significantly-in-2023-shows-chainalysis-report Nicola Buonanno, VP Southern EMEA, Chainalysis shares key developments in the threat landscape based on the findings of the company’s 2024 Crypto Crime Report FinTech Egyptian imports of mobile phones decline by $242K last January News Aggregation Team Wednesday, April 10, 2024 1:00 am http://middleeast.managersofwealth.com/article/47536/egyptian-imports-of-mobile-phones-decline-by-242k-last-january Last January, the value of imports recorded a decline of 25.3%, reaching $5.54 billion during the month of January 2024 FinTech EazyPay honored among leading financial technology companies in the Forbes Middle East FinTech 50 News Team Wednesday, April 10, 2024 1:00 am http://middleeast.managersofwealth.com/article/47538/eazypay-honored-among-leading-financial-technology-companies-in-the-forbes-middle-east-fintech-50 EazyPay ranked 19th out of 23 payment gateway companies, solidifying its place as a leader in the online payment industry FinTech 53% of devices infected with data-stealing malware are corporate, Kaspersky finds News Team Tuesday, April 09, 2024 1:00 am http://middleeast.managersofwealth.com/article/47527/53-of-devices-infected-with-data-stealing-malware-are-corporate-kaspersky-finds The share of corporate devices compromised with data-stealing malware has increased by one third since 2020 FinTech Emirates Islamic debuts $500 million financing facility News Aggregation Team Friday, April 19, 2024 1:00 am http://middleeast.managersofwealth.com/article/47597/emirates-islamic-debuts-500-million-financing-facility Financing facility is the 1st of its kind by a Shariah-compliant financial institution Islamic Finance QIIB awarded highest certification in payment security, data protection News Aggregation Team Monday, April 08, 2024 1:00 am http://middleeast.managersofwealth.com/article/47522/qiib-awarded-highest-certification-in-payment-security-data-protection This certification gained momentum and additional importance with the new standard Islamic Finance Islamic Banking’s Evolution: Q&A With Ahli United Bank Group CEO Ahmed Alkharji News Aggregation Team Friday, April 05, 2024 1:00 am http://middleeast.managersofwealth.com/article/47511/islamic-bankingamprsquos-evolution-qampampa-with-ahli-united-bank-group-ceo-ahmed-alkharji Global Finance: Last year, Ahli United Bank [AUB] completed its conversion to an all-Islamic bank. Why did you choose to drop conventional banking? Islamic Finance Bank Nizwa approves cash dividends and Sukuk distribution at its Annual Ordinary and Extraordinary General Meetings News Team Thursday, March 28, 2024 12:00 am http://middleeast.managersofwealth.com/article/47472/bank-nizwa-approves-cash-dividends-and-sukuk-distribution-at-its-annual-ordinary-and-extraordinary-general-meetings The bank reviewed its performance during the fiscal year ending on December 31, 2023, during which it achieved a strong financial performance Islamic Finance Khaleeji Bank holds its Annual General Meeting News Team Tuesday, March 26, 2024 12:00 am http://middleeast.managersofwealth.com/article/47457/khaleeji-bank-holds-its-annual-general-meeting New Board Members Elected Islamic Finance QIB recognized as World’s Best Islamic Retail Bank by The Asian Banker News Team Monday, March 25, 2024 12:00 am http://middleeast.managersofwealth.com/article/47453/qib-recognized-as-worldamprsquos-best-islamic-retail-bank-by-the-asian-banker QIB was awarded the World’s Best Islamic Retail Bank and Best Islamic Retail Bank in Qatar reflecting its exceptional performance Islamic Finance Bank of Sharjah acts as mandated lead arranger in a $800 million credit facility for Investcorp Capital News Aggregation Team Monday, March 18, 2024 12:00 am http://middleeast.managersofwealth.com/article/47410/bank-of-sharjah-acts-as-mandated-lead-arranger-in-a-800-million-credit-facility-for-investcorp-capital Transaction gained significant market interest Islamic Finance NBO Muzn Islamic Banking and Ministry of Awqaf simplify Haj Payment through digital innovation News Team Thursday, March 14, 2024 12:00 am http://middleeast.managersofwealth.com/article/47394/nbo-muzn-islamic-banking-and-ministry-of-awqaf-simplify-haj-payment-through-digital-innovation The digitalised payment process enhances the overall experience for both businesses and individual pilgrims by providing a seamless and user-friendly platform Islamic Finance Dhofar Islamic introduces Ladies Account inspiring women’s financial independence News Team Thursday, March 14, 2024 12:00 am http://middleeast.managersofwealth.com/article/47395/dhofar-islamic-introduces-ladies-account-inspiring-womenamprsquos-financial-independence The Ladies Account is a Shari’a compliant savings account (based on Mudarabah principles). Islamic Finance Gulf Islamic Investments acquires a licensed investment and asset management firm in the Kingdom of Saudi Arabia News Team Wednesday, March 06, 2024 12:00 am http://middleeast.managersofwealth.com/article/47348/gulf-islamic-investments-acquires-a-licensed-investment-and-asset-management-firm-in-the-kingdom-of-saudi-arabia GII’s fully-fledged investment licence in the Kingdom, under the name Gulf International Investment Company, creates new opportunities to expand its business in the country Islamic Finance Middle East conflict: An update from our investment team News Team Friday, April 19, 2024 1:00 am http://middleeast.managersofwealth.com/article/47590/middle-east-conflict-an-update-from-our-investment-team Our funds and portfolios remain diversified in light of the recent escalation of events in the Middle East. Research, Comment and Analysis World Bank projects GCC growth rate to score 3.6% in 2024 and 3.8% in 2025 News Team Thursday, April 18, 2024 1:00 am http://middleeast.managersofwealth.com/article/47584/world-bank-projects-gcc-growth-rate-to-score-36-in-2024-and-38-in-2025 The indecisive statistics for the interest rate outcome in the US taps into the grounds of the UAE’s economic model Research, Comment and Analysis GCC countries must strengthen supply chains to safeguard industrial growth strategies - Oliver Wyman report News Team Thursday, April 18, 2024 1:00 am http://middleeast.managersofwealth.com/article/47585/gcc-countries-must-strengthen-supply-chains-to-safeguard-industrial-growth-strategies-oliver-wyman-report As GCC countries embark on large scale industrialization of their economies, governments should develop supply chain resilience strategies and enablers to safeguard their national industrial growth Research, Comment and Analysis Kuwaiti companies see 5.19% surge in shareholders’ equity News Aggregation Team Thursday, April 18, 2024 1:00 am http://middleeast.managersofwealth.com/article/47586/kuwaiti-companies-see-519-surge-in-shareholdersamprsquo-equity The growth in shareholders’ equity is significant for the financial market, as it refl ects the overall health and performance of companies. Research, Comment and Analysis Azizi Developments’ fourth phase of Riviera marks 73% completion News Team Thursday, April 18, 2024 1:00 am http://middleeast.managersofwealth.com/article/47589/azizi-developmentsamprsquo-fourth-phase-of-riviera-marks-73-completion Completions across the fourth phase are set for Q3 2024 Research, Comment and Analysis Egypt’s economic reforms yielding positive results: finance minister News Aggregation Team Tuesday, April 16, 2024 1:00 am http://middleeast.managersofwealth.com/article/47565/egyptamprsquos-economic-reforms-yielding-positive-results-finance-minister The minister noted that this success reflects the international recognition of the north African country’s economy Research, Comment and Analysis Middle East 'leading world travel industry boom in 2024' News Aggregation Team Friday, April 12, 2024 1:00 am http://middleeast.managersofwealth.com/article/47547/middle-east-amp039leading-world-travel-industry-boom-in-2024amp039 The Middle East, in particular, has emerged as a testament to the industry’s resilient and dynamic expansion, said Travel and Tour World Research, Comment and Analysis Can ‘credit shield’ save you when credit card debts pile up after cash crunch crises? News Aggregation Team Friday, April 12, 2024 1:00 am http://middleeast.managersofwealth.com/article/47548/can-amplsquocredit-shieldamprsquo-save-you-when-credit-card-debts-pile-up-after-cash-crunch-crises The credit card feature offers protection for you in case of job loss, disability, death Research, Comment and Analysis Middle East Insights: Oman's grand vision for economic transformation News Aggregation Team Thursday, April 11, 2024 1:00 am http://middleeast.managersofwealth.com/article/47544/middle-east-insights-omanamp039s-grand-vision-for-economic-transformation A recent development has thrust Oman into the spotlight as the sultanate unveiled the Oman Future Fund in late March Research, Comment and Analysis GCC consulting market to hit $6bn this year with hiring plans bucking global layoffs News Aggregation Team Wednesday, April 10, 2024 1:00 am http://middleeast.managersofwealth.com/article/47535/gcc-consulting-market-to-hit-6bn-this-year-with-hiring-plans-bucking-global-layoffs Sector grew more than 13 per cent to $5bn in revenue last year amid diversification push Research, Comment and Analysis EFG Hermes completes advisory on $428.7mln IPO of Parkin on the DFM News Team Thursday, March 21, 2024 12:00 am http://middleeast.managersofwealth.com/article/47432/efg-hermes-completes-advisory-on-4287mln-ipo-of-parkin-on-the-dfm The IPO set a record for the most subscribed offering on the Dubai Financial Market, with an overall subscription of approximately 165 times Investment Bank Morgan Stanley opens office in Abu Dhabi News Aggregation Team Friday, March 01, 2024 12:00 am http://middleeast.managersofwealth.com/article/47323/morgan-stanley-opens-office-in-abu-dhabi ADGM office will be investment bank’s fourth in the region in addition to those in Dubai, Riyadh and Qatar Investment Bank BankDhofar Investment Banking sustaining customer value with innovative financial strategies News Team Tuesday, January 16, 2024 12:00 am http://middleeast.managersofwealth.com/article/47052/bankdhofar-investment-banking-sustaining-customer-value-with-innovative-financial-strategies The division's consistent success is underscored by its continuously expanding and diverse client base, encompassing startups to well-established corporations and inclusive of public and government sector organizations Investment Bank Saudi EXIM and Banque Saudi Fransi collaborate to enhance SME export funding News Aggregation Team Wednesday, November 22, 2023 12:00 am http://middleeast.managersofwealth.com/article/46762/saudi-exim-and-banque-saudi-fransi-collaborate-to-enhance-sme-export-funding This initiative is part of Saudi EXIM’s strategy to foster partnerships with the private sector Investment Bank EFG Holding posts EGP3bn in Q3 2023 revenue News Aggregation Team Thursday, November 16, 2023 12:00 am http://middleeast.managersofwealth.com/article/46729/efg-holding-posts-egp3bn-in-q3-2023-revenue The banking group’s net profit after tax and minority interest rose by 24 per cent to reach EGP395m Investment Bank GFH's Q3 profit rises on investment banking income News Aggregation Team Wednesday, November 15, 2023 12:00 am http://middleeast.managersofwealth.com/article/46719/gfhamp039s-q3-profit-rises-on-investment-banking-income The company aims to grow its portfolio with new investments in GCC and the US Investment Bank MUFG supports the financing of AviLease’s acquisition of Standard Chartered’s aviation leasing business News Team Friday, November 03, 2023 12:00 am http://middleeast.managersofwealth.com/article/46658/mufg-supports-the-financing-of-avileaseamprsquos-acquisition-of-standard-charteredamprsquos-aviation-leasing-business MUFG supported AviLease in its first acquisition financing, which relied on a group of four international leading banks to ensure optimal structuring and execution Investment Bank Al Ahly Pharos Investment Banking successfully concludes first securitization issuance worth EGP 789mln News Team Tuesday, September 26, 2023 1:00 am http://middleeast.managersofwealth.com/article/46420/al-ahly-pharos-investment-banking-successfully-concludes-first-securitization-issuance-worth-egp-789mln Backed by the portfolio assigned from Rawasi for Urban Development Investment Bank Northern Trust Grows Front Office Solutions Business in EMEA Market News Team Monday, September 11, 2023 1:00 am http://middleeast.managersofwealth.com/article/46319/northern-trust-grows-front-office-solutions-business-in-emea-market Northern Trust Front Office Solutions builds momentum in EMEA amidst growing demand for more diversified portfolios Investment Bank Spanish investment bank Alantra hiring for new Gulf-focused office in Dubai News Aggregation Team Thursday, August 31, 2023 1:00 am http://middleeast.managersofwealth.com/article/46265/spanish-investment-bank-alantra-hiring-for-new-gulf-focused-office-in-dubai Alantra said in a statement that it was in the process of interviewing candidates and hoped to announce new hires before the end of the year. Investment Bank Abu Dhabi Chamber supports sustainable innovative solutions News Team Tuesday, April 16, 2024 1:00 am http://middleeast.managersofwealth.com/article/47567/abu-dhabi-chamber-supports-sustainable-innovative-solutions Nine companies participating as part of its Pavilion at WFES Planet SOS Sparklo leads environmental impact with 14.5mln plastic bottles and cans recycled in the UAE News Team Thursday, April 11, 2024 1:00 am http://middleeast.managersofwealth.com/article/47541/sparklo-leads-environmental-impact-with-145mln-plastic-bottles-and-cans-recycled-in-the-uae Since its launch a little over a year ago, Sparklo has installed 170 Reverse Vending Machines (RVMs), called Sparklomats, across the UAE Planet SOS Saudi Arabia’s green hydrogen production efficiency positions it as a global leader: report News Aggregation Team Monday, April 08, 2024 1:00 am http://middleeast.managersofwealth.com/article/47520/saudi-arabiaamprsquos-green-hydrogen-production-efficiency-positions-it-as-a-global-leader-report The analysis further emphasizes that by 2030 Planet SOS Global startups awarded in Dubai for innovation and sustainability News Team Friday, March 22, 2024 12:00 am http://middleeast.managersofwealth.com/article/47441/global-startups-awarded-in-dubai-for-innovation-and-sustainability VerdExim Sustainability Awards aim to inspire, support and amplify the efforts of startups shaping a sustainable future Planet SOS DMCC unveils new hub to power ESG impact News Aggregation Team Friday, March 08, 2024 12:00 am http://middleeast.managersofwealth.com/article/47361/dmcc-unveils-new-hub-to-power-esg-impact The new ecosystem will pioneer environmental, social, and governance (ESG) best practices among DMCC’s member base of over 24,000 companies Planet SOS CaixaBank, leading bank on Sustainable Finance in EMEA in 2023, according to the Refinitiv ranking News Team Friday, February 16, 2024 12:00 am http://middleeast.managersofwealth.com/article/47236/caixabank-leading-bank-on-sustainable-finance-in-emea-in-2023-according-to-the-refinitiv-ranking Sustainability is a pillar of CaixaBank’s 2022-24 Strategic Plan. Planet SOS Green, ESG-linked bonds issuance to hit over $1tn worldwide in 2024 News Aggregation Team Thursday, February 15, 2024 12:00 am http://middleeast.managersofwealth.com/article/47229/green-esg-linked-bonds-issuance-to-hit-over-1tn-worldwide-in-2024 It is projected that Saudi Arabia and the UAE will continue to dominate the regional green bond market. Planet SOS ADIB continues to drive sustainability with "VOLT" Electric Vehicle Finance Program News Team Thursday, February 08, 2024 12:00 am http://middleeast.managersofwealth.com/article/47190/adib-continues-to-drive-sustainability-with-ampquotvoltampquot-electric-vehicle-finance-program he program offers a competitive financing rate starting from 1.79%, the lowest in the industry for new electric vehicles (EVs). Planet SOS Emirates Nature-WWF to advance UAE's sustainable blue economy News Aggregation Team Wednesday, February 07, 2024 12:00 am http://middleeast.managersofwealth.com/article/47178/emirates-nature-wwf-to-advance-uaeamp039s-sustainable-blue-economy The ‘blue economy’ is a concept that captures the economic value of the world’s oceans and its life. Planet SOS Gulf Bank launches 'A Step towards change' environmental sustainability initiative News Team Tuesday, January 30, 2024 12:00 am http://middleeast.managersofwealth.com/article/47133/gulf-bank-launches-amp039a-step-towards-changeamp039-environmental-sustainability-initiative In collaboration with the Environment Public Authority and five cooperative societies, marking the initial phase Planet SOS