Managers of Wealth - Middle East http://middleeast.managersofwealth.com/ Wed, 14 Apr 2021 21:43:18 BST part of MediaG8way Group http://middleeast.managersofwealth.com/ http://middleeast.managersofwealth.com/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP SHUAA announces Senior Executive promotions News Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38775/shuaa-announces-senior-executive-promotions He has been promoted to Managing Director, Head of Public and Private Markets with additional responsibility for overseeing SHUAA's technology investments On the Move Northern Trust Names Head of Institutional Investor Group, EMEA News Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38781/northern-trust-names-head-of-institutional-investor-group-emea Appointment Expands Role in Leading Provision of Strategic Asset Servicing Support to Institutional Investors Across Region On the Move Abdul Rahman Al Thehaiban joins Google Cloud as Managing Director, Middle East, Turkey and Africa News Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38783/abdul-rahman-al-thehaiban-joins-google-cloud-as-managing-director-middle-east-turkey-and-africa He will support current and future Google Cloud customers and partners to accelerate their digital transformation and drive the growth of Google Cloud in these areas On the Move ADGM establishes "ADGM Authority" and appoints Chief Executive Officer News Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38761/adgm-establishes-ampquotadgm-authorityampquot-and-appoints-chief-executive-officer This newly constituted Authority will be led by Mr. Mark Nicholas Cutis as its Chief Executive Officer, who will assume his position on June 1st, 2021 On the Move Saudi female elected first president of Digital Cooperation Organization News Aggregation Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38763/saudi-female-elected-first-president-of-digital-cooperation-organization The DCO aims to strengthen collaboration among member nations as they adapt to a global economy increasingly defined by technological innovation. On the Move Deutsche Bank bolsters European Spac expertise ahead of expected boom News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38727/deutsche-bank-bolsters-european-spac-expertise-ahead-of-expected-boom The bank has been hiring for junior and mid-ranking talent to support Michele Cohen, its head of special purpose acquisition company origination in Emea On the Move Sheikh Mansour to head UAE Central Bank board of directors News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38740/sheikh-mansour-to-head-uae-central-bank-board-of-directors Khalid Muhammad Balama Al Tameemi was named last week as governor of the Gulf state’s central bank. — Staff Report On the Move UAE Names Jassem Al Zaabi as Central Bank Vice Chairman News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38743/uae-names-jassem-al-zaabi-as-central-bank-vice-chairman Board reorganization follows Al Tameemi as central bank chief On the Move Emaar chief, Mohamed Alabbar, to chair new UAE digital bank News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38749/emaar-chief-mohamed-alabbar-to-chair-new-uae-digital-bank Zand aims to make banking quicker and simpler, via its digital offerings On the Move Deloitte partner Muzammil Ebrahim joins Middle East team News Aggregation Team Thursday, April 08, 2021 1:00 am http://middleeast.managersofwealth.com/article/38705/deloitte-partner-muzammil-ebrahim-joins-middle-east-team In the role, he led engagements at clients in the government and private sector, worked across Africa, the Middle East and South East Asia. On the Move Kuwait court orders pre-trial detention of former premier, newspapers say News Aggregation Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38769/kuwait-court-orders-pre-trial-detention-of-former-premier-newspapers-say The court denied a request to release Sheikh Khalid, also a senior member of the Gulf Arab state's ruling family, Al Jarida and Al Qabas dailies said Legal, Tax, Regulation & Compliance Walter Jopp says some UAE advice firms ‘will not survive’ News Aggregation Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38771/walter-jopp-says-some-uae-advice-firms-amplsquowill-not-surviveamprsquo But Zurich Middle East CEO remains ‘committed’ to a ‘multi-channel distribution strategy’ Legal, Tax, Regulation & Compliance UAE adopts guidelines to combat money laundering and financial crimes News Aggregation Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38773/uae-adopts-guidelines-to-combat-money-laundering-and-financial-crimes An updated national action plan for strengthening financial inclusion discussed Legal, Tax, Regulation & Compliance Swiss money laundering probe eyes Lebanon central bank chief: report News Aggregation Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38776/swiss-money-laundering-probe-eyes-lebanon-central-bank-chief-report Contacted by AFP, the Swiss attorney general's office confirmed Tuesday that its aggravated money laundering probe involving Lebanon's central bank was ongoing, but refrained from further comment. Legal, Tax, Regulation & Compliance De Gaulle Fleurance & Associés open a subsidiary in Abu Dhabi News Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38780/de-gaulle-fleurance-ampamp-associampeacutes-open-a-subsidiary-in-abu-dhabi Registered with the Abu Dhabi Global Market, De Gaulle Fleurance EMEA Ltd. provides support and advice to companies seeking to establish a presence and to carry out investment projects in the Europe/Middle-East/Africa region. Legal, Tax, Regulation & Compliance Entry into force of double taxation agreements with Brazil and Saudi Arabia News Aggregation Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38753/entry-into-force-of-double-taxation-agreements-with-brazil-and-saudi-arabia The agreement between the Swiss Federal Council and the Government of the Kingdom of Saudi Arabia for the avoidance of double taxation with respect to taxes on income and capital entered into force on 1 April 2021. Legal, Tax, Regulation & Compliance Dentons advises the Islamic Development Bank on largest sustainable sukuk issuance News Aggregation Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38755/dentons-advises-the-islamic-development-bank-on-largest-sustainable-sukuk-issuance The transaction also represented the largest sustainable sukuk issuance globally to date. Legal, Tax, Regulation & Compliance Deloitte advises education firm Al Faleh on its stock debut News Aggregation Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38760/deloitte-advises-education-firm-al-faleh-on-its-stock-debut “a listing and trading venue for SME’s that do not fulfil listing requirement of the main market,” and “an alternative route to market for the SME’s who need the access to capital that being listed entails.” Legal, Tax, Regulation & Compliance Al Maryah Community Bank receives approval from UAE Central Bank News Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38762/al-maryah-community-bank-receives-approval-from-uae-central-bank Customers can seamlessly open their accounts and experience a whole lot of smart banking services built on AI powered technology integrated with UAE Government's Smart Services Legal, Tax, Regulation & Compliance DIFC: Domicile for fund managers and funds News Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38764/difc-domicile-for-fund-managers-and-funds Our proficiency extends to listed and Public Funds, Exempt Funds and Qualified Investor Funds as well as the coordination of External Funds by DIFC Fund Managers across a range of asset classes, both conventional and Sharia compliant. Legal, Tax, Regulation & Compliance Banque Misr achieves LE 24B in profits in FY 2019/20 News Aggregation Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38770/banque-misr-achieves-le-24b-in-profits-in-fy-201920 The bank’s retail portfolio reached some LE 47.9 billion in June 2020 versus LE 31.5 billion in June 2019 with 2.1 percent growth rate. Retail Banking UAE banks’ loan loss provisions surge 71.6% to $8.2bln News Aggregation Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38772/uae-banksamprsquo-loan-loss-provisions-surge-716-to-82bln According to Moody’s, the four biggest UAE banks reported a 43 per cent jump in bad loan provisions in 2020 Retail Banking Qatar- Commercial Bank successfully taps Swiss franc bond market for fifth time News Aggregation Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38782/qatar-commercial-bank-successfully-taps-swiss-franc-bond-market-for-fifth-time This latest deal is a 'great result for Commercial Bank, demonstrating its financial strength and the confidence the bank has earned from debt and equity investors. Retail Banking Al Salam Bank launches the Danat Savings Scheme for 2021 News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38728/al-salam-bank-launches-the-danat-savings-scheme-for-2021 Al Salam Bank unveils new prize categories for its Danat Savings Scheme with daily and monthly cash prizes available throughout the year, alongside a brand-new category for 'Never Before A Winner' Retail Banking OAB Receives K2 Middle East Workflow Hero Award 2020 News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38737/oab-receives-k2-middle-east-workflow-hero-award-2020 In recognition of efforts aimed at enhancing customer experience and solving complex challenges across the business Retail Banking Qatar National Bank net profit falls 7% as provisions climb News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38741/qatar-national-bank-net-profit-falls-7-as-provisions-climb The cost to income ratio improved from 25.6 percent in the first quarter of 2020 and 24.3 percent in the fourth quarter. Retail Banking QIB Profit grows by 9% to reach QAR 750 Million for three months' period ended 31st March 2021 News Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38745/qib-profit-grows-by-9-to-reach-qar-750-million-for-three-monthsamp039-period-ended-31st-march-2021 Total Assets reach QAR 180 Billion Retail Banking Central Bank of Oman unveils new brand identity News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38751/central-bank-of-oman-unveils-new-brand-identity The motifs, which are placed at the centre of the logo, create a mental image in one’s mind, and present a strong perception and visual, symbolising the primary authority of the bank and indicating its vision, mission and goals. Retail Banking Saudi’s Islamic Development Bank lists $2.5bn sustainability sukuk on Nasdaq Dubai News Aggregation Team Wednesday, April 07, 2021 1:00 am http://middleeast.managersofwealth.com/article/38691/saudiamprsquos-islamic-development-bank-lists-25bn-sustainability-sukuk-on-nasdaq-dubai The total value of the bank’s sukuk listed on Nasdaq Dubai stands at $17.14bn Retail Banking ahlibank’s OMR30 million rights issue oversubscribed 1.29 times News Aggregation Team Wednesday, April 07, 2021 1:00 am http://middleeast.managersofwealth.com/article/38693/ahlibankamprsquos-omr30-million-rights-issue-oversubscribed-129-times Post issue, the bank's issued and paid-up share will increase to OMR194.9 million from the current OMR164.9 million. Retail Banking Franklin Templeton celebrates 20 years in the Middle East News Aggregation Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38774/franklin-templeton-celebrates-20-years-in-the-middle-east The organisation opened its first office in Abu Dhabi in the Middle East in 2000 Alternative Investments Egypt Sovereign Fund puts Tahrir Complex development into motion News Aggregation Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38756/egypt-sovereign-fund-puts-tahrir-complex-development-into-motion Diversifying uses of Tahrir building will ensure bringing in non-stop returns, whether from hotel or commercial units: Fund’s CEO Alternative Investments Dubai’s Alabbar to lead new digital-only UAE bank News Aggregation Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38765/dubaiamprsquos-alabbar-to-lead-new-digital-only-uae-bank Online banking has become increasingly popular in the UAE, especially as a result of restrictions as a result of the pandemic Alternative Investments How investors' confidence has been renewed as coronavirus recovery continues News Aggregation Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38766/how-investorsamp039-confidence-has-been-renewed-as-coronavirus-recovery-continues Investors are increasingly seeking opportunities in emerging markets, healthcare, tech, green industrial sectors in the wake of the pandemic Alternative Investments Lenders push Saudi index down News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38731/lenders-push-saudi-index-down Other GCC markets traded higher ahead of first-quarter results Alternative Investments Lootah Global Capital and Heritage Amanah International to advice on Indonesian tech company's Gulf IPO News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38732/lootah-global-capital-and-heritage-amanah-international-to-advice-on-indonesian-tech-companyamp039s-gulf-ipo The companies agreed to explore opportunities between Mena and South East Asia following the UAE's investment in Indonesia's sovereign wealth fund Alternative Investments Dubai FDI and CIG Group partner to boost investment in the UAE News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38739/dubai-fdi-and-cig-group-partner-to-boost-investment-in-the-uae The strategic alliance will promote cross-border business and investment opportunities Alternative Investments Emaar Properties highlights resilient performance at its 25th annual general meeting News Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38746/emaar-properties-highlights-resilient-performance-at-its-25th-annual-general-meeting The dividend distribution proposal from the Board of Directors representing 10 per cent of the share capital was approved at the AGM, confirming Emaar's keenness to ensure added value for its shareholders Alternative Investments Middle East and Africa M&A activity jumps 52% in Q1 2021 News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38750/middle-east-and-africa-mampampa-activity-jumps-52-in-q1-2021 M&A targeting the region reached $32.7bn across 110 deals, up from $21.5bn in 85 deals in the first quarter of 2020 Alternative Investments Investments get ‘real’ as inflation fears dim appeal of bonds News Aggregation Team Friday, April 09, 2021 1:00 am http://middleeast.managersofwealth.com/article/38721/investments-get-amplsquorealamprsquo-as-inflation-fears-dim-appeal-of-bonds “The reversal of bond yields this year is the game changer for the 60-40 portfolio,” Alternative Investments Wealth firm launches in Dubai under DFSA rules News Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38778/wealth-firm-launches-in-dubai-under-dfsa-rules Bold expansion plans include more staff and a larger portfolio of clients to offer relevant and customised solutions Wealth & Asset Management Dubai improves ranking on lifestyle index as the rich continue luxury spending News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38729/dubai-improves-ranking-on-lifestyle-index-as-the-rich-continue-luxury-spending Julius Baer Lifestyle Index 2021 is based on the prices of a basket of consumer goods and services that reflect the HNWI lifestyle Wealth & Asset Management BMO refocuses Wealth Management business for North American growth, announces sale of EMEA Asset Management business News Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38752/bmo-refocuses-wealth-management-business-for-north-american-growth-announces-sale-of-emea-asset-management-business As part of the transaction, BMO and Columbia Threadneedle will also establish a strategic relationship to offer BMO's North American Wealth Management clients opportunities Wealth & Asset Management Global Wealth and Lifestyle Report 2021: Key Findings News Team Friday, April 09, 2021 1:00 am http://middleeast.managersofwealth.com/article/38723/global-wealth-and-lifestyle-report-2021-key-findings Julius Baer’s Global Wealth and Lifestyle Report 2021 explores the evolving world of high-end consumption. Wealth & Asset Management Gulf states should not ignore value of talented, wealth-creating expats - PwC News Aggregation Team Tuesday, April 06, 2021 1:00 am http://middleeast.managersofwealth.com/article/38670/gulf-states-should-not-ignore-value-of-talented-wealth-creating-expats-pwc PwC says increasing taxes could weigh on businesses and impede efforts to attract foreign investment Wealth & Asset Management Labuan IBFC: The Fastest Growing Captive Insurance Centre in Asia and MENA News Team Tuesday, April 06, 2021 1:00 am http://middleeast.managersofwealth.com/article/38681/labuan-ibfc-the-fastest-growing-captive-insurance-centre-in-asia-and-mena The report also indicated that although global captive numbers fell slightly in 2020, there was a surge in captive cell formations, which provides an efficient and convenient alternative to single parent captive structures. Wealth & Asset Management Abu Dhabi investment firm buys UAE wealth manager News Aggregation Team Tuesday, April 06, 2021 1:00 am http://middleeast.managersofwealth.com/article/38683/abu-dhabi-investment-firm-buys-uae-wealth-manager Company ‘aims to be the one stop shop for its clients’ Wealth & Asset Management Objectway As You've Never Seen It: A Tale Of A Rebranding News Team Tuesday, April 06, 2021 1:00 am http://middleeast.managersofwealth.com/article/38688/objectway-as-youamp039ve-never-seen-it-a-tale-of-a-rebranding We pursue a different, fresher and original style; starting from the website to the product offering, the whole Objectway’s imagine experiences a radical metamorphosis. Wealth & Asset Management Saudi asset management industry remains resilient, cautiously optimistic in 2021 News Aggregation Team Monday, April 05, 2021 1:00 am http://middleeast.managersofwealth.com/article/38659/saudi-asset-management-industry-remains-resilient-cautiously-optimistic-in-2021 Data shows Saudi asset management companies have recorded a steady growth in revenue, profitability and assets under management last year Wealth & Asset Management Multi-Billion Dollar conglomerate acquires leading wealth and asset management firm News Team Monday, April 05, 2021 1:00 am http://middleeast.managersofwealth.com/article/38667/multi-billion-dollar-conglomerate-acquires-leading-wealth-and-asset-management-firm With the successful completion of this transaction, AIP is now owned by the investment giant Al Hail Wealth & Asset Management KPMG financial services experts on the Middle East's fintech scene News Aggregation Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38779/kpmg-financial-services-experts-on-the-middle-eastamp039s-fintech-scene The development of global fintech funding across merger & acquisition, private equity and venture capital deals was a story of two tales in 2020. FinTech Emirates NBD aims to boost contactless adoption with prize draws News Aggregation Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38758/emirates-nbd-aims-to-boost-contactless-adoption-with-prize-draws “Following the significant rise in contactless payment volumes in the pandemic, we believe more than ever that the future of payments lies in contactless payment methods,” FinTech Retailers prepare for record online sales during Ramadan News Aggregation Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38759/retailers-prepare-for-record-online-sales-during-ramadan A significant driving force in this steady uptick amid challenging conditions is the rapid shift to online consumption in the Middle East FinTech Israeli regtech AML firm ‘considers public listing’ ahead of expected AI boom News Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38768/israeli-regtech-aml-firm-amplsquoconsiders-public-listingamprsquo-ahead-of-expected-ai-boom London, Tel Aviv and Australian exchanges have approached ThetaRay about listing, which is also interested in the Nasdaq, Gazit reportedly said. FinTech Challenger Banks in the Middle East: For The Digitally Savvy News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38736/challenger-banks-in-the-middle-east-for-the-digitally-savvy The GCC has some of the worlds highest usage of mobile phones, where it is estimated that by the end of 2019 nearly 280 million people in the MENA region (45% of the population) were connected to the internet. FinTech Saudi expansion in focus for Paymob after record Egypt fundraise News Aggregation Team Friday, April 09, 2021 1:00 am http://middleeast.managersofwealth.com/article/38717/saudi-expansion-in-focus-for-paymob-after-record-egypt-fundraise The Cairo-based firm, which provides mobile wallet products for companies including banks and phone operators and also helps process retail payments FinTech Egypt's Paymob scoops $18.5 million in new funding News Aggregation Team Friday, April 09, 2021 1:00 am http://middleeast.managersofwealth.com/article/38722/egyptamp039s-paymob-scoops-185-million-in-new-funding The company says it will use the funds to grow its merchant network and fuel its regional expansion efforts. FinTech Bahrain's Bet On Fintech News Aggregation Team Friday, April 09, 2021 1:00 am http://middleeast.managersofwealth.com/article/38725/bahrainamp039s-bet-on-fintech Bahrain aims to make itself both a fintech incubator and a destination for providers based elsewhere to develop and launch their solutions. FinTech UAE digital payments firm eyes Saudi Arabia expansion in 2021 News Aggregation Team Sunday, April 04, 2021 1:00 am http://middleeast.managersofwealth.com/article/38664/uae-digital-payments-firm-eyes-saudi-arabia-expansion-in-2021 According to its latest annual report for 2020, the company is planning to spend $20 million financing its expansion into the Saudi market. FinTech NOW Money raises $7m in capital for Gulf digital expansion News Aggregation Team Thursday, April 01, 2021 1:00 am http://middleeast.managersofwealth.com/article/38647/now-money-raises-7m-in-capital-for-gulf-digital-expansion The UAE-based fintech provides banking solutions for low-paid migrant workers FinTech KFH Demonstrates benefits of "It's Worth Transferring your Salary" Campaign News Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38735/kfh-demonstrates-benefits-of-ampquotitamp039s-worth-transferring-your-salaryampquot-campaign On Q8 Pulse Radio Station Islamic Finance Abu Dhabi Islamic Bank partners with IBM to accelerate its digital transformation News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38748/abu-dhabi-islamic-bank-partners-with-ibm-to-accelerate-its-digital-transformation Step will help enhance ADIB's digital infrastructure, modernise operations and automate processes Islamic Finance ADIB provides financing for Albilad Capital's £87M landmark acquisition of PWC HQ in Northern Ireland News Team Monday, April 05, 2021 1:00 am http://middleeast.managersofwealth.com/article/38665/adib-provides-financing-for-albilad-capitalamp039s-amppound87m-landmark-acquisition-of-pwc-hq-in-northern-ireland The property, known as Merchant Square, is situated at the heart of the Belfast Business District Islamic Finance Saudi Islamic Banks' Asset Quality Prone to Deterioration; Strong Capital and Liquidity News Aggregation Team Wednesday, March 31, 2021 1:00 am http://middleeast.managersofwealth.com/article/38621/saudi-islamic-banksamp039-asset-quality-prone-to-deterioration-strong-capital-and-liquidity Islamic banks will continue to face pressure on profitability, particularly from lower official profit rates and elevated financing impairment charges. Islamic Finance Robust legal, regulatory framework helps Islamic finance growth in Qatar: Al-Kuwari News Aggregation Team Wednesday, March 31, 2021 1:00 am http://middleeast.managersofwealth.com/article/38626/robust-legal-regulatory-framework-helps-islamic-finance-growth-in-qatar-al-kuwari Qatari Islamic banks, he said showed "strong performance and high growth rates" in their profits in 2019. Islamic Finance 7th Doha Islamic Finance Conference begins today News Aggregation Team Tuesday, March 30, 2021 1:00 am http://middleeast.managersofwealth.com/article/38611/7th-doha-islamic-finance-conference-begins-today Participants will include governmental bodies, international organisations, financial and academic institutions in the fields of economics, finance and technology. Islamic Finance Saudi Islamic fintech market projected to be worth $47.5bn by 2025 News Aggregation Team Monday, March 29, 2021 1:00 am http://middleeast.managersofwealth.com/article/38578/saudi-islamic-fintech-market-projected-to-be-worth-475bn-by-2025 Categories were weighted in order to derive an overall score, with a heavier weighting given to the categories deemed to drive conduciveness to Islamic fintech specifically. Islamic Finance Boubyan Bank sets yield at 3.95pc for perpetual dollar sukuk News Aggregation Team Friday, March 26, 2021 12:00 am http://middleeast.managersofwealth.com/article/38567/boubyan-bank-sets-yield-at-395pc-for-perpetual-dollar-sukuk Citi, NBK Capital, Standard Chartered , Abu Dhabi Islamic Bank, Boubyan Capital, Emirates NBD Capital, Kamco Invest, Kuwait International Bank and KFH Capital are arranging the deal, which is expected to close later on Wednesday. Islamic Finance NBB group AGM approves distribution of 20% cash dividends and 10% bonus shares News Team Thursday, March 25, 2021 12:00 am http://middleeast.managersofwealth.com/article/38528/nbb-group-agm-approves-distribution-of-20-cash-dividends-and-10-bonus-shares The Group's Shareholders eligible to receive the dividend, which will be distributed from 12th April 2021 Islamic Finance Moody's assigns Ba2 rating to Arabian Centres' sukuk offering News Aggregation Team Thursday, March 25, 2021 12:00 am http://middleeast.managersofwealth.com/article/38531/moodyamp039s-assigns-ba2-rating-to-arabian-centresamp039-sukuk-offering Agency says Saudi mall operator has strong market position, good liquidity Islamic Finance CFOs in Global Survey Reveal Pandemic Has Fundamentally Altered How They Hire and Manage Their Workforce News Team Wednesday, April 14, 2021 1:00 am http://middleeast.managersofwealth.com/article/38777/cfos-in-global-survey-reveal-pandemic-has-fundamentally-altered-how-they-hire-and-manage-their-workforce Sixty-five percent of Asia-Pacific respondents indicated that they expect to exceed goals and expectations for 2021, compared to 46% for UK and 47% for North America Research, Comment and Analysis 7% growth in global reinsurance capital, with signs of underlying combined ratio improvement: Willis Re News Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38754/7-growth-in-global-reinsurance-capital-with-signs-of-underlying-combined-ratio-improvement-willis-re Willis Re’s Reinsurance Market Report tracks the capital and profitability of the global reinsurance industry. Research, Comment and Analysis Strategic imperatives for UAE banks amid pandemic-stricken change News Aggregation Team Tuesday, April 13, 2021 1:00 am http://middleeast.managersofwealth.com/article/38757/strategic-imperatives-for-uae-banks-amid-pandemic-stricken-change These factors are not unique to the UAE: the global banking sector could according to McKinsey lose more than $4 trillion in the next three to four years owing to the present crisis. Research, Comment and Analysis Mena region faces a ‘turning point’ and needs to press on with reforms as it recovers from pandemic, IMF says News Aggregation Team Monday, April 12, 2021 1:00 am http://middleeast.managersofwealth.com/article/38742/mena-region-faces-a-amplsquoturning-pointamprsquo-and-needs-to-press-on-with-reforms-as-it-recovers-from-pandemic-imf-says Region's debt increased and financing needs for this year and next will reach $1.1tn, $300bn more than the previous two years, IMF official says in interview with The National Research, Comment and Analysis CI reaffirms QIB’s long term rating at A+ with stable outlook News Aggregation Team Friday, April 09, 2021 1:00 am http://middleeast.managersofwealth.com/article/38716/ci-reaffirms-qibamprsquos-long-term-rating-at-a-with-stable-outlook The report also said that QIB’s profitability is strong and its earnings quality is good, with the Bank posting consistent results. Research, Comment and Analysis Forbes Middle East reveals The World's Richest Arabs 2021 News Team Thursday, April 08, 2021 1:00 am http://middleeast.managersofwealth.com/article/38703/forbes-middle-east-reveals-the-worldamp039s-richest-arabs-2021 The annual list features 22 Arab billionaires, who are collectively worth $53.4 billion Research, Comment and Analysis How Roland Berger helps young strategy consultants learn fast News Aggregation Team Thursday, April 08, 2021 1:00 am http://middleeast.managersofwealth.com/article/38704/how-roland-berger-helps-young-strategy-consultants-learn-fast In particular, many of the best and brightest graduates are drawn to the strategy segment of the consulting sector. Research, Comment and Analysis Doha Bank hosts online event ‘Investment Outlook’ for high net worth clients News Aggregation Team Tuesday, April 06, 2021 1:00 am http://middleeast.managersofwealth.com/article/38684/doha-bank-hosts-online-event-amplsquoinvestment-outlookamprsquo-for-high-net-worth-clients The long-term outlook remains positive given the vaccine-driven economic recovery. Research, Comment and Analysis Why Lebanon ran out of money and what it can do now News Aggregation Team Monday, April 05, 2021 1:00 am http://middleeast.managersofwealth.com/article/38662/why-lebanon-ran-out-of-money-and-what-it-can-do-now The situation is exacerbated by the banking crisis and the effects of the pandemic. Research, Comment and Analysis Consumer confidence highest since 2015, says Dubai Economy News Aggregation Team Thursday, April 01, 2021 1:00 am http://middleeast.managersofwealth.com/article/38637/consumer-confidence-highest-since-2015-says-dubai-economy The Consumer Confidence Index captures a consumer's perceptions on the overall economy Research, Comment and Analysis World’s Best Investment Banks 2021: M&A News Aggregation Team Tuesday, April 06, 2021 1:00 am http://middleeast.managersofwealth.com/article/38680/worldamprsquos-best-investment-banks-2021-mampampa Last spring’s seize-up in the global M&A market eased as companies rethought their business plans and sought a leaner profile. Investment Bank World’s Best Investment Banks 2021: Global Winners News Aggregation Team Tuesday, April 06, 2021 1:00 am http://middleeast.managersofwealth.com/article/38685/worldamprsquos-best-investment-banks-2021-global-winners Despite Covid-19, 2020 was a banner year for investment banking, with IPOs and bond issues standing out. Investment Bank ‘International expansion is a must for GCC tech companies’ – investment banker Joshua Jahani News Aggregation Team Thursday, April 01, 2021 1:00 am http://middleeast.managersofwealth.com/article/38653/amplsquointernational-expansion-is-a-must-for-gcc-tech-companiesamprsquo-ampndash-investment-banker-joshua-jahani Joshua Jahani, managing director of investment firm Jahani and Associates (J&A), reveals why his firm is growing in the GCC Investment Bank ‘Don’t they know it’s the weekend?’ No more annoying Friday calls for Dubai Citi bankers News Aggregation Team Thursday, March 25, 2021 12:00 am http://middleeast.managersofwealth.com/article/38533/amplsquodonamprsquot-they-know-itamprsquos-the-weekendamprsquo-no-more-annoying-friday-calls-for-dubai-citi-bankers In a memo to Citi’s workers, Fraser revealed plans to “limit video calls on Fridays to clients only (or Thursdays where applicable) Investment Bank Al-Kuwari meets Societe Generale representatives in Doha News Aggregation Team Monday, March 22, 2021 12:00 am http://middleeast.managersofwealth.com/article/38472/al-kuwari-meets-societe-generale-representatives-in-doha SocGen is considered one of the largest banks in France. Investment Bank EFG Hermes delivers robust results despite a challenging operating environment, with Group revenues up 12% Y-o-Y to EGP 5.5 billion in FY20 News Team Thursday, March 18, 2021 12:00 am http://middleeast.managersofwealth.com/article/38424/efg-hermes-delivers-robust-results-despite-a-challenging-operating-environment-with-group-revenues-up-12-y-o-y-to-egp-55-billion-in-fy20 2020 was a year unlike any other, not just for us at EFG Hermes but for business the world over. Investment Bank EFG Hermes Finance Signs Partnership with Universal Group to Create Bespoke E-commerce Platform News Team Thursday, March 18, 2021 12:00 am http://middleeast.managersofwealth.com/article/38425/efg-hermes-finance-signs-partnership-with-universal-group-to-create-bespoke-e-commerce-platform Signing this partnership with Universal Group is a key milestone in our journey to develop a full-fledged non-bank financial services ecosystem that leverages the synergies inherent in our business model throughout the group. Investment Bank HSBC completes first-ever securities lending transaction in Saudi Arabia News Aggregation Team Wednesday, March 17, 2021 12:00 am http://middleeast.managersofwealth.com/article/38419/hsbc-completes-first-ever-securities-lending-transaction-in-saudi-arabia The bank expects further such transactions to follow Investment Bank Stan Chart launches one-stop banking solutions for NRBs in Dubai News Aggregation Team Friday, March 05, 2021 12:00 am http://middleeast.managersofwealth.com/article/38234/stan-chart-launches-one-stop-banking-solutions-for-nrbs-in-dubai With Swadeshi Banking, Bangladeshi expatriates in Dubai would be able to avail a full suite of NRB banking service Investment Bank Standard Chartered showcases one-stop banking solutions for NRBs in Dubai News Aggregation Team Friday, March 05, 2021 12:00 am http://middleeast.managersofwealth.com/article/38244/standard-chartered-showcases-one-stop-banking-solutions-for-nrbs-in-dubai The offering was showcased as part of "The Rise of Bengal Tiger: Potentials of Bangladesh Capital Markets", roadshow held in Dubai recently. Investment Bank DHA announces reducing quarantine period for certain COVID-19 and close contact cases News Aggregation Team Wednesday, January 06, 2021 12:00 am http://middleeast.managersofwealth.com/article/37351/dha-announces-reducing-quarantine-period-for-certain-covid-19-and-close-contact-cases As for patients who are hospitalised due to developing moderate, severe or critical COVID-19 symptoms, they can only be discharged when they have tested negative in a PCR test two consecutive times that are 24 hours (or more) apart. Covid-19 Pandemic speeds up UAE’s transition to cashless ecosystem News Aggregation Team Wednesday, December 30, 2020 12:00 am http://middleeast.managersofwealth.com/article/37280/pandemic-speeds-up-uaeamprsquos-transition-to-cashless-ecosystem UAE residents also are among the top 10 globally when it comes to spending time on the internet and social media, averaging seven hours and 54 minutes daily Covid-19 Ten Ways Covid-19 Has Changed the World Economy Forever News Aggregation Team Wednesday, December 30, 2020 12:00 am http://middleeast.managersofwealth.com/article/37288/ten-ways-covid-19-has-changed-the-world-economy-forever Big government staged a comeback as the social contract between society and the state got rewritten on the fly. Covid-19 COVID-19 sees 36,447 new online stores launched in Saudi Arabia News Aggregation Team Thursday, December 17, 2020 12:00 am http://middleeast.managersofwealth.com/article/37132/covid-19-sees-36447-new-online-stores-launched-in-saudi-arabia As the economy moved online, there was a 171% surge in digital businesses and opportunities Covid-19 Economic outlook improves; UAE, Bahrain to get a boost from COVID-19 vaccine rollout News Aggregation Team Wednesday, December 16, 2020 12:00 am http://middleeast.managersofwealth.com/article/37112/economic-outlook-improves-uae-bahrain-to-get-a-boost-from-covid-19-vaccine-rollout But regional economies won't return to pre-crisis levels until second half of 2021: report Covid-19 Eight ways how Covid-19 is impacting the future of mobility News Aggregation Team Tuesday, December 15, 2020 12:00 am http://middleeast.managersofwealth.com/article/37098/eight-ways-how-covid-19-is-impacting-the-future-of-mobility The rise of personal mobility will be accelerated by Covid-19 for users using their own assets. For sharing solutions, there will be a temporary deceleration. Covid-19 Qatar Sunday reports 167 new cases Covid-19, one death and 182 recoveries News Aggregation Team Monday, November 23, 2020 12:00 am http://middleeast.managersofwealth.com/article/36769/qatar-sunday-reports-167-new-cases-covid-19-one-death-and-182-recoveries Qatar's proactive and extensive testing of suspected cases has enabled the authorities to identify a high number of positive cases in the community. Covid-19 Sustainable innovation and human happiness to drive post-COVID growth in Middle East cities News Team Monday, November 02, 2020 12:00 am http://middleeast.managersofwealth.com/article/36457/sustainable-innovation-and-human-happiness-to-drive-post-covid-growth-in-middle-east-cities Published on UN World Cities Day, the HSBC City Reports on Abu Dhabi, Cairo, Dubai, Istanbul and Riyadh stress the need for city and business leaders to use the COVID-19 pandemic as a catalyst for more diversified, more digitised, cleaner and greener citi Covid-19 Abu Dhabi and Dubai are on a rapid growth trajectory: HSBC News Aggregation Team Sunday, November 01, 2020 12:00 am http://middleeast.managersofwealth.com/article/36453/abu-dhabi-and-dubai-are-on-a-rapid-growth-trajectory-hsbc Post COVID outlook is bright for key cities in Middle East, North Africa, and Turkey Covid-19 Despite Covid-19, why is M&A booming in these regions? News Aggregation Team Wednesday, October 28, 2020 12:00 am http://middleeast.managersofwealth.com/article/36408/despite-covid-19-why-is-mampampa-booming-in-these-regions While the coronavirus pandemic has had a negative impact on many businesses throughout 2020, a recent rebound in mergers and acquisitions (M&A) has pointed towards a partial recovery in investor sentiment – as well as demonstrating that certain Covid-19