Managers of Wealth - Middle East http://middleeast.managersofwealth.com/ Sun, 20 Apr 2025 17:00:05 BST part of MediaG8way Group http://middleeast.managersofwealth.com/ http://middleeast.managersofwealth.com/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP Specialty MGA Africa & Middle East appoints two senior underwriters News Aggregation Team Thursday, April 17, 2025 1:00 am http://middleeast.managersofwealth.com/article/49533/specialty-mga-africa-ampamp-middle-east-appoints-two-senior-underwriters In her new role, El Bahtouri will be based in the Casablanca office, driving growth in the P&C reinsurance markets and developing a balanced portfolio of specialist lines focused on client needs. On the Move Citi announces Carmen Haddad will join Citi Wealth in a senior capacity News Team Wednesday, April 16, 2025 1:00 am http://middleeast.managersofwealth.com/article/49525/citi-announces-carmen-haddad-will-join-citi-wealth-in-a-senior-capacity Serving as Vice Chair, Citi Private Bank On the Move Al-Futtaim Automotive appoints Katib Belkhodja as Marketing Director for Toyota & Lexus UAE News Team Tuesday, April 15, 2025 1:00 am http://middleeast.managersofwealth.com/article/49516/al-futtaim-automotive-appoints-katib-belkhodja-as-marketing-director-for-toyota-ampamp-lexus-uae The move places a seasoned executive with broader divisional experience at the helm of the company’s core business On the Move KKR Appoints General David Petraeus as Chairman of the Middle East and Establishes Dedicated Investment Team in the Region News Team Tuesday, April 15, 2025 1:00 am http://middleeast.managersofwealth.com/article/49519/kkr-appoints-general-david-petraeus-as-chairman-of-the-middle-east-and-establishes-dedicated-investment-team-in-the-region Expansion builds on 16-year local presence and several investments in the region On the Move Id8 retail appoints Premal Patel as Board Advisor to support Middle East and Emerging Markets Business Expansion News Team Tuesday, April 15, 2025 1:00 am http://middleeast.managersofwealth.com/article/49521/id8-retail-appoints-premal-patel-as-board-advisor-to-support-middle-east-and-emerging-markets-business-expansion With over 30 years of experience across the UK and the GCC, Premal is a renowned leader in retail data, customer loyalty, retail media, and digital transformation On the Move UAE-based, Capital Haus CEO appointed Executive Chairman of ASX-Listed Equity Story Group News Team Monday, April 14, 2025 1:00 am http://middleeast.managersofwealth.com/article/49514/uae-based-capital-haus-ceo-appointed-executive-chairman-of-asx-listed-equity-story-group Brendan Gow’s cross-border appointment signals a new era of UAE-based leadership shaping global investment strategy On the Move BNY Wealth names new Middle East market president News Aggregation Team Friday, April 11, 2025 1:00 am http://middleeast.managersofwealth.com/article/49497/bny-wealth-names-new-middle-east-market-president The firm is looking to expand its wealth channel in the region with the appointment of a new market president. On the Move Blackburn appointed HSBC risk and compliance chief: IFR News Aggregation Team Friday, April 11, 2025 1:00 am http://middleeast.managersofwealth.com/article/49503/blackburn-appointed-hsbc-risk-and-compliance-chief-ifr Blackburn has been interim chief risk and compliance officer since January when Kaur stepped up to CFO On the Move GTN hires Arqaam Capital exec Sham Treon as Chief Risk Officer News Aggregation Team Wednesday, April 09, 2025 1:00 am http://middleeast.managersofwealth.com/article/49481/gtn-hires-arqaam-capital-exec-sham-treon-as-chief-risk-officer Sham Treon joins GTN from Arqaam Capital, a Dubai-based investment firm, where he was the global head of risk for the past five years. On the Move Kamran Mazhar rejoins Chubb Arabia as CEO News Aggregation Team Wednesday, April 09, 2025 1:00 am http://middleeast.managersofwealth.com/article/49482/kamran-mazhar-rejoins-chubb-arabia-as-ceo He led Chubb Arabia from 2019 to 2023, and before that worked in different roles at Chubb entities in Pakistan and Saudi Arabia for 21 years. On the Move Emirati Entrepreneur Fatima Ahmed Rashid Qasimi Pioneers Global Shariah-Compliant Wealth Solutions News Team Wednesday, April 16, 2025 1:00 am http://middleeast.managersofwealth.com/article/49530/emirati-entrepreneur-fatima-ahmed-rashid-qasimi-pioneers-global-shariah-compliant-wealth-solutions Secura International provides access to top-tier global asset managers Legal, Tax, Regulation & Compliance Double Taxation agreed with Bahrain News Aggregation Team Friday, April 11, 2025 1:00 am http://middleeast.managersofwealth.com/article/49496/double-taxation-agreed-with-bahrain Prior to the vote, Policy and Resources said the agreement would meet “BEPS minimum standards”. Legal, Tax, Regulation & Compliance QCB issues bills worth QR 2.5 billion News Aggregation Team Friday, April 11, 2025 1:00 am http://middleeast.managersofwealth.com/article/49500/qcb-issues-bills-worth-qr-25-billion According to QCB, the total auction bids for the bills amounted to QR 7.3 billion. Legal, Tax, Regulation & Compliance Jordan, World Bank deepen partnership for private sector-led growth News Aggregation Team Friday, April 11, 2025 1:00 am http://middleeast.managersofwealth.com/article/49499/jordan-world-bank-deepen-partnership-for-private-sector-led-growth The programme also supports the Kingdom’s target of increasing the share of renewable energy in Jordan’s electricity mix to 31 per cent by 2030, while enhancing grid resilience Legal, Tax, Regulation & Compliance Central Bank of Bahrain grants license to BPay Global News Team Thursday, April 10, 2025 1:00 am http://middleeast.managersofwealth.com/article/49494/central-bank-of-bahrain-grants-license-to-bpay-global The PSP license will allow the company to provide fiat services to Binance customers globally Legal, Tax, Regulation & Compliance CBI launches major private banking reforms News Aggregation Team Wednesday, April 09, 2025 1:00 am http://middleeast.managersofwealth.com/article/49484/cbi-launches-major-private-banking-reforms The plan outlines measures to broaden ATM and branch networks, modernize payment infrastructure, promote financial literacy, and enhance anti-money laundering and counter-terrorism efforts using digital identity tools. Legal, Tax, Regulation & Compliance The Law's passing is an essential step to clarify the applicability of separate tax laws for foreign banks operating in Dubai. News Aggregation Team Tuesday, April 08, 2025 1:00 am http://middleeast.managersofwealth.com/article/49478/the-lawamp039s-passing-is-an-essential-step-to-clarify-the-applicability-of-separate-tax-laws-for-foreign-banks-operating-in-dubai The Emirate of Dubai in 2024 issued Law No. (1) of 2024 Concerning Tax on Foreign Banks Operating in the Emirate of Dubai. Legal, Tax, Regulation & Compliance Barakat, Maher & Partners in association with Clyde & Co have successfully advised on the mortgage portfolio of Bedaya News Team Monday, April 07, 2025 1:00 am http://middleeast.managersofwealth.com/article/49471/barakat-maher-ampamp-partners-in-association-with-clyde-ampamp-co-have-successfully-advised-on-the-mortgage-portfolio-of-bedaya The Cairo office is also active in employment, and cross-border disputes and arbitration. Legal, Tax, Regulation & Compliance UAE unveils new Dirham symbol, following Saudi Arabia News Aggregation Team Wednesday, April 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49447/uae-unveils-new-dirham-symbol-following-saudi-arabia Additionally, the UAE has launched its digital currency, featuring a circle around the Dirham symbol in the national flag's colors: green, black, white, and red. Legal, Tax, Regulation & Compliance VAT payback: UAE companies to benefit on their medical insurance expenses News Aggregation Team Monday, March 31, 2025 1:00 am http://middleeast.managersofwealth.com/article/49433/vat-payback-uae-companies-to-benefit-on-their-medical-insurance-expenses New VAT update allows for tax input credit on family medical coverage Legal, Tax, Regulation & Compliance Qatar banking sector assets reach QR2.06 trillion in Feb 2025 News Aggregation Team Wednesday, April 16, 2025 1:00 am http://middleeast.managersofwealth.com/article/49524/qatar-banking-sector-assets-reach-qr206-trillion-in-feb-2025 On a year-to-date basis, total assets have grown by 0.7 percent, reflecting a solid start to the year for the financial sector. Retail Banking NBK named “Best Retail Bank in Customer Service in Kuwait” for 2024 News Team Tuesday, April 15, 2025 1:00 am http://middleeast.managersofwealth.com/article/49518/nbk-named-ampldquobest-retail-bank-in-customer-service-in-kuwaitamprdquo-for-2024 Based on Service Hero’s Customer Satisfaction Index Retail Banking The Central Bank of the UAE awards Tap Payments a Full Payment Services license News Aggregation Team Monday, April 14, 2025 1:00 am http://middleeast.managersofwealth.com/article/49509/the-central-bank-of-the-uae-awards-tap-payments-a-full-payment-services-license This marks the completion of regulatory approvals across the entire GCC Retail Banking FAB proceeds with restructuring and taps a new head of human resources News Aggregation Team Monday, April 14, 2025 1:00 am http://middleeast.managersofwealth.com/article/49512/fab-proceeds-with-restructuring-and-taps-a-new-head-of-human-resources Plus: Mubarak Ali Abdullah Al Neyadi is the new Undersecretary of the Ministry of Justice Retail Banking SABIC profit forecast to drop 47% in Q1 2025, says Riyad Capital News Aggregation Team Friday, April 11, 2025 1:00 am http://middleeast.managersofwealth.com/article/49504/sabic-profit-forecast-to-drop-47-in-q1-2025-says-riyad-capital The top line of petrochemical companies under its coverage to rise 7% YoY Retail Banking Oman’s Sohar International seeks potential merger with Ahlibank News Aggregation Team Thursday, April 10, 2025 1:00 am http://middleeast.managersofwealth.com/article/49495/omanamprsquos-sohar-international-seeks-potential-merger-with-ahlibank The suggested arrangement would involve the transfer of all Ahlibank's assets and liabilities to Sohar International. Retail Banking Qatar commercial banks’ assets total QR2.06 trillion in February News Aggregation Team Wednesday, April 09, 2025 1:00 am http://middleeast.managersofwealth.com/article/49486/qatar-commercial-banksamprsquo-assets-total-qr206-trillion-in-february The key highlights from February 2025 Monthly Monetary Bulletin showed that the total assets of commercial banks witnessed year-on-year expansion by 4.7 percent to reach QR2.06 trillion. Retail Banking AAIB announces robust 2024 results, net profits hits $301m News Aggregation Team Tuesday, April 08, 2025 1:00 am http://middleeast.managersofwealth.com/article/49479/aaib-announces-robust-2024-results-net-profits-hits-301m The bank said it maintained key liquidity and risk metrics comfortably above regulatory thresholds, with a capital adequacy ratio above 21%. Retail Banking Bank NXT achieves record net profit of EGP 1.77bln, reflecting robust performance in 2024 News Team Monday, April 07, 2025 1:00 am http://middleeast.managersofwealth.com/article/49468/bank-nxt-achieves-record-net-profit-of-egp-177bln-reflecting-robust-performance-in-2024 The bank reported exceptional net profit growth of 54% year-on-year Retail Banking KFH Bahrain launches digital platform Jazeel News Aggregation Team Friday, April 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49461/kfh-bahrain-launches-digital-platform-jazeel “Great” news from Manama. Retail Banking QSE index soars to 10,213 level, market capitalisation reaches QR600.59bn News Aggregation Team Thursday, April 17, 2025 1:00 am http://middleeast.managersofwealth.com/article/49534/qse-index-soars-to-10213-level-market-capitalisation-reaches-qr60059bn This increase was supported by positive performances across various sectors, reflecting a generally optimistic market sentiment. Alternative Investments Stc Group to spearhead multicloud tech innovation in MENA with Kyndryl News Team Thursday, April 17, 2025 1:00 am http://middleeast.managersofwealth.com/article/49535/stc-group-to-spearhead-multicloud-tech-innovation-in-mena-with-kyndryl Stc Group and Kyndryl’s multiyear partnership is set to enhance cloud and IT Alternative Investments Oman credit outlook strengthens as OIA reforms drive financial resilience News Team Thursday, April 17, 2025 1:00 am http://middleeast.managersofwealth.com/article/49537/oman-credit-outlook-strengthens-as-oia-reforms-drive-financial-resilience OIA successfully reduced the aggerate debt of its subsidiaries from USD 29.64 billion in 2021 to USD 23.92 billion by the end of Q3 2024 Alternative Investments Egypt, Kuwait agree to enhance economic, investment, trade relations News Aggregation Team Wednesday, April 16, 2025 1:00 am http://middleeast.managersofwealth.com/article/49528/egypt-kuwait-agree-to-enhance-economic-investment-trade-relations The Kuwaiti emir held a bilateral session of talks with President Sisi, preceded by an expanded meeting comprising members of the two countries’ official delegations. Alternative Investments Sohar International conducts investor session in collaboration with MSX to present 2024 financial performance News Team Wednesday, April 16, 2025 1:00 am http://middleeast.managersofwealth.com/article/49531/sohar-international-conducts-investor-session-in-collaboration-with-msx-to-present-2024-financial-performance Conducted virtually via Zoom and facilitated by the Muscat Stock Exchange Alternative Investments Trade volume between Qatar, Indonesia reached $1.13bln in 2024: QC Chairman News Aggregation Team Tuesday, April 15, 2025 1:00 am http://middleeast.managersofwealth.com/article/49522/trade-volume-between-qatar-indonesia-reached-113bln-in-2024-qc-chairman Many Indonesian companies are investing in Qatar, operating in a range of sectors either through partnerships with Qatari partners or under full Indonesian ownership Alternative Investments IFC signs three strategic agreements in Oman News Team Tuesday, April 15, 2025 1:00 am http://middleeast.managersofwealth.com/article/49520/ifc-signs-three-strategic-agreements-in-oman The agreements aim to bolster the country’s sustainable finance market and empower the private sector to drive sustainable growth Alternative Investments Kuwait to lead fund mobilization News Aggregation Team Monday, April 14, 2025 1:00 am http://middleeast.managersofwealth.com/article/49507/kuwait-to-lead-fund-mobilization Kuwaiti Fund to Lead Resource Mobilization for the Salayea- Voinjama Stretch of the Gbarnga- Mendikorma Highway Project Alternative Investments Human capital is Saudi Arabia’s ‘strongest driver of wealth,’ says economy minister News Aggregation Team Monday, April 14, 2025 1:00 am http://middleeast.managersofwealth.com/article/49508/human-capital-is-saudi-arabiaamprsquos-amplsquostrongest-driver-of-wealthamprsquo-says-economy-minister During the Human Capability Initiative in Riyadh, Minister of Economy and Planning Faisal Al-Ibrahim emphasized the critical role of talent in developing economies. Alternative Investments Kapoor Wealth Partners Announces Inaugural Global Investment Summit and Grand Opening of Abu Dhabi Office on May 9, 2025 News Team Friday, April 11, 2025 1:00 am http://middleeast.managersofwealth.com/article/49501/kapoor-wealth-partners-announces-inaugural-global-investment-summit-and-grand-opening-of-abu-dhabi-office-on-may-9-2025 The summit will explore key global trends in MedTech, AI in healthcare, multi-omics, Web3, cybersecurity, quantum innovation, and emerging markets, with a focus on the India-MENA corridor. Alternative Investments Fund firms fear bank backlash over direct family office business News Aggregation Team Thursday, April 17, 2025 1:00 am http://middleeast.managersofwealth.com/article/49532/fund-firms-fear-bank-backlash-over-direct-family-office-business Asset managers seeing a rise in approaches from investment savvy family offices, but worry dealing direct will strain key private bank distribution partnerships in the region. Wealth & Asset Management Lighthouse Canton Launches Family Office Report News Aggregation Team Wednesday, April 16, 2025 1:00 am http://middleeast.managersofwealth.com/article/49523/lighthouse-canton-launches-family-office-report The white paper was released during a roundtable hosted in collaboration with the Dubai International Financial Center's (DIFC) Family Wealth Center. Wealth & Asset Management QNB named Qatar’s Best Private Bank for 2025 by Euromoney News Aggregation Team Wednesday, April 16, 2025 1:00 am http://middleeast.managersofwealth.com/article/49526/qnb-named-qataramprsquos-best-private-bank-for-2025-by-euromoney These prestigious accolades underscore QNB’s unwavering commitment to delivering world-class private banking solutions tailored to meet the evolving needs of its high-net-worth clients. Wealth & Asset Management BankDhofar introduces bespoke concierge service for private banking clients News Team Tuesday, April 15, 2025 1:00 am http://middleeast.managersofwealth.com/article/49515/bankdhofar-introduces-bespoke-concierge-service-for-private-banking-clients Eligible private banking clients will be assigned a dedicated concierge manager, providing round-the-clock access, seven days a week Wealth & Asset Management UBS recognized as “The Middle East’s Best for Family Office Services” in Euromoney’s 2025 Private Banking Awards News Team Thursday, April 03, 2025 1:00 am http://middleeast.managersofwealth.com/article/49459/ubs-recognized-as-ampldquothe-middle-eastamprsquos-best-for-family-office-servicesamprdquo-in-euromoneyamprsquos-2025-private-banking-awards UBS received 22 awards across various categories Wealth & Asset Management Origin Private Office in collaboration with Aldar Development unveils exclusive investment opportunities in Abu Dhabi News Team Wednesday, April 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49445/origin-private-office-in-collaboration-with-aldar-development-unveils-exclusive-investment-opportunities-in-abu-dhabi This collaboration leverages the expertise of Origin Private Office in identifying exceptional investment opportunities for their clientele, alongside Aldar Development's portfolio of world-class properties. Wealth & Asset Management Nomura expands in Singapore, Dubai as wealth turns a profit News Aggregation Team Wednesday, March 12, 2025 12:00 am http://middleeast.managersofwealth.com/article/49331/nomura-expands-in-singapore-dubai-as-wealth-turns-a-profit The Tokyo-based firm is moving to a new office in Dubai that can accommodate up to 60 staff Wealth & Asset Management HSBC MENAT CEO pledges more investments to lead in wealth, capital markets News Aggregation Team Monday, March 10, 2025 12:00 am http://middleeast.managersofwealth.com/article/49317/hsbc-menat-ceo-pledges-more-investments-to-lead-in-wealth-capital-markets In an exclusive interview with Zawya, Selim Kervanci, HSBC’s newly appointed CEO for the Middle East, North Africa and Türkiye, expressed confidence that the bank can maintain its leadership position in ECM/DCM and investment banking in the reg Wealth & Asset Management Gulf investors will no longer go for formulaic wealth management advise News Aggregation Team Monday, March 10, 2025 12:00 am http://middleeast.managersofwealth.com/article/49323/gulf-investors-will-no-longer-go-for-formulaic-wealth-management-advise High networth clients will no longer sign up to more-of-the-same on wealth handling Wealth & Asset Management Julius Baer’s Kunal Sumaya on Dubai’s rise as an investment haven for NRIs News Aggregation Team Friday, March 07, 2025 12:00 am http://middleeast.managersofwealth.com/article/49309/julius-baeramprsquos-kunal-sumaya-on-dubaiamprsquos-rise-as-an-investment-haven-for-nris The COVID-19 pandemic further reinforced this shift, prompting more individuals to explore residency and investment opportunities abroad. Wealth & Asset Management Visa supports cross-border transfers in Bahrain News Aggregation Team Thursday, April 17, 2025 1:00 am http://middleeast.managersofwealth.com/article/49536/visa-supports-cross-border-transfers-in-bahrain Initially, this service is accessible to clients of Bahrain Islamic Bank (BisB) and Khaleeji Bank. FinTech AI in Middle East banking could add 13.6% to GDP by 2030, reveals report News Aggregation Team Monday, April 14, 2025 1:00 am http://middleeast.managersofwealth.com/article/49510/ai-in-middle-east-banking-could-add-136-to-gdp-by-2030-reveals-report The report underscores the United Arab Emirates (UAE) and Saudi Arabia as frontrunners in embracing AI in banking. FinTech Standard Chartered and OKX launch world-leading collateral mirroring programme News Team Monday, April 14, 2025 1:00 am http://middleeast.managersofwealth.com/article/49511/standard-chartered-and-okx-launch-world-leading-collateral-mirroring-programme The programme will see leading institutions, such as Brevan Howard Digital, onboard onto this pioneering programme. FinTech Taurus Unveils First Interbank Digital Asset Network News Aggregation Team Thursday, April 10, 2025 1:00 am http://middleeast.managersofwealth.com/article/49488/taurus-unveils-first-interbank-digital-asset-network Taurus-NETWORK creates an ecosystem covering public and permissioned DLTs, as well as all types of assets whether cryptocurrencies, tokenised securities, and digital currencies. FinTech Turkey's Sipay raises $78 million News Aggregation Team Wednesday, April 09, 2025 1:00 am http://middleeast.managersofwealth.com/article/49480/turkeyamp039s-sipay-raises-78-million Sipay's white labelled embedded finance apps provide support for digital wallets, investments and loyalty schemes, among others. FinTech Capgemini to establish AI Center of Excellence in Egypt to accelerate AI-driven innovation for global clients News Team Wednesday, April 09, 2025 1:00 am http://middleeast.managersofwealth.com/article/49483/capgemini-to-establish-ai-center-of-excellence-in-egypt-to-accelerate-ai-driven-innovation-for-global-clients This initiative bolsters Capgemini’s strong ties with Egypt as a strategic innovation hub for global organizations. FinTech Global Finance Names The Innovators 2025 – The Most Innovative Banks and the Most Innovative Financial Technology Companies News Team Tuesday, April 08, 2025 1:00 am http://middleeast.managersofwealth.com/article/49473/global-finance-names-the-innovators-2025-ampndash-the-most-innovative-banks-and-the-most-innovative-financial-technology-companies This is Global Finance’s twelftth annual awards program recognizing entities that regularly identify new paths and design new tools in finance. FinTech The Central Bank of the UAE awards tap payments a full payment services license News Team Tuesday, April 08, 2025 1:00 am http://middleeast.managersofwealth.com/article/49476/the-central-bank-of-the-uae-awards-tap-payments-a-full-payment-services-license This marks the completion of regulatory approvals across the entire GCC FinTech Kaspersky uncovers advanced Triada trojan preinstalled on counterfeit smartphones News Team Friday, April 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49463/kaspersky-uncovers-advanced-triada-trojan-preinstalled-on-counterfeit-smartphones Embedded in the system firmware, the malware operates undetected and grants attackers’ full control over infected devices FinTech EY-Parthenon eyes $250mln investment in AI-powered Edge platforms News Aggregation Team Tuesday, April 01, 2025 1:00 am http://middleeast.managersofwealth.com/article/49439/ey-parthenon-eyes-250mln-investment-in-ai-powered-edge-platforms The newly formed EY-Parthenon brand aims to appeal to an increasingly diverse range of talent with an investor mindset FinTech Dhofar Islamic leads the Islamic banking sector through 25 branches distributed across the Sultanate of Oman News Team Thursday, April 17, 2025 1:00 am http://middleeast.managersofwealth.com/article/49538/dhofar-islamic-leads-the-islamic-banking-sector-through-25-branches-distributed-across-the-sultanate-of-oman Today, it plays a pivotal role in driving economic growth, financing critical projects, and aligning with Oman Vision 2040 Islamic Finance Madinah forum to discuss Islamic finance progress News Aggregation Team Wednesday, April 16, 2025 1:00 am http://middleeast.managersofwealth.com/article/49527/madinah-forum-to-discuss-islamic-finance-progress Symposium will explore six main topics and over 20 sub-themes, focusing on Islamic banking’s role in economic development, justice, and sustainability Islamic Finance BBK and Solidarity sign BD58 million Islamic Murabaha financing deal News Aggregation Team Thursday, April 03, 2025 1:00 am http://middleeast.managersofwealth.com/article/49458/bbk-and-solidarity-sign-bd58-million-islamic-murabaha-financing-deal Through this financing agreement, BBK reaffirms its active role in advancing Bahrain’s economic development and fostering financial resilience across the kingdom . Islamic Finance Qatar International Islamic Bank recommits to Misys News Aggregation Team Tuesday, April 01, 2025 1:00 am http://middleeast.managersofwealth.com/article/49442/qatar-international-islamic-bank-recommits-to-misys Qatar International Islamic Bank, a long-standing customer of Misys, is implementing the new version of the vendor’s core system for Islamic banks, FusionBanking Essence Islamic, front-to-back office. Islamic Finance Emirates Islamic successfully issues $750mln 5 year Senior Unsecured Sukuk News Team Monday, March 24, 2025 12:00 am http://middleeast.managersofwealth.com/article/49396/emirates-islamic-successfully-issues-750mln-5-year-senior-unsecured-sukuk The Sukuk attracted a very strong order book in excess of USD 1.6 billion, resulting in a 2.1 times oversubscription rate Islamic Finance Gulf banks seal refinancing trades News Aggregation Team Wednesday, March 19, 2025 12:00 am http://middleeast.managersofwealth.com/article/49369/gulf-banks-seal-refinancing-trades Emirates Islamic Bank is well-liked by investors, including international investors. Islamic Finance Gulf Islamic Investments to double investment in the US News Aggregation Team Wednesday, March 19, 2025 12:00 am http://middleeast.managersofwealth.com/article/49370/gulf-islamic-investments-to-double-investment-in-the-us Company is exploring private equity and private debt opportunities in range of sectors Islamic Finance Islamic Finance Shows Potential in Central Asia as GCC Ties Deepen News Team Wednesday, March 05, 2025 12:00 am http://middleeast.managersofwealth.com/article/49297/islamic-finance-shows-potential-in-central-asia-as-gcc-ties-deepen Islamic banks are not covered as part of the deposit protection scheme in many Central Asian countries, which could negatively affect confidence. Islamic Finance WFW deal honoured with three awards by Islamic Finance News News Team Friday, February 28, 2025 12:00 am http://middleeast.managersofwealth.com/article/49280/wfw-deal-honoured-with-three-awards-by-islamic-finance-news The transaction was celebrated in IFN’s Deals of the Year special issue, winning the ‘Cross Border’, ‘Structured Finance’, and ‘Europe’ Deal of the Year 2024 awards. Islamic Finance Islamic treasury sukuk auction for February 2025 attracts bids worth AED 7.1bln News Team Thursday, February 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49272/islamic-treasury-sukuk-auction-for-february-2025-attracts-bids-worth-aed-71bln Marking an oversubscription of 6.5 times Islamic Finance Why Qatar is an Ideal Location for Wealth Management Opportunities News Aggregation Team Wednesday, April 16, 2025 1:00 am http://middleeast.managersofwealth.com/article/49529/why-qatar-is-an-ideal-location-for-wealth-management-opportunities Qatar is a prime destination for wealth management and investment. Research, Comment and Analysis World Bank gives $500m to create new jobs in Turkey News Aggregation Team Monday, April 07, 2025 1:00 am http://middleeast.managersofwealth.com/article/49466/world-bank-gives-500m-to-create-new-jobs-in-turkey The new funding is part of a World Bank package to support Turkey’s earthquake-affected region, strengthen the labour market and revitalise economic recovery. Research, Comment and Analysis Making Record Profits: Emirates NBD Group CEO Shayne Nelson Q&A News Aggregation Team Monday, April 07, 2025 1:00 am http://middleeast.managersofwealth.com/article/49472/making-record-profits-emirates-nbd-group-ceo-shayne-nelson-qampampa The regional network is enabling us to capture more corporate business across the region. Research, Comment and Analysis How women in the Gulf are moving beyond inheritance to become wealth creators News Team Friday, April 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49460/how-women-in-the-gulf-are-moving-beyond-inheritance-to-become-wealth-creators This trend also applies in the Gulf countries, which are witnessing a sharp rise in affluent women actively shaping the region’s economic future. Research, Comment and Analysis Why expats and wealth managers are drawn to the Middle East News Team Thursday, April 03, 2025 1:00 am http://middleeast.managersofwealth.com/article/49451/why-expats-and-wealth-managers-are-drawn-to-the-middle-east This is due to their government’s actively trying to attract more wealthy individuals and businesses as they transition away from having a predominantly oil-based economy. Research, Comment and Analysis GCC banks ride wave of economic diversification, poised for robust year News Aggregation Team Wednesday, April 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49450/gcc-banks-ride-wave-of-economic-diversification-poised-for-robust-year EY’s GCC Banking Sector Outlook predicts sustained growth, driven by resilient economies, transformation plans, and robust demand in 2025 Research, Comment and Analysis Saudi CEOs highly confident about economy and company growth in 2025 News Aggregation Team Wednesday, April 02, 2025 1:00 am http://middleeast.managersofwealth.com/article/49449/saudi-ceos-highly-confident-about-economy-and-company-growth-in-2025 Saudi Arabia’s bold economic diversification strategy is yielding tangible results Research, Comment and Analysis GCC banks drive momentum and transformation with strong growth News Aggregation Team Tuesday, April 01, 2025 1:00 am http://middleeast.managersofwealth.com/article/49438/gcc-banks-drive-momentum-and-transformation-with-strong-growth Return on Assets (ROA) (1.5 percent in 2023) slightly increased by 0.04 percent compared to the previous year reflecting stable profitability relative to asset growth Research, Comment and Analysis Middle Eastern Banks Could drastically cut risk and compliance costs through technology, says Finastra News Team Thursday, March 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49413/middle-eastern-banks-could-drastically-cut-risk-and-compliance-costs-through-technology-says-finastra Recent market research highlights that 75% of banks globally plan to accelerate their technology transformation to enhance their risk management capabilities Research, Comment and Analysis EY: Integrated risk management a key area of focus for governments News Aggregation Team Tuesday, March 25, 2025 12:00 am http://middleeast.managersofwealth.com/article/49398/ey-integrated-risk-management-a-key-area-of-focus-for-governments This approach can also improve services and strengthen public trust. Research, Comment and Analysis SICO named best investment bank in Bahrain News Team Tuesday, April 15, 2025 1:00 am http://middleeast.managersofwealth.com/article/49517/sico-named-best-investment-bank-in-bahrain For sixth consecutive year Investment Bank Dubai's Mashreq to work with Goldman Sachs to cater for rich clients News Aggregation Team Friday, April 11, 2025 1:00 am http://middleeast.managersofwealth.com/article/49498/dubaiamp039s-mashreq-to-work-with-goldman-sachs-to-cater-for-rich-clients Our strategic collaboration with Goldman Sachs represents a pivotal milestone in institutionalising our investment platform Investment Bank UAE Bank Investments Jump 16% To $202B In January News Aggregation Team Friday, April 11, 2025 1:00 am http://middleeast.managersofwealth.com/article/49506/uae-bank-investments-jump-16-to-202b-in-january Held-to-maturity bonds also grew 7.9% annually to $91.4 billion (AED 335.7 billion), although they saw a slight 1.1% dip compared to the previous month. Investment Bank UAE banks investments reach $202bln by end of January News Aggregation Team Thursday, April 10, 2025 1:00 am http://middleeast.managersofwealth.com/article/49491/uae-banks-investments-reach-202bln-by-end-of-january Banks' investments in equities grew by 19.4 percent year-on-year Investment Bank EFG Foundation, Bank NXT Foundation, and Kaf Insurance sign an agreement with the Magdi Yacoub Heart Foundation News Team Friday, April 04, 2025 1:00 am http://middleeast.managersofwealth.com/article/49464/efg-foundation-bank-nxt-foundation-and-kaf-insurance-sign-an-agreement-with-the-magdi-yacoub-heart-foundation To support training and qualification of nurses at the Aswan Heart Centre Investment Bank NBB expands mortgage financing for Bahraini expats in Saudi Arabia, UAE News Aggregation Team Thursday, March 13, 2025 12:00 am http://middleeast.managersofwealth.com/article/49341/nbb-expands-mortgage-financing-for-bahraini-expats-in-saudi-arabia-uae As part of NBB's dedication to providing comprehensive and accessible housing solutions, the bank is leveraging its strong presence in Saudi Arabia and the UAE to assist clients in securing their ideal property in their homeland Investment Bank EFG Hermes completes advisory on $333mln IPO of Asyad Shipping Company on the Muscat Stock Exchange News Team Wednesday, March 12, 2025 12:00 am http://middleeast.managersofwealth.com/article/49334/efg-hermes-completes-advisory-on-333mln-ipo-of-asyad-shipping-company-on-the-muscat-stock-exchange Asyad Shipping offered a total of 20% of its total issued share capital Investment Bank QNB Capital named Best Investment Bank in Qatar 2025 by Global Finance News Aggregation Team Friday, March 07, 2025 12:00 am http://middleeast.managersofwealth.com/article/49314/qnb-capital-named-best-investment-bank-in-qatar-2025-by-global-finance This award is a testament to our unwavering dedication to delivering innovative financial solutions Investment Bank UAE's FAB prepares overhaul, picks Citi veteran as new investment banking head, sources say News Aggregation Team Thursday, March 06, 2025 12:00 am http://middleeast.managersofwealth.com/article/49306/uaeamp039s-fab-prepares-overhaul-picks-citi-veteran-as-new-investment-banking-head-sources-say As part of the reorganisation, FAB is set to hire Citi dealmaking veteran Linos Lekkas as its new head of investment banking, the sources said Investment Bank Bank of Bahrain and Kuwait partners with JP Morgan Chase News Aggregation Team Thursday, February 27, 2025 12:00 am http://middleeast.managersofwealth.com/article/49269/bank-of-bahrain-and-kuwait-partners-with-jp-morgan-chase In addition, the system automates complex processes to facilitate faster and more secure cross-border transactions. Investment Bank Gulf Bank completes sustainability governance infrastructure News Team Wednesday, January 22, 2025 12:00 am http://middleeast.managersofwealth.com/article/49086/gulf-bank-completes-sustainability-governance-infrastructure Reinforcing its environmental and social commitments Planet SOS Ahlibank reaffirms its Commitment to sustainability through the installation of solar energy systems at its headquarters News Team Tuesday, December 31, 2024 12:00 am http://middleeast.managersofwealth.com/article/48977/ahlibank-reaffirms-its-commitment-to-sustainability-through-the-installation-of-solar-energy-systems-at-its-headquarters This initiative is a milestone in the bank’s efforts to further its Environmental, Social, and Governance (ESG) objectives Planet SOS MENA’s transformative role in climate adaptation News Aggregation Team Friday, December 27, 2024 12:00 am http://middleeast.managersofwealth.com/article/48961/menaamprsquos-transformative-role-in-climate-adaptation This would translate to summer heat in parts of Algeria, Saudi Arabia and Iraq intensifying by up to 8 C by 2100, highlighting the dire implications of inaction for one of the world’s hottest regions. Planet SOS Arab co-operation in energy sector discussed News Aggregation Team Thursday, December 19, 2024 12:00 am http://middleeast.managersofwealth.com/article/48923/arab-co-operation-in-energy-sector-discussed The discussion highlighted the strong ties between Kuwait and the Arab countries represented in OAPEC Planet SOS United Arab Bank & Canon to deliver impactful carbon compensation for business printing in UAE News Team Friday, December 13, 2024 12:00 am http://middleeast.managersofwealth.com/article/48892/united-arab-bank-ampamp-canon-to-deliver-impactful-carbon-compensation-for-business-printing-in-uae Collaboration introduces Canon's first climate project contribution program in the UAE Planet SOS Sustainability Forum Middle East welcomes Boston Consulting Group as a Forum Partner for its third edition News Team Thursday, December 12, 2024 12:00 am http://middleeast.managersofwealth.com/article/48891/sustainability-forum-middle-east-welcomes-boston-consulting-group-as-a-forum-partner-for-its-third-edition The Forum, which is set to attract over 400 regional business leaders, policymakers, and sustainability experts Planet SOS Ministry of Climate Change and Environment prepares to launch framework for Extended Producer Responsibility (EPR) in the UAE News Team Monday, December 09, 2024 12:00 am http://middleeast.managersofwealth.com/article/48861/ministry-of-climate-change-and-environment-prepares-to-launch-framework-for-extended-producer-responsibility-epr-in-the-uae With the aim of advancing integrated waste management and boosting the circular economy Planet SOS Saudi Arabia launches national sustainability committee News Aggregation Team Monday, December 09, 2024 12:00 am http://middleeast.managersofwealth.com/article/48865/saudi-arabia-launches-national-sustainability-committee The Kingdom shares the environmental challenges witnessed in many other countries Planet SOS Bloomberg Intelligence Report highlights MENA’s growing sustainable finance market News Team Friday, December 06, 2024 12:00 am http://middleeast.managersofwealth.com/article/48856/bloomberg-intelligence-report-highlights-menaamprsquos-growing-sustainable-finance-market COP 28 accelerated sustainable finance issuances in MENA Planet SOS Salik named Official Mobility Partner of the 2024 Future Sustainability Forum News Team Thursday, December 05, 2024 12:00 am http://middleeast.managersofwealth.com/article/48844/salik-named-official-mobility-partner-of-the-2024-future-sustainability-forum Cementing Salik’s commitment in green mobility solutions Planet SOS