Managers of Wealth - Middle East http://middleeast.managersofwealth.com/ Thu, 11 Aug 2022 19:27:15 BST part of MediaG8way Group http://middleeast.managersofwealth.com/ http://middleeast.managersofwealth.com/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP Bain & Company appoints Roberto Prioreschi News Team Thursday, August 11, 2022 1:00 am http://middleeast.managersofwealth.com/article/43658/bain-ampamp-company-appoints-roberto-prioreschi To head Southern Europe, Eastern Europe and Middle East division as it expands regional presence with offices in 10 cities and 1,900 people On the Move HSBC Hires Ex-Barclays Banker to Lead South Asia News Aggregation Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43622/hsbc-hires-ex-barclays-banker-to-lead-south-asia Pahwa has more than 30 years of experience, most recently at Barclays in Singapore where he was its vice chairman On the Move Alliott Global Alliance welcomes firms in Saudi Arabia and Egypt News Aggregation Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43641/alliott-global-alliance-welcomes-firms-in-saudi-arabia-and-egypt The Al Jizah based professional services firm has a team of around 15 staff. On the Move SABB appoints wealth management head News Aggregation Team Monday, August 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43615/sabb-appoints-wealth-management-head He will be responsible for leading the bank’s strategy in a number of areas, including private and digital banking. On the Move Sisi appoints Mohamed Farid as acting Chairman of FRA for a year News Aggregation Team Monday, August 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43621/sisi-appoints-mohamed-farid-as-acting-chairman-of-fra-for-a-year From 2013 to 2016, he held the position of advisor for financial leasing and venture capital affairs at the World Bank - Egypt. On the Move Gulf Business Machines strengthens leadership team, appoints new head for Dubai operations News Team Monday, August 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43626/gulf-business-machines-strengthens-leadership-team-appoints-new-head-for-dubai-operations New General Manager will drive innovations in client services, digital transformation offerings, and tailored industry solutions On the Move JTC Targets AMEA Growth with Regional Private Client Head Appointment News Team Monday, August 01, 2022 1:00 am http://middleeast.managersofwealth.com/article/43578/jtc-targets-amea-growth-with-regional-private-client-head-appointment Working closely with the other regional heads and the senior management team, he will identify and secure growth opportunities in line with JTC’s global market strategy. On the Move DFSA appoints new Chief Executive News Team Monday, August 01, 2022 1:00 am http://middleeast.managersofwealth.com/article/43574/dfsa-appoints-new-chief-executive The DFSA thanks Chris for his service over the past year and we wish him the very best as he returns to the United States. We look forward to welcoming Ian back to lead the DFSA. On the Move RAKBank appoints chief executive News Aggregation Team Wednesday, July 27, 2022 1:00 am http://middleeast.managersofwealth.com/article/43546/rakbank-appoints-chief-executive A senior banker with 30 years' experience in Asia, Middle East, Europe and Africa, will take over in the first quarter of 2022 On the Move GBM Oman appoints general manager News Aggregation Team Wednesday, July 27, 2022 1:00 am http://middleeast.managersofwealth.com/article/43548/gbm-oman-appoints-general-manager He joins from IBM Middle East and Africa where he held several sales and leadership positions across systems and big data and analytics On the Move A new player has joined the market: SAMA certifies Marta as payment institution News Team Wednesday, August 10, 2022 1:00 am http://middleeast.managersofwealth.com/article/43649/a-new-player-has-joined-the-market-sama-certifies-marta-as-payment-institution The Saudi Central Bank has approved Marta as a payment aggregator, allowing it to provide merchants with POS terminals across the kingdom Legal, Tax, Regulation & Compliance UAE issues new reporting rules for real estate transactions to combat money laundering News Aggregation Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43638/uae-issues-new-reporting-rules-for-real-estate-transactions-to-combat-money-laundering Transactions made with $15,000 or more in cash have to be reported to country’s Financial Intelligence Unit Legal, Tax, Regulation & Compliance Alvarez & Marsal launches new offices in Abu Dhabi and Riyadh News Aggregation Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43643/alvarez-ampamp-marsal-launches-new-offices-in-abu-dhabi-and-riyadh Alvarez & Marsal is also increasingly benefitting from growing scrutiny on the role of the Big Four in the restructuring scene. Legal, Tax, Regulation & Compliance Banque Misr to set up representative office in Kenya News Aggregation Team Friday, August 05, 2022 1:00 am http://middleeast.managersofwealth.com/article/43607/banque-misr-to-set-up-representative-office-in-kenya The office will be set up under the name of Banque Misr- S.A.E – Kenya Representative Office Legal, Tax, Regulation & Compliance First Abu Dhabi Bank subsidiary FAB Securities raises Saudi National Bank's target price News Team Thursday, August 04, 2022 1:00 am http://middleeast.managersofwealth.com/article/43605/first-abu-dhabi-bank-subsidiary-fab-securities-raises-saudi-national-bankamp039s-target-price Kingdom’s largest lender to benefit from post-merger revenue, cost synergies Legal, Tax, Regulation & Compliance UAE Central Bank issues new guidelines on anti-money laundering News Aggregation Team Wednesday, August 03, 2022 1:00 am http://middleeast.managersofwealth.com/article/43592/uae-central-bank-issues-new-guidelines-on-anti-money-laundering Licensed financial institutions have one month to comply with the rules Legal, Tax, Regulation & Compliance Qatar's Investment Promotion Agency inks double deal with PwC News Aggregation Team Tuesday, August 02, 2022 1:00 am http://middleeast.managersofwealth.com/article/43580/qataramp039s-investment-promotion-agency-inks-double-deal-with-pwc PwC already has a base in Doha, with the second pillar of the memorandum of understanding empowering PwC to add 100 new staff (including Qatari nationals) to its local headcount over the coming period. Legal, Tax, Regulation & Compliance The CBUAE issues new instructions regarding the Sheikh Zayed Housing Programme News Team Monday, August 01, 2022 1:00 am http://middleeast.managersofwealth.com/article/43571/the-cbuae-issues-new-instructions-regarding-the-sheikh-zayed-housing-programme The debt burden ratio of the beneficiaries of the Home Finance Program of SZHP in monthly installments out of their total salary or any income from a known specific source has been increased from 50% to a maximum 60% Legal, Tax, Regulation & Compliance UAE Central Bank imposes financial sanctions on six banks News Aggregation Team Friday, July 29, 2022 1:00 am http://middleeast.managersofwealth.com/article/43560/uae-central-bank-imposes-financial-sanctions-on-six-banks They did not follow the common reporting standards Legal, Tax, Regulation & Compliance UAE, Kenya to commence talks over comprehensive economic partnership News Aggregation Team Friday, July 29, 2022 1:00 am http://middleeast.managersofwealth.com/article/43562/uae-kenya-to-commence-talks-over-comprehensive-economic-partnership The UAE-Kenya CEPA will be the first bilateral trade deal that the UAE seeks to sign with an African nation Legal, Tax, Regulation & Compliance Building a strategic procurement function in retail banking News Aggregation Team Thursday, August 11, 2022 1:00 am http://middleeast.managersofwealth.com/article/43653/building-a-strategic-procurement-function-in-retail-banking Retail banks can potentially face an array of challenges to their procurement function that may be hindering their ability to cut costs and increase their reach in the market. Retail Banking Gulf International Bank achieves 121% in net profit for the first half of 2022 News Team Thursday, August 11, 2022 1:00 am http://middleeast.managersofwealth.com/article/43659/gulf-international-bank-achieves-121-in-net-profit-for-the-first-half-of-2022 The second quarter provisions witnessed a release of $0.9 million, compared to a provision charge of $12.1 million in the second quarter of 2021 Retail Banking Oman’s Sohar bank eyes merger with HSBC News Aggregation Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43632/omanamprsquos-sohar-bank-eyes-merger-with-hsbc The board will keep the market updated as the matter progresses, it added. Retail Banking SABB “Best bank for sustainable finance in the Kingdom” for 2022 News Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43637/sabb-ampldquobest-bank-for-sustainable-finance-in-the-kingdomamprdquo-for-2022 SABB was chosen for this award based on a set of international standards in a variety of categories, including sustainable financing, community support, emerging market growth, and infrastructure Retail Banking First Abu Dhabi Bank selects IBM Consulting as digital partner News Aggregation Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43642/first-abu-dhabi-bank-selects-ibm-consulting-as-digital-partner Already partnering with IBM for years on multiple technology fronts, First Abu Dhabi Bank has now appointed ‘Big Blue’s (one of IBM’s nicknames) consulting division as a consultancy partner for its digital transformation journey. Retail Banking EDB approves $653m in finance during H1; up 418% News Aggregation Team Monday, August 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43624/edb-approves-653m-in-finance-during-h1-up-418 The Board meeting was held for the first time in the Bank’s new headquarters in Abu Dhabi located in Mubadala Tower Retail Banking Sohar International empowers wholesale banking clients News Team Monday, August 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43628/sohar-international-empowers-wholesale-banking-clients By introducing unified transaction banking digital services Retail Banking Turkey’s banks are adopting Russian payments system: Erdogan News Aggregation Team Monday, August 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43631/turkeyamprsquos-banks-are-adopting-russian-payments-system-erdogan While Turkey voiced its opposition to Russia’s invasion of Ukraine, it has refrained from joining US and European sanctions on Russia. Retail Banking QIB Group CEO wins Asian Banker ‘CEO Leadership Achievement for Qatar Award’ for 2nd consecutive time News Aggregation Team Monday, August 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43633/qib-group-ceo-wins-asian-banker-amplsquoceo-leadership-achievement-for-qatar-awardamprsquo-for-2nd-consecutive-time The bank introduced a series of new digital products and services for all its customers’ segment with many of them introduced for the first time in Qatar. Retail Banking 'KHCB' reports BD 6.81mln net profit attributable to the bank’s shareholders in the first half of 2022 News Team Friday, August 05, 2022 1:00 am http://middleeast.managersofwealth.com/article/43614/amp039khcbamp039-reports-bd-681mln-net-profit-attributable-to-the-bankamprsquos-shareholders-in-the-first-half-of-2022 With an increase of 13.37% compared to the same period last year Retail Banking PwC puts forward talent agenda for Qatar’s manufacturing skills gap News Aggregation Team Thursday, August 11, 2022 1:00 am http://middleeast.managersofwealth.com/article/43651/pwc-puts-forward-talent-agenda-for-qataramprsquos-manufacturing-skills-gap The skills gap can be attributed to several factors, among them are labour misallocation, skewed labour market and immigration policies, a relatively static structure of the education sector, as well as an inactive population reaching 13% in mid-2021 (up Alternative Investments Ooredoo group launches new brand positioning as part of ongoing strategic business transformation News Team Thursday, August 11, 2022 1:00 am http://middleeast.managersofwealth.com/article/43656/ooredoo-group-launches-new-brand-positioning-as-part-of-ongoing-strategic-business-transformation Company's New Look and Feel Reflects Agile, Future-Proof, Customer- and Employee-Centric Focus Alternative Investments GFH reports net profit attributable to shareholders of US $42.18mln for first half of 2022 News Team Thursday, August 11, 2022 1:00 am http://middleeast.managersofwealth.com/article/43657/gfh-reports-net-profit-attributable-to-shareholders-of-us-4218mln-for-first-half-of-2022 The Group reported net profit attributable to shareholders of US$23.06 million for the second quarter of the year up 10.2% compared with US$20.92 million for the second quarter of 2021 reflecting continued steady growth and progress Alternative Investments Bupa Arabia tops global and regional rankings News Aggregation Team Wednesday, August 10, 2022 1:00 am http://middleeast.managersofwealth.com/article/43646/bupa-arabia-tops-global-and-regional-rankings Bupa Arabia also placed 13th on Brand Finance’s most valuable brands in Saudi Arabia rankings, six places ahead of its position in the previous year’s rankings. Alternative Investments Individual coaching and mentoring during change management News Aggregation Team Wednesday, August 10, 2022 1:00 am http://middleeast.managersofwealth.com/article/43647/individual-coaching-and-mentoring-during-change-management “Change occurs on an individual level and involves developing a new mindset and thinking process when performing daily activities. Successful transformation therefore requires individuals to transition from their current behaviour or ways of working Alternative Investments Abu Dhabi’s investment firm Chimera buys majority in Egypt’s Beltone Financial News Aggregation Team Wednesday, August 10, 2022 1:00 am http://middleeast.managersofwealth.com/article/43645/abu-dhabiamprsquos-investment-firm-chimera-buys-majority-in-egyptamprsquos-beltone-financial Chimera was set up in 2007 and is part of Abu Dhabi’s Royal Group, which is owned by Sheikh Tahnoun bin Zayed Al Nahyan, who is the United Arab Emirates’ national security adviser. Alternative Investments Saudi wealth fund starts company for Egypt investments News Aggregation Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43640/saudi-wealth-fund-starts-company-for-egypt-investments The company will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals Alternative Investments Saudi Insurance Committee announces date for sixth edition of Saudi Insurance Symposium News Team Monday, August 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43627/saudi-insurance-committee-announces-date-for-sixth-edition-of-saudi-insurance-symposium Will take place from Wednesday 28 to Thursday 29 September 2022 Alternative Investments Exceptional year for UAE citizens’ housing, with financial support of over $6ln News Aggregation Team Friday, August 05, 2022 1:00 am http://middleeast.managersofwealth.com/article/43608/exceptional-year-for-uae-citizensamprsquo-housing-with-financial-support-of-over-6ln On 5th June, President His Highness Sheikh Mohamed bin Zayed Al Nahyan ordered the completion of the housing grants from previous years Alternative Investments Saudi Arabia posts $20.8bn budget surplus in Q2, the highest at least since 2019 News Aggregation Team Friday, August 05, 2022 1:00 am http://middleeast.managersofwealth.com/article/43609/saudi-arabia-posts-208bn-budget-surplus-in-q2-the-highest-at-least-since-2019 The SR7.9 billion increase in public debt during the second quarter is due to the SR25.4 billion rise in domestic debt Alternative Investments DIFC Launches First Global Family Business and Private Wealth Centre News Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43634/difc-launches-first-global-family-business-and-private-wealth-centre The Centre is also expected to attract family businesses and UHNWIs from the region and globally to establish a presence in Dubai. Wealth & Asset Management Northern Trust Asset Management Launches Quantitative ESG Strategy for EMEA and APAC Investors News Team Monday, August 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43616/northern-trust-asset-management-launches-quantitative-esg-strategy-for-emea-and-apac-investors The NT World Quality ESG Strategy Expands Manager’s Sustainable Quantitative Global Offering in EMEA and APAC Wealth & Asset Management DIFC unveils private wealth centre News Aggregation Team Wednesday, August 03, 2022 1:00 am http://middleeast.managersofwealth.com/article/43597/difc-unveils-private-wealth-centre To help UHNWs across the Middle East with succession planning Wealth & Asset Management Julius Baer makes two senior appointments to reinforce growth of Sub-Region Middle East & Africa out of Geneva News Team Tuesday, August 02, 2022 1:00 am http://middleeast.managersofwealth.com/article/43586/julius-baer-makes-two-senior-appointments-to-reinforce-growth-of-sub-region-middle-east-ampamp-africa-out-of-geneva Jonathan A. Conner and Thomas E.M. Kloss will join the Bank in Geneva as Senior Relationship Managers as of 1 August, reporting to Yvan Wicht, Group Head Middle East & Africa Geneva. Wealth & Asset Management Asset Management FinaMaze completes the Fintech Saudi program News Team Tuesday, August 02, 2022 1:00 am http://middleeast.managersofwealth.com/article/43585/asset-management-finamaze-completes-the-fintech-saudi-program The UAE asset and wealth management firm participated in the Fintech Saudi Demo Day after it successfully completed the Program Wealth & Asset Management NBO Named Best Private Bank Oman 2022 at World Economic Magazine Awards News Team Monday, August 01, 2022 1:00 am http://middleeast.managersofwealth.com/article/43575/nbo-named-best-private-bank-oman-2022-at-world-economic-magazine-awards NBO offers a full suite of Private Banking Solutions, a portfolio of investment and wealth management products and services including global investment funds and structured products. Wealth & Asset Management Oman’s financial wealth may reach $89bn by 2026 News Aggregation Team Thursday, July 28, 2022 1:00 am http://middleeast.managersofwealth.com/article/43551/omanamprsquos-financial-wealth-may-reach-89bn-by-2026 As per the BCG report, global financial wealth grew by a staggering 10.6 per cent from 2020 to 2021—the fastest rate in over a decade. Wealth & Asset Management Qatar’s financial wealth to grow by 3.9% annually, reaching USD 0.4trln by 2026 News Team Thursday, July 28, 2022 1:00 am http://middleeast.managersofwealth.com/article/43556/qataramprsquos-financial-wealth-to-grow-by-39-annually-reaching-usd-04trln-by-2026 A new BCG report expects that Qatar’s financial wealth will rise from USD 0.3 trillion in 2021 to USD 0.4 trillion in 2026 Wealth & Asset Management UAE’s financial wealth to grow by 6.7% annually, reaching USD 1trln by 2026 News Team Thursday, July 28, 2022 1:00 am http://middleeast.managersofwealth.com/article/43557/uaeamprsquos-financial-wealth-to-grow-by-67-annually-reaching-usd-1trln-by-2026 Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. Wealth & Asset Management Exclusive health insurance for UAE Golden Visa holders News Aggregation Team Wednesday, July 27, 2022 1:00 am http://middleeast.managersofwealth.com/article/43541/exclusive-health-insurance-for-uae-golden-visa-holders DHA official says it ensures security, as premiums for Daman’s packages begin at Dh2,393 Wealth & Asset Management STS and Alibaba Cloud Partner up to provide State-of-the-art Cloud Computing Technologies News Team Thursday, August 11, 2022 1:00 am http://middleeast.managersofwealth.com/article/43660/sts-and-alibaba-cloud-partner-up-to-provide-state-of-the-art-cloud-computing-technologies And Services in the Jordanian Market FinTech PwC Middle East identifies a three-stage facilitative model for cryptocurrency regulation in the UAE News Team Wednesday, August 10, 2022 1:00 am http://middleeast.managersofwealth.com/article/43648/pwc-middle-east-identifies-a-three-stage-facilitative-model-for-cryptocurrency-regulation-in-the-uae The UAE is one of the fastest growing cryptocurrency markets in the world generating transactions worth $25bln FinTech ICSFS to showcase its innovative solutions at ICS Banks user group summit in Iraq News Team Wednesday, August 10, 2022 1:00 am http://middleeast.managersofwealth.com/article/43650/icsfs-to-showcase-its-innovative-solutions-at-ics-banks-user-group-summit-in-iraq ICSFS in partnership with AL-AWAEL, Fortinet, and Huawei, brought together a comprehensive one full day FinTech Dubai Chamber of Digital Economy announces formation of Dubai Digital Assets Business Group News Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43635/dubai-chamber-of-digital-economy-announces-formation-of-dubai-digital-assets-business-group H.E. Omar Sultan Al Olama: The digital economy is the economy of the future on which the pillars of the development process will be based FinTech Forbes Middle East reveals the Middle East’s top 25 Fintech companies 2022 News Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43636/forbes-middle-east-reveals-the-middle-eastamprsquos-top-25-fintech-companies-2022 Meet The Innovators In Financial Services FinTech PwC crypto head sets up digital asset fund in Dubai News Aggregation Team Friday, August 05, 2022 1:00 am http://middleeast.managersofwealth.com/article/43613/pwc-crypto-head-sets-up-digital-asset-fund-in-dubai Regulatory pressure in other cities has made operating from the Gulf state more appealing FinTech Bahrain’s Al Salam Bank sets up Robotic Process Automation News Aggregation Team Thursday, August 04, 2022 1:00 am http://middleeast.managersofwealth.com/article/43602/bahrainamprsquos-al-salam-bank-sets-up-robotic-process-automation The company also couples traditional consulting with digital solutions, further enhancing the digitisation journey of companies through the provision of advanced technological solutions that enable them to maintain their positions at the forefront of thei FinTech LendTech innovator TSLC wins two awards at the 2022 ABF Wholesale and Retail Banking Awards News Team Thursday, August 04, 2022 1:00 am http://middleeast.managersofwealth.com/article/43606/lendtech-innovator-tslc-wins-two-awards-at-the-2022-abf-wholesale-and-retail-banking-awards TSLC gets recognized for its technology and efforts in the UAE by getting awarded the “AI & Machine Learning Initiative Of The Year” and “Financial Inclusion Initiative Of The Year.” FinTech KPMG: Technology governance in an evolving regulatory landscape News Aggregation Team Tuesday, August 02, 2022 1:00 am http://middleeast.managersofwealth.com/article/43579/kpmg-technology-governance-in-an-evolving-regulatory-landscape Preempting the rising trends in disruptions and risks, while balancing Saudi Arabia’s commitment to economic development, will challenge the financial sector as it transforms. FinTech Sheikh Hamdan to chair Higher Committee for Future Technology and Digital Economy News Aggregation Team Wednesday, July 27, 2022 1:00 am http://middleeast.managersofwealth.com/article/43549/sheikh-hamdan-to-chair-higher-committee-for-future-technology-and-digital-economy The higher committee will help shape the future of AI by investing in the metaverse and establishing partnerships to boost Dubai’s digital economy FinTech Al Sanam Islamic Bank signs with ICSFS News Team Thursday, August 11, 2022 1:00 am http://middleeast.managersofwealth.com/article/43652/al-sanam-islamic-bank-signs-with-icsfs Al Sanam Islamic Bank will provide comprehensive, Shari’a-compliant financing products and services to the Iraqi market, with a robust focus on digital banking. Islamic Finance QIIB announces its results for the first half of 2022 News Team Tuesday, July 26, 2022 1:00 am http://middleeast.managersofwealth.com/article/43535/qiib-announces-its-results-for-the-first-half-of-2022 Net profit reaches QR 571 million, reflecting a growth of 5% Islamic Finance Oman's plan to introduce Islamic money market instruments is positive for sector News Aggregation Team Friday, July 22, 2022 1:00 am http://middleeast.managersofwealth.com/article/43518/omanamp039s-plan-to-introduce-islamic-money-market-instruments-is-positive-for-sector Moody's says move will also diversify Islamic lenders' assets Islamic Finance Qatar’s Islamic finance sector set for growth News Aggregation Team Friday, July 22, 2022 1:00 am http://middleeast.managersofwealth.com/article/43519/qataramprsquos-islamic-finance-sector-set-for-growth It further added that the year looks poised for further growth and development for Qatar’s Islamic finance institutions as the economy expands in the run-up to the 2022 FIFA World Cup Islamic Finance BIBF announces revamp of Islamic finance levy courses News Aggregation Team Wednesday, July 20, 2022 1:00 am http://middleeast.managersofwealth.com/article/43493/bibf-announces-revamp-of-islamic-finance-levy-courses Training opportunities to elevate the Islamic finance industry in Bahrain and beyond Islamic Finance GFH acts as Joint Lead Manager on Dar Al Arkan's US$400mln sukuk issuance News Team Tuesday, July 19, 2022 1:00 am http://middleeast.managersofwealth.com/article/43485/gfh-acts-as-joint-lead-manager-on-dar-al-arkanamp039s-us400mln-sukuk-issuance Proceeds from the issuance will be used to further support the Company's development goals and pipeline of world-class projects Islamic Finance KFH wins Best Bank in Kuwait & Best Islamic Finance Bank awards News Team Monday, July 18, 2022 1:00 am http://middleeast.managersofwealth.com/article/43472/kfh-wins-best-bank-in-kuwait-ampamp-best-islamic-finance-bank-awards Al-Mukhaizeem expressed his pride in choosing KFH as the best bank in Kuwait for the year 2022 and the best bank in Islamic Finance Islamic Finance Kuwait Finance House Bahrain Provides Special Financing to People of Determination in Cooperation with Steps Rehabilitation Center News Team Monday, July 18, 2022 1:00 am http://middleeast.managersofwealth.com/article/43478/kuwait-finance-house-bahrain-provides-special-financing-to-people-of-determination-in-cooperation-with-steps-rehabilitation-center "We look forward to expanding the scope of this initiative and cooperating with other rehabilitation centers across the Kingdom to reach a larger segment of society." Islamic Finance Islamic finance industry to witness double-digit growth in 2022-2023 News Aggregation Team Tuesday, July 12, 2022 1:00 am http://middleeast.managersofwealth.com/article/43439/islamic-finance-industry-to-witness-double-digit-growth-in-2022-2023 Higher commodity prices are expected to underpin a stronger recovery in many core Islamic finance markets this year Islamic Finance DIB’s collaboration with Dubai Can News Team Wednesday, July 06, 2022 1:00 am http://middleeast.managersofwealth.com/article/43402/dibamprsquos-collaboration-with-dubai-can Another step towards a greener world Islamic Finance Largest Institutional Investors and Asset Managers | UAE News Aggregation Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43617/largest-institutional-investors-and-asset-managers-uae Hedge funds are establishing offices in Dubai, and in some cases are re-locating their headquarters to the UAE’s most populous city. Research, Comment and Analysis Saudi crown prince’s desert megacity is a classic case of billionaire hubris News Aggregation Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43625/saudi-crown-princeamprsquos-desert-megacity-is-a-classic-case-of-billionaire-hubris Saudi Arabia plans to build a 170km-long skyscraper across empty desert, providing zero-carbon living in one of the world’s top fossil-fuel economies Research, Comment and Analysis Keeping up with the future of finance News Aggregation Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43629/keeping-up-with-the-future-of-finance Financial businesses should use a platform to manage their data to keep up with the technological advancements they are currently, or gradually planning on, implementing Research, Comment and Analysis Forbes Middle East reveals the Middle East’s top 30 banks 2022 News Team Monday, August 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43619/forbes-middle-east-reveals-the-middle-eastamprsquos-top-30-banks-2022 Meet the moneymakers in banking and financial services Research, Comment and Analysis July brings cheer for UAE businesses from higher orders, and they are also hiring: S&P Global News Aggregation Team Wednesday, August 03, 2022 1:00 am http://middleeast.managersofwealth.com/article/43594/july-brings-cheer-for-uae-businesses-from-higher-orders-and-they-are-also-hiring-sampampp-global Retail, travel and tourism sectors record increased activity as summer promotions score Research, Comment and Analysis Saudi, UAE Banking Sectors Face Contrasting Liquidity Dynamics News Aggregation Team Thursday, July 21, 2022 1:00 am http://middleeast.managersofwealth.com/article/43508/saudi-uae-banking-sectors-face-contrasting-liquidity-dynamics UAE banks’ higher proportion of variable-rate mortgages means they can reprice loans faster than Saudi banks when interest rates rise. Research, Comment and Analysis The role of banks in financial literacy and savings consciousness News Aggregation Team Tuesday, July 19, 2022 1:00 am http://middleeast.managersofwealth.com/article/43483/the-role-of-banks-in-financial-literacy-and-savings-consciousness Saudi Arabia and its neighboring countries have not been different. Research, Comment and Analysis Doha named one of 'The World's Greatest Places of 2022' by TIME Magazine News Aggregation Team Thursday, July 14, 2022 1:00 am http://middleeast.managersofwealth.com/article/43457/doha-named-one-of-amp039the-worldamp039s-greatest-places-of-2022amp039-by-time-magazine Among the 50 places, Doha is only one of two picks from the Gulf region in the list to make up 'The World's Greatest Places of 2022'. Research, Comment and Analysis Empowering people of UAE is nation's top priority and basis of its future plans: UAE President News Aggregation Team Thursday, July 14, 2022 1:00 am http://middleeast.managersofwealth.com/article/43463/empowering-people-of-uae-is-nationamp039s-top-priority-and-basis-of-its-future-plans-uae-president His Highness stressed that the UAE will continue its work to strengthen cooperation and enable positive, respectful dialogue between countries to achieve stability and prosperity for all Research, Comment and Analysis The leading forgotten bank; No appreciation News Aggregation Team Wednesday, July 13, 2022 1:00 am http://middleeast.managersofwealth.com/article/43451/the-leading-forgotten-bank-no-appreciation The bank is run by a general manager, currently Mr. Salah Al-Mudhaf, who is one of the competent and responsible persons for implementing the policy set by the board of directors. Research, Comment and Analysis Shuaa Capital swings to second-quarter loss amid rising expenses News Aggregation Team Thursday, August 11, 2022 1:00 am http://middleeast.managersofwealth.com/article/43654/shuaa-capital-swings-to-second-quarter-loss-amid-rising-expenses Dubai investment bank's net operating loss widened to $8.9m during the three-month period Investment Bank Saudi Investment Bank shares jump 2% as it declares $80m dividends for H1 News Aggregation Team Monday, July 25, 2022 1:00 am http://middleeast.managersofwealth.com/article/43522/saudi-investment-bank-shares-jump-2-as-it-declares-80m-dividends-for-h1 In terms of earnings, the Saudi-listed bank saw a 34-percent profit growth to SR287 million in the first quarter of 2022 which it attributed to higher operating income. Investment Bank EFG Hermes successfully concludes advisory on UAE-based Agthia’s majority acquisition of Auf Group News Team Friday, July 15, 2022 1:00 am http://middleeast.managersofwealth.com/article/43468/efg-hermes-successfully-concludes-advisory-on-uae-based-agthiaamprsquos-majority-acquisition-of-auf-group The transaction follows a series of successful advisory transactions in the GCC and Egypt since the start of the year Investment Bank EIB, Banque Misr strengthen cooperation to support SMEs and sustainability financing News Aggregation Team Thursday, July 14, 2022 1:00 am http://middleeast.managersofwealth.com/article/43456/eib-banque-misr-strengthen-cooperation-to-support-smes-and-sustainability-financing The first technical assistance programme will further strengthen credit risk management and adoption of SME financing best practice to enable Banque Misr to increase financing for smaller companies. Investment Bank Emirates NBD Group and BNY Mellon announce strategic alliance to accelerate growth of UAE capital markets News Team Wednesday, July 06, 2022 1:00 am http://middleeast.managersofwealth.com/article/43400/emirates-nbd-group-and-bny-mellon-announce-strategic-alliance-to-accelerate-growth-of-uae-capital-markets Collaboration leverages BNY Mellon's global capabilities with Emirates NBD's regional expertise and deep footprint in the UAE market Investment Bank Global investment banking fees fall 31% to three-year low News Aggregation Team Wednesday, July 06, 2022 1:00 am http://middleeast.managersofwealth.com/article/43407/global-investment-banking-fees-fall-31-to-three-year-low JP Morgan maintained the top spot for investment banking fees earned during the first half of 2022 with $3.8 billion Investment Bank China Renaissance considers investments in high-growth Middle East companies News Aggregation Team Monday, June 20, 2022 1:00 am http://middleeast.managersofwealth.com/article/43290/china-renaissance-considers-investments-in-high-growth-middle-east-companies Chinese investment bank is also exploring options to expand in the region, chief executive Fan Bao says Investment Bank EBRD, EIB and World Bank launch new report on MENA’s economy News Aggregation Team Friday, June 10, 2022 1:00 am http://middleeast.managersofwealth.com/article/43237/ebrd-eib-and-world-bank-launch-new-report-on-menaamprsquos-economy The chart shows average GDP per capita growth for 2008-2020. Benchmark groups based on unweighted country averages. Investment Bank EFG Hermes closes advisory on Ali Alghanim’s $323mln private placement News Aggregation Team Thursday, June 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43223/efg-hermes-closes-advisory-on-ali-alghanimamprsquos-323mln-private-placement EFG Hermes noted that Ali Alghanim IPO marked the Egyptian Exchange’s listed firm’s first IPO on the Kuwaiti exchange where it acted as joint bookrunner for the offering Investment Bank Dubai’s Shuaa Capital Q1 net profit falls due to asset write-down News Aggregation Team Friday, May 13, 2022 1:00 am http://middleeast.managersofwealth.com/article/43004/dubaiamprsquos-shuaa-capital-q1-net-profit-falls-due-to-asset-write-down Net operating revenue drops to $24mln Investment Bank UAE Central Bank considers continued support for banks and economic recovery beyond mid-2022 News Aggregation Team Friday, March 25, 2022 12:00 am http://middleeast.managersofwealth.com/article/42483/uae-central-bank-considers-continued-support-for-banks-and-economic-recovery-beyond-mid-2022 The UAE Central Bank highlighted that it is closely monitoring the evolving situation globally and stands ready to take additional measures, if necessary Covid-19 Abu Dhabi updates event rules as omicron spreads News Aggregation Team Monday, December 27, 2021 12:00 am http://middleeast.managersofwealth.com/article/41334/abu-dhabi-updates-event-rules-as-omicron-spreads Venues hosting social events such as weddings, funerals and family gatherings must cap occupancy at 60 percent Covid-19 How the pandemic has reinvented trade News Aggregation Team Monday, November 08, 2021 12:00 am http://middleeast.managersofwealth.com/article/40764/how-the-pandemic-has-reinvented-trade The demand for more seamless and end-to-end logistics services has risen dramatically to deal with market volatility Covid-19 UAE banks no longer require Covid support, says banking chief News Aggregation Team Monday, October 25, 2021 1:00 am http://middleeast.managersofwealth.com/article/40623/uae-banks-no-longer-require-covid-support-says-banking-chief Banks have taken adequate provisions from the early days of crisis. Covid-19 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 Net zero transformation is a new paradigm for corporates News Aggregation Team Tuesday, August 09, 2022 1:00 am http://middleeast.managersofwealth.com/article/43644/net-zero-transformation-is-a-new-paradigm-for-corporates Given the rapidly changing ecosystem, net zero represents a new paradigm for corporates, bringing both threats and opportunities. Planet SOS Ministry of Climate Change and EDB to finance agriculture SMEs and start-ups News Aggregation Team Thursday, August 04, 2022 1:00 am http://middleeast.managersofwealth.com/article/43601/ministry-of-climate-change-and-edb-to-finance-agriculture-smes-and-start-ups The move is part of the UAE's efforts to boost local farming and strengthen its food security Planet SOS Central Bank of Oman warns of climate risks to financial stability News Aggregation Team Thursday, August 04, 2022 1:00 am http://middleeast.managersofwealth.com/article/43603/central-bank-of-oman-warns-of-climate-risks-to-financial-stability The first is “direct physical impact leading to infrastructure and property damages”. Planet SOS UAE's Masdar signs $21.4mln financing with ADB for Azerbaijan solar power plant News Aggregation Team Wednesday, August 03, 2022 1:00 am http://middleeast.managersofwealth.com/article/43596/uaeamp039s-masdar-signs-214mln-financing-with-adb-for-azerbaijan-solar-power-plant Plant expected to start commercial operations in 2023 Planet SOS Citi and Etihad sign on First Sustainable Deposit Solution News Team Tuesday, July 26, 2022 1:00 am http://middleeast.managersofwealth.com/article/43534/citi-and-etihad-sign-on-first-sustainable-deposit-solution Citi launches two new sustainable deposit solutions at Abu Dhabi Global Market (ADGM) Planet SOS Boursa Kuwait crowned Most Sustainable Company in the Financial Services Industry by World Finance News Team Monday, July 25, 2022 1:00 am http://middleeast.managersofwealth.com/article/43527/boursa-kuwait-crowned-most-sustainable-company-in-the-financial-services-industry-by-world-finance Prestigious accolade reflects the company’s enduring commitment to promoting Corporate Sustainability within the Kuwaiti capital market Planet SOS EY: 74% of MENA finance leaders are involved in the ESG agenda News Team Tuesday, July 19, 2022 1:00 am http://middleeast.managersofwealth.com/article/43484/ey-74-of-mena-finance-leaders-are-involved-in-the-esg-agenda 74% say that the finance function is involved to a medium to high extent in driving ESG Planet SOS BisB Achieves Second Place for the Kingdom’s Banking Sector News Aggregation Team Monday, July 18, 2022 1:00 am http://middleeast.managersofwealth.com/article/43477/bisb-achieves-second-place-for-the-kingdomamprsquos-banking-sector The Bank plans to continue to raise awareness on sustainability practices and update the necessary internal policies accordingly and determine initial areas of opportunity to further strengthen ESG-led actions Planet SOS Al Masaood to introduce plug-and-play solar stations in GCC News Aggregation Team Friday, July 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43424/al-masaood-to-introduce-plug-and-play-solar-stations-in-gcc The agreement is aimed at creating the widest and the most sustainable range of patented containerised, towable and movable solar stations Planet SOS Abu Dhabi Islamic Bank publishes its first Environmental, Social, and Governance report News Aggregation Team Friday, July 08, 2022 1:00 am http://middleeast.managersofwealth.com/article/43426/abu-dhabi-islamic-bank-publishes-its-first-environmental-social-and-governance-report This report details ADIB’s ongoing efforts to address some of society’s greatest challenges and build more sustainable, diverse and equitable communities Planet SOS