On the Move

Capital Gate Advisors strengthens public policy offering with Tim Fox

Citi appoints new Head of UAE Citi Commercial Bank

BHM Capital has been appointed as the liquidity provider for ADNH Catering shares listed on ADX

Frost & Sullivan strengthens senior KSA team with three promotions

Appointment of Paolo Vivona as ALEXBANK’s CEO & MD and Antonio Bergalio as Deputy CEO

ADIB appoints Mohamed Abdelbary as Group Chief Executive Officer for the Group

Legal, Tax, Regulation & Compliance

DFSA fines company for unauthorised, misleading financial promotions

SAB receives prestigious ISO certification

CIB becomes first bank to undergo electronic inspection under Egypt’s new tax system

QC calls for study on Carbon Tax Implications for GCC Economies

Saudi EXIM Bank and Africa Finance Corporation sign MoU

Addleshaw Goddard advises Effecta Compliance on sale of UAE & UK Businesses to ACA Group

Retail Banking

BankDhofar opens a new branch in Suwaiq to build a close relationship with its customers

NBK the only Kuwaiti bank in Global Finance’s list of the World’s 100 Safest Banks for 2024

QNB becomes first to launch Visa’s enhanced Click to Pay

Dun & Bradstreet supports Qatar Development Bank with advanced risk management solutions

ADIB delivered an exceptional performance in the first nine months of 2024

Mashreq's 9M 2024 profit before tax rises 9% YoY to AED 6.5bln, reflecting strong business activity in a healthy business environment

Alternative Investments

Qatar Financial Centre PMI: Non-energy private sector growth strengthens in October Faster increase in new business drives output higher

Al Faisal Al Baladi Holding launched

Ajman Chamber promotes investment opportunities and reviews best practices

Markaz: Kuwait equity markets end the month positively despite ongoing geopolitical uncertainty

UAE boards are more operationally involved and focused on emerging technologies like AI compared to global peers

SICO announces $500mln in new investment products at Gateway Gulf 2024

Wealth & Asset Management

IQ-EQ sees uptick in family office set up services

FAB and Gilded offer digitally enabled physical gold investments

QNB bags Global Finance magazine's Best Private Bank in the Middle East and Qatar 2025 awards

Maerki Baumann establishes Middle East Hub in Abu Dhabi

UAE's economy to grow over 5% in 2025: UBS Wealth Management

DIFC foundations: a unique private wealth structuring proposition

FinTech

Transforming Wealth Management with Innovation: Insights from Avaloq’s Pascal Wengi

Leonteq launches Shari'a-compliant offering on LYNQS

Singapore Gulf Bank launches corporate banking services for global digital economy

OCT announces exclusive Joint Development Agreement with ex-Google AI experts, Hypatia AI

Google appoints Dubai-based female tech entrepreneur as local champion of diversity and inclusion in the Middle East

Codebase Technologies and IDWise partnership slashes fraud with AI-powered eKYC

Islamic Finance

ADIB becomes first UAE bank to safely test fractional Sukuks offering to retail investors

Al Salam Bank Launches ASB Capital: A New Asset Management Firm in the DIFC with AUMs of USD 4.5 Billion

Bait Al-Mashura Journal ranks first in Arab World for specialisation of Islamic Economics and Finance

Sharjah Islamic Bank's profit before tax Increased by 29% for nine month period ended 30 September 2024

Ithmaar Bank enables digital onboarding in Bahrain

IsDB to finance $3bn in 20 socio-economic projects across 17 countries

Research, Comment and Analysis

Saudi Vision 2030 to catalyze banking sector growth: Moody’s

PwC: Egypt’s M&A landscape is showing signs of recovery

New Deloitte study explores the future of sports club privatization in Saudi Arabia and their path to profitability

Apex revolutionises client engagement through digital transformation

Why private bankers are heading towards the UAE

New Podcast: Trends in Gulf Family Offices

Investment Bank

HSBC leads as MENA’s top earner in investment banking fees

EFG Hermes introduces streamlined custody arrangement and asset servicing arrangement services across 40 markets

EFG Holding continues to report solid performance in the second quarter of 2024

EFG Hermes completes advisory on Budget Saudi’s $121mln acquisition of AutoWorld

NIC recognized as the ‘Best Local Investment Bank in Kuwait - 2024’

EFG Hermes completes advisory on $764mln IPO of Fakeeh Care Group on the Saudi Exchange

Planet SOS

The path to sustainable business through ESG compliance

QIB joins forces with DHL Express Qatar by signing up for the GoGreen Plus Program

Landmark Retail signs ESG-linked facility with Emirates NBD

Emirates NBD adds impetus to SLL bond push: IFR

Record growth drives cost advantage of renewable power

Climate Risk and ESG Integration in Arab Banks