Articles - Managers of Wealth Middle East

novobanco goes live with Objectway to lead the way in investment services

April 8, 2022

Powered by Objectway Investment Advice, delivered on Cloud and SaaS-enabled, novobanco take advantage of a centralised and structured investment tool…

Comment & Analysis

UAE, Qatar, Saudi Arabia rank among top 10 in the Global Passport Index based on investment opportunities

April 7, 2022

The UAE has ranked fifth globally – and first among Middle East nations – while Qatar and Saudi Arabia have…

Executive Moves

Rainer Kasch appointed head of Saudi Arabia securities services by FAB Capital

April 7, 2022

First Abu Dhabi Bank (FAB) has announced the appointment of Rainer Kasch as managing director and head of Saudi Arabia…

Comment & Analysis

High reliance on foreign funding poses risks for Qatari banks: Moody’s

April 7, 2022

Banks in Qatar are increasingly turning to foreign sources of funding due to a big demand for loans from projects…

Executive Moves

Wale Ayeni, head of VC investments for IFC in Africa, Middle East and Central Asia, is leaving the firm

April 7, 2022

Wale Ayeni, the regional head of venture capital investments for the IFC in Africa, has left the International Finance Corporation…

Financial Results

GCC banks post $35bn profits on higher revenues in 2021

April 7, 2022

Total net profits for the GCC banking sector increased by 40 per cent to reach US$35bn in 2021 as compared…

Mergers & Acquisitions

Citi to sell Bahrain consumer business to Ahli United Bank

April 7, 2022

Citigroup Inc agreed to sell its consumer banking business in Bahrain to Ahli United Bank BSC (AUB) for an undisclosed…

Regulation, Risk & Compliance

QIB and QDB sign new “Al Dhameen” program agreement

April 7, 2022

Qatar Islamic Bank has signed a new Al Dhameen Program Agreement sponsored by Qatar Development Bank. The agreement was signed…

Retail Banking

Banque Misr, NBE return on certificates in 2 weeks rises

April 7, 2022

Banque Misr and National Bank of Egypt (NBE) have collected EGP 423 billion in two weeks through sales of their…

Islamic Finance

Saudi Arabia’s Islamic banks lending grow by a record 17.9% in 2021

April 7, 2022

Lending by Islamic banks grew by 17.9 percent in 2021 — the highest annual rate on record, according to data…

Hedge Funds & Alternative Investments

Egypt issues its first samurai bonds: Cabinet

April 7, 2022

Egypt is the first country in the Middle East to issue the samurai bonds, as it attempts to diversify funding…

Hedge Funds & Alternative Investments

Equiom opens new office in Riyadh

April 7, 2022

Professional services provider Equiom Group has opened a new office in Riyadh, Saudi Arabia. According to the firm, the…

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novobanco goes live with Objectway to lead the way in investment services

UAE, Qatar, Saudi Arabia rank among top 10 in the Global Passport Index based on investment opportunities

Rainer Kasch appointed head of Saudi Arabia securities services by FAB Capital

High reliance on foreign funding poses risks for Qatari banks: Moody’s

Wale Ayeni, head of VC investments for IFC in Africa, Middle East and Central Asia, is leaving the firm

GCC banks post $35bn profits on higher revenues in 2021

Citi to sell Bahrain consumer business to Ahli United Bank

QIB and QDB sign new “Al Dhameen” program agreement

Banque Misr, NBE return on certificates in 2 weeks rises

Saudi Arabia’s Islamic banks lending grow by a record 17.9% in 2021

Egypt issues its first samurai bonds: Cabinet

Equiom opens new office in Riyadh

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