Total reserves of Turkish central bank hit new record high
The total reserves of the Turkish central bank surged approximately $2.8 billion (TL 96 billion) in a week to Sept.…
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Investec extends footprint with Dubai International Financial Centre office launch
The office connects high-net-worth clients, family offices, and financial institutions in the Gulf Cooperation Council (GCC) to Investec's international network.…
Africa’s richest man, Aliko Dangote, to establish family office in Dubai
Aliko Dangote, Africa’s wealthiest individual, is preparing to open a family office in Dubai, joining a growing number of high-net-worth…
SG WealthTech platform StashAway launches HNWI wealth offering in the UAE
Clients in MENA with $100,000 of assets with StashAway will be upgraded to Reserve. Singapore WealthTech platform StashAway has…
Revolut bags investment from UAE sovereign fund
Challenger bank Revolut has seen its valuation rise to $45bn after Mubadala, the Abu Dhabi-based sovereign wealth fund acquired a…
Egypt’s Commercial International Bank names Tony Prestedge as executive board advisor
The Commercial International Bank (CIB), one of the largest private sector banks in Egypt, has hired “veteran transformation banker” Tony…
Egypt: Al Ahly for Development’s consolidated profits hike 281% YoY in Q1 2024
Al Ahly for Development and Investment’s (AFDI) consolidated net profits after tax and non-controlling interest soared 280.5% year on year…
Emirates NBD adds impetus to SLL bond push: IFR
The growth of sustainability-linked loan financing bonds has taken a step forward with a Middle East bank becoming one of…
Zekiye Tümtürk Koray joins MCN as CFO of Turkish business
Middle East Communications Network (MCN) has appointed former EY and BDO alumnus Zekiye Tümtürk Koray as Chief Finance Officer of…
Dubai and Abu Dhabi among world’s five most improved real estate markets
In a global ranking, the real estate markets of Dubai and Abu Dhabi have made the biggest strides in transparency,…
Nuveen further expands its global footprint with expansion in the Middle East
Nuveen, the $1.2tn AuM global asset manager, has expanded its presence in the Middle East with the appointment of Fadi…
National Bank of Egypt reports $2.59bln in pre-tax profits for 2023
The National Bank of Egypt (NBE) held its general assembly last Thursday to approve its financial statements for the fiscal…