Managers of Wealth - Middle East https://middleeast.managersofwealth.com/ Sat, 31 May 2025 00:56:31 BST part of MediaG8way Group https://middleeast.managersofwealth.com/ https://middleeast.managersofwealth.com/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP Oliver Wyman names Abdulelah AlBarrak as Head of its Riyadh office News Aggregation Team Friday, May 30, 2025 1:00 am https://middleeast.managersofwealth.com/article/49756/oliver-wyman-names-abdulelah-albarrak-as-head-of-its-riyadh-office This requires out-of-the-box thinking and keen problem-solving, which is incredibly exciting. On the Move Ajman Bank appoints head of Fintech & AI underscoring commitment to digital innovation News Team Thursday, May 29, 2025 1:00 am https://middleeast.managersofwealth.com/article/49743/ajman-bank-appoints-head-of-fintech-ampamp-ai-underscoring-commitment-to-digital-innovation Announced the appointment of Tahir Turksoy as the Head of Fintech & AI within the Consumer Banking Division On the Move StanChart Expands UAE Private Banking Frontline News Aggregation Team Tuesday, May 27, 2025 1:00 am https://middleeast.managersofwealth.com/article/49728/stanchart-expands-uae-private-banking-frontline He has over 25 years of experience across corporate and private banking, including the last 20 years in private wealth management at Julius Baer and ABN AMRO. On the Move Paytm Appoints Ramana Kumar as CEO for Middle East Business News Team Tuesday, May 27, 2025 1:00 am https://middleeast.managersofwealth.com/article/49731/paytm-appoints-ramana-kumar-as-ceo-for-middle-east-business With two decades of fintech and banking leadership, Kumar will lead Paytm’s expansion in the UAE and broader Middle East On the Move Abu Dhabi Chamber appoints new leaders to strengthen ‘Family Business Council’ News Team Wednesday, May 21, 2025 1:00 am https://middleeast.managersofwealth.com/article/49708/abu-dhabi-chamber-appoints-new-leaders-to-strengthen-amplsquofamily-business-councilamprsquo This strategic step reflects the Chamber’s vision to strengthen the foundations of family businesses On the Move Agricultural Bank of Egypt forms new board for three-year term News Aggregation Team Monday, May 19, 2025 1:00 am https://middleeast.managersofwealth.com/article/49692/agricultural-bank-of-egypt-forms-new-board-for-three-year-term The board also includes six newly appointed non-executive members On the Move Mastercard strengthens its local leadership team in Saudi Arabia, Bahrain, Jordan and other Levant News Team Monday, May 19, 2025 1:00 am https://middleeast.managersofwealth.com/article/49694/mastercard-strengthens-its-local-leadership-team-in-saudi-arabia-bahrain-jordan-and-other-levant Saud has over 17 years of experience working in the financial services industry. On the Move PIF appoints Saad Alkroud as head of Local Real Estate Investment division and Maram Al Johani as Acting Chief of Staff News Team Friday, May 16, 2025 1:00 am https://middleeast.managersofwealth.com/article/49678/pif-appoints-saad-alkroud-as-head-of-local-real-estate-investment-division-and-maram-al-johani-as-acting-chief-of-staff New appointments follow Eng. Aiman AlMudaifer’s transition to Managing Director and CEO of NEOM On the Move Kearney appoints Darren Perrin as partner in Abu Dhabi office News Aggregation Team Friday, May 16, 2025 1:00 am https://middleeast.managersofwealth.com/article/49683/kearney-appoints-darren-perrin-as-partner-in-abu-dhabi-office Darren Perrin brings over 25 years of experience in sustainability and public sector On the Move Fortress sets up Abu Dhabi office, appoints regional head in push for Gulf growth News Aggregation Team Thursday, May 15, 2025 1:00 am https://middleeast.managersofwealth.com/article/49675/fortress-sets-up-abu-dhabi-office-appoints-regional-head-in-push-for-gulf-growth Fortress is eyeing Saudi Arabia as a key growth market On the Move VAT: How should UAE businesses factor in barter deals? News Aggregation Team Friday, May 30, 2025 1:00 am https://middleeast.managersofwealth.com/article/49754/vat-how-should-uae-businesses-factor-in-barter-deals Businesses that engage in exchange of goods or services need to be doubly sure Legal, Tax, Regulation & Compliance Türkiye remains 4th largest country in IFC’s Global Trade Finance Program News Aggregation Team Friday, May 30, 2025 1:00 am https://middleeast.managersofwealth.com/article/49755/tampuumlrkiye-remains-4th-largest-country-in-ifcamprsquos-global-trade-finance-program As key export, import hub, bridging Europe to Asia and Middle East, Türkiye plays significant role in global trade among emerging markets, says IFC Türkiye Director Legal, Tax, Regulation & Compliance UAE Central Bank imposes Dh18m fines on two foreign bank branches News Aggregation Team Thursday, May 29, 2025 1:00 am https://middleeast.managersofwealth.com/article/49744/uae-central-bank-imposes-dh18m-fines-on-two-foreign-bank-branches Combined financial penalties for non-compliance with anti-money laundering rules Legal, Tax, Regulation & Compliance Housing Bank signs $10 million credit line agreement with Saudi EXIM News Aggregation Team Thursday, May 29, 2025 1:00 am https://middleeast.managersofwealth.com/article/49750/housing-bank-signs-10-million-credit-line-agreement-with-saudi-exim The initiative aligns with Housing Bank’s efforts to promote financial inclusion by expanding its lending portfolio Legal, Tax, Regulation & Compliance IMF completes fifth review of Egypt's $8 billion rescue program News Aggregation Team Wednesday, May 28, 2025 1:00 am https://middleeast.managersofwealth.com/article/49735/imf-completes-fifth-review-of-egyptamp039s-8-billion-rescue-program Egypt has made 'substantial' progress towards stabilising its economy, the IMF said on Tuesday after completing its fifth review of its $8 billion bailout. Legal, Tax, Regulation & Compliance Iran, Oman explore ways to develop banking cooperation News Aggregation Team Wednesday, May 28, 2025 1:00 am https://middleeast.managersofwealth.com/article/49736/iran-oman-explore-ways-to-develop-banking-cooperation The CBI governor left Tehran for Muscat, the capital of Oman, at the head of a technical delegation, on Sunday to increase bilateral banking and monetary cooperation. Legal, Tax, Regulation & Compliance Turkish central bank raises reserve requirements News Aggregation Team Wednesday, May 28, 2025 1:00 am https://middleeast.managersofwealth.com/article/49741/turkish-central-bank-raises-reserve-requirements Move comes as governor says bank will maintain tight monetary stance Legal, Tax, Regulation & Compliance Royal Jordanian Airline signs $250mln syndicated loan agreement led by Arab Bank News Aggregation Team Friday, May 23, 2025 1:00 am https://middleeast.managersofwealth.com/article/49722/royal-jordanian-airline-signs-250mln-syndicated-loan-agreement-led-by-arab-bank This step underscores the solid confidence the banking sector places in the airline, according to a statement by the Arab Bank Legal, Tax, Regulation & Compliance Oman Signs Several Agreements with Islamic Development Bank Group News Aggregation Team Friday, May 23, 2025 1:00 am https://middleeast.managersofwealth.com/article/49724/oman-signs-several-agreements-with-islamic-development-bank-group The signing took place on the sidelines of the 50th Annual Meeting of the Islamic Development Bank Group's Board of Governors held in Algeria. Legal, Tax, Regulation & Compliance Dubai Customs strengthens leadership in digital transformation News Team Friday, May 23, 2025 1:00 am https://middleeast.managersofwealth.com/article/49725/dubai-customs-strengthens-leadership-in-digital-transformation Crowned with “Best Pioneering Initiative” in Hamdan bin Mohammed Program for Government Services Legal, Tax, Regulation & Compliance Kuwaiti lender Boubyan prices $500mln 5-year sukuk News Aggregation Team Friday, May 30, 2025 1:00 am https://middleeast.managersofwealth.com/article/49751/kuwaiti-lender-boubyan-prices-500mln-5-year-sukuk The issuance is rated A by Fitch, in line with the lender’s rating by Fitch and S&P, and A2 by Moody’s Retail Banking Ajman Bank wins MEA Finance Banking Technology Awards 2025 for outstanding innovation and digital excellence in Islamic Banking News Team Friday, May 30, 2025 1:00 am https://middleeast.managersofwealth.com/article/49752/ajman-bank-wins-mea-finance-banking-technology-awards-2025-for-outstanding-innovation-and-digital-excellence-in-islamic-banking The awards celebrate excellence in banking innovation and digital transformation across the Middle East and Africa Retail Banking NBB named Best Bank in Bahrain at Euromoney Awards for Excellence 2025 News Aggregation Team Friday, May 30, 2025 1:00 am https://middleeast.managersofwealth.com/article/49753/nbb-named-best-bank-in-bahrain-at-euromoney-awards-for-excellence-2025 NBB achieved strong growth with a 7% rise in assets and 11% increase in profits. Retail Banking Commercial Bank awarded with best bank for SMEs in Qatar by Euromoney News Aggregation Team Thursday, May 29, 2025 1:00 am https://middleeast.managersofwealth.com/article/49749/commercial-bank-awarded-with-best-bank-for-smes-in-qatar-by-euromoney The Bank has also introduced remote cheque deposits and a state-of-the-art trade portal Retail Banking UAE Central Bank orders halt to minimum balance hike News Aggregation Team Wednesday, May 28, 2025 1:00 am https://middleeast.managersofwealth.com/article/49738/uae-central-bank-orders-halt-to-minimum-balance-hike Circulating reports claim some banks may raise minimum balance requirement to Dh5,000 Retail Banking NBK-Egypt sees 58% higher profits in Q1-25 News Aggregation Team Wednesday, May 28, 2025 1:00 am https://middleeast.managersofwealth.com/article/49739/nbk-egypt-sees-58-higher-profits-in-q1-25 Net operating income stood at EGP 3.80 billion in Q1-25, higher by 38% than EGP 2.80 billion in Q1-24, according to the financial results Retail Banking NBK-Egypt reports EGP 2bln (Equivalent to KWD 12.6mln) net profit in 1Q2025 News Team Tuesday, May 27, 2025 1:00 am https://middleeast.managersofwealth.com/article/49732/nbk-egypt-reports-egp-2bln-equivalent-to-kwd-126mln-net-profit-in-1q2025 Marking Record 58% Growth Retail Banking Capital Bank wins two prestigious awards: “Best Mobile Banking App in Jordan” and “Best Wealth Management Services in Jordan” for 2025 News Team Friday, May 23, 2025 1:00 am https://middleeast.managersofwealth.com/article/49719/capital-bank-wins-two-prestigious-awards-ampldquobest-mobile-banking-app-in-jordanamprdquo-and-ampldquobest-wealth-management-services-in-jordanamprdquo-for-2025 The bank was named Best Mobile Banking App in Jordan for the second year in a row Retail Banking Emirates Development Bank launches game-changing digital banking platform to empower UAE entrepreneurs News Team Friday, May 23, 2025 1:00 am https://middleeast.managersofwealth.com/article/49721/emirates-development-bank-launches-game-changing-digital-banking-platform-to-empower-uae-entrepreneurs On the final day of Make it in the Emirates 2025 Retail Banking ALEXBANK’s net profits leap 73% YoY in Q1 2025 News Aggregation Team Thursday, May 22, 2025 1:00 am https://middleeast.managersofwealth.com/article/49717/alexbankamprsquos-net-profits-leap-73-yoy-in-q1-2025 Despite the economic challenges, ALEXBANK maintained its solid position in terms of the capital adequacy ratio which stood at 30.84%, exceeding regulatory requirements Retail Banking UAE leads MENA M&A boom with 63 deals in Q1-25 News Aggregation Team Thursday, May 29, 2025 1:00 am https://middleeast.managersofwealth.com/article/49746/uae-leads-mena-mampampa-boom-with-63-deals-in-q1-25 UAE remained the top target country with 63 deals totalling $20.3bln in Q1-2025 Alternative Investments Investcorp announces sale of Citykart to TPG NewQuest and A91 Partners News Team Tuesday, May 27, 2025 1:00 am https://middleeast.managersofwealth.com/article/49733/investcorp-announces-sale-of-citykart-to-tpg-newquest-and-a91-partners It represents the fifth full exit from the firm’s India Consumer Growth Portfolio (ICGP) and the sixth liquidity event for the India franchise in the past 32 months Alternative Investments QIC launches new personal cyber insurance coverage News Team Tuesday, May 27, 2025 1:00 am https://middleeast.managersofwealth.com/article/49734/qic-launches-new-personal-cyber-insurance-coverage An innovative coverage against financial losses from cyberattacks, online shopping fraud, credit card fraud and phishing scams Alternative Investments Saudi Arabia’s PIF halts Swiss financial market investments over Credit Suisse fallout News Aggregation Team Friday, May 23, 2025 1:00 am https://middleeast.managersofwealth.com/article/49720/saudi-arabiaamprsquos-pif-halts-swiss-financial-market-investments-over-credit-suisse-fallout PIF also continues to expand its footprint across Europe, signaling a redirection of capital. Alternative Investments The Arab Coordination Group Strengthens Partnership with the Private Sector through a Pivotal Session to Advance Sustainable Development News Team Thursday, May 22, 2025 1:00 am https://middleeast.managersofwealth.com/article/49712/the-arab-coordination-group-strengthens-partnership-with-the-private-sector-through-a-pivotal-session-to-advance-sustainable-development The session brought together key stakeholders from ACG institutions, private sector companies, government entities, and international organizations to discuss collaborative strategies for promoting sustainable development. Alternative Investments Saudi Arabia’s PIF halts Swiss financial market investments over Credit Suisse fallout News Aggregation Team Thursday, May 22, 2025 1:00 am https://middleeast.managersofwealth.com/article/49714/saudi-arabiaamprsquos-pif-halts-swiss-financial-market-investments-over-credit-suisse-fallout PIF continues to expand footprint across Europe, signaling redirection of capital Alternative Investments Development Bank CEO highlights climate finance leadership News Team Thursday, May 22, 2025 1:00 am https://middleeast.managersofwealth.com/article/49715/development-bank-ceo-highlights-climate-finance-leadership This evolution means moving beyond traditional project funding Alternative Investments Finnish official invites Qatari businessmen to invest in Finland News Aggregation Team Wednesday, May 21, 2025 1:00 am https://middleeast.managersofwealth.com/article/49710/finnish-official-invites-qatari-businessmen-to-invest-in-finland He affirmed that Qatar’s market welcomes additional Finnish companies seeking investment Alternative Investments EFG Finance approves acquisition of Fatura by MaxAB-Wasoko News Team Tuesday, May 20, 2025 1:00 am https://middleeast.managersofwealth.com/article/49702/efg-finance-approves-acquisition-of-fatura-by-maxab-wasoko Accelerating Pan-African B2B and Fintech Services Rollout and Ambitious Expansion Alternative Investments BCG, McKinsey and Kearney head LinkedIn list of the UAE’s top employers News Aggregation Team Friday, May 16, 2025 1:00 am https://middleeast.managersofwealth.com/article/49684/bcg-mckinsey-and-kearney-head-linkedin-list-of-the-uaeamprsquos-top-employers Now into its fifth local edition, LinkedIn’s annual list is a determination of which companies offer the best opportunities for career growth Alternative Investments Tim Denton of Habib Bank AG Zurich: The UAE’s Ascent as a Global Wealth Structuring Hub News Aggregation Team Tuesday, May 27, 2025 1:00 am https://middleeast.managersofwealth.com/article/49727/tim-denton-of-habib-bank-ag-zurich-the-uaeamprsquos-ascent-as-a-global-wealth-structuring-hub Tim opened his remarks by framing the discussion in the context of an increasingly transparent world. Wealth & Asset Management NBK Wealth Group relocates to its new London office News Team Wednesday, May 21, 2025 1:00 am https://middleeast.managersofwealth.com/article/49703/nbk-wealth-group-relocates-to-its-new-london-office The new office, situated within NBK’s London building, offers enhanced client meeting spaces and upgraded technological infrastructure. Wealth & Asset Management Standard Chartered: “Global Islamic Finance Assets to Surpass USD 7.5 Trillion by 2028” News Team Monday, May 19, 2025 1:00 am https://middleeast.managersofwealth.com/article/49695/standard-chartered-ampldquoglobal-islamic-finance-assets-to-surpass-usd-75-trillion-by-2028amprdquo 36% asset growth over next four years as Islamic Banking enters new phase Wealth & Asset Management Hoxton Wealth launches new app experience to empower financial control News Team Tuesday, May 13, 2025 1:00 am https://middleeast.managersofwealth.com/article/49661/hoxton-wealth-launches-new-app-experience-to-empower-financial-control Hoxton Wealth has launched two major upgrades to its fast-growing wealth app Wealth & Asset Management Doha emerges as leading wealth destination News Aggregation Team Tuesday, May 06, 2025 1:00 am https://middleeast.managersofwealth.com/article/49615/doha-emerges-as-leading-wealth-destination The report is the first of a three-part series looking at real estate markets in emerging wealth hubs in the GCC such as Riyadh and Jeddah. Wealth & Asset Management NBO recognised by Euromoney for private banking & wealth management excellence News Team Monday, May 05, 2025 1:00 am https://middleeast.managersofwealth.com/article/49608/nbo-recognised-by-euromoney-for-private-banking-ampamp-wealth-management-excellence These awards underscore NBO’s commitment to delivering tailored financial solutions and comprehensive wealth management strategies Wealth & Asset Management Hoxton Wealth sets out financial planning strategies for global expats in Qatar News Team Friday, May 02, 2025 1:00 am https://middleeast.managersofwealth.com/article/49601/hoxton-wealth-sets-out-financial-planning-strategies-for-global-expats-in-qatar When surveyed at the event, 57% of attendees said that their financial priority for being in Qatar was to accumulate wealth Wealth & Asset Management Private banks are winning over Gen Z clients using technology News Aggregation Team Wednesday, April 30, 2025 1:00 am https://middleeast.managersofwealth.com/article/49584/private-banks-are-winning-over-gen-z-clients-using-technology A new wave of investors, young and tech-savvy, demand a digital-first approach Wealth & Asset Management GIB Group, Stanhope team up to offer wealth advisory across GCC region News Aggregation Team Wednesday, April 30, 2025 1:00 am https://middleeast.managersofwealth.com/article/49583/gib-group-stanhope-team-up-to-offer-wealth-advisory-across-gcc-region This collaboration aims to offer institutional and eligible private clients a full spectrum of services. Wealth & Asset Management Fund firms fear bank backlash over direct family office business News Aggregation Team Thursday, April 17, 2025 1:00 am https://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 Saudi Central Bank: Driving Transformation in Digital Payments News Aggregation Team Thursday, May 29, 2025 1:00 am https://middleeast.managersofwealth.com/article/49748/saudi-central-bank-driving-transformation-in-digital-payments Against this backdrop, the financial-inclusion rate is now nearly 94 percent of the Kingdom’s adult population. FinTech Jordan’s major bank data stolen, claim hackers News Aggregation Team Wednesday, May 28, 2025 1:00 am https://middleeast.managersofwealth.com/article/49740/jordanamprsquos-major-bank-data-stolen-claim-hackers This is a standard operating procedure in the ransomware playbook to pressure victims into paying the ransom. FinTech Mastercard opens cyber resilience centre in Saudi Arabia News Team Tuesday, May 27, 2025 1:00 am https://middleeast.managersofwealth.com/article/49729/mastercard-opens-cyber-resilience-centre-in-saudi-arabia This is Mastercard’s first initiative in the Middle East, extending the company’s global network of cyber resilience centers which includes locations in Europe and the United States. FinTech 16 FinTech firms licensed, leading digital transformation in non-banking sector: Egypt’s FRA News Aggregation Team Tuesday, May 27, 2025 1:00 am https://middleeast.managersofwealth.com/article/49730/16-fintech-firms-licensed-leading-digital-transformation-in-non-banking-sector-egyptamprsquos-fra Four companies currently offer outsourcing services and are registered with the authority, with new entrants anticipated, Farid stated. FinTech Ripple Builds on Dubai Regulatory License to Announce Zand Bank and Mamo As First Blockchain-Enabled Payments Clients in the UAE News Team Tuesday, May 20, 2025 1:00 am https://middleeast.managersofwealth.com/article/49696/ripple-builds-on-dubai-regulatory-license-to-announce-zand-bank-and-mamo-as-first-blockchain-enabled-payments-clients-in-the-uae The UAE is on an incredible growth path, with over a million businesses expected to call it home by 2030. FinTech From oil to Bitcoin: Saudi Central Bank stakes big on MicroStrategy News Aggregation Team Monday, May 19, 2025 1:00 am https://middleeast.managersofwealth.com/article/49688/from-oil-to-bitcoin-saudi-central-bank-stakes-big-on-microstrategy This investment effectively ties a portion of Saudi Arabia’s sovereign wealth to the crypto market. FinTech Mashreq set to partner with Clari5 (A Perfios Company) to launch GenAI Powered Fraud Detection Platform News Team Friday, May 16, 2025 1:00 am https://middleeast.managersofwealth.com/article/49679/mashreq-set-to-partner-with-clari5-a-perfios-company-to-launch-genai-powered-fraud-detection-platform Mashreq aims to collaborate with Clari5 as its technology partner to create Clari5 Genie FinTech Trump heads to UAE as it hopes to advance AI ambitions News Aggregation Team Thursday, May 15, 2025 1:00 am https://middleeast.managersofwealth.com/article/49673/trump-heads-to-uae-as-it-hopes-to-advance-ai-ambitions Preliminary agreement would allow US chip imports FinTech Doha emerges as global epicenter for fintech, insurtech innovation as MENA summits conclude News Aggregation Team Wednesday, May 14, 2025 1:00 am https://middleeast.managersofwealth.com/article/49664/doha-emerges-as-global-epicenter-for-fintech-insurtech-innovation-as-mena-summits-conclude This year’s expanded agenda offered a comprehensive view of the future of finance and risk management FinTech Cisco expands partnership with Saudi Arabia to power the AI future News Team Wednesday, May 14, 2025 1:00 am https://middleeast.managersofwealth.com/article/49666/cisco-expands-partnership-with-saudi-arabia-to-power-the-ai-future Cisco to Join HUMAIN’s Initiative to Build the Kingdom’s Future AI Infrastructure FinTech Abu Dhabi's Mubadala sells $1bln in 10-year sukuk News Aggregation Team Thursday, May 29, 2025 1:00 am https://middleeast.managersofwealth.com/article/49745/abu-dhabiamp039s-mubadala-sells-1bln-in-10-year-sukuk Abu Dhabi Commercial Bank, First Abu Dhabi Bank , HSBC, JPMorgan and Mizuho are joint global coordinators for Mubadala's sukuk sale Islamic Finance Islamic Treasury sukuk auction for May 2025 attracts bids worth AED 6.93bln News Team Friday, May 23, 2025 1:00 am https://middleeast.managersofwealth.com/article/49723/islamic-treasury-sukuk-auction-for-may-2025-attracts-bids-worth-aed-693bln Yield to Maturity (YTM) of 3.99% for the May 2027 tranche and 4.06% for the newly issued 5-Year tranche maturing in May 2030, with a tight spread of 2 and flat basis points respectively, above comparable US Treasuries at the time of issuance. Islamic Finance Trends in Islamic Investment and Finance Structuring in Focus News Team Thursday, May 22, 2025 1:00 am https://middleeast.managersofwealth.com/article/49711/trends-in-islamic-investment-and-finance-structuring-in-focus The event featured a distinguished panel of experts in Shari’a-compliant international finance and structuring from Bahrain, the Gulf region and Jersey. Islamic Finance The Middle East’s best Islamic real-estate deal 2025 News Aggregation Team Thursday, May 22, 2025 1:00 am https://middleeast.managersofwealth.com/article/49713/the-middle-eastamprsquos-best-islamic-real-estate-deal-2025 ROSHN Real Estate Asset Management First Company SAR2 billion bilateral Islamic murabaha facility Islamic Finance Saudi Bank Albilad mandates banks on USD-denominated AT1 sukuk News Aggregation Team Wednesday, May 14, 2025 1:00 am https://middleeast.managersofwealth.com/article/49665/saudi-bank-albilad-mandates-banks-on-usd-denominated-at1-sukuk Banks have been mandated for the private placement Islamic Finance Khaleeji Bank announces 7.81% increase in net profit attributable to shareholders for Q1 2025 News Team Tuesday, May 13, 2025 1:00 am https://middleeast.managersofwealth.com/article/49662/khaleeji-bank-announces-781-increase-in-net-profit-attributable-to-shareholders-for-q1-2025 Appoints Mr. Yousif Taqi as Chairman of the Board, Succeeding Alrayes Islamic Finance Global news and insight for corporate financial professionals News Aggregation Team Friday, May 02, 2025 1:00 am https://middleeast.managersofwealth.com/article/49602/global-news-and-insight-for-corporate-financial-professionals Islamic banks’ overall sector balance sheet was also stable last year. Islamic Finance NBO Muzn Islamic Banking Sorouh initiative with three strategic MoUs News Team Thursday, April 24, 2025 1:00 am https://middleeast.managersofwealth.com/article/49560/nbo-muzn-islamic-banking-sorouh-initiative-with-three-strategic-mous The signings reflect Muzn Islamic Banking’s commitment to enable affordable home ownership through strategic partnerships and Shari’a compliant financial solutions Islamic Finance GCC Islamic banks to witness more M&A activity in 2025 News Aggregation Team Tuesday, April 22, 2025 1:00 am https://middleeast.managersofwealth.com/article/49541/gcc-islamic-banks-to-witness-more-mampampa-activity-in-2025 Newer and smaller Islamic banks are more vulnerable to M&A due to weaker franchises, Fitch Ratings says Islamic Finance Boubyan Bank records KD 26.5mln in net profits for Q1 2025 News Team Tuesday, April 22, 2025 1:00 am https://middleeast.managersofwealth.com/article/49542/boubyan-bank-records-kd-265mln-in-net-profits-for-q1-2025 Net profit growth of 6% and earnings per share of 5.31 fils Islamic Finance MENA region recorded 225 M&A deals with a value of $46bln during Q1 2025 News Team Friday, May 30, 2025 1:00 am https://middleeast.managersofwealth.com/article/49757/mena-region-recorded-225-mampampa-deals-with-a-value-of-46bln-during-q1-2025 Both deal value and deal volume in Q1 2025 increased when compared to Q1 2024 Research, Comment and Analysis How the UAE became the world's second-largest hub for gold trade News Aggregation Team Thursday, May 29, 2025 1:00 am https://middleeast.managersofwealth.com/article/49747/how-the-uae-became-the-worldamp039s-second-largest-hub-for-gold-trade How infrastructure, policy, and timing helped the UAE rise to gold-trading prominence Research, Comment and Analysis GCC banks post record profits News Aggregation Team Wednesday, May 28, 2025 1:00 am https://middleeast.managersofwealth.com/article/49737/gcc-banks-post-record-profits In the first quarter of this year, financial institutions in the Gulf reported a net profit of USD 15.6 billion, 7.1% higher than in the previous quarter. Research, Comment and Analysis SAB and HSBC to power Riyadh Air’s expansion across Mideast, Asia News Aggregation Team Friday, May 23, 2025 1:00 am https://middleeast.managersofwealth.com/article/49726/sab-and-hsbc-to-power-riyadh-airamprsquos-expansion-across-mideast-asia Executives from SAB and HSBC joined Riyadh Air at its new head office at the GACA Campus on Airport Road, for a signing ceremony to mark the partnership. Research, Comment and Analysis Latest KPMG study reveals dip in AI trust amid rising adoption News Team Wednesday, May 21, 2025 1:00 am https://middleeast.managersofwealth.com/article/49707/latest-kpmg-study-reveals-dip-in-ai-trust-amid-rising-adoption The research captures the views of ~48,000 people from 47 countries Research, Comment and Analysis MENA’s entrepreneurs must think in ecosystems, not silos News Aggregation Team Monday, May 19, 2025 1:00 am https://middleeast.managersofwealth.com/article/49689/menaamprsquos-entrepreneurs-must-think-in-ecosystems-not-silos While still effective in many industries, this method now runs the risk of constraining growth and innovation. Research, Comment and Analysis Surge in bank account ownerships positions UAE among most banked nations News Aggregation Team Tuesday, May 13, 2025 1:00 am https://middleeast.managersofwealth.com/article/49657/surge-in-bank-account-ownerships-positions-uae-among-most-banked-nations The YouGov survey, which explored how UAE residents engage with financial services Research, Comment and Analysis The Rise of the UAE as a New Power Hub for Global Wealth Management News Aggregation Team Friday, May 09, 2025 1:00 am https://middleeast.managersofwealth.com/article/49644/the-rise-of-the-uae-as-a-new-power-hub-for-global-wealth-management Challenging misconceptions about access to residency and financial requirements Research, Comment and Analysis Bain & Company’s social impact pledge: $2bln in pro bono consulting by 2035 News Team Friday, May 09, 2025 1:00 am https://middleeast.managersofwealth.com/article/49646/bain-ampamp-companyamprsquos-social-impact-pledge-2bln-in-pro-bono-consulting-by-2035 The firm has achieved its 10-year goal of delivering $1.1 billion in pro bono consulting services to nonprofit and public-sector organizations; it will triple that impact over the next decade Research, Comment and Analysis PwC Middle East and Cynalytica announce strategic partnership to define the next frontier in industrial cybersecurity News Team Wednesday, May 07, 2025 1:00 am https://middleeast.managersofwealth.com/article/49627/pwc-middle-east-and-cynalytica-announce-strategic-partnership-to-define-the-next-frontier-in-industrial-cybersecurity Founded in the U.S., Cynalytica has earned trust from the U.S. Department of Energy, the U.S. Navy, Army, Air Force, and national intelligence programs Research, Comment and Analysis Deutsche Bank secures ADGM license, expanding presence in UAE News Aggregation Team Thursday, May 22, 2025 1:00 am https://middleeast.managersofwealth.com/article/49716/deutsche-bank-secures-adgm-license-expanding-presence-in-uae Jean-Pierre Habis has been appointed as a senior manager for the new ADGM branch Investment Bank Beltone Investment Banking concludes EGP500mln securitized bond issuance for Jameel Finance-Egypt News Team Monday, May 19, 2025 1:00 am https://middleeast.managersofwealth.com/article/49691/beltone-investment-banking-concludes-egp500mln-securitized-bond-issuance-for-jameel-finance-egypt This transaction reinforces Beltone’s position as a leader in Egypt’s debt capital markets Investment Bank Standard Chartered opens representative office in Morocco News Team Thursday, May 15, 2025 1:00 am https://middleeast.managersofwealth.com/article/49674/standard-chartered-opens-representative-office-in-morocco New office located at the Casablanca Finance City Investment Bank Al Masraf reports net profit of AED 231mln in 2024 News Team Friday, May 02, 2025 1:00 am https://middleeast.managersofwealth.com/article/49600/al-masraf-reports-net-profit-of-aed-231mln-in-2024 Representing an Increase of 22% Investment Bank SICO named best investment bank in Bahrain News Team Tuesday, April 15, 2025 1:00 am https://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 https://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 https://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 https://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 https://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 https://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 Gulf Bank completes sustainability governance infrastructure News Team Wednesday, January 22, 2025 12:00 am https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://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