Managers of Wealth - Middle East http://mebankers.net/ Wed, 21 Aug 2019 17:42:16 BST part of MediaG8way Group http://mebankers.net/ http://mebankers.net/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP NBB launches new financial restructuring division, appoints Head Ana Hall Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30252/nbb-launches-new-financial-restructuring-division-appoints-head Heading the new division as Chief Executive - Financial Restructuring is Mr. Bruce Wade On the Move Gulf Business Machines names CEO Mitzi Limlengco Monday, August 19, 2019 1:00 am http://mebankers.net/article/30217/gulf-business-machines-names-ceo Amr Refaat as Chief Executive Officer for the company’s regional operations. On the Move ICAEW adds 4 members to Mideast panel of experts News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30221/icaew-adds-4-members-to-mideast-panel-of-experts The CFF hosts four panel discussion events in the region annually- On the Move Geneva Wealth Manager Poaches Berenberg Private Banker News Aggregation Team Friday, August 16, 2019 1:00 am http://mebankers.net/article/30195/geneva-wealth-manager-poaches-berenberg-private-banker Post will report to Paolo Anastasi, a member of the executive committee and head of private banking. On the Move Former UBS banker to represent Qatar on Deutsche supervisory board - sources News Aggregation Team Tuesday, August 13, 2019 1:00 am http://mebankers.net/article/30128/former-ubs-banker-to-represent-qatar-on-deutsche-supervisory-board-sources Zeltner is expected to replace Richard Meddings, who is leaving the board. On the Move Europe Arab Bank snaps up trade finance expert News Aggregation Team Tuesday, August 13, 2019 1:00 am http://mebankers.net/article/30136/europe-arab-bank-snaps-up-trade-finance-expert He began his career with JP Morgan in London before joining HSBC where he was head of corporate banking in Lebanon and subsequently head of trade sales, commercial banking UAE in Dubai. On the Move BofAML names head of EMEA fintech investment banking News Aggregation Team Tuesday, August 13, 2019 1:00 am http://mebankers.net/article/30142/bofaml-names-head-of-emea-fintech-investment-banking He will be based in London and will report to Giorgio Cocini and Arif Vohra On the Move Deutsche Bank Wealth Management announces the hire of three Directors in Dubai News Aggregation Team Thursday, August 08, 2019 1:00 am http://mebankers.net/article/30083/deutsche-bank-wealth-management-announces-the-hire-of-three-directors-in-dubai The hire of these three new directors follows the bank’s prior announcement of its intent to hire 300 investment and relationship managers across all of its regions of business, as stated by Fabrizio Campell On the Move The head of EMEA utilities just resigned from Deutsche Bank News Aggregation Team Wednesday, August 07, 2019 1:00 am http://mebankers.net/article/30050/the-head-of-emea-utilities-just-resigned-from-deutsche-bank One Deutsche insider said other exits are likely at the end of the summer. On the Move CFA Society Emirates appoints new Board of Directors Mitzi Limlengco Wednesday, August 07, 2019 1:00 am http://mebankers.net/article/30071/cfa-society-emirates-appoints-new-board-of-directors UAE member society of CFA Institute, announced today the appointment of Richard Lee, CFA, as its new president On the Move UAE Gathers To Talk Finance Future Kris Borres Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30251/uae-gathers-to-talk-finance-future Banking industry leaders are among the many top-level executives and officials confirmed as speakers for the gathering, Al-Hashel boasted. Legal, Tax, Regulation & Compliance Qatar eyes central regulator for Islamic finance sector News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30253/qatar-eyes-central-regulator-for-islamic-finance-sector Financial services firms have been self-governing until now Legal, Tax, Regulation & Compliance UAE national service recruits given bank fee exemption News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30256/uae-national-service-recruits-given-bank-fee-exemption Policy is designed to help young Emiratis who may not have built up their own funds Legal, Tax, Regulation & Compliance Kuwait's Alargan Int'l Real Estate signs $218m bank facilities contract News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30264/kuwaitamp039s-alargan-intamp039l-real-estate-signs-218m-bank-facilities-contract Of the total amount, $36.2m will be used to fund projects by the developer behind Al Bida'a in Kuwait and Argan Village in Bahrain Legal, Tax, Regulation & Compliance Int’l banking event to yield holistic sight: top Kuwait banker News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30231/intamprsquol-banking-event-to-yield-holistic-sight-top-kuwait-banker Banking industry leaders are among the many top-level executives and officials confirmed as speakers for the gathering, Hashel boasted. Legal, Tax, Regulation & Compliance Bahrain central bank issues final rules on insurance aggregators News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30234/bahrain-central-bank-issues-final-rules-on-insurance-aggregators The regulations target intermediaries with an insurance broker’s license that operate on an online platform or app and that provide price comparisons of insurance policies, and facilitate the purchase of insurance policies on behalf of insurance com Legal, Tax, Regulation & Compliance Egypt's central bank seen cutting key interest rates News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30243/egyptamp039s-central-bank-seen-cutting-key-interest-rates Three others expected the bank to keep its overnight rates unchanged. Legal, Tax, Regulation & Compliance NAB obtained evidence from UAE against Zardari money laundering News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30246/nab-obtained-evidence-from-uae-against-zardari-money-laundering The arrest warrants against Nasser Abdulla have been cancelled; however, the final decision on his plea to become the approver will be made by NAB Chairman Justice (r) Javed Iqbal. Legal, Tax, Regulation & Compliance Oman issues $3bln international bonds News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30215/oman-issues-3bln-international-bonds The proceeds from the debt-raising will enable the Sultanate to meet a significant portion of its expected funding needs for the year. Legal, Tax, Regulation & Compliance KFH-Bahrain in consumer financing deal for Golden Gate News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30209/kfh-bahrain-in-consumer-financing-deal-for-golden-gate Our collaboration with Golden Gate comes in line with the bank’s efforts to provide suitable financing for our customers Legal, Tax, Regulation & Compliance From 7.9% to 6%: UAE banks get kind of generous on mortgages News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30249/from-79-to-6-uae-banks-get-kind-of-generous-on-mortgages Rate cuts offered by some banks on existing loans — but only for one-year terms Retail Banking Al Baraka Bank Egypt's net profit grew 31% in the first half of 2019 Mitzi Limlengco Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30262/al-baraka-bank-egyptamp039s-net-profit-grew-31-in-the-first-half-of-2019 The total balance sheet of the bank at the end of June 2019 amounted to 66.8 billion Egyptian pounds, a growth of about 15% over the same period of the previous year. Retail Banking Profits of 157 Kuwaiti listed firms grow 6% in Q2 2019 News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30238/profits-of-157-kuwaiti-listed-firms-grow-6-in-q2-2019 The banking sector led the quarterly top gainers Retail Banking Robust private sector credit offtake boosts Qatar bank assets News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30245/robust-private-sector-credit-offtake-boosts-qatar-bank-assets The higher growth in credit to the private sector shows the resiliency in the overall economy especially outside the hydrocarbons, even amidst the economic blockade, market sources said. Retail Banking ENBD, DIFC certify 5 startups in API Sandbox program News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30247/enbd-difc-certify-5-startups-in-api-sandbox-program This even paves the way for inclusion of government partnerships with banks and FinTechs. Retail Banking PIFSS approves merger of KFH and Bahrain Ahli Bank News Aggregation Team Friday, August 16, 2019 1:00 am http://mebankers.net/article/30191/pifss-approves-merger-of-kfh-and-bahrain-ahli-bank Sources noted that the Wafra International Investment Company participated in the evaluation and study process, and stipulated in its approval to open the books of both banks and start the process. Retail Banking Bahrain Islamic Bank six-month profit down 5.56 pct News Aggregation Team Thursday, August 15, 2019 1:00 am http://mebankers.net/article/30165/bahrain-islamic-bank-six-month-profit-down-556-pct Total income rose 10.34 per cent to 22.566 million dinars but this was hit by a 13.04 per cent increase in total expenses to 13.341 million dinars. Retail Banking BBK to launch e-remittance on MaxWallet News Aggregation Team Thursday, August 15, 2019 1:00 am http://mebankers.net/article/30167/bbk-to-launch-e-remittance-on-maxwallet The bank said yesterday that the service will allow all BBK customers to make cross-border payments to bank accounts, mobile wallets and cash-out locations . Retail Banking Israel's Bank Hapoalim profit misses estimates as loan provision spikes Kris Borres Thursday, August 15, 2019 1:00 am http://mebankers.net/article/30183/israelamp039s-bank-hapoalim-profit-misses-estimates-as-loan-provision-spikes Income from regular financing activity - totaled NIS 2,572 million compared with NIS 2,470 million in the corresponding quarter of 2018, an increase of 4.1%. Retail Banking NBB is looking forward to diversifying through strategic expansion in regional markets News Aggregation Team Wednesday, August 14, 2019 1:00 am http://mebankers.net/article/30160/nbb-is-looking-forward-to-diversifying-through-strategic-expansion-in-regional-markets Jean Christophe Durand, CEO of the National Bank of Bahrain, discusses his strategy to position the national bank as a market leader not only in Bahrain but also amongst its regional peers. Retail Banking OPC prepares for Dubai 2020 Expo News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30254/opc-prepares-for-dubai-2020-expo “The most important part was not about participation at the major event, but the preparatory work that different sectors should do to attract investors. Alternative Investments Saudi Arabia selling the Aramco IPO, yet again News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30255/saudi-arabia-selling-the-aramco-ipo-yet-again The IPO has never been about raising capital for the company but rather for the enormous spending requirements of the state. Alternative Investments IBC Group intends to acquire some 10,000 premier properties in Dubai News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30259/ibc-group-intends-to-acquire-some-10000-premier-properties-in-dubai With the S&P Global Ratings forecasting growth in the real estate and hospitality sectors by 2020, this IBC Group venture comes at an opportune time. Alternative Investments Scottish Gas HQ sold to Middle East investors for £26.9m News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30265/scottish-gas-hq-sold-to-middle-east-investors-for-amppound269m It has now secured the award-winning Foster and Partners-designed office building on the Edinburgh waterfront. Alternative Investments Corporates and SMEs – the banking landscape going forward News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30230/corporates-and-smes-ampndash-the-banking-landscape-going-forward All about IBPC’s Banking, Financial Services & Insurance focus group Alternative Investments Shuaa action propels DFM to Dh1b single-day trade News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30232/shuaa-action-propels-dfm-to-dh1b-single-day-trade Stock market has had a stellar run in the year so far, with double-digit gains Alternative Investments UAE's Finablr reports 9.1% jump in first-half adjusted income News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30248/uaeamp039s-finablr-reports-91-jump-in-first-half-adjusted-income The company reaffirms IPO guidance in first financial results since its trading debut in May Alternative Investments Dubai to spend over $75.4mln on green projects for Expo 2020 News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30213/dubai-to-spend-over-754mln-on-green-projects-for-expo-2020 The Expo has allocated an area of 220,000 sq metres to a plant nursery Alternative Investments Empower initiates summer awareness campaign to foster green economy News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30218/empower-initiates-summer-awareness-campaign-to-foster-green-economy The firm recommends periodic maintenance of air conditioners, and that chillers are set to a fixed 24 degrees. Alternative Investments China’s appetite for Dubai properties is increasing News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30220/chinaamprsquos-appetite-for-dubai-properties-is-increasing With almost 100K daily visits to the platform, dubizzle Property has also identified that Chinese nationals were among the top 20 nationalities searching for properties on the platform in the first three quarters of 2018. Alternative Investments Gibraltar-based firm eyes expansion after WM acquisition Ana Hall Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30258/gibraltar-based-firm-eyes-expansion-after-wm-acquisition It is ‘looking at obtaining licences’ to bolster its operations Wealth & Asset Management Nine private banks in Egypt gain EGP 14.941bn net profits in 1H2019 News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30226/nine-private-banks-in-egypt-gain-egp-14941bn-net-profits-in-1h2019 CIB – Egypt tops the list by EGP 5.355bn profits, QNB Alahli comes second by EGP 4.217bn Wealth & Asset Management New Guernsey Finance BD Director looking to make a mark in South Africa’s private wealth scene Mitzi Limlengco Tuesday, August 13, 2019 1:00 am http://mebankers.net/article/30137/new-guernsey-finance-bd-director-looking-to-make-a-mark-in-south-africaamprsquos-private-wealth-scene Guernsey is keen to grow its presence in the region, and Mr Crawford believes the country offers opportunities for the island. Wealth & Asset Management Saudi Prince’s Rise to Power Turns Him Into a Billionaire Boss News Aggregation Team Sunday, August 11, 2019 1:00 am http://mebankers.net/article/30109/saudi-princeamprsquos-rise-to-power-turns-him-into-a-billionaire-boss Mohammed Bin Salman’s grip on the House of Saud’s vast fortune is tightening. Wealth & Asset Management Dubai's Jetex moves into ultra-luxury concierge services, aircraft sales News Aggregation Team Wednesday, August 07, 2019 1:00 am http://mebankers.net/article/30047/dubaiamp039s-jetex-moves-into-ultra-luxury-concierge-services-aircraft-sales The private aviation firm has a specialised department that helps plan trips that can include villas, butlers and private security Wealth & Asset Management StanChart first-half profit rises 3%, beats forecasts Mitzi Limlengco Thursday, August 01, 2019 1:00 am http://mebankers.net/article/29974/stanchart-first-half-profit-rises-3-beats-forecasts The latest profit compared with the $2.23 billion average of 11 analyst estimates compiled by Standard Chartered. Wealth & Asset Management JP Morgan expects 10% annual growth in Mena wealth management business News Aggregation Team Thursday, July 25, 2019 1:00 am http://mebankers.net/article/29895/jp-morgan-expects-10-annual-growth-in-mena-wealth-management-business A number of new sectors are being considered by Mena clients to boost their investment portfolio. Wealth & Asset Management Cyprus based firm acquires ME financial planning and wealth management company Michael Pilgrim Thursday, July 18, 2019 1:00 am http://mebankers.net/article/29783/cyprus-based-firm-acquires-me-financial-planning-and-wealth-management-company “This gives our clients an even stronger and more diverse range of investment management skills and we believe this will enable us to deliver an even better investment proposition and service to our enlarged client base,” Mr Doherty added. Wealth & Asset Management Wealth Management Platform Market to Set Phenomenal Growth from 2019 to 2025 News Aggregation Team Monday, July 15, 2019 1:00 am http://mebankers.net/article/29724/wealth-management-platform-market-to-set-phenomenal-growth-from-2019-to-2025 Some are the key players taken under coverage for this study are SS and C, Fiserv, Broadridge, FIS, Profile Software, Temenos, SEI Investments, Investedge, Finantix, Comarch, Objectway & Dorsum. Wealth & Asset Management Is Barclays planning to slash jobs in Dubai? News Aggregation Team Sunday, July 14, 2019 1:00 am http://mebankers.net/article/29700/is-barclays-planning-to-slash-jobs-in-dubai UK-based lender likely to lay off 20% employees in its wealth management division, reports Bloomberg Wealth & Asset Management Israeli Financial Authority to Accelerate Blockchain, Fintech Licensure News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30250/israeli-financial-authority-to-accelerate-blockchain-fintech-licensure Additionally, preliminary research by the Israeli Securities Authority has shown that dozens of companies, at a minimum, could receive a work permit in Israel with minimal changes to their business models or technologies, per the report. FinTech Making strides in the Fintech world News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30260/making-strides-in-the-fintech-world Allied Wallet does this by introducing innovative payment processing solutions for online merchants, enabling them to send and receive global payments. FinTech Noor Bank partners with UnionPay to launch QR-based mobile payments News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30268/noor-bank-partners-with-unionpay-to-launch-qr-based-mobile-payments Noor Bank is the largest issuer of UnionPay cards in the UAE. FinTech In UAE, Dubai firms poised to launch blockchain data-sharing platform by 2020 News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30229/in-uae-dubai-firms-poised-to-launch-blockchain-data-sharing-platform-by-2020 The programme also outlines the creation of a consortium agreement to govern the mutualisation of KYC efforts among future participating banks, government bodies, financial institutions as well as other licensing authorities to subscribe to the platform. FinTech Kuwait Finance House launches open banking News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30235/kuwait-finance-house-launches-open-banking The preparation for open banking comes in support of the long-term vision of the Central Bank of Bahrain, as well as KFH-Bahrain’s strategy and commitment to further drive and support innovation in the fintech industry, by investing in systems that FinTech SMBC Selects Exiger's DDIQ as a New AI AML Tool in EMEA Region Mitzi Limlengco Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30244/smbc-selects-exigeramp039s-ddiq-as-a-new-ai-aml-tool-in-emea-region Following a rigorous evaluation period, SMBC selected DDIQ to deploy throughout its client onboarding and monitoring processes. FinTech Edinburgh’s Exterity expands operations in Middle East News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30207/edinburghamprsquos-exterity-expands-operations-in-middle-east Expansion of the team has seen the firm recently move into larger premises in Dubai. FinTech Bank Hapoalim Opts for Wolters Kluwer's OneSumX Software for Measuring Counterparty Credit Risk Ana Hall Monday, August 19, 2019 1:00 am http://mebankers.net/article/30228/bank-hapoalim-opts-for-wolters-kluweramp039s-onesumx-software-for-measuring-counterparty-credit-risk The solution identifies and estimates the degree of systemic concentration based on counterparty risk and credit exposure analysis and enables compliance with regulatory requirements such as Basel II/III. FinTech Kuwait International Bank launches video call banking service News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30222/kuwait-international-bank-launches-video-call-banking-service Customers will be able to talk to representatives face-to-face. FinTech Understanding the state of cryptocurrency in the UAE News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30224/understanding-the-state-of-cryptocurrency-in-the-uae Lack of regulations isn't hindering a surge in investments in crypto-based firms. FinTech ADIB UK provides Dh120m acquisition funding News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30261/adib-uk-provides-dh120m-acquisition-funding Funding is provided for the acquisition of Centrica headquarters in Edinburgh Islamic Finance Hassan Jarrar Named Best Banking CEO Mitzi Limlengco Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30266/hassan-jarrar-named-best-banking-ceo The IFM award recognises exceptional individuals and institutions that have achieved high standards of innovation Islamic Finance Kuwait Financial House Bahrain Launching Its Open Banking Infrastructure Ana Hall Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30267/kuwait-financial-house-bahrain-launching-its-open-banking-infrastructure Open Banking will create more opportunities for commercial collaborations and strategic partnerships. Islamic Finance BisB's fastest customer gets loan in 1 min 44 sec News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30236/bisbamp039s-fastest-customer-gets-loan-in-1-min-44-sec This service is provided through an accurate system that calculates additional financing that can be offered to the customer based on their monthly income and obligations. Islamic Finance Bidaya Finance wins four digital banking awards News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30242/bidaya-finance-wins-four-digital-banking-awards In the Kingdom of Saudi Arabia, home ownership for all citizens is a key goal of Vision 2030 and at Bidaya Islamic Finance GCC Islamic banks headed for more M&A deals News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30203/gcc-islamic-banks-headed-for-more-mampampa-deals Fitch rating sees consolidation an effective tool to boost competitive position Islamic Finance Bank of Sharjah to Plan Dollar Bond Sale to Repay Debt News Aggregation Team Wednesday, August 14, 2019 1:00 am http://mebankers.net/article/30154/bank-of-sharjah-to-plan-dollar-bond-sale-to-repay-debt The bank, based in the emirate of Sharjah, and will use the proceeds to help settle notes maturing in June next year, they said. Islamic Finance A continuous battle for Islamic banks in the UAE News Aggregation Team Monday, August 12, 2019 1:00 am http://mebankers.net/article/30126/a-continuous-battle-for-islamic-banks-in-the-uae Islamic banks in the UAE have collectively recorded slower growth over the course of 2018. Islamic Finance Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, report half-year profits Kris Borres Thursday, August 08, 2019 1:00 am http://mebankers.net/article/30085/ithmaar-holding-and-its-wholly-owned-subsidiary-ithmaar-bank-report-half-year-profits Ithmaar Bank was recently named "Best Bank for Personal Finance in Bahrain" by the World Union of Arab Bankers Islamic Finance Islamic finance industry shows healthy, but slightly slower growth News Aggregation Team Wednesday, August 07, 2019 1:00 am http://mebankers.net/article/30052/islamic-finance-industry-shows-healthy-but-slightly-slower-growth Notwithstanding, the growth rate of 6.9% over the first half of 2017 was slower compared to the 8.5%-growth rate recorded between 2016 and 2017, which saw the total worth of the industry grow from $1.89tn to more than $2tn for the first time. Islamic Finance Institutionals help Qatar shares extend winning run News Aggregation Team Wednesday, August 21, 2019 1:00 am http://mebankers.net/article/30257/institutionals-help-qatar-shares-extend-winning-run Islamic equities were seen gaining slower than the other indices in the market, where Gulf and non-Qatari individuals continued to be net buyers but with lesser intensity. Research, Comment and Analysis Fitch affirms Ras Al Khaimah at 'A'; outlook stable News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30233/fitch-affirms-ras-al-khaimah-at-amp039aamp039-outlook-stable The ratings are supported by the benefits of RAK's membership of the UAE, a low and declining government debt burden and high GDP per capita. Research, Comment and Analysis Gulf markets mixed but Saudi outperforms on banks News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30237/gulf-markets-mixed-but-saudi-outperforms-on-banks Qatar's index closed 0.2% up extending gains in the previous session when it ended a three-day losing streak. Research, Comment and Analysis Bahrain takes "mega strides" in sustainable development News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30241/bahrain-takes-ampquotmega-stridesampquot-in-sustainable-development Royal Highnesses cited features of economic competitiveness and flexibility to confront challenges. Research, Comment and Analysis Arabian Gulf debt issuance hits new record in second quarter News Aggregation Team Tuesday, August 20, 2019 1:00 am http://mebankers.net/article/30240/arabian-gulf-debt-issuance-hits-new-record-in-second-quarter Governments and corporations issue $40 billion worth of debt in the three months to June 30 Research, Comment and Analysis Ithmaar Bank nurtures Bahraini future leaders in banking and finance through its summer internship programme Kris Borres Monday, August 19, 2019 1:00 am http://mebankers.net/article/30204/ithmaar-bank-nurtures-bahraini-future-leaders-in-banking-and-finance-through-its-summer-internship-programme The two-month programme includes an induction day that covers various training sessions Research, Comment and Analysis GCC IPO activity picks up pace in Q2: PwC News Aggregation Team Monday, August 19, 2019 1:00 am http://mebankers.net/article/30205/gcc-ipo-activity-picks-up-pace-in-q2-pwc Both the UAE’s promising pipeline and Tadawul stock exchange’s development offer some optimism for the GCC market. Research, Comment and Analysis Top UAE banks report strong profit growth in first half News Aggregation Team Sunday, August 18, 2019 1:00 am http://mebankers.net/article/30198/top-uae-banks-report-strong-profit-growth-in-first-half Rising provisioning needs expected to lower full-year bank profitability Research, Comment and Analysis Changes that have taken place inEgypt’s banking system News Aggregation Team Sunday, August 18, 2019 1:00 am http://mebankers.net/article/30199/changes-that-have-taken-place-inegyptamprsquos-banking-system Since then, he added, the banks have improved their performance, supported by a more attractive operating environment. Research, Comment and Analysis Dubai’s a city in constant reinvention mode News Aggregation Team Friday, August 16, 2019 1:00 am http://mebankers.net/article/30187/dubaiamprsquos-a-city-in-constant-reinvention-mode A liberalised residency regime will be felt both in neighbourhoods and the peoples’ mix Research, Comment and Analysis Shuaa reports Dh31.6m loss in second quarter News Aggregation Team Wednesday, August 14, 2019 1:00 am http://mebankers.net/article/30158/shuaa-reports-dh316m-loss-in-second-quarter Investment bank's profit dented by higher merger costs and impairments on legacy investments Investment Bank Doha Bank wins 2 awards at ‘Asian Banking and Finance Awards 2019’ News Aggregation Team Sunday, August 04, 2019 1:00 am http://mebankers.net/article/30005/doha-bank-wins-2-awards-at-amplsquoasian-banking-and-finance-awards-2019amprsquo Doha Bank Singapore chief representative officer Ivan Lew received the two awards during a ceremony held recently by the Asian Banking and Finance (ABF) Awards at the Shangri-La Hotel, Singapore. Investment Bank SICO reports BD 2.9 million net profit in the first half of 2019. Mitzi Limlengco Sunday, August 04, 2019 1:00 am http://mebankers.net/article/30007/sico-reports-bd-29-million-net-profit-in-the-first-half-of-2019 Net operating income grew 26% to BD 7.6 million in the first half of 2019 compared to the BD 6.0 million achieved in the corresponding period last year Investment Bank EIB to halt Turkey government-linked lending till year-end News Aggregation Team Wednesday, July 24, 2019 1:00 am http://mebankers.net/article/29875/eib-to-halt-turkey-government-linked-lending-till-year-end The EIB, which is Turkey’s biggest single lender, has spent between 0.4 billion euros ($446 million) and 2.2 billion euros ($2.45 billion) a year in the country over the last three years, while nothing has been invested so far in 2019. Investment Bank EFG Hermes plans to list four firms in Egypt in 2019 News Aggregation Team Monday, July 22, 2019 1:00 am http://mebankers.net/article/29817/efg-hermes-plans-to-list-four-firms-in-egypt-in-2019 Investment bank reported a strong set of results in the first quarter of the year Investment Bank Goldman Sachs says Lebanon’s Eurobonds undervalued News Aggregation Team Thursday, July 18, 2019 1:00 am http://mebankers.net/article/29769/goldman-sachs-says-lebanonamprsquos-eurobonds-undervalued This positive assessment could reflect positively on the performance of Lebanon’s Eurobonds in the international markets. Investment Bank Pharos Investment Banking acts as the exclusive sell-side advisor to the shareholders of Spinneys Egypt Kris Borres Tuesday, July 16, 2019 1:00 am http://mebankers.net/article/29728/pharos-investment-banking-acts-as-the-exclusive-sell-side-advisor-to-the-shareholders-of-spinneys-egypt Pharos acted as the exclusive sell-side advisor to the selling shareholders of Spinneys Egypt Investment Bank HSBC grabs bigger piece of investment banking fees in Mena News Aggregation Team Tuesday, July 16, 2019 1:00 am http://mebankers.net/article/29729/hsbc-grabs-bigger-piece-of-investment-banking-fees-in-mena The region’s equity capital markets fees decreased a significant 64.8 percent to $24m, a 10-year low. Investment Bank Global concludes majority exit from JTC Michael Pilgrim Sunday, July 14, 2019 1:00 am http://mebankers.net/article/29702/global-concludes-majority-exit-from-jtc JTC, which celebrates its 40th year of operations in 2019, has significantly expanded its capabilities in all its business segments in recent years. Investment Bank Shuaa shareholders approve ADFG tie-up Michael Pilgrim Sunday, July 14, 2019 1:00 am http://mebankers.net/article/29703/shuaa-shareholders-approve-adfg-tie-up Shareholders gave green light on Thursday for deal which creates enlarged group with 380 employees Investment Bank