Managers of Wealth - Middle East http://mebankers.net/ Mon, 01 Mar 2021 17:06:35 GMT part of MediaG8way Group http://mebankers.net/ http://mebankers.net/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP Bruno Wehbe leads Booz Allen's MENA real estate practice News Aggregation Team Monday, March 01, 2021 12:00 am http://mebankers.net/article/38159/bruno-wehbe-leads-booz-allenamp039s-mena-real-estate-practice Booz Allen Hamilton is one of the region’s leading management consultancies. On the Move Broadridge appoints Head of International Partnerships and Alliances News Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38123/broadridge-appoints-head-of-international-partnerships-and-alliances In this new role Hoffman will focus on creating and further developing relationships with firms across the financial services spectrum On the Move Roland Berger promotes 35 consultants in the Middle East News Aggregation Team Wednesday, February 24, 2021 12:00 am http://mebankers.net/article/38087/roland-berger-promotes-35-consultants-in-the-middle-east With 2,400 consultants and staff working from 50+ offices in 35 countries, Roland Berger is one of the world’s ten largest strategy consulting firms, priding itself on being the largest of European origin. On the Move Jamal Al Barrak named as Vice Chairman of the Gulf Bond and Sukuk Association News Team Tuesday, February 23, 2021 12:00 am http://mebankers.net/article/38057/jamal-al-barrak-named-as-vice-chairman-of-the-gulf-bond-and-sukuk-association Recognized for his visionary leadership in corporate finance and investment banking On the Move HSBC appoints new CEO for the Middle East region News Aggregation Team Tuesday, February 23, 2021 12:00 am http://mebankers.net/article/38060/hsbc-appoints-new-ceo-for-the-middle-east-region He will report directly to Group CEO On the Move Indosuez Wealth Management appoints Global Head News Team Monday, February 22, 2021 12:00 am http://mebankers.net/article/38047/indosuez-wealth-management-appoints-global-head Based in Dubai, Fouad will report within CA Indosuez (Switzerland) SA to Isabelle Jacob-Nebout, Head of Wealth Management. On the Move Oliver Wyman names Adonis Chami leader of its Dubai office News Aggregation Team Monday, February 22, 2021 12:00 am http://mebankers.net/article/38051/oliver-wyman-names-adonis-chami-leader-of-its-dubai-office He also has experience in the financial services industry, having worked with central banks, commercial banks and PSPs on mainly digital payments. On the Move Former Barclays director appointed Gulf Craft chief executive News Aggregation Team Friday, February 19, 2021 12:00 am http://mebankers.net/article/38021/former-barclays-director-appointed-gulf-craft-chief-executive Former private banking director at Barclays Talal Abdin Nasralla is to become chief executive of UAE superyacht yard Gulf Craft. On the Move Invesco looks at opportunities in Africa News Team Thursday, February 18, 2021 12:00 am http://mebankers.net/article/37996/invesco-looks-at-opportunities-in-africa Invesco appoints managing director, Africa On the Move Investcorp appoints Head of Gulf Institutions Relationships News Team Thursday, February 18, 2021 12:00 am http://mebankers.net/article/37997/investcorp-appoints-head-of-gulf-institutions-relationships Loai joined Investcorp in 2010 and has held various senior roles within the Firm across both the Institutional and Private Wealth coverage spectrum On the Move Dubai's DIFC Courts reports influx of businesses filing cases in 2020 News Aggregation Team Monday, March 01, 2021 12:00 am http://mebankers.net/article/38158/dubaiamp039s-difc-courts-reports-influx-of-businesses-filing-cases-in-2020 Total value of claims up 72% to $2.7mln Legal, Tax, Regulation & Compliance Bank customers urged to update documents on record News Aggregation Team Monday, March 01, 2021 12:00 am http://mebankers.net/article/38160/bank-customers-urged-to-update-documents-on-record Applicants may visit the Embassy during office hours, with no appointment needed, and request for a passport validity extension which will also be released on the same day. Legal, Tax, Regulation & Compliance UAE to train anti-money laundering professionals under new programmes News Aggregation Team Sunday, February 28, 2021 12:00 am http://mebankers.net/article/38149/uae-to-train-anti-money-laundering-professionals-under-new-programmes Under the programme, 140 professionals in federal and local authorities will be trained Legal, Tax, Regulation & Compliance UAE Central Bank imposes Dh600,000 penalty on individual linked to exchange house News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38127/uae-central-bank-imposes-dh600000-penalty-on-individual-linked-to-exchange-house Individual banned from any future functions at licensed financial institutions Legal, Tax, Regulation & Compliance Israel: Characterization of recharges for provision of stock-based compensation clarified News Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38133/israel-characterization-of-recharges-for-provision-of-stock-based-compensation-clarified In the circular, the ITA identifies the conditions under which a payment will be characterized as a repayment rather than as a dividend (or a reduction in equity). Legal, Tax, Regulation & Compliance UAE focuses on consumer protection with new laws News Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38134/uae-focuses-on-consumer-protection-with-new-laws The law requires all businesses to provide an aftercare service and repair or replace a product if a defect occurs. Legal, Tax, Regulation & Compliance The changing role of in-house legal in the Middle East News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38135/the-changing-role-of-in-house-legal-in-the-middle-east Recognising how the role has changed and what can be done to ease the strain on in-house legal staff will be vital for businesses, to ensure that the team can continue to perform successfully for the whole company. Legal, Tax, Regulation & Compliance UAE Executive Office to combat money laundering, terrorism funding News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38140/uae-executive-office-to-combat-money-laundering-terrorism-funding Specialised court in Abu Dhabi to look into money laundering, terror financing cases Legal, Tax, Regulation & Compliance UAE Central Bank imposes Dh600,000 penalty on individual linked to exchange house News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38141/uae-central-bank-imposes-dh600000-penalty-on-individual-linked-to-exchange-house Individual banned from any future functions at licensed financial institutions Legal, Tax, Regulation & Compliance Oman SME registrations surge 14.4% in 12 months News Aggregation Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38112/oman-sme-registrations-surge-144-in-12-months The number of SMEs registered in the Governorate of Al-Wusta stood at 652 and the Governorate of Musandam 185, which was the lowest among governorates registered in January 2021. Legal, Tax, Regulation & Compliance SABB reports resilient Q4 results, net income up by 7% News Aggregation Team Sunday, February 28, 2021 12:00 am http://mebankers.net/article/38142/sabb-reports-resilient-q4-results-net-income-up-by-7 The fourth quarter of 2020 saw an acceleration in the integration of SABB and Alawwal Bank, with full integration expected by the end of the first quarter of 2021. Retail Banking ADCB inks agreement to buy 1,000 mortgages from Abu Dhabi Finance News Aggregation Team Sunday, February 28, 2021 12:00 am http://mebankers.net/article/38144/adcb-inks-agreement-to-buy-1000-mortgages-from-abu-dhabi-finance The assets have a gross book value of about Dh1.13 billion as of January 31, 2021 Retail Banking Mashreq recognized as market leader for its best in class transactional banking services in the Middle East by Euromoney News Team Sunday, February 28, 2021 12:00 am http://mebankers.net/article/38145/mashreq-recognized-as-market-leader-for-its-best-in-class-transactional-banking-services-in-the-middle-east-by-euromoney Recognized as 'Market Leader' in the UAE and the Middle East region in the Euromoney Trade Finance Survey 2021 Retail Banking Saudi's Riyad Bank announces $399mln cash dividend News Aggregation Team Sunday, February 28, 2021 12:00 am http://mebankers.net/article/38148/saudiamp039s-riyad-bank-announces-399mln-cash-dividend Board recommends payout despite 12% net profit decline Retail Banking Total net income of Al Baraka banking group reaches US$166 million in 2020 News Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38124/total-net-income-of-al-baraka-banking-group-reaches-us166-million-in-2020 With Total Assets exceeding US$28 billion Retail Banking Commercial banks' total assets jump 8.55% year-on-year to QR1.69tn in January: QCB News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38128/commercial-banksamp039-total-assets-jump-855-year-on-year-to-qr169tn-in-january-qcb Total domestic assets were seen expanding 10.17%; while foreign assets were down 0.8% year-on-year in January 2021. Retail Banking Saudi's Samba-NCB new entity to finance development projects: Chairman News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38136/saudiamp039s-samba-ncb-new-entity-to-finance-development-projects-chairman $213mln a year budget is attributed to cut in cost of technology systems for the two banks Retail Banking QFB’s performance improved in 2020: Chairman News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38138/qfbamprsquos-performance-improved-in-2020-chairman In addition to a sustainable fee income stream, a drop in funding costs along with a better-managed deposits book helped improve the bank’s balance sheet and overall liquidity position. Retail Banking Bank ABC Islamic announces 2020 year-end net profit to US$28.6 million News Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38104/bank-abc-islamic-announces-2020-year-end-net-profit-to-us286-million The Bank remained resilient during the year and responded well to the pandemic across all fronts Retail Banking Banque BEMO launches a deposit protection program News Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38107/banque-bemo-launches-a-deposit-protection-program The program will be effective first, for the clients holding their accounts at Banque BEMO in Cyprus, and who transfer their deposits to the Bank in Lebanon Retail Banking Saudi's Al Rajhi Bank board recommends $667mln dividend News Aggregation Team Monday, March 01, 2021 12:00 am http://mebankers.net/article/38155/saudiamp039s-al-rajhi-bank-board-recommends-667mln-dividend The bank announced the dividend of SAR 1 per share Alternative Investments UAE shoppers make good use of weekend gold price drop to below Dh200 a gram News Aggregation Team Monday, March 01, 2021 12:00 am http://mebankers.net/article/38156/uae-shoppers-make-good-use-of-weekend-gold-price-drop-to-below-dh200-a-gram Jewellery retailers record strong shopper traffic on last two days of February Alternative Investments Dubai on track to become leading sustainable financial hub News Team Monday, March 01, 2021 12:00 am http://mebankers.net/article/38157/dubai-on-track-to-become-leading-sustainable-financial-hub The various initiatives of the Working Group as well as the individual measures from the founding members are aligned with Dubai’s sustainability drive. Alternative Investments GFH acquires mission-critical Chicago distribution center News Aggregation Team Sunday, February 28, 2021 12:00 am http://mebankers.net/article/38143/gfh-acquires-mission-critical-chicago-distribution-center The facility is distinguished by its strategic location in the geographic center of the US. Alternative Investments GCC sukuk issuance to moderate in 2021 with shrinking fiscal deficits News Aggregation Team Sunday, February 28, 2021 12:00 am http://mebankers.net/article/38146/gcc-sukuk-issuance-to-moderate-in-2021-with-shrinking-fiscal-deficits Refinancing needs will support long-term sovereign demand for sukuk funding Alternative Investments Saudi Industrial Services set to distribute 8% cash dividend News Aggregation Team Sunday, February 28, 2021 12:00 am http://mebankers.net/article/38150/saudi-industrial-services-set-to-distribute-8-cash-dividend Board recommends payout after firm posted 173% rise in net profit for 2020 Alternative Investments Housing & Development Bank logs profits of LE 2.06B in 2020 News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38122/housing-ampamp-development-bank-logs-profits-of-le-206b-in-2020 As for standalone profits, the bank achieved profits of LE 1.8 billion, compared to LE 1.95 billion during 2019. Alternative Investments Saudi Arabia’s euro bond 3 times oversubscribed News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38125/saudi-arabiaamprsquos-euro-bond-3-times-oversubscribed Saudi Arabia will issue a total of 1.5 billion euros in two tranches Alternative Investments Egypt’s foreign investments in government debt instruments amounted to $29bn News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38126/egyptamprsquos-foreign-investments-in-government-debt-instruments-amounted-to-29bn Egypt has one of the highest interest rates in the world, but in 2020 rates fell from 12.25 percent to 8.25 percent, making it more attractive for potential investors Alternative Investments Insurance sector helps Qatar shares cross 10,100 level News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38129/insurance-sector-helps-qatar-shares-cross-10100-level The transport, telecom, industrials and banking counters also witnessed higher than average demand in the bourse, whose capitalisation saw about QR9bn, or 1.5%, increase to QR587.89bn, mainly on account of large and midcap segments. Alternative Investments Private bank to close Dubai operation News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38132/private-bank-to-close-dubai-operation All clients with relationship managers in the UAE ‘will now be looked after by the London office’ Wealth & Asset Management UAE wealth firm unveils female-only adviser division News Aggregation Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38117/uae-wealth-firm-unveils-female-only-adviser-division Company hopes the unit will make ‘more women seek financial advice’ Wealth & Asset Management Billionaire Naguib Sawiris Joins Egypt’s Gold Rush News Aggregation Team Sunday, February 21, 2021 12:00 am http://mebankers.net/article/38033/billionaire-naguib-sawiris-joins-egyptamprsquos-gold-rush The deals, which will see AKH Gold invest about $4.1 million to search for gold in nine sectors in the Eastern Desert. Wealth & Asset Management Revealed: Arbuthnot shuts Dubai office as managing director exits News Aggregation Team Thursday, February 18, 2021 12:00 am http://mebankers.net/article/37992/revealed-arbuthnot-shuts-dubai-office-as-managing-director-exits Arbuthnot Latham will close its Dubai office at the end of May, less than a decade after launch. Wealth & Asset Management Dubai private wealth tops $517bn as UAE attracts rich with 'safe haven' status News Aggregation Team Thursday, February 18, 2021 12:00 am http://mebankers.net/article/38008/dubai-private-wealth-tops-517bn-as-uae-attracts-rich-with-amp039safe-havenamp039-status About 35,000 high net worth individuals are thought to have migrated to the UAE in the past 20 years - report Wealth & Asset Management Private jet operator looking to swoop into Middle East market News Aggregation Team Thursday, February 18, 2021 12:00 am http://mebankers.net/article/38009/private-jet-operator-looking-to-swoop-into-middle-east-market Boss of US-based Wheels Up says Middle East is 'an absolutely clear opportunity in front of us' Wealth & Asset Management QNB wins 7 'prestigious' awards in Euromoney Private Banking & Wealth Management Survey News Aggregation Team Monday, February 15, 2021 12:00 am http://mebankers.net/article/37939/qnb-wins-7-amp039prestigiousamp039-awards-in-euromoney-private-banking-ampamp-wealth-management-survey These awards also reflect the Group's innovation and outstanding performance in the private banking sector, with a focus on developing innovative financial solutions along with mobile and internet banking channels. Wealth & Asset Management UAE's Mashreq bank to focus on digital investments News Aggregation Team Thursday, February 11, 2021 12:00 am http://mebankers.net/article/37905/uaeamp039s-mashreq-bank-to-focus-on-digital-investments 84 percent of retail clients were onboarded digitally and corporate payments shifted to 100 per cent digital in 2020 Wealth & Asset Management UAE foundations: so much more than succession planning News Aggregation Team Wednesday, February 10, 2021 12:00 am http://mebankers.net/article/37888/uae-foundations-so-much-more-than-succession-planning Often seen as a vehicle reserved for succession planning, Managing Director of our UAE office, Nina Auchoybur highlights the utility of UAE foundations. Wealth & Asset Management Crédit Agricole rolls out Egypt’s 1st environment-friendly contactless payment cards News Aggregation Team Monday, February 08, 2021 12:00 am http://mebankers.net/article/37829/crampeacutedit-agricole-rolls-out-egyptamprsquos-1st-environment-friendly-contactless-payment-cards New polylactic acid cards from G+D are certified as environment-friendly by international bodies Wealth & Asset Management KPMG: 98% of Saudi CEOs set to invest in cloud technology in 2021 News Aggregation Team Monday, March 01, 2021 12:00 am http://mebankers.net/article/38152/kpmg-98-of-saudi-ceos-set-to-invest-in-cloud-technology-in-2021 SAP found that while 83 percent of respondents said data sharing improved their innovation in current goods or services, only 22 percent did this with partners. FinTech 81% of business leaders believe COVID has increased the need for improved security of finances News Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38102/81-of-business-leaders-believe-covid-has-increased-the-need-for-improved-security-of-finances Over one-third (35%) of those who saw a need for improved security also singled out securing data as one of their biggest financial technology priorities post-pandemic FinTech The 10th annual Middle East Banking Innovation Summit returns next week News Aggregation Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38113/the-10th-annual-middle-east-banking-innovation-summit-returns-next-week The programme agenda will cover a range of areas including customer acquisition, best data management practices for innovation, transforming banking touchpoints to revitalise corporate and retail experiences, the role of the CIO in today’s ever-chan FinTech Finablr owners set for merger with Bahrain payments firm News Aggregation Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38114/finablr-owners-set-for-merger-with-bahrain-payments-firm The deal will be subject to regulatory approval in India, Bahrain and Kuwait. FinTech UAE BaaS provider NymCard launches fully public APIs for MENA News Aggregation Team Wednesday, February 24, 2021 12:00 am http://mebankers.net/article/38090/uae-baas-provider-nymcard-launches-fully-public-apis-for-mena Said to be built from the ground up, the objective of NymCard is to simplify the complex world of payments by bridging the gap between old legacy systems and modern cloud-native API first platforms. FinTech Israel Discount Bank selects Wolters Kluwer’s compliant e-forms package News Aggregation Team Tuesday, February 23, 2021 12:00 am http://mebankers.net/article/38055/israel-discount-bank-selects-wolters-kluweramprsquos-compliant-e-forms-package The Wolters Kluwer DEMx offering allows financial organizations to streamline their documentation processes, help ensure compliance with all regulatory requirements, maximize internal resources, and reduce turnaround times. FinTech Putting customers at the heart of digital change News Aggregation Team Tuesday, February 23, 2021 12:00 am http://mebankers.net/article/38067/putting-customers-at-the-heart-of-digital-change Mashreq Bank may be the oldest privately owned bank in the UAE, but it has always been a leader in the pioneering use of technology to improve the customer experience FinTech National Bank of Bahrain Partners with Backbase to Launch New Digital Banking Platform News Aggregation Team Tuesday, February 23, 2021 12:00 am http://mebankers.net/article/38064/national-bank-of-bahrain-partners-with-backbase-to-launch-new-digital-banking-platform Bahrain’s local bank National Bank of Bahrain (NBB) announced the launch of its new digital banking platform, built in partnership with banking technology provider Backbase, to support with their digital transformation journey FinTech Saudi-based fintech Tweeq signs partnership deals with Mastercard and Paymentology News Team Tuesday, February 23, 2021 12:00 am http://mebankers.net/article/38068/saudi-based-fintech-tweeq-signs-partnership-deals-with-mastercard-and-paymentology The partnership with Mastercard and Paymentology are in line with Vision 2030 which aims to develop the FinTech environment and provide financial inclusion for all sections of society. FinTech Korean cloud consultancy Bespin Global lands in Abu Dhabi News Aggregation Team Tuesday, February 23, 2021 12:00 am http://mebankers.net/article/38073/korean-cloud-consultancy-bespin-global-lands-in-abu-dhabi Now, Abu Dhabi will take over as the MEA headquarters – home to a new, larger office and two new innovation centres. FinTech KFH Bahrain receives STP Award from J.P. Morgan News Team Monday, March 01, 2021 12:00 am http://mebankers.net/article/38153/kfh-bahrain-receives-stp-award-from-jp-morgan The bank has achieved excellent performance and successfully implemented fully automated processes for money transfers Islamic Finance Islamic financing growth to outpace conventional lending in GCC, core Islamic markets in 2021 News Aggregation Team Sunday, February 28, 2021 12:00 am http://mebankers.net/article/38147/islamic-financing-growth-to-outpace-conventional-lending-in-gcc-core-islamic-markets-in-2021 Bank mergers and consumer demand support Islamic financing assets growth in GCC Islamic Finance Qatar Islamic Insurance Group, SAP Sign Digital Transformation Partnership News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38131/qatar-islamic-insurance-group-sap-sign-digital-transformation-partnership The formal contract for a period of three years was signed by QIIG Group President and CEO, Ali Ibrahim Al Abdulghani and Khalid Mannai, Vice Chairman, Executive Committee of Mannai Corporation. Islamic Finance Sohar Islamic completes issuance of Takaful Oman's perpetual sukuk News Aggregation Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38111/sohar-islamic-completes-issuance-of-takaful-omanamp039s-perpetual-sukuk As the issue managers and financial adviser, Sohar Islamic played a pivotal role in ensuring the successful issuance and completion of the entire activity. Islamic Finance Islamic finance to continue rising in 2021: Moody's News Aggregation Team Wednesday, February 24, 2021 12:00 am http://mebankers.net/article/38083/islamic-finance-to-continue-rising-in-2021-moodyamp039s Supportive government policies to drive growth in Islamic banking, sukuk, takaful Islamic Finance Al Baraka Islamic bank announces financial results for the year ended 31 December 2020 News Team Tuesday, February 23, 2021 12:00 am http://mebankers.net/article/38058/al-baraka-islamic-bank-announces-financial-results-for-the-year-ended-31-december-2020 Simultaneously, the Bank incorporated provisions against identified and expected losses, aligned with our approved policies, and added BD 8 million (2019: BD 6.55 million) as allowance for impairment during the financial year 2020 Islamic Finance HSBC completes its Islamic trade facility in MENAT with QIB News Aggregation Team Friday, February 19, 2021 12:00 am http://mebankers.net/article/38016/hsbc-completes-its-islamic-trade-facility-in-menat-with-qib This transaction signals a strong start to the year.” Islamic Finance Dubai Islamic Bank’s net profit drops 38% in 2020 due to increased provisions News Aggregation Team Wednesday, February 17, 2021 12:00 am http://mebankers.net/article/37984/dubai-islamic-bankamprsquos-net-profit-drops-38-in-2020-due-to-increased-provisions Total revenues were AED13.14 billion, compared to AED13.68 billion over the same period the previous year, according to figures. Islamic Finance Signing of an Agency Agreement between Islamic Corporation for the Development of the Private Sector and Islamic Development Bank News Team Tuesday, February 16, 2021 12:00 am http://mebankers.net/article/37952/signing-of-an-agency-agreement-between-islamic-corporation-for-the-development-of-the-private-sector-and-islamic-development-bank ICD is offering its expertise in implementation of R2 “Restore Program” COVID-19 Support in the area of Line of Finance transactions Islamic Finance HSBC completes first Islamic trade facility in Menat at $100m with QIB News Aggregation Team Monday, February 15, 2021 12:00 am http://mebankers.net/article/37944/hsbc-completes-first-islamic-trade-facility-in-menat-at-100m-with-qib The fact that this transaction was first completed in Qatar demonstrates that the country has a number of market leading internationally recognised Islamic financial institutions Islamic Finance Deloitte report reveals how organizations can better prepare for future disruption; Climate change top concern among business leaders News Team Monday, March 01, 2021 12:00 am http://mebankers.net/article/38154/deloitte-report-reveals-how-organizations-can-better-prepare-for-future-disruption-climate-change-top-concern-among-business-leaders Most global CXOs believe the disruption seen in 2020 isn't a one-off, and disruptions of similar scale - including those related to the climate crisis -could come with regularity Research, Comment and Analysis UAE's zero-tolerance on money laundering is netting results News Aggregation Team Friday, February 26, 2021 12:00 am http://mebankers.net/article/38139/uaeamp039s-zero-tolerance-on-money-laundering-is-netting-results In recent weeks, penalties have been imposed on multiple entities, individuals Research, Comment and Analysis 95% of UAE female leaders say more to be done about gender diversity at the top News Aggregation Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38103/95-of-uae-female-leaders-say-more-to-be-done-about-gender-diversity-at-the-top But they're more optimistic about recent changes than their global peers Research, Comment and Analysis Qatar witnesses uptick in Merger & Acquisition activity in 2020 News Aggregation Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38109/qatar-witnesses-uptick-in-merger-ampamp-acquisition-activity-in-2020 Focus on value preservation: Consolidation of operations and divestment of non-core assets, in line with the global emphasis on repairing and reconfiguring businesses. Research, Comment and Analysis GCC reforms remain on track despite pandemic, economists say News Aggregation Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38115/gcc-reforms-remain-on-track-despite-pandemic-economists-say The number of cases began to fall, and lockdowns were eased, which supported the economic recovery in the second half of the year. Research, Comment and Analysis Who’s Who: Tareq Al-Sadhan, CEO of Riyad Bank News Aggregation Team Thursday, February 25, 2021 12:00 am http://mebankers.net/article/38121/whoamprsquos-who-tareq-al-sadhan-ceo-of-riyad-bank Al-Sadhan holds a bachelor’s degree in administration science from King Saud University, majoring in accounting (1997) Research, Comment and Analysis Middle East's M&A market bucks global trend to grow by 6% News Aggregation Team Wednesday, February 24, 2021 12:00 am http://mebankers.net/article/38089/middle-eastamp039s-mampampa-market-bucks-global-trend-to-grow-by-6 Several factors fuelled the recovery – most notably public sector spending, business resilience, growing comfort levels with virtual deal making, and an imminent vaccine rollout. Research, Comment and Analysis In the Middle East region 31% of UHNWIs are planning on purchasing a property in 2021 News Team Wednesday, February 24, 2021 12:00 am http://mebankers.net/article/38091/in-the-middle-east-region-31-of-uhnwis-are-planning-on-purchasing-a-property-in-2021 26% of global UHNWIs are planning to buy a new home in 2021 Research, Comment and Analysis The future of family offices as a Middle East investment powerhouse News Aggregation Team Wednesday, February 24, 2021 12:00 am http://mebankers.net/article/38093/the-future-of-family-offices-as-a-middle-east-investment-powerhouse Family offices certainly play a significant part in the development of the Middle East’s economy Research, Comment and Analysis Beyond the pandemic: Investment trends in the next decade News Aggregation Team Wednesday, February 24, 2021 12:00 am http://mebankers.net/article/38094/beyond-the-pandemic-investment-trends-in-the-next-decade Yves Bonzon, Group Chief Investment Officer at Julius Baer, looks into the future trends Research, Comment and Analysis Japan’s MUFG predicts 2021 economic recovery for Saudi Arabia News Aggregation Team Tuesday, February 23, 2021 12:00 am http://mebankers.net/article/38072/japanamprsquos-mufg-predicts-2021-economic-recovery-for-saudi-arabia MUFG opened a branch in the Saudi capital in October 2018 Investment Bank ENBD Capital logs record debt capital transactions News Aggregation Team Tuesday, February 23, 2021 12:00 am http://mebankers.net/article/38076/enbd-capital-logs-record-debt-capital-transactions Environmental, Social and Governance (ESG) issuances are gaining in prominence and the Debt Capital team at Emirates NBD Investment Bank EBRD provides US$ 100 million loan to Turkey’s Denizbank News Team Friday, February 19, 2021 12:00 am http://mebankers.net/article/38019/ebrd-provides-us-100-million-loan-to-turkeyamprsquos-denizbank The EBRD’s new investment follows a record €893 million in financing to Turkish financial institutions in 2020 to support thousands of businesses across the country, providing the private sector with much-needed funds. Investment Bank Emirates Investment Bank turns to losses in 2020 News Aggregation Team Wednesday, February 17, 2021 12:00 am http://mebankers.net/article/37976/emirates-investment-bank-turns-to-losses-in-2020 The bank's revenues plunged Investment Bank Bahrain's GFH Financial set to acquire more properties in UK, Europe this year News Team Tuesday, February 16, 2021 12:00 am http://mebankers.net/article/37967/bahrainamp039s-gfh-financial-set-to-acquire-more-properties-in-uk-europe-this-year Firm made new investments worth over $208mln last year Investment Bank Egypt's state National Investment Bank slashes yields on certificates News Aggregation Team Monday, February 01, 2021 12:00 am http://mebankers.net/article/37738/egyptamp039s-state-national-investment-bank-slashes-yields-on-certificates Yields on certificates with a maturity of one year were now 6%, Investment Bank MENA M&A transactions reach $70.3 bn in 2020 News Aggregation Team Friday, January 22, 2021 12:00 am http://mebankers.net/article/37602/mena-mampampa-transactions-reach-703-bn-in-2020 Refinitiv released the Middle East and North Africa investment banking analysis for 2020. Investment Bank HSBC launches Sustainable and Transition Finance team in Middle East News Aggregation Team Wednesday, January 20, 2021 12:00 am http://mebankers.net/article/37572/hsbc-launches-sustainable-and-transition-finance-team-in-middle-east With a presence in all of HSBC’s markets across MENAT, the Team will work with all of HSBC’s bankers to provide advice, expertise and financing solutions to customers across all sectors and segments – no matter what stage of the sustaina Investment Bank EBRD provides US$ 58 million loan to Turk Ekonomi Bankasi News Team Monday, January 18, 2021 12:00 am http://mebankers.net/article/37515/ebrd-provides-us-58-million-loan-to-turk-ekonomi-bankasi The new loans follows €1.7 billion of investment provided by the EBRD for the Turkish economy in 2020 Investment Bank Saudi Arabia generates $382.9m in investment banking fees News Aggregation Team Friday, January 15, 2021 12:00 am http://mebankers.net/article/37496/saudi-arabia-generates-3829m-in-investment-banking-fees Total fees across region fall 12% to $1.2bn amid pandemic slowdown Investment Bank DHA announces reducing quarantine period for certain COVID-19 and close contact cases News Aggregation Team Wednesday, January 06, 2021 12:00 am http://mebankers.net/article/37351/dha-announces-reducing-quarantine-period-for-certain-covid-19-and-close-contact-cases As for patients who are hospitalised due to developing moderate, severe or critical COVID-19 symptoms, they can only be discharged when they have tested negative in a PCR test two consecutive times that are 24 hours (or more) apart. Covid-19 Pandemic speeds up UAE’s transition to cashless ecosystem News Aggregation Team Wednesday, December 30, 2020 12:00 am http://mebankers.net/article/37280/pandemic-speeds-up-uaeamprsquos-transition-to-cashless-ecosystem UAE residents also are among the top 10 globally when it comes to spending time on the internet and social media, averaging seven hours and 54 minutes daily Covid-19 Ten Ways Covid-19 Has Changed the World Economy Forever News Aggregation Team Wednesday, December 30, 2020 12:00 am http://mebankers.net/article/37288/ten-ways-covid-19-has-changed-the-world-economy-forever Big government staged a comeback as the social contract between society and the state got rewritten on the fly. Covid-19 COVID-19 sees 36,447 new online stores launched in Saudi Arabia News Aggregation Team Thursday, December 17, 2020 12:00 am http://mebankers.net/article/37132/covid-19-sees-36447-new-online-stores-launched-in-saudi-arabia As the economy moved online, there was a 171% surge in digital businesses and opportunities Covid-19 Economic outlook improves; UAE, Bahrain to get a boost from COVID-19 vaccine rollout News Aggregation Team Wednesday, December 16, 2020 12:00 am http://mebankers.net/article/37112/economic-outlook-improves-uae-bahrain-to-get-a-boost-from-covid-19-vaccine-rollout But regional economies won't return to pre-crisis levels until second half of 2021: report Covid-19 Eight ways how Covid-19 is impacting the future of mobility News Aggregation Team Tuesday, December 15, 2020 12:00 am http://mebankers.net/article/37098/eight-ways-how-covid-19-is-impacting-the-future-of-mobility The rise of personal mobility will be accelerated by Covid-19 for users using their own assets. For sharing solutions, there will be a temporary deceleration. Covid-19 Qatar Sunday reports 167 new cases Covid-19, one death and 182 recoveries News Aggregation Team Monday, November 23, 2020 12:00 am http://mebankers.net/article/36769/qatar-sunday-reports-167-new-cases-covid-19-one-death-and-182-recoveries Qatar's proactive and extensive testing of suspected cases has enabled the authorities to identify a high number of positive cases in the community. Covid-19 Sustainable innovation and human happiness to drive post-COVID growth in Middle East cities News Team Monday, November 02, 2020 12:00 am http://mebankers.net/article/36457/sustainable-innovation-and-human-happiness-to-drive-post-covid-growth-in-middle-east-cities Published on UN World Cities Day, the HSBC City Reports on Abu Dhabi, Cairo, Dubai, Istanbul and Riyadh stress the need for city and business leaders to use the COVID-19 pandemic as a catalyst for more diversified, more digitised, cleaner and greener citi Covid-19 Abu Dhabi and Dubai are on a rapid growth trajectory: HSBC News Aggregation Team Sunday, November 01, 2020 12:00 am http://mebankers.net/article/36453/abu-dhabi-and-dubai-are-on-a-rapid-growth-trajectory-hsbc Post COVID outlook is bright for key cities in Middle East, North Africa, and Turkey Covid-19 Despite Covid-19, why is M&A booming in these regions? News Aggregation Team Wednesday, October 28, 2020 12:00 am http://mebankers.net/article/36408/despite-covid-19-why-is-mampampa-booming-in-these-regions While the coronavirus pandemic has had a negative impact on many businesses throughout 2020, a recent rebound in mergers and acquisitions (M&A) has pointed towards a partial recovery in investor sentiment – as well as demonstrating that certain Covid-19