The Middle East Banking News Network http://mebankers.net/ Sat, 26 May 2018 20:52:42 BST part of MediaG8way Group http://mebankers.net/ http://mebankers.net/assets/images/logo.png The Middle East Banking News Network KohanaPHP Boodle Hatfield strengthens Private Client and Tax team with partner hire News Team Friday, May 25, 2018 1:00 am http://mebankers.net/article/25004/boodle-hatfield-strengthens-private-client-and-tax-team-with-partner-hire They have a strong track record of advising on issues from structuring and preserving wealth to advising on the residential and commercial real estate markets in the UK and the tax implications for overseas investors. On the Move Abacus appoints Graham Hughes from Globaleye News Aggregation Team Friday, May 25, 2018 1:00 am http://mebankers.net/article/25010/abacus-appoints-graham-hughes-from-globaleye Following a successful career as an engineer with Glaxo Smith Kline, Graham moved into the financial services industry, working for Equitable Life and HSBC in the UK. On the Move Saudi’s National Commercial Bank changes CEO News Aggregation Team Thursday, May 17, 2018 1:00 am http://mebankers.net/article/24934/saudiamprsquos-national-commercial-bank-changes-ceo The bank appointed Saeed al-Ghamdi as chief executive in 2013 On the Move UBS Head of European M&A Brizay Is Said to Join Bank of America News Aggregation Team Tuesday, May 15, 2018 1:00 am http://mebankers.net/article/24900/ubs-head-of-european-mampampa-brizay-is-said-to-join-bank-of-america Laurent Dhome, the Swiss lender’s managing director for financial sponsors in Europe, is also departing for Bank of America to advise private equity clients, they said. On the Move BNP Paribas hires new client solutions relationship manager News Aggregation Team Monday, May 14, 2018 1:00 am http://mebankers.net/article/24859/bnp-paribas-hires-new-client-solutions-relationship-manager Sami has more than 20 years industry experience. On the Move SHUAA Capital appoints CEO of Gulf Finance Saudi Arabia News Team Monday, May 14, 2018 1:00 am http://mebankers.net/article/24868/shuaa-capital-appoints-ceo-of-gulf-finance-saudi-arabia Appointment of Atif AlOthri as Chief Executive Officer of its fully owned Shari’ah compliant business financing arm Gulf Finance Saudi Arabia. On the Move Gulf Finance Saudi Arabia appoints new CEO News Aggregation Team Monday, May 14, 2018 1:00 am http://mebankers.net/article/24872/gulf-finance-saudi-arabia-appoints-new-ceo Atif Al Othri to head financing arm owned by Shuaa On the Move Schroders Middle East director to leave after 24 years News Aggregation Team Monday, May 14, 2018 1:00 am http://mebankers.net/article/24875/schroders-middle-east-director-to-leave-after-24-years Wells who is set to leave his post as a director, Middle East for Schroders said in his departing note to clients that he will be basing himself in the UK for the foreseeable future, On the Move Mashreq appoints Head of Mashreq Al Islami segment and UAE national segment News Team Monday, May 14, 2018 1:00 am http://mebankers.net/article/24878/mashreq-appoints-head-of-mashreq-al-islami-segment-and-uae-national-segment Ibrahim Al Mheiri new Head of Mashreq Al Islami Retail Segment and UAE National Segment. On the Move Bahrain Development Bank appoints its new CEO, can you guess who is it? News Aggregation Team Sunday, May 13, 2018 1:00 am http://mebankers.net/article/24862/bahrain-development-bank-appoints-its-new-ceo-can-you-guess-who-is-it Sanjeev also has a notable experience in corporate finance, SME financing, credit risk management, commercial finance and banking product management. On the Move VG and Ward Yates act in MEA deal News Aggregation Team Friday, May 25, 2018 1:00 am http://mebankers.net/article/25001/vg-and-ward-yates-act-in-mea-deal Arqaam Capital acted as the lead arranger and book runner, while BNY Mellon acted as the delegate and Minhaj Advisory acted as the Shariah adviser. Legal, Tax, Regulation & Compliance Jersey Finance Hosts an Educational Finance Event Exclusively for Women in Saudi Arabia as More Women Look to Take Control of their Financial Affairs News Team Friday, May 25, 2018 1:00 am http://mebankers.net/article/25003/jersey-finance-hosts-an-educational-finance-event-exclusively-for-women-in-saudi-arabia-as-more-women-look-to-take-control-of-their-financial-affairs The event was organized in response to the increasing appetite for knowledge by the female Saudi attendees of Jersey Finance’s previous events in the country, and with the ever-growing number of female Jersey practitioners who visit and assist clien Legal, Tax, Regulation & Compliance UAE foreign ownership law more limited than you think News Aggregation Team Friday, May 25, 2018 1:00 am http://mebankers.net/article/25006/uae-foreign-ownership-law-more-limited-than-you-think Foreigners can fully own a company if it’s located in a free zone. Legal, Tax, Regulation & Compliance KPMG said to review its audits of Middle East PE firm Abraaj News Aggregation Team Friday, May 25, 2018 1:00 am http://mebankers.net/article/25009/kpmg-said-to-review-its-audits-of-middle-east-pe-firm-abraaj The accounting firm’s U.K. branch is looking into its examination of Abraaj and its related companies for any potential irregularities in the valuation of assets by KPMG’s Middle East division, the people said Legal, Tax, Regulation & Compliance Andersen Global’s Middle East Expansion Continues with Solutions Bridge in Kuwait News Team Friday, May 25, 2018 1:00 am http://mebankers.net/article/25011/andersen-globalamprsquos-middle-east-expansion-continues-with-solutions-bridge-in-kuwait The addition of a location in Kuwait demonstrates Andersen Global’s growth in the Middle East, which is a significant market for the organization. Legal, Tax, Regulation & Compliance Cost of insuring Bahrain debt jumps as deficit jitters increase News Aggregation Team Thursday, May 24, 2018 1:00 am http://mebankers.net/article/24988/cost-of-insuring-bahrain-debt-jumps-as-deficit-jitters-increase Their previous peak of 405 bps was reached in February 2016, when oil prices below $35 a barrel threatened Gulf economies. Legal, Tax, Regulation & Compliance UAE Central Bank publishes 2017 financial stability report News Aggregation Team Thursday, May 24, 2018 1:00 am http://mebankers.net/article/24992/uae-central-bank-publishes-2017-financial-stability-report The Central Bank of the UAE have published the 2017 Financial Stability Report. Legal, Tax, Regulation & Compliance Seizing the GDPR Advantage: From mandate to high-value opportunity News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24978/seizing-the-gdpr-advantage-from-mandate-to-high-value-opportunity Look beyond the compliance side of the GDPR Legal, Tax, Regulation & Compliance Liberalisation of foreign ownership rules in the UAE – opportunities for the insurance sector' News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24994/liberalisation-of-foreign-ownership-rules-in-the-uae-ampndash-opportunities-for-the-insurance-sectoramp039 There are currently limited details available on the new investment law but based on earlier statements by the UAE Government, full foreign ownership of on-shore UAE companies will be limited to specific sectors, which are still to be approved by the UAE Legal, Tax, Regulation & Compliance UAE banks get go-ahead to share Winsome information with India News Aggregation Team Tuesday, May 22, 2018 1:00 am http://mebankers.net/article/24969/uae-banks-get-go-ahead-to-share-winsome-information-with-india Information of the movement of funds in and out of the bank accounts of Winsome Group firms, subsidiaries, and its clients in Dubai could help Central Bureau of Investigation establish the money trail. Legal, Tax, Regulation & Compliance Omani lenders seek to join merger wave in Middle East News Aggregation Team Friday, May 25, 2018 1:00 am http://mebankers.net/article/25007/omani-lenders-seek-to-join-merger-wave-in-middle-east The move comes amid consolidation among banks in the Gulf Cooperation Council to better compete in a crowded market. Retail Banking al khaliji launches first humanoid robot bank ambassadors News Aggregation Team Thursday, May 24, 2018 1:00 am http://mebankers.net/article/24989/al-khaliji-launches-first-humanoid-robot-bank-ambassadors With this launch, the bank aims to sensitise the community on the rapid advances in smart banking capabilities around us. Retail Banking Al Ahli Bank of Kuwait eyes greater share of GCC debt market deals News Aggregation Team Thursday, May 24, 2018 1:00 am http://mebankers.net/article/24991/al-ahli-bank-of-kuwait-eyes-greater-share-of-gcc-debt-market-deals Kuwaiti lender is building capacity at DIFC hub as it looks to roll out structured finance and advisory services for its clients Retail Banking Oman Arab Bank, Alizz Islamic explore merger News Aggregation Team Thursday, May 24, 2018 1:00 am http://mebankers.net/article/24993/oman-arab-bank-alizz-islamic-explore-merger Alizz, which has a market capitalization of $200 million, said its board has agreed to proceed and explore this opportunity with Oman Arab Bank, it said in a statement. Retail Banking Qatari Bank Closes Gap on Abu Dhabi Rival in Mideast Shuffle News Aggregation Team Thursday, May 24, 2018 1:00 am http://mebankers.net/article/24999/qatari-bank-closes-gap-on-abu-dhabi-rival-in-mideast-shuffle FAB traded at a premium to QNB since a merger in April 2017 Retail Banking Doha Bank enhances online security features News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24987/doha-bank-enhances-online-security-features Available 24/7 from anywhere in the world, the new and improved DBank Online portal’s intuitive interface makes Internet banking easy and user-friendly, while offering customers complete control over their banking activities from their desktop or mo Retail Banking Pakistan hires UAE banks to raise $200m loan News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24990/pakistan-hires-uae-banks-to-raise-200m-loan Pakistan needs to raise funds to offset a drop in international reserves Retail Banking Emirates NBD to buy majority stake in Turkey bank News Team Tuesday, May 22, 2018 1:00 am http://mebankers.net/article/24975/emirates-nbd-to-buy-majority-stake-in-turkey-bank In addition, Emirates NBD will pay interest on the consideration for the period between October 31, 2017 and the transaction closing date. Retail Banking Al Ahli Bank of Kuwait opens new branch in the DIFC News Team Sunday, May 20, 2018 1:00 am http://mebankers.net/article/24954/al-ahli-bank-of-kuwait-opens-new-branch-in-the-difc Tom Lind appointed Senior Executive Officer to lead ABK’s operations in DIFC Retail Banking Alinma named fastest growing bank for sixth time in 10 years News Aggregation Team Sunday, May 20, 2018 1:00 am http://mebankers.net/article/24958/alinma-named-fastest-growing-bank-for-sixth-time-in-10-years Alinma remains fully committed to providing our partners (customers) with only the most innovative, transparent, fully Shariah-compliant products and services with an almost single-minded focus on exemplary service standards,” said Al-Fares. Retail Banking UAE sovereign wealth fund Mubadala pays $271m for stake in Gazprom oil subsidiary News Aggregation Team Friday, May 25, 2018 1:00 am http://mebankers.net/article/25005/uae-sovereign-wealth-fund-mubadala-pays-271m-for-stake-in-gazprom-oil-subsidiary Abu Dhabi’s state-owned Mubadala Investment Company (MIC) has agreed to pay $271 million for a 44 percent stake Alternative Investments Intesa Sanpaolo and OurCrowd Launch International Alliance News Team Thursday, May 24, 2018 1:00 am http://mebankers.net/article/24995/intesa-sanpaolo-and-ourcrowd-launch-international-alliance Partnership with ISP’s Innovation Center will promote startup access to capital market Alternative Investments Abu Dhabi index sees sharpest 2018 rise after ENBD’s acquisition News Aggregation Team Thursday, May 24, 2018 1:00 am http://mebankers.net/article/25000/abu-dhabi-index-sees-sharpest-2018-rise-after-enbdamprsquos-acquisition The Abu Dhabi Securities Exchange general index closed 1.3 per cent higher to 4,585.57, after rising to a high of 4,607.70 Alternative Investments World Insurance Report 2018 News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24977/world-insurance-report-2018 The report suggests a framework for a digitally-integrated ecosystem that will help insurers become future-ready. ‘ Alternative Investments Growth of private debt to boost Middle East real estate market, says JLL News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24983/growth-of-private-debt-to-boost-middle-east-real-estate-market-says-jll 10% of the total real estate debt market could come from private providers within the next decade Alternative Investments Bridge to launch first e-insurance comparison portal News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24985/bridge-to-launch-first-e-insurance-comparison-portal The portal is expected to launch online in the third quarter of 2018, and will enable customers to make informed insurance decisions. Alternative Investments Nasdaq Dubai Plans to Start Equity Futures on Saudi Companies News Aggregation Team Monday, May 21, 2018 1:00 am http://mebankers.net/article/24963/nasdaq-dubai-plans-to-start-equity-futures-on-saudi-companies Our futures will provide further impetus to investment into the Saudi capital markets and help develop new links with market participants. Alternative Investments Hamdan approves organisational structure of Dubai Land Department News Aggregation Team Monday, May 21, 2018 1:00 am http://mebankers.net/article/24976/hamdan-approves-organisational-structure-of-dubai-land-department The new structure of DLD includes the Real Estate Regulatory Agency, the Dubai Real Estate Institute and the Rental Disputes Centre Alternative Investments FN launches new Women in Middle East Finance powerlist News Aggregation Team Sunday, May 20, 2018 1:00 am http://mebankers.net/article/24948/fn-launches-new-women-in-middle-east-finance-powerlist All nominees for the FN50 Most Influential Women in Middle East Finance list must be based in Mena Alternative Investments Founder of Dubai’s Abraaj faces investor revolt News Aggregation Team Sunday, May 20, 2018 1:00 am http://mebankers.net/article/24951/founder-of-dubaiamprsquos-abraaj-faces-investor-revolt Naqvi in February passed the reins of the fund management arm to two new co-chief executives Alternative Investments Revealed: 62 billionaires in UAE hold Dh616 billion wealth News Aggregation Team Thursday, May 24, 2018 1:00 am http://mebankers.net/article/24996/revealed-62-billionaires-in-uae-hold-dh616-billion-wealth Most UAE-based billionaires have made their money from real estate. Wealth & Asset Management International private jet operator launches in the UK and Middle East News Aggregation Team Tuesday, May 22, 2018 1:00 am http://mebankers.net/article/24968/international-private-jet-operator-launches-in-the-uk-and-middle-east The company is being led by a new senior management team that includes Ben Banda as accountable manager. Wealth & Asset Management Red Alert at Falcon Private Bank News Aggregation Team Friday, May 18, 2018 1:00 am http://mebankers.net/article/24946/red-alert-at-falcon-private-bank These are the losses which the small bank in Zurich owned by the Abu Dhabi state fund accrued in the past two business years. Wealth & Asset Management Jared Kushner's Family Has Been Looking for Help With a Troubled Office Tower for Years. Qatar Might Bail Them Out News Aggregation Team Thursday, May 17, 2018 1:00 am http://mebankers.net/article/24941/jared-kushneramp039s-family-has-been-looking-for-help-with-a-troubled-office-tower-for-years-qatar-might-bail-them-out Vornado would continue to own the building’s lucrative retail spaces. Wealth & Asset Management Citi PB’s Rankin: Illiquidity tolerance has grown… here’s why News Aggregation Team Tuesday, May 15, 2018 1:00 am http://mebankers.net/article/24897/citi-pbamprsquos-rankin-illiquidity-tolerance-has-grownamphellip-hereamprsquos-why Rankin said that a greater understanding of thematic investing – such as following structural themes or so-called ‘mega trends’ – has also boosted this shift. Wealth & Asset Management Falcon PB rejects reports of potential sale News Aggregation Team Monday, May 14, 2018 1:00 am http://mebankers.net/article/24882/falcon-pb-rejects-reports-of-potential-sale The statement comes following a Reuters report suggesting that Abu Dhabi state investor and Falcon owner Mubadala Investment Company has been trying to sell the bank. Wealth & Asset Management Dukascopy Bank SA launches new office in Dubai News Aggregation Team Thursday, May 10, 2018 1:00 am http://mebankers.net/article/24830/dukascopy-bank-sa-launches-new-office-in-dubai The Dubai office team will assist prospects and clients from Dubai and from the Middle East in their dealings with the Geneva Headquarters. Wealth & Asset Management Middle East's best bank for wealth management 2018: Credit Suisse News Aggregation Team Wednesday, May 09, 2018 1:00 am http://mebankers.net/article/24813/middle-eastamp039s-best-bank-for-wealth-management-2018-credit-suisse That offering improved last year; Credit Suisse extended structured financing solutions to its ultra-high net-worth and corporate clients, thereby increasing its credit volume by double digits. Wealth & Asset Management Seizing the Global HNW Expat Opportunity takes centre stage News Team Tuesday, May 08, 2018 1:00 am http://mebankers.net/article/24792/seizing-the-global-hnw-expat-opportunity-takes-centre-stage According to the company’s latest report, ‘Seizing the Global HNW Expat Opportunity’, 65% of wealth managers target HNW expats. Wealth & Asset Management Bank of Singapore is upbeat on its Middle East prospects after a sound start to 2018 News Aggregation Team Thursday, May 03, 2018 1:00 am http://mebankers.net/article/24766/bank-of-singapore-is-upbeat-on-its-middle-east-prospects-after-a-sound-start-to-2018 The bank moved to its premises in Dubai International Financial Centre in 2016 and currently has more than one hundred employees based in the city. Wealth & Asset Management Why AI is the key to the future News Aggregation Team Thursday, May 24, 2018 1:00 am http://mebankers.net/article/24997/why-ai-is-the-key-to-the-future The transport industry will see a predicted growth of AED 69 billion, largely due to the rise in autonomous vehicles. FinTech NBB’s digital transformation strategy announced News Aggregation Team Sunday, May 20, 2018 1:00 am http://mebankers.net/article/24950/nbbamprsquos-digital-transformation-strategy-announced NBB aims for 80% of all transactions to be processed digitally and 20% of new products and services to be sold online to customers. FinTech The first Waqfe powered digital banking platform launched in Bahrain News Team Sunday, May 20, 2018 1:00 am http://mebankers.net/article/24953/the-first-waqfe-powered-digital-banking-platform-launched-in-bahrain Waqfe’s next generation platform addresses all of this comprehensively. FinTech The innovation wave for banks News Team Friday, May 18, 2018 1:00 am http://mebankers.net/article/24943/the-innovation-wave-for-banks Latest technology and methodologies are utilised in its digital banking offering with a number of successful implementations around the world. FinTech Why is Bahrain suddenly the center of attention for a blockchain of events News Aggregation Team Thursday, May 17, 2018 1:00 am http://mebankers.net/article/24935/why-is-bahrain-suddenly-the-center-of-attention-for-a-blockchain-of-events This adds to a series of initiatives aimed at incorporating the ledger technology into its business operations. FinTech DFSA Expands FinTech Innovation Testing Programme News Team Thursday, May 17, 2018 1:00 am http://mebankers.net/article/24939/dfsa-expands-fintech-innovation-testing-programme The ITL programme enables firms to test innovations in financial technology in or from the Dubai International Financial Centre. FinTech WealthTech investments reached 80% of last year’s total in Q1 alone News Aggregation Team Wednesday, May 16, 2018 1:00 am http://mebankers.net/article/24920/wealthtech-investments-reached-80-of-last-yearamprsquos-total-in-q1-alone Global WealthTech funding is on track to surpass 2017’s record with over $2bn invested in Q1 2018 FinTech National Bank of Kuwait and Mastercard launch payments with selfies and fingerprint-enabled cards News Aggregation Team Tuesday, May 15, 2018 1:00 am http://mebankers.net/article/24887/national-bank-of-kuwait-and-mastercard-launch-payments-with-selfies-and-fingerprint-enabled-cards NBK also introduced several other new features for its online banking service and mobile app. FinTech Sponsored Content – Higher Oil Prices Will Boost Saudi Investment into Ethereum and Other Cryptos News Aggregation Team Tuesday, May 15, 2018 1:00 am http://mebankers.net/article/24888/sponsored-content-ampndash-higher-oil-prices-will-boost-saudi-investment-into-ethereum-and-other-cryptos Saudi Arabia is looking to bring smart contract awareness to the world using Ethereum, along with payment processing through Ripple. FinTech Tech and innovation are at the core of the ‘New GCC’ investment opportunities as revealed ‘Gateway Gulf’ News Aggregation Team Tuesday, May 15, 2018 1:00 am http://mebankers.net/article/24902/tech-and-innovation-are-at-the-core-of-the-amplsquonew-gccamprsquo-investment-opportunities-as-revealed-amplsquogateway-gulfamprsquo The event showcased major investment-ready projects worth $18 billion, with projects in the planning phase driving up the value of the project pipeline to $26 billion. FinTech Dubai Bank raids Kenyan rivals for top management News Aggregation Team Friday, May 25, 2018 1:00 am http://mebankers.net/article/25008/dubai-bank-raids-kenyan-rivals-for-top-management DIB Bank Kenya managing director Peter Mule Makau joined the lender from United Bank for Africa Tanzania, where he was also the MD. Islamic Finance QIIB set to open two more branches this year News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24984/qiib-set-to-open-two-more-branches-this-year Last week we opened our latest branch in the City Centre mall, and hopefully before the end of this year, we will have two more branches Islamic Finance Kuwait Finance House sets up $3 bln sukuk programme News Aggregation Team Tuesday, May 22, 2018 1:00 am http://mebankers.net/article/24973/kuwait-finance-house-sets-up-3-bln-sukuk-programme The certificates have been assigned a provisional (P)A1 senior unsecured long-term rating by credit rating agency Moody’s. Islamic Finance ABK, FAB and Noor Bank sign loan deal for Dubai Aerospace News Aggregation Team Monday, May 21, 2018 1:00 am http://mebankers.net/article/24972/abk-fab-and-noor-bank-sign-loan-deal-for-dubai-aerospace FAB will also act as the Global Agent, Facility Agent and Investment Agent, whilst Noor Bank will act as the Islamic Structuring Agent. Islamic Finance Noor Bank’s $500m sukuk listed on Nasdaq Dubai News Aggregation Team Thursday, May 17, 2018 1:00 am http://mebankers.net/article/24932/noor-bankamprsquos-500m-sukuk-listed-on-nasdaq-dubai Listed on 24 April 2018, Noor Bank’s $500 million Sukuk is a five-year instrument that was oversubscribed 2.1 times following a successful international roadshow. Islamic Finance Kuwait Finance House just launched a new service that’s going to make your lives a whole-lot easier! News Aggregation Team Tuesday, May 15, 2018 1:00 am http://mebankers.net/article/24901/kuwait-finance-house-just-launched-a-new-service-thatamprsquos-going-to-make-your-lives-a-whole-lot-easier The app allows customers to open a Mudaraba-based savings account, Libshara account and also grants them access to transactional services. Islamic Finance Key future opportunities for Islamic finance in focus News Aggregation Team Tuesday, May 15, 2018 1:00 am http://mebankers.net/article/24909/key-future-opportunities-for-islamic-finance-in-focus Thomson Reuters, in its latest State of the Global Islamic Economy report published in collaboration with US-based Islamic economy advisory DinarStandard, comes to the conclusion that as the Islamic Finance industry is maturing, several high-potential seg Islamic Finance KFH signs coop agreement with Agrivage startup News Team Monday, May 14, 2018 1:00 am http://mebankers.net/article/24869/kfh-signs-coop-agreement-with-agrivage-startup This comes as part of KFH social responsibility and commitment towards the youth initiatives and the environment. Islamic Finance KFH-Bahrain launches Jazeel, the digital platform with a new banking experience News Team Monday, May 14, 2018 1:00 am http://mebankers.net/article/24870/kfh-bahrain-launches-jazeel-the-digital-platform-with-a-new-banking-experience With Jazeel, the Bank introduces a fully digitized E-KYC (electronic Know-Your-Customer) process Islamic Finance Dubai Islamic Economy Development Centre: Islamic Economy Contributes 8% of Dubai’s GDP News Team Monday, May 14, 2018 1:00 am http://mebankers.net/article/24877/dubai-islamic-economy-development-centre-islamic-economy-contributes-8-of-dubaiamprsquos-gdp Al Mansouri: Countries are now more open to adopting the UAE’s Islamic economy model Islamic Finance Funds Absorb Record $1.6 Trillion Net Inflow Worldwide in 2017 News Team Friday, May 25, 2018 1:00 am http://mebankers.net/article/25002/funds-absorb-record-16-trillion-net-inflow-worldwide-in-2017 More than 200 managers worldwide each generated at least $1 billion of flows into their active funds last year, but 100 firms suffered over $1 billion of net redemptions. Research, Comment and Analysis How buying a home in the UAE can halve your rent News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24981/how-buying-a-home-in-the-uae-can-halve-your-rent Ben Crompton says it always makes financial sense to buy the property you live in Research, Comment and Analysis More private debt will fund Middle East real estate in a decade News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24986/more-private-debt-will-fund-middle-east-real-estate-in-a-decade 10% of the total real estate debt market could come from private providers within the next decade Research, Comment and Analysis Artificial Intelligence to add US $182 billion News Aggregation Team Tuesday, May 22, 2018 1:00 am http://mebankers.net/article/24974/artificial-intelligence-to-add-us-182-billion The report looked at 15 industries in the UAE and 13 in Saudi Arabia to determine the potential sector-specific impact of AI on the economies of the Middle East. Research, Comment and Analysis He who hesitates is lost by Gary Dugan News Team Monday, May 21, 2018 1:00 am http://mebankers.net/article/24964/he-who-hesitates-is-lost-by-gary-dugan The eurozone data has been particularly weak and Japan too with first-quarter GDP growth well below expectations. Research, Comment and Analysis Soaring profits push global dividends to a first-quarter record News Team Monday, May 21, 2018 1:00 am http://mebankers.net/article/24962/soaring-profits-push-global-dividends-to-a-first-quarter-record The Janus Henderson Global Dividend Index ended the quarter at a record 174.2, meaning that global payouts last year were almost three-quarters higher than in 2009. Research, Comment and Analysis Which countries will create most billionaires in 10 years? News Aggregation Team Sunday, May 20, 2018 1:00 am http://mebankers.net/article/24952/which-countries-will-create-most-billionaires-in-10-years UAE will be the 12th biggest producer of billionaires in 2027: study Research, Comment and Analysis Only 32% of UAE residents would recommend their bank, survey shows News Aggregation Team Sunday, May 20, 2018 1:00 am http://mebankers.net/article/24955/only-32-of-uae-residents-would-recommend-their-bank-survey-shows Data from Souqalmal.com found that personal loans and credit cards are the most searched for financial products Research, Comment and Analysis Revealed: The world's largest banks by assets News Aggregation Team Thursday, May 17, 2018 1:00 am http://mebankers.net/article/24938/revealed-the-worldamp039s-largest-banks-by-assets This is up $1.727 trillion since last year’s ranking, with half of this growth due to a strengthening yuan against the US dollar. Research, Comment and Analysis DIFC’s Governor & China’s Vice Minister of Commerce Hold Talks On Future Collaboration News Team Thursday, May 17, 2018 1:00 am http://mebankers.net/article/24940/difcamprsquos-governor-ampamp-chinaamprsquos-vice-minister-of-commerce-hold-talks-on-future-collaboration Meeting focused on DIFC-China longstanding relationship and enhancing collaboration Research, Comment and Analysis SABB named 'Best Supply Chain Finance Bank in Middle East' News Aggregation Team Thursday, May 24, 2018 1:00 am http://mebankers.net/article/24998/sabb-named-amp039best-supply-chain-finance-bank-in-middle-eastamp039 This award adds to SABB’s strong track record and confirms its position as the leader in trade finance provider in the Kingdom. Investment Bank Foreign investment in Turkish banking sector continues with Denizbank's sale to UAE's NBD for $3.2 billion News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24979/foreign-investment-in-turkish-banking-sector-continues-with-denizbankamp039s-sale-to-uaeamp039s-nbd-for-32-billion The Turkish banking sector has drawn a significant amount of foreign investments and the latest example is the sale of Denizbank to the UAE-based lender NBD Investment Bank Alawwal and Saudi British Bank merger pricing credit positive News Aggregation Team Wednesday, May 23, 2018 1:00 am http://mebankers.net/article/24980/alawwal-and-saudi-british-bank-merger-pricing-credit-positive The agreement on pricing and the merger are credit positive for Alawwal bank because it will strengthen and diversify its business and support overall credit profile Investment Bank UBS: Investment Bank Staff Carousel Turns News Aggregation Team Friday, May 18, 2018 1:00 am http://mebankers.net/article/24942/ubs-investment-bank-staff-carousel-turns At the same time UBS is tapping rivals for key staff as well. Investment Bank Emirates NBD partners with top fintech platform News Aggregation Team Thursday, May 17, 2018 1:00 am http://mebankers.net/article/24921/emirates-nbd-partners-with-top-fintech-platform Launched in 2017, CCRManager is a digital trade finance platform that connects various banks and financial institutions to originate and distribute trade assets. Investment Bank HSBC to Cement Lead in Saudi Arabia With $5 Billion Bank Merger News Aggregation Team Thursday, May 17, 2018 1:00 am http://mebankers.net/article/24922/hsbc-to-cement-lead-in-saudi-arabia-with-5-billion-bank-merger Deal is kingdom’s first bank combination for almost 20 years Investment Bank Bank ABC Announces First Quarter 2018 Net Profit of $53 Million News Aggregation Team Tuesday, May 15, 2018 1:00 am http://mebankers.net/article/24904/bank-abc-announces-first-quarter-2018-net-profit-of-53-million Our strategic priorities on our Wholesale Banking transformation, our digital bank rollout and our organisational health continue to progress and underpin the improving trend on our financial performance. Investment Bank Emirates Development Bank approves Dh50m fund for start-ups News Aggregation Team Tuesday, May 15, 2018 1:00 am http://mebankers.net/article/24907/emirates-development-bank-approves-dh50m-fund-for-start-ups Fund aims to support start-ups whose ownership is over 51% Emirati Investment Bank Global distributes $32m to its clients investing in its equity fund GMFA News Aggregation Team Monday, May 14, 2018 1:00 am http://mebankers.net/article/24865/global-distributes-32m-to-its-clients-investing-in-its-equity-fund-gmfa With this distribution, the total amount distributed to clients investing in GMFA reached $141 million and total amount distributed by the private equity asset management team reached $612 million to funds’ investors since inception. Investment Bank Emirates Investment Bank reports financial results for the first quarter of 2018 News Team Monday, May 14, 2018 1:00 am http://mebankers.net/article/24885/emirates-investment-bank-reports-financial-results-for-the-first-quarter-of-2018 Net profit down 9.5% to AED 15.00 million (Q1 2017: AED 16.57 million) Investment Bank