Managers of Wealth - Middle East http://mebankers.net/ Mon, 17 Jun 2019 12:46:02 BST part of MediaG8way Group http://mebankers.net/ http://mebankers.net/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP EIBank names Imad Bou Khouzam Interim CEO Kris Borres Monday, June 17, 2019 1:00 am http://mebankers.net/article/29289/eibank-names-imad-bou-khouzam-interim-ceo Imad has been with EIBank as Chief Financial Officer since 2017, where he leads the finance, operations and IT departments On the Move Goldman Sachs hired an energy banker from Evercore News Aggregation Team Friday, June 14, 2019 1:00 am http://mebankers.net/article/29283/goldman-sachs-hired-an-energy-banker-from-evercore Woodard started his career as an oil & gas, power, utilities and infrastructure analyst at JP Morgan in 2010. On the Move GHD Advisory appoints leader for UAE Kris Borres Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29236/ghd-advisory-appoints-leader-for-uae Salma Bin Breik as Advisory Leader – UAE to grow its presence in Europe and Middle East region. On the Move East Capital boosts global investment teams with raft of new hires Ana Hall Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29240/east-capital-boosts-global-investment-teams-with-raft-of-new-hires These announcements follow on from the recent appointment of Anders Borg as an Advisor, continuing to strengthen in-house capabilities. On the Move UAE Cabinet to increase youth participation in public, private sector boards News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29253/uae-cabinet-to-increase-youth-participation-in-public-private-sector-boards The decision reflects the UAE Government’s keenness to enhance the role of youth On the Move Synerise strengthens its operations in the Gulf region Mitzi Limlengco Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29260/synerise-strengthens-its-operations-in-the-gulf-region Mohamed Abdelsalam joins as Country Leader On the Move MUFG Recruits FX Veteran Chris de Sibert as a Director News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29264/mufg-recruits-fx-veteran-chris-de-sibert-as-a-director Sibert joined the firm’s London-based operations this week. On the Move Another Senior Julius Baer Banker Heads for Pictet News Aggregation Team Wednesday, June 12, 2019 1:00 am http://mebankers.net/article/29219/another-senior-julius-baer-banker-heads-for-pictet Premchand will be responsible for the Genevan bank's ultra-rich clients from the Middle East and Asia, including the Indian sub-continent. On the Move Brokerslink appoints new Middle East and Africa manager from MDS Re News Aggregation Team Tuesday, June 11, 2019 1:00 am http://mebankers.net/article/29199/brokerslink-appoints-new-middle-east-and-africa-manager-from-mds-re Mora replaces Ana Cristina Borges who is relinquishing her responsibilities with Brokerslink to become board director of MDS Portugal. On the Move Neuberger Berman raids AllianceBernstein for intermediary EMEA and LatAM head News Aggregation Team Thursday, June 06, 2019 1:00 am http://mebankers.net/article/29157/neuberger-berman-raids-alliancebernstein-for-intermediary-emea-and-latam-head Reporting to Dik van Lomwel On the Move Three Abraaj Executives Charged in U.S. Fraud Investigation News Aggregation Team Monday, June 17, 2019 1:00 am http://mebankers.net/article/29285/three-abraaj-executives-charged-in-us-fraud-investigation Former CFO, two ex-managing directors face new U.S. charges Legal, Tax, Regulation & Compliance How Lebanon Will Dodge Its Looming Debt Crisis News Aggregation Team Monday, June 17, 2019 1:00 am http://mebankers.net/article/29284/how-lebanon-will-dodge-its-looming-debt-crisis The biggest problem of all those is the debt, which has been caused by massive overspending by the government. Legal, Tax, Regulation & Compliance Egypt's parliament considering banking system draft law News Aggregation Team Monday, June 17, 2019 1:00 am http://mebankers.net/article/29288/egyptamp039s-parliament-considering-banking-system-draft-law The official said May 21 this step aims to support lenders’ capital bases in the face of potential risks and enhance their ability to compete with other banks regionally and internationally. Legal, Tax, Regulation & Compliance UAE enhances cooperation with Cyprus and Belgium News Aggregation Team Monday, June 17, 2019 1:00 am http://mebankers.net/article/29290/uae-enhances-cooperation-with-cyprus-and-belgium During the meeting, Obaid Al Tayer highlighted the advanced investment and legislative environment of the UAE and its advanced infrastructure as well as macroeconomic stability. Legal, Tax, Regulation & Compliance Al Baraka Banking Group & Eazy financial Services inks MoU Ana Hall Monday, June 17, 2019 1:00 am http://mebankers.net/article/29291/al-baraka-banking-group-ampamp-eazy-financial-services-inks-mou EazyNet biometric payment services will provide ABG’s customers a safe, more convenient and more secure way to conduct all banking transactions and purchases through ATMs and point of sale. Legal, Tax, Regulation & Compliance Turkish central bank holds rates, shifts its focus to ‘disinflation’ News Aggregation Team Friday, June 14, 2019 1:00 am http://mebankers.net/article/29267/turkish-central-bank-holds-rates-shifts-its-focus-to-amplsquodisinflationamprsquo The central bank hiked its benchmark one-week repo rate by 11.25 percentage points last year, last raising it in September to support the lira in the face of a currency crisis that has tipped the economy into recession. Legal, Tax, Regulation & Compliance How Lebanon Will Dodge Its Looming Debt Crisis News Aggregation Team Friday, June 14, 2019 1:00 am http://mebankers.net/article/29270/how-lebanon-will-dodge-its-looming-debt-crisis The country has a fiscal deficit, which measures the amount the government spends more than its revenues, of 11% of GDP in 2018 up from 8.6% the prior year, according to TradingEconomics. Legal, Tax, Regulation & Compliance Saudi Arabia issues 390,000 work visas during first quarter News Aggregation Team Friday, June 14, 2019 1:00 am http://mebankers.net/article/29271/saudi-arabia-issues-390000-work-visas-during-first-quarter Saudi Arabia has issued over 390,000 work visas in the first quarter of the year according to the figures released by the General Authority for Statistics. Legal, Tax, Regulation & Compliance Ex-Emirati Chairman, Expat CEO Sentenced to 15 and 10 Years in Jail Respectively News Aggregation Team Friday, June 14, 2019 1:00 am http://mebankers.net/article/29279/ex-emirati-chairman-expat-ceo-sentenced-to-15-and-10-years-in-jail-respectively They abused their public office and misappropriated funds Legal, Tax, Regulation & Compliance Insurance premiums in Bahrain grow 6% in 2018 News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29258/insurance-premiums-in-bahrain-grow-6-in-2018 Government investments in infrastructure projects have also provided new underwriting opportunities for further growth: official Legal, Tax, Regulation & Compliance Leading Israeli Bank in the US Strengthens Ties and Opportunities at Home News Aggregation Team Monday, June 17, 2019 1:00 am http://mebankers.net/article/29287/leading-israeli-bank-in-the-us-strengthens-ties-and-opportunities-at-home Today, IDB is among the 25 largest commercial banks in the New York metropolitan area, while its parent company, Discount Bank Ltd., runs some 260 branches across Israel. Retail Banking Second merger wave may hit UAE lenders as industry shrinks News Aggregation Team Friday, June 14, 2019 1:00 am http://mebankers.net/article/29273/second-merger-wave-may-hit-uae-lenders-as-industry-shrinks Analysts said that the absence of common shareholders and a lack of cross-Emirate deals have so far hindered transactions. Retail Banking NBK launches the World's First Full Metal NFC-enabled Visa Credit Card Kris Borres Friday, June 14, 2019 1:00 am http://mebankers.net/article/29277/nbk-launches-the-worldamp039s-first-full-metal-nfc-enabled-visa-credit-card In Collaboration with Visa Retail Banking UAE's Sharjah Islamic Bank readies capital-boosting dollar sukuk News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29231/uaeamp039s-sharjah-islamic-bank-readies-capital-boosting-dollar-sukuk Its board approved earlier this year the issuance of sharia-compliant Tier 1 instruments for up to 2.8 billion dirhams ($762 million), to strengthen the bank's capital adequacy ratios. Retail Banking Standard Chartered innovation fund eyes FinTech investments in the region News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29261/standard-chartered-innovation-fund-eyes-fintech-investments-in-the-region The lender is building a venture portfolio focused on digital transformation in finance Retail Banking Emirates NBD turns to SAS to oversee its digital transformation journey News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29265/emirates-nbd-turns-to-sas-to-oversee-its-digital-transformation-journey With a total assets of around $136 billion, the Emirates NBD Group has a significant retail banking franchise in the United Arab Emirates. Retail Banking Open account in Riyad Bank without visiting branch News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29266/open-account-in-riyad-bank-without-visiting-branch Riyad Bank makes great efforts to provide the best and latest banking services through advanced digital channels, where the bank is always keen to develop its digital channels and protection systems to meet the customers’ needs and interests. Retail Banking All major Gulf markets perform strongly News Aggregation Team Wednesday, June 12, 2019 1:00 am http://mebankers.net/article/29218/all-major-gulf-markets-perform-strongly Qatar is sharply ahead on local retail accumulation as we go through the 1:10 stock split, said Bhandari. Retail Banking RAKBANK and Newgen Software Win the Best Branch Digitization Initiative Awards, 2019 Kris Borres Wednesday, June 12, 2019 1:00 am http://mebankers.net/article/29238/rakbank-and-newgen-software-win-the-best-branch-digitization-initiative-awards-2019 "This award is a testament to RAKBANK's continuous efforts to innovate and provide high-quality service to its customers and we would like to extend our gratitude to Newgen Software for helping us achieve this milestone," he added. Retail Banking FAB partners with ADSSA to deliver state-of-the-art payment solutions Ana Hall Tuesday, June 11, 2019 1:00 am http://mebankers.net/article/29216/fab-partners-with-adssa-to-deliver-state-of-the-art-payment-solutions Advanced technology is part of a financial aid programme for limited-income Emirati families Retail Banking Saudi investments in US bonds increase to $170bn News Aggregation Team Monday, June 17, 2019 1:00 am http://mebankers.net/article/29281/saudi-investments-in-us-bonds-increase-to-170bn The Institute of International Finance estimates the Public Investment Fund's assets at around $300 billion Alternative Investments Gulf states are becoming more adventurous investors News Aggregation Team Friday, June 14, 2019 1:00 am http://mebankers.net/article/29274/gulf-states-are-becoming-more-adventurous-investors The world’s sovereign-wealth funds control $8trn in assets. Alternative Investments A £1m Dubai dream home buys backdoor EU entry News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29239/a-amppound1m-dubai-dream-home-buys-backdoor-eu-entry Buyers who spend at least 5 million dirhams (£1 million) on the Dubai property will have the €100,000 minimum investment and €35,000 fees required to obtain citizenship of the eastern European nation of Moldova paid for them by Kleindienst Alternative Investments Aldar launches Dh1.7bn residential development for Emiratis News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29242/aldar-launches-dh17bn-residential-development-for-emiratis Alreeman II follows the success of its first phase launched in January, which generated sales of Dh1.6bn Alternative Investments First CFO Summit brings together regional stalwarts in Dubai News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29250/first-cfo-summit-brings-together-regional-stalwarts-in-dubai Special sessions on the impact of VAT on GCC businesses Alternative Investments BlueRed a bridge linking Israeli startups to Asia's wealthy News Aggregation Team Wednesday, June 12, 2019 1:00 am http://mebankers.net/article/29222/bluered-a-bridge-linking-israeli-startups-to-asiaamp039s-wealthy Working closely with Asia's well-heeled, he noticed their appetite for venture investing in Israel's burgeoning startup scene, but that they lacked the connections for access to good deals. Alternative Investments Investors buying £1m dream homes in Dubai get backdoor access to Europe thrown in for free thanks to new scheme slammed as 'serious security risk' News Aggregation Team Wednesday, June 12, 2019 1:00 am http://mebankers.net/article/29229/investors-buying-amppound1m-dream-homes-in-dubai-get-backdoor-access-to-europe-thrown-in-for-free-thanks-to-new-scheme-slammed-as-amp039serious-security-riskamp039 The Citizen-by-Investment scheme will allow access to European nations Alternative Investments Mideast UHNWIs pour $3.3bn into London real estate market News Aggregation Team Wednesday, June 12, 2019 1:00 am http://mebankers.net/article/29245/mideast-uhnwis-pour-33bn-into-london-real-estate-market This was evidenced in Knight Frank's Wealth Report 2019 which found that UHNWIs from the region allocated $3.3bn 2018 to property in London Alternative Investments Enoc Group gets $690m term loan from Chinese banks News Aggregation Team Tuesday, June 11, 2019 1:00 am http://mebankers.net/article/29205/enoc-group-gets-690m-term-loan-from-chinese-banks ICBC, the largest bank in the world by total assets and net profit, has been appointed as the facility agent for the deal and has structured the transaction, it stated. Alternative Investments Pharos Holding to hold 3rd Annual Investor Conference uncovering pathways to opportunities in Egypt's dynamic market Ana Hall Tuesday, June 11, 2019 1:00 am http://mebankers.net/article/29207/pharos-holding-to-hold-3rd-annual-investor-conference-uncovering-pathways-to-opportunities-in-egyptamp039s-dynamic-market Two-day conference brings together, key decision makers, and investors from asset managers Alternative Investments Invest in Sharjah to hold 5th FDI Forum in November News Aggregation Team Wednesday, June 12, 2019 1:00 am http://mebankers.net/article/29232/invest-in-sharjah-to-hold-5th-fdi-forum-in-november The fifth edition of the event is expected to host 1,000 leading regional and global names from a multitude of industries, who will be deliberating on the future of FDI behaviour worldwide. Wealth & Asset Management UAE gold prices soar by nearly Dh8 per gram in over a week News Aggregation Team Sunday, June 09, 2019 1:00 am http://mebankers.net/article/29180/uae-gold-prices-soar-by-nearly-dh8-per-gram-in-over-a-week Latest rate is highest since August 2018 Wealth & Asset Management Middle East and North Africa: Wealth Shift News Aggregation Team Friday, June 07, 2019 1:00 am http://mebankers.net/article/29175/middle-east-and-north-africa-wealth-shift Rising fortunes in the Middle East are driving the private-banking market toward socially responsible investing, Islamic products and more digital tools. Wealth & Asset Management In Israel, Millionaires are the New Normal News Aggregation Team Friday, June 07, 2019 1:00 am http://mebankers.net/article/29178/in-israel-millionaires-are-the-new-normal With the estimated personal wealth in Israel going up by 45% in the last decade, Israelis are now a premier target for global wealth management bankers Wealth & Asset Management Rich keeping large chunk of their wealth in UAE News Aggregation Team Tuesday, June 04, 2019 1:00 am http://mebankers.net/article/29133/rich-keeping-large-chunk-of-their-wealth-in-uae Some of these emerging trends relate to clients wanting to be closer to their bankers, prefer to deal with banks that have a full-service offering and there is a huge growing demand for credit and related services in the country. Wealth & Asset Management Rich keeping large chunk of their wealth in UAE News Aggregation Team Monday, June 03, 2019 1:00 am http://mebankers.net/article/29124/rich-keeping-large-chunk-of-their-wealth-in-uae More demand for lifestyle-related private banking services, private wealth solutions being witnessed Wealth & Asset Management Utmost expands into the Middle East with Dubai licence News Aggregation Team Friday, May 31, 2019 1:00 am http://mebankers.net/article/29106/utmost-expands-into-the-middle-east-with-dubai-licence The Isle of Man-based company is now the second largest cross-border provider of unit-linked wealth management solutions in Europe, having doubled assets under management to €24bn over the last year. Wealth & Asset Management Millenials Driving New Era of Investments with an Impact News Aggregation Team Wednesday, May 29, 2019 1:00 am http://mebankers.net/article/29070/millenials-driving-new-era-of-investments-with-an-impact According to a global report published this month, an overwhelming 97% of the Next Generation - either Gen Y or Gen Z - are interested in actively managing their family's investments. Wealth & Asset Management Middle East and Africa 'the engine for growth' for global wealth managers News Aggregation Team Monday, May 27, 2019 1:00 am http://mebankers.net/article/29040/middle-east-and-africa-amp039the-engine-for-growthamp039-for-global-wealth-managers Private high-net-worth wealth in the region is expected to grow by 6 per cent annually until 2023, says a new study Wealth & Asset Management Why high net-worth families in the Middle East are looking to Guernsey for private wealth solutions Ana Hall Tuesday, May 21, 2019 1:00 am http://mebankers.net/article/28973/why-high-net-worth-families-in-the-middle-east-are-looking-to-guernsey-for-private-wealth-solutions A final word on demographics and global wealth trends. Wealth & Asset Management Citibank officially invites Pakistan to international fintech competition News Aggregation Team Monday, June 17, 2019 1:00 am http://mebankers.net/article/29286/citibank-officially-invites-pakistan-to-international-fintech-competition The challenge is going to revolve around four main problems, namely digitized cash collections, assured payments, B2B2C enablement and digitizing trade processes. FinTech Is artificial intelligence the new oil for the UAE? News Aggregation Team Monday, June 17, 2019 1:00 am http://mebankers.net/article/29282/is-artificial-intelligence-the-new-oil-for-the-uae The UAE is leading the race to an artificial intelligence-enabled business age as it prepares for a post-oil era FinTech Citi issues call for entries to Mena Fintech Challenge Mitzi Limlengco Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29255/citi-issues-call-for-entries-to-mena-fintech-challenge The launch of this challenge is an important milestone in our quest to uncover innovative solutions for our clients FinTech Turkey's BKM goes live with blockchain-based digital certificate platform Mitzi Limlengco Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29256/turkeyamp039s-bkm-goes-live-with-blockchain-based-digital-certificate-platform Blockchain is now integrated into our lives via belgem.io. FinTech GCC nations to adopt FinTech faster than peers, S&P says News Aggregation Team Wednesday, June 12, 2019 1:00 am http://mebankers.net/article/29226/gcc-nations-to-adopt-fintech-faster-than-peers-sampampp-says Internet use, customers’ inclination, ready capital and regulators will be the main drivers FinTech ABN Amro takes stake in financial crime outfit Thetaray News Aggregation Team Wednesday, June 12, 2019 1:00 am http://mebankers.net/article/29241/abn-amro-takes-stake-in-financial-crime-outfit-thetaray Our investment in ThetaRay strengthens the current operational relationship between the bank and ThetaRay. FinTech Digital payments experience soaring popularity in the banking industry: report Ana Hall Tuesday, June 11, 2019 1:00 am http://mebankers.net/article/29210/digital-payments-experience-soaring-popularity-in-the-banking-industry-report Keynote session in progress at the Middle East Banking Innovation Summit 2018 FinTech Finance ministers call for creation of digital tax for tech companies News Aggregation Team Monday, June 10, 2019 1:00 am http://mebankers.net/article/29186/finance-ministers-call-for-creation-of-digital-tax-for-tech-companies Officials agree to set up new tax model adapted to digital economy FinTech Arabian Bourse receives Initial Approval for Crypto Asset Exchange & Custodian Ana Hall Monday, June 10, 2019 1:00 am http://mebankers.net/article/29196/arabian-bourse-receives-initial-approval-for-crypto-asset-exchange-ampamp-custodian ABX has chosen to be based in ADGM, Abu Dhabi, to benefit from the enlightened crypto asset regulatory framework, rapidly growing crypto asset industry in the region, concentration of global financial institutions and a trusted regulatory regime. FinTech Artificial intelligence in banking News Aggregation Team Friday, June 07, 2019 1:00 am http://mebankers.net/article/29176/artificial-intelligence-in-banking A lever for profitability with limited implementation to date FinTech QIB bags three global awards News Aggregation Team Monday, June 17, 2019 1:00 am http://mebankers.net/article/29292/qib-bags-three-global-awards This achievement reflects the strength of the Qatari economy and it is a result of our efforts to implement a coherent business strategy in providing Shariah-compliant banking products and services to all of our clients. Islamic Finance Central Bank of the UAE hosts Islamic Finance Workshop Towards a Diversified Financial Sector News Aggregation Team Wednesday, June 12, 2019 1:00 am http://mebankers.net/article/29235/central-bank-of-the-uae-hosts-islamic-finance-workshop-towards-a-diversified-financial-sector The first session of the Executive Programme took place at CBUAE HQ in attendance of key officials from, Abu Dhabi Global Market (ADGM), Securities and Commodities Authority (SCA), Dubai Financial Services Authority (DFSA) and Insurance Authority (IA) wit Islamic Finance IBS Intelligence reconfirms Path Solutions as number one Islamic Banking Software Provider Worldwide for tenth year Ana Hall Tuesday, May 28, 2019 1:00 am http://mebankers.net/article/29047/ibs-intelligence-reconfirms-path-solutions-as-number-one-islamic-banking-software-provider-worldwide-for-tenth-year iMAL takes further market share and tops 2019 IBSI Islamic Sales League Table Islamic Finance Noor Bank partners with ICICI Bank News Aggregation Team Monday, May 27, 2019 1:00 am http://mebankers.net/article/29036/noor-bank-partners-with-icici-bank According to reports by the World Bank, India is the world’s top recipient of remittances Islamic Finance Indonesia marks listing of $2b green sukuk on Nasdaq Dubai News Aggregation Team Monday, May 27, 2019 1:00 am http://mebankers.net/article/29043/indonesia-marks-listing-of-2b-green-sukuk-on-nasdaq-dubai The listings underline the close relations between the UAE and Indonesia, the world’s most populous Muslim country, as well as Dubai’s growth as the global capital of the Islamic Economy. Islamic Finance Global Islamic Financing Market 2019 Al Rajhi Bank, Abu Dhabi Islamic Bank, Al Baraka Banking, Dubai Islamic Bank News Aggregation Team Wednesday, May 22, 2019 1:00 am http://mebankers.net/article/28997/global-islamic-financing-market-2019-al-rajhi-bank-abu-dhabi-islamic-bank-al-baraka-banking-dubai-islamic-bank The report is all around made by considering its essential information in the overall Islamic Financing market, the essential components in charge of the interest for its products and administrations. Islamic Finance KFH Continues "Feed the Fasting" Campaign in different Locations Kris Borres Monday, May 20, 2019 1:00 am http://mebankers.net/article/28957/kfh-continues-ampquotfeed-the-fastingampquot-campaign-in-different-locations Distributing 1000 Iftar Meals Daily during Ramadan Islamic Finance Bank Nizwa Scoops Best Islamic Bank in Oman Award From Islamic Finance News News Aggregation Team Monday, May 20, 2019 1:00 am http://mebankers.net/article/28966/bank-nizwa-scoops-best-islamic-bank-in-oman-award-from-islamic-finance-news Bank Nizwa recorded the highest growth rate in the Sultanate’s banking industry Islamic Finance Some gaps still need filling up in Islamic finance News Aggregation Team Friday, May 10, 2019 1:00 am http://mebankers.net/article/28853/some-gaps-still-need-filling-up-in-islamic-finance There is still a lack of qualified personnel to man its various levels Islamic Finance High Growth in Takaful Market 2019-2025 News Aggregation Team Friday, May 10, 2019 1:00 am http://mebankers.net/article/28856/high-growth-in-takaful-market-2019-2025 Nonetheless, the surplus amount invested is then employed for making investments that are helpful for earning a higher profit for the policyholders. Islamic Finance Key Arab states have yet to confirm their attendance at Bahrain Conference News Aggregation Team Friday, June 14, 2019 1:00 am http://mebankers.net/article/29275/key-arab-states-have-yet-to-confirm-their-attendance-at-bahrain-conference On Tuesday, US officials reported to Reuters that Egypt, Jordan and Morocco would be participating in the conference. Research, Comment and Analysis Second Merger Wave May Hit U.A.E. Lenders as Industry Shrinks News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29237/second-merger-wave-may-hit-uae-lenders-as-industry-shrinks ADIB and CBI are among lenders that could benefit from mergers Research, Comment and Analysis FDI inflows to Bahrain rise 6% to $1.5bln News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29257/fdi-inflows-to-bahrain-rise-6-to-15bln Bahrain ranked sixth among 18 countries in West Asia in terms of volume of FDI inflows last year: World Investment Report Research, Comment and Analysis UAE- The Battista: Quicker than a F1 car, zero emissions...$2 million! News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29249/uae-the-battista-quicker-than-a-f1-car-zero-emissions2-million In a town where Bentleys and Rolls Royces double up as hotel shuttles, Dubai's petrol heads (possibly the wrong term to use in this case) almost demand automotive fantasy. Research, Comment and Analysis The Future of Banking: Fintech's Prospects in The Middle East And Africa News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29254/the-future-of-banking-fintechamp039s-prospects-in-the-middle-east-and-africa Fintech in the MEA will continue to slowly expand and therefore constitute a limited threat to the region's well-established financial institutions Research, Comment and Analysis Dubai has world's most expensive Internet - Deutsche Bank report News Aggregation Team Thursday, June 13, 2019 1:00 am http://mebankers.net/article/29262/dubai-has-worldamp039s-most-expensive-internet-deutsche-bank-report Deutsche Bank report also says Riyadh most expensive place to buy a summer dress. Research, Comment and Analysis A champion for women in the Middle East joins the World Economic Forum’s Young Global Leaders News Aggregation Team Wednesday, June 12, 2019 1:00 am http://mebankers.net/article/29223/a-champion-for-women-in-the-middle-east-joins-the-world-economic-forumamprsquos-young-global-leaders Earlier this year, she gained a new way to shape the region’s future and push boundaries when she was elected to the Forum of Young Global Leaders Research, Comment and Analysis A topsy-turvy May for GCC markets: Markaz News Aggregation Team Tuesday, June 11, 2019 1:00 am http://mebankers.net/article/29202/a-topsy-turvy-may-for-gcc-markets-markaz The S&P GCC index lost 5.62 per cent for the month due to regional geopolitical events and the inability of China and US to reach agreement on a trade deal. Research, Comment and Analysis UAE stays on growth path News Aggregation Team Tuesday, June 11, 2019 1:00 am http://mebankers.net/article/29203/uae-stays-on-growth-path World Bank cuts GCC growth outlook by 0.5% for 2019 Research, Comment and Analysis BCCI To Hold ‘Pensioners And Entrepreneurship’ Forum News Aggregation Team Tuesday, June 11, 2019 1:00 am http://mebankers.net/article/29209/bcci-to-hold-amplsquopensioners-and-entrepreneurshipamprsquo-forum The forum aims at guiding and encouraging pensioners and voluntary retirement scheme beneficiaries to start businesses. Research, Comment and Analysis HSBC Carves Special Role as Banker to the Saudis News Aggregation Team Friday, June 14, 2019 1:00 am http://mebankers.net/article/29268/hsbc-carves-special-role-as-banker-to-the-saudis As the kingdom tries to attract business after Jamal Khashoggi’s killing, HSBC is drawing on its decades-long ties to benefit more than any financial institution Investment Bank Dubai's Mashreqbank hires Citi, BAML for dollar bond reopening -sources News Aggregation Team Wednesday, May 22, 2019 1:00 am http://mebankers.net/article/29006/dubaiamp039s-mashreqbank-hires-citi-baml-for-dollar-bond-reopening-sources Under a bond tap, an existing transaction is reopened for subscription, using the same documentation as before. Investment Bank SHUAA Capital progressing with potential combination with ADFG; releases Q1 2019 earnings News Aggregation Team Thursday, May 16, 2019 1:00 am http://mebankers.net/article/28927/shuaa-capital-progressing-with-potential-combination-with-adfg-releases-q1-2019-earnings Combination with major shareholder ADFG progressing through final stages, followed by regulatory and shareholder approvals Investment Bank Shuaa swings to Q1 loss on Abraaj exposure News Aggregation Team Thursday, May 16, 2019 1:00 am http://mebankers.net/article/28939/shuaa-swings-to-q1-loss-on-abraaj-exposure Company says talks for a potential merger with ADFG are in progress Investment Bank GFH Q1 net profit dips 41.4pc to $21.36m News Aggregation Team Wednesday, May 15, 2019 1:00 am http://mebankers.net/article/28923/gfh-q1-net-profit-dips-414pc-to-2136m The Group reported consolidated net profit of $20.7 million, compared with $36.89millionin the first quarter of 2018. Investment Bank Goldman Sachs bought Commerzbank's claim in Saudi's biggest debt saga - sources News Aggregation Team Tuesday, May 14, 2019 1:00 am http://mebankers.net/article/28906/goldman-sachs-bought-commerzbankamp039s-claim-in-saudiamp039s-biggest-debt-saga-sources The sources said Goldman bought TIBC’s debt after rulings in various jurisdictions Investment Bank Goldman, Bain, EBRD meet Turkish banks about problem loans -sources News Aggregation Team Friday, May 10, 2019 1:00 am http://mebankers.net/article/28854/goldman-bain-ebrd-meet-turkish-banks-about-problem-loans-sources A currency crisis saw the lira fall nearly 30 percent against the dollar last year. Investment Bank UAE’s Arqaam in merger talks with The National Investor News Aggregation Team Tuesday, May 07, 2019 1:00 am http://mebankers.net/article/28806/uaeamprsquos-arqaam-in-merger-talks-with-the-national-investor The investment banks are in merger talks that would create an entity with an equity value of about $250 million. Investment Bank QFB eyes US, Europe and other new markets News Aggregation Team Monday, April 29, 2019 1:00 am http://mebankers.net/article/28702/qfb-eyes-us-europe-and-other-new-markets “The new strategy which was approved about a few months ago, is all about strengthening the Bank’s performance and profitability for its shareholders, which is going to turnaround the Bank’s performance Investment Bank GIB converts Saudi branches into local bank with $2bn capital News Aggregation Team Wednesday, April 24, 2019 1:00 am http://mebankers.net/article/28638/gib-converts-saudi-branches-into-local-bank-with-2bn-capital The establishment of local arm is part of GIB’s strategy to strengthen its presence in the Saudi market. Investment Bank