Managers of Wealth - Middle East http://mebankers.net/ Wed, 15 Jul 2020 00:44:47 BST part of MediaG8way Group http://mebankers.net/ http://mebankers.net/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP QFB appoints new Acting CEO News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34798/qfb-appoints-new-acting-ceo The Board of Directors welcomed the appointment On the Move Sheikh Khalid Al Khalili to lead Al Ahlia Insurance Co. SAOG as the new Chairman News Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34803/sheikh-khalid-al-khalili-to-lead-al-ahlia-insurance-co-saog-as-the-new-chairman Al Ahlia continues to leverage the power of its established contactless digital platforms to serve customers by empowering them to adhere to social distancing norms laid out by the Supreme Committee dealing with COVID19. On the Move Maktoum bin Mohammed issues Decision appointing DFSA Board News Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34773/maktoum-bin-mohammed-issues-decision-appointing-dfsa-board The emirate’s diversified economy, flexible financial policies, openness to global markets and ability to meet the requirements of major financial institutions have been key drivers of Dubai’s growth as a global financial centre, he added. On the Move Mashreq appoints Aimee Peters as group head of marketing and corporate communications. News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34789/mashreq-appoints-aimee-peters-as-group-head-of-marketing-and-corporate-communications Aimee will oversee brand and marketing activities across the Group focusing on all markets where Mashreq has its presence. On the Move HSBC Bahrain names Christopher Russell as new CEO News Aggregation Team Sunday, July 12, 2020 1:00 am http://mebankers.net/article/34775/hsbc-bahrain-names-christopher-russell-as-new-ceo Russell joins HSBC Bahrain from HSBC New Zealand where he has been CEO since January 2016 On the Move Bain & Company announces new partner promotions News Team Friday, July 10, 2020 1:00 am http://mebankers.net/article/34752/bain-ampamp-company-announces-new-partner-promotions 45 individuals from 27 offices named to partnership in first half of 2020 On the Move Lockton Insurance Brokers UAE announces new appointments as it grows its UAE retail operation News Team Thursday, July 09, 2020 1:00 am http://mebankers.net/article/34737/lockton-insurance-brokers-uae-announces-new-appointments-as-it-grows-its-uae-retail-operation Khatib brings deep rooted experience of the region to the role, from first working for Deloitte ME in its consultancy division and subsequently joining Lockton MENA in 2012 engaging on key partnerships relating to strategic expansion projects On the Move Voya Investment Management Hires Tom Frost as Head of EMEA Insurance and Pension Solutions News Team Wednesday, July 08, 2020 1:00 am http://mebankers.net/article/34707/voya-investment-management-hires-tom-frost-as-head-of-emea-insurance-and-pension-solutions Tom’s addition expands on this success – providing our clients with a proven partner with a demonstrated track record of innovation, client focus and a solutions mind set. On the Move ODDO BHF AM appoints new Head of Sales News Team Wednesday, July 08, 2020 1:00 am http://mebankers.net/article/34708/oddo-bhf-am-appoints-new-head-of-sales Reza Yazdi as Head of Sales Middle East On the Move New board of directors appointed to run Lebanon’s ‘corrupt’ state power company News Aggregation Team Wednesday, July 08, 2020 1:00 am http://mebankers.net/article/34709/new-board-of-directors-appointed-to-run-lebanonamprsquos-amplsquocorruptamprsquo-state-power-company Prime Minister Hassan Diab promised the Lebanese people on Tuesday that they would see the results of government efforts to resolve the country’s financial chaos “in the coming weeks.” On the Move Vodafone Egypt deal delay beneficial: Expert News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34802/vodafone-egypt-deal-delay-beneficial-expert STC said it would extend the period again — to September — for the same reason. Legal, Tax, Regulation & Compliance Jersey agrees business initiatives with UAE News Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34805/jersey-agrees-business-initiatives-with-uae The webinar advised Jersey companies on how to do business in the UAE, and on the commercial opportunities available as its economy begins to rebuild following the Covid crisis. Legal, Tax, Regulation & Compliance COVID-19 relief: Saudi Arabia allows businesses to delay loan payments for a year News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34808/covid-19-relief-saudi-arabia-allows-businesses-to-delay-loan-payments-for-a-year Relief package extended to businesses that have signed up for relief programme Legal, Tax, Regulation & Compliance Turkey moving forward to broaden its Islamic finance base News Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34810/turkey-moving-forward-to-broaden-its-islamic-finance-base The statement comes as Islamic finance in Turkey, which is there called “participation banking,” is getting more and more traction in the country after its growth has been made a priority in economic planning by the government. Legal, Tax, Regulation & Compliance Strategic pension reforms rethink by Bahraini lawmakers News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34814/strategic-pension-reforms-rethink-by-bahraini-lawmakers Fate of 95,000 Bahraini pensioners and 140,000 Bahraini workers lies on these reforms Legal, Tax, Regulation & Compliance Wealth planning in the UAE: trust or foundation? News Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34815/wealth-planning-in-the-uae-trust-or-foundation Under common law, a trust is not a legal entity in its own right. Legal, Tax, Regulation & Compliance Dubai announces new economic stimulus package worth Dhs1.5 billion News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34778/dubai-announces-new-economic-stimulus-package-worth-dhs15-billion The government has launched many initiatives to support business sectors across the economy. Legal, Tax, Regulation & Compliance 1MBD scandal: Kuwait royal family member arrested for money laundering News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34779/1mbd-scandal-kuwait-royal-family-member-arrested-for-money-laundering Sheikh Sabah, business partner were arrested in connection with Malaysian corruption case Legal, Tax, Regulation & Compliance Turkey Revokes Experience Requirement for Central Bank Deputy Governor News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34783/turkey-revokes-experience-requirement-for-central-bank-deputy-governor The provision, which envisages 20% of the bank's annual profit to be reserved as a reserve fund, has been repealed, the same decree said. Legal, Tax, Regulation & Compliance Jordan presses sweeping tax evasion crackdown to aid ailing economy News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34784/jordan-presses-sweeping-tax-evasion-crackdown-to-aid-ailing-economy The government said it had frozen the assets of dozens of companies and businessmen on suspected tax evasion charges. Legal, Tax, Regulation & Compliance Khaleeji Commercial Bank launches its open banking services platform News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34795/khaleeji-commercial-bank-launches-its-open-banking-services-platform The platform is beneficial for clients in a way where they can define budgets, monitor payments, automate the classification of transactions and conduct a comprehensive analysis of deposits and expenses. Retail Banking Masraf Al Rayan half-yearly net profit surges to QR1.08bn News Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34811/masraf-al-rayan-half-yearly-net-profit-surges-to-qr108bn The new entity will have total equity of more than QR19bn and expected to contribute positively to the economic development in Qatar through financing development initiatives in line with Qatar’s 2030 vision. Retail Banking QIB launches new mobile app for its corporate customers News Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34774/qib-launches-new-mobile-app-for-its-corporate-customers With customer-centricity placed at the heart of QIB’s digital transformation, the bank found that its online platform is now largely used and praised by its corporate customers, which manage and approve the majority of their daily financial transact Retail Banking Banks in Egypt hedge against COVID-19 despite Q1 profit decline News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34777/banks-in-egypt-hedge-against-covid-19-despite-q1-profit-decline Financial statements from CIB showed that the bank's net profit fell 9% during Q1 of 2020, to about EGP 2.398bn. Retail Banking Egypt- Banque du Caire, Nile Pioneers cooperate to support SME exports News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34780/egypt-banque-du-caire-nile-pioneers-cooperate-to-support-sme-exports The accepted company must have been operating for over three years and possess an active workplace, a commercial registry, and a tax card. Retail Banking QNB's second-quarter profit falls after loan provisions more than double News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34788/qnbamp039s-second-quarter-profit-falls-after-loan-provisions-more-than-double The second-quarter figure was lower than EFG Hermes’ forecast of 3.316 billion riyals for QNB, which operates in more than 31 countries, including large operations in Turkey and Egypt. Retail Banking Saudi NCB announces completion of issuing additional Tier 1 Sukuk News Aggregation Team Friday, July 10, 2020 1:00 am http://mebankers.net/article/34750/saudi-ncb-announces-completion-of-issuing-additional-tier-1-sukuk The Bank mandated NCB Capital as sole book runner, lead arranger and lead manager for the private placement offer Retail Banking Bank of Sharjah announces financial results for the period ended 31 December2019 News Team Friday, July 10, 2020 1:00 am http://mebankers.net/article/34764/bank-of-sharjah-announces-financial-results-for-the-period-ended-31-december2019 The Bank's UAE operations have generated a Net Profit of AED 163 million for 2019 against AED 130 million for 2018. Retail Banking Al Salam Bank-Bahrain announces its virtual internship programme News Team Thursday, July 09, 2020 1:00 am http://mebankers.net/article/34733/al-salam-bank-bahrain-announces-its-virtual-internship-programme Long running internship programme aimed at shaping Bahrain's future banking leaders will be conducted virtually for the first time in light of COVID-19 Retail Banking Saudi banks witnessed improving profitability in Q1 2020 - A&M News Aggregation Team Thursday, July 09, 2020 1:00 am http://mebankers.net/article/34734/saudi-banks-witnessed-improving-profitability-in-q1-2020-aampampm Sector is likely to face a challenging environment due to COVID 19 headwind Retail Banking UAE wants to see a return of Libya's oil production with safeguards: minister News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34796/uae-wants-to-see-a-return-of-libyaamp039s-oil-production-with-safeguards-minister The Libyan National Oil Corporation said on Saturday that it would resume oil production and exports after a six-month shutdown Alternative Investments Ahead of the Dubai real estate pack News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34807/ahead-of-the-dubai-real-estate-pack Medallion Associates uses innovative solutions for bringing liquidity to the Dubai market Alternative Investments Crédit Agricole proud of about 50-year operation in Egypt: Country Managing Director News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34812/crampeacutedit-agricole-proud-of-about-50-year-operation-in-egypt-country-managing-director As one of the largest banks in France, Crédit Agricole is proud of its deep roots in Egypt that span around half a century. Alternative Investments Kuwait Finance House KSC : KFH “Top Primary Dealer” for IILM Sukuk Program in 2019 News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34785/kuwait-finance-house-ksc-kfh-ampldquotop-primary-dealeramprdquo-for-iilm-sukuk-program-in-2019 KFH`s top ranking confirms the confidence of investors. Alternative Investments Dubai Technology Tour to drive UAE-India collaboration in fintech News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34787/dubai-technology-tour-to-drive-uae-india-collaboration-in-fintech The Dubai Technology Tour, organised in partnership with Startup India and Mumbai Fintech Hub Alternative Investments Apex Launches UAE Corporate Solutions Business News Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34791/apex-launches-uae-corporate-solutions-business The addition of these services to its UAE operation enables the Group to deliver its single-source solution, covering the full value chain, to both new and existing clients. Alternative Investments UAE real estate sector braced for tough recovery in wake of Covid-19 News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34792/uae-real-estate-sector-braced-for-tough-recovery-in-wake-of-covid-19 More than 12,000 units were delivered in Q1, far below the 83,000 that were expected before the pandemic Alternative Investments Bridgestone announces mid-long term business strategy framework, sets new vision News Team Friday, July 10, 2020 1:00 am http://mebankers.net/article/34751/bridgestone-announces-mid-long-term-business-strategy-framework-sets-new-vision Company Signals Start of a New Chapter, Positions 2020 as Third Foundation Alternative Investments Damac Properties now hints at going back into full private ownership News Aggregation Team Friday, July 10, 2020 1:00 am http://mebankers.net/article/34753/damac-properties-now-hints-at-going-back-into-full-private-ownership Hussain Sajwani's Maple Invest could consider 100% ownership of developer Alternative Investments DMCC to expand its coffee and tea centres with target to triple output and boost Dubai trade News Team Friday, July 10, 2020 1:00 am http://mebankers.net/article/34754/dmcc-to-expand-its-coffee-and-tea-centres-with-target-to-triple-output-and-boost-dubai-trade DMCC commodity centres to be significantly expanded in line with increasing market demand and Dubai's strategic diversification Alternative Investments Creating Wealth: Taking successful business experience overseas through a joint venture News Team Wednesday, July 08, 2020 1:00 am http://mebankers.net/article/34728/creating-wealth-taking-successful-business-experience-overseas-through-a-joint-venture In order to ensure the venture was a success, they required help with legal, regulations and finances and in effective implementation of various governance, banking and accounting processes. Wealth & Asset Management Why the crisis is an opportunity for innovative private banks News Aggregation Team Sunday, July 05, 2020 1:00 am http://mebankers.net/article/34666/why-the-crisis-is-an-opportunity-for-innovative-private-banks Mashreq’s investment in digital is paying dividends today, says Vipul Kapur Wealth & Asset Management Covid-19 accelerates digital transformation at private banks News Aggregation Team Sunday, July 05, 2020 1:00 am http://mebankers.net/article/34667/covid-19-accelerates-digital-transformation-at-private-banks The pandemic has sparked dramatic changes in the wealth management industry Wealth & Asset Management 7 benefits of a UAE foundation News Team Monday, June 29, 2020 1:00 am http://mebankers.net/article/34586/7-benefits-of-a-uae-foundation An independent legal entity, foundations provide the founder with an opportunity to consolidate their wealth in one vehicle at the same time Wealth & Asset Management Pausing For Breath News Team Monday, June 29, 2020 1:00 am http://mebankers.net/article/34588/pausing-for-breath Economic data has generally been better than market expectations. Wealth & Asset Management Gold nears eight-year high as second coronavirus wave fears grow News Team Thursday, June 25, 2020 1:00 am http://mebankers.net/article/34527/gold-nears-eight-year-high-as-second-coronavirus-wave-fears-grow "The combination of negative real yields and the prospect of an inflation surge due to massively increased money supply is sending prices higher,” adds Wilson. Wealth & Asset Management National Bank of Oman Wins Highly Acclaimed ‘Best Private Bank, Middle East’ Award From the Global Private Banking Innovation Awards 2020 News Aggregation Team Tuesday, June 23, 2020 1:00 am http://mebankers.net/article/34501/national-bank-of-oman-wins-highly-acclaimed-amplsquobest-private-bank-middle-eastamprsquo-award-from-the-global-private-banking-innovation-awards-2020 National Bank of Oman (NBO) has been granted the Highly Acclaimed: Best Private Bank, Middle East Award from Digital Banker’s Global Private Banking Innovation Awards 2020. Wealth & Asset Management Goldman Sachs raises 12-month gold price forecast to $2,000 News Aggregation Team Friday, June 19, 2020 1:00 am http://mebankers.net/article/34458/goldman-sachs-raises-12-month-gold-price-forecast-to-2000 Goldman has also raised the three-month and six-month price forecasts to $1,800 and $1,900, respectively, from the previous projection of $$1,600 and $1,650. Wealth & Asset Management Acumennet eFX launched for full management of Foreign Exchange Risk at Treasury Operations News Team Thursday, June 18, 2020 1:00 am http://mebankers.net/article/34448/acumennet-efx-launched-for-full-management-of-foreign-exchange-risk-at-treasury-operations Acumennet eFX can be deployed as stand-alone or as part of the award-winning Treasury platform Acumennet whilst it can be deployed on-premises or in the cloud. Wealth & Asset Management Arlo Wealth launches Global Investment Account for the international market News Aggregation Team Tuesday, June 09, 2020 1:00 am http://mebankers.net/article/34307/arlo-wealth-launches-global-investment-account-for-the-international-market Boutique wealth management firm Arlo Wealth has launched a new, flexible investment plan for the international market. Wealth & Asset Management Digital Wealth Management: Artificial Intelligence to Accelerate Value Creation News Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34794/digital-wealth-management-artificial-intelligence-to-accelerate-value-creation AI ​​makes it possible to use algorithms to build predictive scenarios to support the investment process. FinTech How will new fintech companies change the payment landscape? News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34800/how-will-new-fintech-companies-change-the-payment-landscape The average consumer now makes 70 transactions a month FinTech Skycap's flagship program of US$150 M global FinTech investment on the roadmap News Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34781/skycapamp039s-flagship-program-of-us150-m-global-fintech-investment-on-the-roadmap Dubai-based global advisory and financial management services firm to offer equity shares in FinTech platform FinTech Qatar banks investing in AI-powered protections to filter malware, phishing threats: KPMG News Aggregation Team Friday, July 10, 2020 1:00 am http://mebankers.net/article/34761/qatar-banks-investing-in-ai-powered-protections-to-filter-malware-phishing-threats-kpmg General phishing attacks are typically caused by script kiddies profiles FinTech FinTech can help the Islamic finance sector to innovate and grow News Aggregation Team Friday, July 10, 2020 1:00 am http://mebankers.net/article/34769/fintech-can-help-the-islamic-finance-sector-to-innovate-and-grow The wider adoption of technology could simplify the Islamic finance sector and help it attract more digital-savvy millennials FinTech Real estate payments using Bitcoin on the rise in Dubai News Aggregation Team Friday, July 10, 2020 1:00 am http://mebankers.net/article/34770/real-estate-payments-using-bitcoin-on-the-rise-in-dubai Therefore, a workaround was created by Huobi, a Singaporean crypto exchange in collaboration with fan Properties. FinTech Dubai Startup Hub and Dtec select winners for phase one of EDP News Aggregation Team Thursday, July 09, 2020 1:00 am http://mebankers.net/article/34726/dubai-startup-hub-and-dtec-select-winners-for-phase-one-of-edp 30 Emirati entrepreneurs took part; the top 5 winners received one-on-one mentorship support FinTech One fifth of Middle East bank holders now use FinTech solutions News Aggregation Team Thursday, July 09, 2020 1:00 am http://mebankers.net/article/34729/one-fifth-of-middle-east-bank-holders-now-use-fintech-solutions So the market is ripe for a FinTech boom, but penetration and maturity remain remarkably low. FinTech COVID-19 accelerates Bahrain banks' digital transformation. News Aggregation Team Thursday, July 09, 2020 1:00 am http://mebankers.net/article/34742/covid-19-accelerates-bahrain-banksamp039-digital-transformation Digital Transformation big changes to the bahrain due to the pandemic. FinTech Halal angel network teams up with UK Fintech News Aggregation Team Thursday, July 09, 2020 1:00 am http://mebankers.net/article/34745/halal-angel-network-teams-up-with-uk-fintech When looking at the $5 trillion halal market, we want to make sure our business is global, which means picking a global partner. That’s why we chose Delio. FinTech Turkey moving forward to broaden its Islamic finance base News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34801/turkey-moving-forward-to-broaden-its-islamic-finance-base A Fitch Ratings report issued back in March showed that growth in Turkish participation banking has already surpassed growth of conventional banks in the country in recent years. Islamic Finance Abu Dhabi Islamic bank provides exclusive offers to healthcare workers News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34786/abu-dhabi-islamic-bank-provides-exclusive-offers-to-healthcare-workers These offers include a reduction on the profit rate and pricing discounts on some of the bank’s financial products Islamic Finance Saudi Central Banker Says ‘Too Early’ to Call Recovery V-Shaped News Aggregation Team Tuesday, July 07, 2020 1:00 am http://mebankers.net/article/34699/saudi-central-banker-says-amplsquotoo-earlyamprsquo-to-call-recovery-v-shaped Believe in the resilience of the Saudi economy Islamic Finance UAE- Sharjah Islamic Bank records 55% increase in use of online services News Aggregation Team Tuesday, July 07, 2020 1:00 am http://mebankers.net/article/34702/uae-sharjah-islamic-bank-records-55-increase-in-use-of-online-services Sharjah Islamic Bank offers a full package of online services through its official website and through its mobile banking solution which supports online payments through Samsung Pay or Apple Pay. Islamic Finance Emirates Islamic named ‘Islamic Bank of the Year – UAE 2020’ by The Banker News Aggregation Team Monday, July 06, 2020 1:00 am http://mebankers.net/article/34682/emirates-islamic-named-amplsquoislamic-bank-of-the-year-ampndash-uae-2020amprsquo-by-the-banker Salah Amin, Chief Executive Officer, Emirates Islamic said: “At Emirates Islamic, we are extremely pleased to be named ‘Islamic Bank of the Year – UAE 2020’ by Financial Times’ The Banker publication." Islamic Finance ADIB records surge in demand for digital banking services News Team Sunday, July 05, 2020 1:00 am http://mebankers.net/article/34668/adib-records-surge-in-demand-for-digital-banking-services These statistics indicate a fundamental shift in customer behavior, and an increase in demand for a convenient and contactless banking experience Islamic Finance Dubai Islamic Bank lists $300m sukuk on Nasdaq Dubai News Aggregation Team Wednesday, July 01, 2020 1:00 am http://mebankers.net/article/34620/dubai-islamic-bank-lists-300m-sukuk-on-nasdaq-dubai There is a total of $71.09bn sukuk now listed on the exchange Islamic Finance UAE Islamic Banks: 2019 Results Dashboard News Aggregation Team Tuesday, June 30, 2020 1:00 am http://mebankers.net/article/34609/uae-islamic-banks-2019-results-dashboard The financing impairment charges/average gross financing ratio increased significantly Islamic Finance QFTH open to include Islamic fintechs, SMEs in first wave of IAP News Aggregation Team Monday, June 29, 2020 1:00 am http://mebankers.net/article/34587/qfth-open-to-include-islamic-fintechs-smes-in-first-wave-of-iap QFTH has started receiving applications from entities that are looking for a launch-pad in the Middle East to accelerate their growth. Islamic Finance Dubai Islamic Bank sells $300mln in 2026 sukuk reopening, document shows News Aggregation Team Wednesday, June 24, 2020 1:00 am http://mebankers.net/article/34509/dubai-islamic-bank-sells-300mln-in-2026-sukuk-reopening-document-shows It set final price guidance at 240-245 basis points over midswaps, tightening from initial price guidance of around 250 bps Islamic Finance UAE investors worried about savings, looking for guidance - UBS News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34799/uae-investors-worried-about-savings-looking-for-guidance-ubs Most of the wealthy in the UAE plan to change their lifestyles, a survey shows Research, Comment and Analysis Government of Sharjah hires banks for 30-yr Formosa bonds - document News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34806/government-of-sharjah-hires-banks-for-30-yr-formosa-bonds-document The 30 years duration and the Formosa market would allow Sharjah to tap a new investor base. Research, Comment and Analysis Banks’ profitability not hit by CBB Covid-19 measures News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34809/banksamprsquo-profitability-not-hit-by-cbb-covid-19-measures Bahrain Association of Banks (BAB) legal and regulatory framework committee chairman Dr Adel Al Basha said in a statement yesterday Research, Comment and Analysis Trust funds for all News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34813/trust-funds-for-all Extreme inequality and low intergenerational mobility pose an existential threat to market capitalism Research, Comment and Analysis Mohammed bin Talal Al-Nahhas, governor of the Saudi Public Pension Agency News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34782/mohammed-bin-talal-al-nahhas-governor-of-the-saudi-public-pension-agency He also actively participated in the implementation of several administrative programs related to the management of human capital. Research, Comment and Analysis Bank Nizwa empowers Omani talents in Islamic finance with training News Aggregation Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34790/bank-nizwa-empowers-omani-talents-in-islamic-finance-with-training All e-learning programmes shared with the employees come from the most reputable providers with high credibility. Research, Comment and Analysis Is Anyone Listening to Dr Fauci? by Gary Dugan News Team Monday, July 13, 2020 1:00 am http://mebankers.net/article/34793/is-anyone-listening-to-dr-fauci-by-gary-dugan Banks globally have rightfully won plaudits for learning the harsh lessons of 2009 by shoring up their balance sheets and generally dealing with risk and leverage more sensibly this time around. Research, Comment and Analysis Bank of Sharjah posts Dh488m 2019 loss from Lebanese subsidiary News Aggregation Team Friday, July 10, 2020 1:00 am http://mebankers.net/article/34760/bank-of-sharjah-posts-dh488m-2019-loss-from-lebanese-subsidiary UAE operations generated a net profit of Dh163m, up 25 per cent year on year Research, Comment and Analysis Kuwait’s budget crunch may push it to tap fund for life after oil News Aggregation Team Thursday, July 09, 2020 1:00 am http://mebankers.net/article/34744/kuwaitamprsquos-budget-crunch-may-push-it-to-tap-fund-for-life-after-oil The nation is running a deficit that could reach 40% of its economy this year Research, Comment and Analysis Qatar Airways now requires passengers to wear face shields as well as masks News Aggregation Team Wednesday, July 08, 2020 1:00 am http://mebankers.net/article/34718/qatar-airways-now-requires-passengers-to-wear-face-shields-as-well-as-masks Only those in business class will be exempt Research, Comment and Analysis Dubai business conditions show signs of improving as city emerges from lockdown News Aggregation Team Thursday, July 09, 2020 1:00 am http://mebankers.net/article/34747/dubai-business-conditions-show-signs-of-improving-as-city-emerges-from-lockdown Non-oil private sector activity in the Middle East’s business hub improved for the first time. Investment Bank Citi targets more growth in Saudi Arabia after adding over 20 bankers in two years News Aggregation Team Friday, July 03, 2020 1:00 am http://mebankers.net/article/34661/citi-targets-more-growth-in-saudi-arabia-after-adding-over-20-bankers-in-two-years David Livingstone told a conference on Thursday that while there was no set time-table for the lender to obtain a full banking licence in Saudi Arabia, the outlook for financial sector activity is positive. Investment Bank Sharjah's Invest Bank to tap reserves to offset Dh.2.2b accumulated losses News Aggregation Team Tuesday, June 16, 2020 1:00 am http://mebankers.net/article/34392/sharjahamp039s-invest-bank-to-tap-reserves-to-offset-dh22b-accumulated-losses It will take a combined Dh901.36m form special and legal reserves to do so Investment Bank Bank of America takes stake in Dubai's Emirates NBD News Aggregation Team Tuesday, June 09, 2020 1:00 am http://mebankers.net/article/34303/bank-of-america-takes-stake-in-dubaiamp039s-emirates-nbd The North Carolina-based bank is believed to have bought 100 million shares - about 1.51% - of Emirates NBD Investment Bank SHUAA steps up support to address frozen credit markets with its strengthened corporate restructuring and financial services News Team Wednesday, June 03, 2020 1:00 am http://mebankers.net/article/34220/shuaa-steps-up-support-to-address-frozen-credit-markets-with-its-strengthened-corporate-restructuring-and-financial-services SHUAA brings track-record of structuring and investing over US$ 4 billion of debt deals Investment Bank Natixis opens investment banking office in Saudi Arabia News Aggregation Team Monday, June 01, 2020 1:00 am http://mebankers.net/article/34171/natixis-opens-investment-banking-office-in-saudi-arabia Western financial institutions have been seeking opportunities in Saudi Arabia Investment Bank Boost of US$ 100 million from EBRD to Turkey’s Yapi Kredi News Team Sunday, May 17, 2020 1:00 am http://mebankers.net/article/33963/boost-of-us-100-million-from-ebrd-to-turkeyamprsquos-yapi-kredi The EBRD stands ready to provide support worth €21 billion over the 2020-21 period. Investment Bank Egypt- NBE, EG Bank, AIB arrange syndicated EGP 650m loan to Misr Italia properties News Aggregation Team Thursday, May 14, 2020 1:00 am http://mebankers.net/article/33943/egypt-nbe-eg-bank-aib-arrange-syndicated-egp-650m-loan-to-misr-italia-properties The loan arrangement also looks to raise infrastructural efficiency to meet the requirements of companies looking to seize investment opportunities in Egypt. Investment Bank EBRD €100 million financing to Turkey’s QNB Finansbank for trade finance and SMEs News Aggregation Team Thursday, May 14, 2020 1:00 am http://mebankers.net/article/33946/ebrd-ampeuro100-million-financing-to-turkeyamprsquos-qnb-finansbank-for-trade-finance-and-smes The other half will be on-lent to local companies suffering from the negative economic consequences of the Covid-19 outbreak. Investment Bank JPMorgan sees more Gulf companies linking up but no liquidity crunch News Aggregation Team Wednesday, May 13, 2020 1:00 am http://mebankers.net/article/33923/jpmorgan-sees-more-gulf-companies-linking-up-but-no-liquidity-crunch The region had entered 2020 with strong finances and, after an initial phase of assessing liquidity needs, companies and governments are now looking more strategically at potential opportunities Investment Bank Bahrain adds $470m in expenditures to 2020 budget for coronavirus impact News Aggregation Team Tuesday, July 14, 2020 1:00 am http://mebankers.net/article/34797/bahrain-adds-470m-in-expenditures-to-2020-budget-for-coronavirus-impact The decrees also announced a temporary halt to the allocation of oil revenues to the FGF until the end of 2020. Covid-19 Saudi Arabia spends more than $57 billion on coronavirus stimulus News Aggregation Team Thursday, July 09, 2020 1:00 am http://mebankers.net/article/34731/saudi-arabia-spends-more-than-57-billion-on-coronavirus-stimulus Businesses also received help in the form of extra time to file tax and zakat returns, while families on low incomes were given support in sectors that were hard hit such as ride-hailing transport services. Covid-19 COVID-19 relief: Dubai extends rent-free period for over 1,000 commercial tenants News Aggregation Team Tuesday, July 07, 2020 1:00 am http://mebankers.net/article/34691/covid-19-relief-dubai-extends-rent-free-period-for-over-1000-commercial-tenants Emergency relief estimated to be worth around $54 million Covid-19 COVID-19: Dubai resident used a microwave to disinfect his cash News Aggregation Team Monday, July 06, 2020 1:00 am http://mebankers.net/article/34683/covid-19-dubai-resident-used-a-microwave-to-disinfect-his-cash Dubai Police urged residents to always disinfect their money in correct and proper manner Covid-19 This is how the future work place will look post COVID-19 News Aggregation Team Friday, July 03, 2020 1:00 am http://mebankers.net/article/34648/this-is-how-the-future-work-place-will-look-post-covid-19 For companies to retain valuable talent, a flexible work environment is a key driver Covid-19 Qatar’s diversified supply chain proven effective during pandemic, says Al Sayed News Aggregation Team Friday, July 03, 2020 1:00 am http://mebankers.net/article/34650/qataramprsquos-diversified-supply-chain-proven-effective-during-pandemic-says-al-sayed The roundtable also featured other international trade leaders including experts from the United Nations on Trade and Development and World Economic Forum, as well as representatives from the pharmaceutical, food and beverages, and logistics sector Covid-19 New M&A Wave Seen for Gulf Banks Trying to Outrun Virus Slowdown News Aggregation Team Thursday, July 02, 2020 1:00 am http://mebankers.net/article/34638/new-mampampa-wave-seen-for-gulf-banks-trying-to-outrun-virus-slowdown The Saudi deal is also being driven the desire to create a regional champion and other lenders “may be forced to respond.” Covid-19 Middle East sees M&A activity boom despite Covid-19 crisis News Aggregation Team Monday, June 29, 2020 1:00 am http://mebankers.net/article/34567/middle-east-sees-mampampa-activity-boom-despite-covid-19-crisis Sovereign wealth funds including Saudi Arabia’s Public Investment Fund are deploying billions of dollars to buy stakes in companies ranging from Facebook Inc. to Citigroup Inc. to take advantage of a downturn in prices. Covid-19 International tourist arrivals in Middle East drops by 40% News Aggregation Team Friday, June 26, 2020 1:00 am http://mebankers.net/article/34556/international-tourist-arrivals-in-middle-east-drops-by-40 The World Tourism Organisation looked at data between January and April Covid-19 Saudi Arabia: Expat residents not allowed entry until coronavirus crisis ends News Aggregation Team Thursday, June 25, 2020 1:00 am http://mebankers.net/article/34529/saudi-arabia-expat-residents-not-allowed-entry-until-coronavirus-crisis-ends “In case a resident is outside the kingdom, the mechanism for extending the exit and return visa will be announced through official channels after the end of the coronavirus pandemic crisis,” the authority reported. Covid-19