Managers of Wealth - Middle East http://mebankers.net/ Sun, 29 Nov 2020 23:38:52 GMT part of MediaG8way Group http://mebankers.net/ http://mebankers.net/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP Maha Rashad named head of Simon-Kucher's office in Egypt News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36853/maha-rashad-named-head-of-simon-kucheramp039s-office-in-egypt Leveraging her over 15 years of industry expertise in driving commercial transformation across Middle East and Africa, Rashad now takes the helm of Simon-Kucher’s office in Cairo. On the Move Al Rajhi Bank names new chairman, vice chairman News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36861/al-rajhi-bank-names-new-chairman-vice-chairman The board also named Ibrahim bin Mohammed Al Romaih as the Vice Chairman On the Move MEEZA appoints Eng. Ahmad Abdulla Al Muslemani as CEO News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36838/meeza-appoints-eng-ahmad-abdulla-al-muslemani-as-ceo Al Muslemani holds two Master’s degrees one of which is in communication systems from the Swiss Institute of Technology and the other in Management from HEC Paris. On the Move Former Goldman Sachs Exec Elisha Wiesel Joins Tel Aviv based Fintech The Floor as New CIO News Aggregation Team Wednesday, November 25, 2020 12:00 am http://mebankers.net/article/36819/former-goldman-sachs-exec-elisha-wiesel-joins-tel-aviv-based-fintech-the-floor-as-new-cio While working at Goldman Sachs, Wiesel held senior Wall Street banking executive roles for more than 2 decades. On the Move Bodour Al Qasimi, first Arab woman to be appointed president of the International Publishers Association News Team Tuesday, November 24, 2020 12:00 am http://mebankers.net/article/36790/bodour-al-qasimi-first-arab-woman-to-be-appointed-president-of-the-international-publishers-association First Arab woman and second, globally, to helm the prestigious organisation On the Move Gulf Capital appoints Managing Director of Fundraising and Investor Relations News Aggregation Team Tuesday, November 24, 2020 12:00 am http://mebankers.net/article/36800/gulf-capital-appoints-managing-director-of-fundraising-and-investor-relations During his career, Kaiser has personally raised significantly over USD1 billion in institutional capital from Limited Partners including pension funds, endowments, family offices and sovereign wealth funds across Europe and the Middle East for private mar On the Move Dubai developer Nakheel appoints new CEO News Aggregation Team Monday, November 23, 2020 12:00 am http://mebankers.net/article/36766/dubai-developer-nakheel-appoints-new-ceo Naaman Atallah, the former CEO of Piramal Realty in India, has been appointed to the role On the Move QIC group appoints Hasan al-Lawati as CEO of its subsidiary OQIC News Aggregation Team Thursday, November 19, 2020 12:00 am http://mebankers.net/article/36736/qic-group-appoints-hasan-al-lawati-as-ceo-of-its-subsidiary-oqic An industry veteran, and an Associate of the Chartered Insurance Institute (ACII) in the UK, he is also a member of the board of the Oman Insurance Association (OIA) and the Finance and Insurance Committee at the Oman Chamber of Commerce. On the Move Micro Focus appoints new head of Emerging Markets News Aggregation Team Thursday, November 19, 2020 12:00 am http://mebankers.net/article/36745/micro-focus-appoints-new-head-of-emerging-markets Anas Jwaied is Micro Focus new vice president and general manager for Emerging Markets On the Move Standard Chartered announces key appointments News Team Wednesday, November 18, 2020 12:00 am http://mebankers.net/article/36715/standard-chartered-announces-key-appointments The new structures and related appointments are effective on 1 January, 2021. On the Move Top US consultancy withdraws from 'crucial' central bank work News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36854/top-us-consultancy-withdraws-from-amp039crucialamp039-central-bank-work The pegging was managed by the central bank borrowing from private banks, who depended on depositors attracted by huge interest rates of up to 14%. Legal, Tax, Regulation & Compliance Banque Misr, NBE acquire 40% of stocks of Western Union's representative in Egypt News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36855/banque-misr-nbe-acquire-40-of-stocks-of-western-unionamp039s-representative-in-egypt Chairman of the National Bank of Egypt Hisham Okasha said that the move comes within the bank’s efforts to merge customers targeted into the banking sector as well as using official means for transferring funds in order to increase the flow of forei Legal, Tax, Regulation & Compliance Egypt’s central bank issues LE 21B on T-bills Thursday News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36859/egyptamprsquos-central-bank-issues-le-21b-on-t-bills-thursday Egypt's 2020/2021 draft budget aims to reduce public debt of GDP to 82.7 percent by end of June 2021, up from earlier target of 82.5 percent by the end of June 2020 and to 77.5 percent by the end of June 2022. Legal, Tax, Regulation & Compliance Egypt to Issue First Sovereign Islamic Sukuk News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36860/egypt-to-issue-first-sovereign-islamic-sukuk Generally known by their Arabic name, sukuk are financial products compliant with Shari’a law. Legal, Tax, Regulation & Compliance Egypt banks step up anti-virus efforts News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36867/egypt-banks-step-up-anti-virus-efforts The federation's latest plan includes a follow-up on alternative workplaces to allow departments to continue working in cases of forced interruption. Legal, Tax, Regulation & Compliance Dubai Court orders whopping Dh1.6b compensation to founder of Tameer Real Estate Company News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36870/dubai-court-orders-whopping-dh16b-compensation-to-founder-of-tameer-real-estate-company Experts' panel finds in favour of Omar Ayesh, who built one of the tallest towers in Dubai Legal, Tax, Regulation & Compliance Bank CEOs welcome TESS extension by CBUAE News Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36832/bank-ceos-welcome-tess-extension-by-cbuae Governor of the Central Bank of the UAE commenced the meeting by recognizing and thanking all CEO's and their staff Legal, Tax, Regulation & Compliance QFC unveils policy statement on licensing new global law firms News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36841/qfc-unveils-policy-statement-on-licensing-new-global-law-firms The policy further stipulates that while exemptions may be made, subject to the QFC Authority’s absolute discretion Legal, Tax, Regulation & Compliance Turkey Dismantles Another Key Policy to Cool Lending Boom News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36837/turkey-dismantles-another-key-policy-to-cool-lending-boom Banking regulator repeals asset-ratio rule at the end of 2020 Legal, Tax, Regulation & Compliance Turkish central bank raises swap auction limit to 60% News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36844/turkish-central-bank-raises-swap-auction-limit-to-60 The new regulation will give banks more room for lira and currency liquidity management. Legal, Tax, Regulation & Compliance Emirates NBD unveils next-generation global corporate banking platform, ‘businessONLINE’ News Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36852/emirates-nbd-unveils-next-generation-global-corporate-banking-platform-amplsquobusinessonlineamprsquo Clients can undertake cross-border transactions seamlessly, access a consolidated view of their balances across regions and currencies, and make the most of tailor-made advice for their business needs. Retail Banking Bank ABC's 4th MEA Fintech Forum highlights the trust of Financial Services Leaders in Digital as the recovery path for future banking News Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36831/bank-abcamp039s-4th-mea-fintech-forum-highlights-the-trust-of-financial-services-leaders-in-digital-as-the-recovery-path-for-future-banking Held under the patronage of the Central Bank of Bahrain and hosted by Bank ABC, the Forum brought together Financial regulators, regional baking CEOs and heads of challenger banks who were joined by leading international experts and over 2000 delegates on Retail Banking Ithmaar Bank stresses digital brand protection News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36836/ithmaar-bank-stresses-digital-brand-protection Ithmaar Bank is committed to becoming the Islamic retail bank of choice Retail Banking Moody’s reconfirms long-term deposit rating of QIB at ‘A1’ with a ‘stable’ outlook News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36840/moodyamprsquos-reconfirms-long-term-deposit-rating-of-qib-at-amplsquoa1amprsquo-with-a-amplsquostableamprsquo-outlook QIB has reported strong profitability which has been broadly stable in the 1.4%-1.7% return on tangible assets, supported by the strong growth of the bank, which itself reflects the increasing penetration of Sharia compliant assets in Qatar. Retail Banking Huge rise in Commercial Bank contactless card taps News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36846/huge-rise-in-commercial-bank-contactless-card-taps We are one of the largest issuers in this market. Retail Banking Commercial Bank and Qatar University award creative competition winners News Aggregation Team Wednesday, November 25, 2020 12:00 am http://mebankers.net/article/36814/commercial-bank-and-qatar-university-award-creative-competition-winners Qatar University students were requested to come up with an idea of how to use the allocated space at the Commercial Bank branch at Qatar University Metro Station, name their project, and pitch in their ideas. Retail Banking Infibeam eyes lion’s share of e-commerce payments in Oman; to process transactions for its biggest bank News Aggregation Team Wednesday, November 25, 2020 12:00 am http://mebankers.net/article/36817/infibeam-eyes-lionamprsquos-share-of-e-commerce-payments-in-oman-to-process-transactions-for-its-biggest-bank Digital payments and e-commerce technology platform company Infibeam Avenues, which had forayed into Oman last month partnering with its Bank Dhofar to process online payments for its customers, is aggressively tapping into the market further. Retail Banking RT Bank chairwoman awarded prestigious award in UAE for business acumen News Aggregation Team Wednesday, November 25, 2020 12:00 am http://mebankers.net/article/36825/rt-bank-chairwoman-awarded-prestigious-award-in-uae-for-business-acumen RT Bank started its operations in July 2001 as a locally owned, independent bank primarily servicing the Kurdistan Region. Retail Banking NBK provides the Visa Infinite Credit Card to Privilege Banking Customers News Team Tuesday, November 24, 2020 12:00 am http://mebankers.net/article/36806/nbk-provides-the-visa-infinite-credit-card-to-privilege-banking-customers Al-Nusif: NBK Credit Cards give our customers a unique lifestyle and meet all their needs Retail Banking UnionPay Partners with Abu Dhabi Islamic Bank to Enable Contactless Payment on 15,000 Terminals throughout UAE News Team Tuesday, November 24, 2020 12:00 am http://mebankers.net/article/36802/unionpay-partners-with-abu-dhabi-islamic-bank-to-enable-contactless-payment-on-15000-terminals-throughout-uae The payment services available include UnionPay contactless payment through UnionPay chip cards and Mobile QuickPass payment interfaces such as Apple Pay, Huawei Pay. Retail Banking Sarwa Capital announces closing of its EGP 2.5bn inaugural Sukuk issuance News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36857/sarwa-capital-announces-closing-of-its-egp-25bn-inaugural-sukuk-issuance The proceeds will be used for further expansion of Contact Credit and its affiliate companies. Alternative Investments Qatar may attract FDI through PPP initiatives to meet healthcare sector demand: Alpen Capital News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36862/qatar-may-attract-fdi-through-ppp-initiatives-to-meet-healthcare-sector-demand-alpen-capital According to Alpen Capital, Qatar has already introduced compulsory health insurance for residents, enabling them to access affordable services at private facilities as well. Alternative Investments Gulf bonds likely to set new record in 2021 amid budget squeeze News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36864/gulf-bonds-likely-to-set-new-record-in-2021-amid-budget-squeeze The oil-rich region saw a second consecutive year of record international bonds, topping $100 billion, as issuers' finances were battered by the COVID-19 pandemic along with low oil prices, with a few issues still possible before year-end Alternative Investments Saudi Aramco’s $8 bln bond issue attracts 150 investors, says official News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36868/saudi-aramcoamprsquos-8-bln-bond-issue-attracts-150-investors-says-official Saudi Aramco announced yesterday, Nov. 25, the successful completion of $8 billion senior, dollar-denominated bonds, unsecured by assets under its Global Medium-Term Note (GMTN) Program, data compiled by Argaam showed. Alternative Investments Qatari investment body to acquire 10% share in Borsa Istanbul News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36869/qatari-investment-body-to-acquire-10-share-in-borsa-istanbul The two countries on Thursday signed a total of 10 new deals to further advance their relations. Alternative Investments QE's benchmark index surges 180 points in a week News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36872/qeamp039s-benchmark-index-surges-180-points-in-a-week Among the top losers, Dlala Brokerage & Investment Holding Company fell 4.7 percent, while Mazaya Real Estate Development was down 3.3 percent. Alternative Investments Abu Dhabi’s Mubadala seeks Israeli tech, investment partners News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36833/abu-dhabiamprsquos-mubadala-seeks-israeli-tech-investment-partners Since the UAE and Israel agreed to normalize relations in August, the two countries have signed a host of accords to boost economic and business ties Alternative Investments Turkey’s economy expected to grow 4.8% year-on-year in Q3 News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36835/turkeyamprsquos-economy-expected-to-grow-48-year-on-year-in-q3 Turkey has recently imposed new measures to combat the coronavirus outbreak, as new daily symptomatic cases and deaths reached record levels in recent days. Alternative Investments Why GCC bank profits will remain under stress despite Q3 revival? News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36839/why-gcc-bank-profits-will-remain-under-stress-despite-q3-revival Shrinking interest margins and higher provisions continue to hurt bank earnings Alternative Investments UAE’s October and November Capital market performances and two strong movers News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36843/uaeamprsquos-october-and-november-capital-market-performances-and-two-strong-movers The Dubai benchmark has gained for the past four sessions in a row. Alternative Investments Arab billionaires' fortunes jump $11bln despite the pandemic - Forbes News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36848/arab-billionairesamp039-fortunes-jump-11bln-despite-the-pandemic-forbes The list was headed by Algerian billionaire Issad Rebrab & family, the world's richest Arab Nassef Sawiris, and Moroccan Aziz Akhannouch & family Wealth & Asset Management New steps are needed to improve sovereign debt workouts News Team Wednesday, November 25, 2020 12:00 am http://mebankers.net/article/36808/new-steps-are-needed-to-improve-sovereign-debt-workouts They have encouraged private lenders to follow suit—albeit with little success. Wealth & Asset Management The Evolution of Wealth Management in the Middle East News Aggregation Team Wednesday, November 25, 2020 12:00 am http://mebankers.net/article/36818/the-evolution-of-wealth-management-in-the-middle-east Are wealthy clients remediating older structures, with the arrival of the CRS, economic substance and soon Mandatory Disclosure Rules? Wealth & Asset Management Wealthy Gulf families are now taking lessons from kids on responsible investing News Aggregation Team Tuesday, November 24, 2020 12:00 am http://mebankers.net/article/36805/wealthy-gulf-families-are-now-taking-lessons-from-kids-on-responsible-investing Environmentally sound investments now figure prominently in these decisions Wealth & Asset Management How has the wealth management space fared in the GCC? News Aggregation Team Monday, November 23, 2020 12:00 am http://mebankers.net/article/36768/how-has-the-wealth-management-space-fared-in-the-gcc Similar to wealth, wealth management has gone through layers of evolution to become a specialised investment advisory service Wealth & Asset Management QNB named Best Private Bank News Aggregation Team Wednesday, November 18, 2020 12:00 am http://mebankers.net/article/36727/qnb-named-best-private-bank Winning the awards is a clear recognition of QNB’s successful model to create greater value to its customers as it grows stronger thanks to its focus on customer experience in local and international markets Wealth & Asset Management Digital wealth manager StashAway officially launched in the United Arab Emirates News Aggregation Team Monday, November 16, 2020 12:00 am http://mebankers.net/article/36665/digital-wealth-manager-stashaway-officially-launched-in-the-united-arab-emirates StashAway co-founder and CEO Michele Ferrario said when it realised that the gap in wealth management options also exists in MENA, it was an obvious decision to expand its services, starting with earning our license in the DIFC. Wealth & Asset Management Julius Baer in Dubai moves to a new flagship address in the Dubai International Financial Centre News Team Thursday, November 12, 2020 12:00 am http://mebankers.net/article/36634/julius-baer-in-dubai-moves-to-a-new-flagship-address-in-the-dubai-international-financial-centre The contemporary corporate workspace designed with sustainability in mind has an expansive client reception area with seven meeting rooms and three boardrooms with state-of-the-art facilities and excellent infrastructure Wealth & Asset Management Qatar Airways launches unbundled 'basic business' fare News Aggregation Team Wednesday, November 11, 2020 12:00 am http://mebankers.net/article/36612/qatar-airways-launches-unbundled-amp039basic-businessamp039-fare Traditional perks such as airport lounge access are now sold separately on some Qatar Airways business class tickets. Wealth & Asset Management Middle East businesses must take succession planning to protect an estimated US$1 trillion worth of assets News Team Wednesday, November 11, 2020 12:00 am http://mebankers.net/article/36614/middle-east-businesses-must-take-succession-planning-to-protect-an-estimated-us1-trillion-worth-of-assets A leading financial advisor urges UAE's business owners to undertake proper business succession policies to protect their hard-earned assets from getting out of hand due to death, disability or other uncertainties Wealth & Asset Management FinTech Abu Dhabi Festival 2020 concludes with largest edition yet News Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36858/fintech-abu-dhabi-festival-2020-concludes-with-largest-edition-yet The Awards elevate grassroots talent and celebrate the boldest ideas and initiatives driving the industry. FinTech Saudi Arabia joins forces with four nations to launch Digital Cooperation Organization News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36865/saudi-arabia-joins-forces-with-four-nations-to-launch-digital-cooperation-organization The DCO aims to strengthen collaboration among member nations as they adapt to a global economy increasingly defined by technological innovation FinTech Qatar Islamic Bank launches new features on mobile app News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36866/qatar-islamic-bank-launches-new-features-on-mobile-app With this new service, customers can activate the Takaful plan on their chosen card through the app at a nominal monthly fee automatically deducted from the credit card balance. FinTech Dubai Government's big push towards a cashless society News Aggregation Team Wednesday, November 25, 2020 12:00 am http://mebankers.net/article/36810/dubai-governmentamp039s-big-push-towards-a-cashless-society The Group will launch a series of ambitious initiatives targeting all segments of the community to create the infrastructure FinTech Emirates NBD unveils global digital transaction banking ecosystem News Aggregation Team Wednesday, November 25, 2020 12:00 am http://mebankers.net/article/36824/emirates-nbd-unveils-global-digital-transaction-banking-ecosystem The platform to simplify working capital management and streamline complex operations FinTech FSS to expand market footprint in Saudi Arabia News Team Wednesday, November 25, 2020 12:00 am http://mebankers.net/article/36830/fss-to-expand-market-footprint-in-saudi-arabia The growth is also poised to bring in disruption from new market entrants, emergence of expanded value chains and increasing demand for frictionless, personalized payment experiences from consumers. FinTech Digital can power ahead Qatar's renewable energy vision News Aggregation Team Tuesday, November 24, 2020 12:00 am http://mebankers.net/article/36787/digital-can-power-ahead-qataramp039s-renewable-energy-vision Qatar's National Development Strategy until 2022 outlines the target of realising an average 8% reduction in electricity consumption FinTech Almarai working with McKinsey and SAP on digital transformation News Aggregation Team Tuesday, November 24, 2020 12:00 am http://mebankers.net/article/36789/almarai-working-with-mckinsey-and-sap-on-digital-transformation Digital is a central part of Almarai’s plans FinTech QIB wins 3 awards at ‘The Digital Banker’s Global Retail Banking Innovation Awards 2020’ News Aggregation Team Tuesday, November 24, 2020 12:00 am http://mebankers.net/article/36791/qib-wins-3-awards-at-amplsquothe-digital-bankeramprsquos-global-retail-banking-innovation-awards-2020amprsquo QIB has recently announced the results for the nine months’ period ended September 30, 2020. FinTech Department of eGovernment, Sharjah opts Dell Technologies Solutions to Champion Service Excellence News Aggregation Team Tuesday, November 24, 2020 12:00 am http://mebankers.net/article/36793/department-of-egovernment-sharjah-opts-dell-technologies-solutions-to-champion-service-excellence Department of eGovernment, Sharjah (DeG) opts for Dell Technologies' advanced cloud, software defined storage and hyper-converged infrastructure with Data Lake. FinTech Revealed: Why UAE residents prefer Islamic banks over conventional banks for loans News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36834/revealed-why-uae-residents-prefer-islamic-banks-over-conventional-banks-for-loans Shariah-compliant banks lead in personal finance products due to several factors, mainly for transparency and trust. Islamic Finance Growth of Islamic finance in numbers globally, in Saudi, and the UAE News Aggregation Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36842/growth-of-islamic-finance-in-numbers-globally-in-saudi-and-the-uae The most famous rule in Islamic finance is the ban on usury. Islamic Finance Kuwait International Bank sells $300 million sukuk: Document News Aggregation Team Friday, November 20, 2020 12:00 am http://mebankers.net/article/36760/kuwait-international-bank-sells-300-million-sukuk-document Saudi oil giant Aramco closed a jumbo $8 billion five-part bond sale on Tuesday, which it needs to partly fund an annual $75 billion dividend, most of which goes to the Saudi government. Islamic Finance Islamic Corporation for the development of the Private Sector (ICD) Launches the ICD Finnovation Award 2020 News Team Thursday, November 19, 2020 12:00 am http://mebankers.net/article/36739/islamic-corporation-for-the-development-of-the-private-sector-icd-launches-the-icd-finnovation-award-2020 The winners will be awarded in a very special ceremony to be organized during the Annual Meetings of Islamic Development Bank Group (IsDBG) to be held in June 2021 Islamic Finance Default Resolution Regimes Untested in Most Islamic Finance Markets News Aggregation Team Wednesday, November 18, 2020 12:00 am http://mebankers.net/article/36714/default-resolution-regimes-untested-in-most-islamic-finance-markets Bankruptcy regimes in key sukuk-issuing jurisdictions are at various stages of development, but in general they are still in the early stages, remaining largely untested and under-developed. Islamic Finance Safest Islamic Banks In The GCC News Aggregation Team Friday, November 13, 2020 12:00 am http://mebankers.net/article/36645/safest-islamic-banks-in-the-gcc Sharia principles are no barrier to stable long-term growth. Islamic Finance Kuwaiti Islamic Banks' Asset Quality and Profitability Under Pressure News Aggregation Team Friday, November 13, 2020 12:00 am http://mebankers.net/article/36647/kuwaiti-islamic-banksamp039-asset-quality-and-profitability-under-pressure Regulation on Islamic banks continues to evolve. Islamic Finance UAE: Islamic personal law reforms are good for business News Team Friday, November 13, 2020 12:00 am http://mebankers.net/article/36655/uae-islamic-personal-law-reforms-are-good-for-business The announcement of the reforms comes shortly after the UAE and Israel agreed a deal aimed at normalising the relationships between the countries Islamic Finance Dubai Islamic Bank sells $1b in perpetual sukuk News Aggregation Team Friday, November 13, 2020 12:00 am http://mebankers.net/article/36657/dubai-islamic-bank-sells-1b-in-perpetual-sukuk DIB began marketing the notes at around 5.25% earlier on Thursday and received over $5.5 billion in orders for the debt sale, the document showed. Islamic Finance Global sukuk issuance to decline slightly in 2020, says Moody's News Aggregation Team Tuesday, November 10, 2020 12:00 am http://mebankers.net/article/36591/global-sukuk-issuance-to-decline-slightly-in-2020-says-moodyamp039s The global sukuk market has grown rapidly from around US$80 billion to US$179 billion over the last four years, supported by large pools of sharia-compliant funds in the Gulf. Islamic Finance Egypt's EAPD, AfDB discuss proposed fields of bilateral cooperation News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36856/egyptamp039s-eapd-afdb-discuss-proposed-fields-of-bilateral-cooperation The meeting comes in light of the EAPD’s keenness on pushing forward cooperation relations with local, regional and international partners to help African countries achieve the UN's Sustainable Development Goals and Africa’s Agenda 2063, Research, Comment and Analysis A green light for economies News Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36863/a-green-light-for-economies No government can ignore the environment anymore. Instead, all their major decisions – from taxes to subsidies and more – will now have to have a global green economy at their heart. Research, Comment and Analysis Most KSA and UAE consumers will spend during Black Friday News Aggregation Team Friday, November 27, 2020 12:00 am http://mebankers.net/article/36871/most-ksa-and-uae-consumers-will-spend-during-black-friday Over three quarters of consumers in Saudi Arabia and the UAE is planning to buy something this weekend, when the Black Friday and Cyber Monday shopping craze unfolds. Research, Comment and Analysis Riyadh and Bahrain among world's top FinTech ecosystems to watch, according to new report News Team Thursday, November 26, 2020 12:00 am http://mebankers.net/article/36850/riyadh-and-bahrain-among-worldamp039s-top-fintech-ecosystems-to-watch-according-to-new-report Startup Genome experts analysed FinTech ecosystems in dozens of countries across the globe Research, Comment and Analysis UAE to allow 100% ownership of business for foreign nationals News Aggregation Team Wednesday, November 25, 2020 12:00 am http://mebankers.net/article/36809/uae-to-allow-100-ownership-of-business-for-foreign-nationals This will create an ‘unprecedented explosion’ of direct investment in the country, says DeVere CEO Research, Comment and Analysis Total deposits in Oman's banking sector grow 5% to $63bln News Aggregation Team Wednesday, November 25, 2020 12:00 am http://mebankers.net/article/36812/total-deposits-in-omanamp039s-banking-sector-grow-5-to-63bln The nominal contraction in the economy was driven by a 20 per cent decline in the hydrocarbon sector, as well as the decline in the non-hydrocarbon sector by 9.9 per cent during the second quarter of 2020. Research, Comment and Analysis Even the Turkey is Worried by Gary Dugan News Team Monday, November 23, 2020 12:00 am http://mebankers.net/article/36784/even-the-turkey-is-worried-by-gary-dugan The markets’ abiding hope is that the good news about a potential vaccine will overcome the near-term bad news about the impact of COVID-19 on global economic activity. Research, Comment and Analysis How the region's payments market could fare in the next decade News Aggregation Team Wednesday, November 18, 2020 12:00 am http://mebankers.net/article/36713/how-the-regionamp039s-payments-market-could-fare-in-the-next-decade Also in the pros list is that payments have kept pace with a changing economic landscape, in a show of agility and rapid digitalisation. Research, Comment and Analysis Global firms eye green hydrogen projects in Oman's free zones News Aggregation Team Tuesday, November 17, 2020 12:00 am http://mebankers.net/article/36689/global-firms-eye-green-hydrogen-projects-in-omanamp039s-free-zones The international interest reflects the Sultanate’s perfect characteristics and being one of the 5 potential destinations for investments in clean energy. Research, Comment and Analysis What's next for city leaders as city rankings shift?? News Team Tuesday, November 17, 2020 12:00 am http://mebankers.net/article/36692/whatamp039s-next-for-city-leaders-as-city-rankings-shift Abu Dhabi, Dubai, and Shenzhen all gain ground Research, Comment and Analysis Ralph Hamers' First Task: Expansion to Qatar News Aggregation Team Tuesday, November 03, 2020 12:00 am http://mebankers.net/article/36475/ralph-hamersamp039-first-task-expansion-to-qatar The country is one of the world’s largest producers of liquid gas, which made Qatar extremely wealthy. Investment Bank UAE's largest bank sees profits dip amid 'unprecedented' market conditions News Aggregation Team Wednesday, October 28, 2020 12:00 am http://mebankers.net/article/36411/uaeamp039s-largest-bank-sees-profits-dip-amid-amp039unprecedentedamp039-market-conditions First Abu Dhabi Bank CEO says lender has delivered 'resilient' performance so far in 2020 Investment Bank Qatar's economic fundamentals show country 'primed' for future growth: HSBC regional chief News Aggregation Team Tuesday, October 13, 2020 1:00 am http://mebankers.net/article/36185/qataramp039s-economic-fundamentals-show-country-amp039primedamp039-for-future-growth-hsbc-regional-chief The monetary policy response to Covid-19 meanwhile has provided broad support to both the private and public sectors. Investment Bank Standard Chartered Bank fires its employees in the Emirates News Aggregation Team Thursday, October 08, 2020 1:00 am http://mebankers.net/article/36112/standard-chartered-bank-fires-its-employees-in-the-emirates The job cuts will be in the bank’s retail and global banking division, Bloomberg cited two sources familiar with the matter. Investment Bank BNY Mellon Expands in Saudi Arabia, Partners With NCB Capital News Aggregation Team Thursday, October 08, 2020 1:00 am http://mebankers.net/article/36119/bny-mellon-expands-in-saudi-arabia-partners-with-ncb-capital Through this partnership, the bank is seeking institutional investors in Saudi Arabia for its “global custody and associated asset-servicing activities. Investment Bank The Banker's Investment Banking Awards, 2020 News Aggregation Team Friday, October 02, 2020 1:00 am http://mebankers.net/article/36019/the-bankeramp039s-investment-banking-awards-2020 Banks that have shown tenacity and determination to keep going and drive through deals within the most challenging of circumstances have come out on top in The Banker’s Investment Banking Awards for 2020. Investment Bank Top banks set climate targets for loans and investments News Aggregation Team Friday, October 02, 2020 1:00 am http://mebankers.net/article/36035/top-banks-set-climate-targets-for-loans-and-investments The consortium is now zeroing in on how financial firms should change their lending and investing activities. Investment Bank GFH holds Ordinary General meeting of shareholders News Team Thursday, October 01, 2020 1:00 am http://mebankers.net/article/36003/gfh-holds-ordinary-general-meeting-of-shareholders The assembly has also elected A new ten person Board for the next three- year period Investment Bank HSBC named ‘Best International Bank in the Middle East’ News Aggregation Team Wednesday, September 30, 2020 1:00 am http://mebankers.net/article/35986/hsbc-named-amplsquobest-international-bank-in-the-middle-eastamprsquo HSBC has a long and proud history in the Middle East and it is a region prioritised for growth by HSBC Group.” Investment Bank Credit Agricole to Build Its Own Saudi Bank After Stake Sale News Aggregation Team Tuesday, September 29, 2020 1:00 am http://mebankers.net/article/35975/credit-agricole-to-build-its-own-saudi-bank-after-stake-sale The stock of Riyadh-based Saudi Fransi rose as much as 1.9% to 32.80 riyals, adding to gains of 0.6% on Sunday, when details of the transaction were first reported. Investment Bank Qatar Sunday reports 167 new cases Covid-19, one death and 182 recoveries News Aggregation Team Monday, November 23, 2020 12:00 am http://mebankers.net/article/36769/qatar-sunday-reports-167-new-cases-covid-19-one-death-and-182-recoveries Qatar's proactive and extensive testing of suspected cases has enabled the authorities to identify a high number of positive cases in the community. Covid-19 Sustainable innovation and human happiness to drive post-COVID growth in Middle East cities News Team Monday, November 02, 2020 12:00 am http://mebankers.net/article/36457/sustainable-innovation-and-human-happiness-to-drive-post-covid-growth-in-middle-east-cities Published on UN World Cities Day, the HSBC City Reports on Abu Dhabi, Cairo, Dubai, Istanbul and Riyadh stress the need for city and business leaders to use the COVID-19 pandemic as a catalyst for more diversified, more digitised, cleaner and greener citi Covid-19 Abu Dhabi and Dubai are on a rapid growth trajectory: HSBC News Aggregation Team Sunday, November 01, 2020 12:00 am http://mebankers.net/article/36453/abu-dhabi-and-dubai-are-on-a-rapid-growth-trajectory-hsbc Post COVID outlook is bright for key cities in Middle East, North Africa, and Turkey Covid-19 Despite Covid-19, why is M&A booming in these regions? News Aggregation Team Wednesday, October 28, 2020 12:00 am http://mebankers.net/article/36408/despite-covid-19-why-is-mampampa-booming-in-these-regions While the coronavirus pandemic has had a negative impact on many businesses throughout 2020, a recent rebound in mergers and acquisitions (M&A) has pointed towards a partial recovery in investor sentiment – as well as demonstrating that certain Covid-19 Spotlight on Debt Finance: opportunities in the United Arab Emirates News Aggregation Team Friday, October 16, 2020 1:00 am http://mebankers.net/article/36231/spotlight-on-debt-finance-opportunities-in-the-united-arab-emirates Instead, the focus has been to incentivise UAE-regulated financial institutions to work alongside borrowers to minimise the potential for enforcement action and mass financing defaults. Covid-19 More firms to default on debt due to business slowdown News Aggregation Team Thursday, October 15, 2020 1:00 am http://mebankers.net/article/36227/more-firms-to-default-on-debt-due-to-business-slowdown The global ratings agency said that stimulus packages won't be enough to save hardest hit businesses Covid-19 COVID-19, low oil prices set to trigger new wave of GCC bank mergers News Aggregation Team Wednesday, October 07, 2020 1:00 am http://mebankers.net/article/36087/covid-19-low-oil-prices-set-to-trigger-new-wave-of-gcc-bank-mergers The banks now face larger cost adjustments as low oil prices and the coronavirus fallout constrain growth opportunities Covid-19 Covid hit to drag GCC countries' tax revenues 20% lower News Aggregation Team Monday, October 05, 2020 1:00 am http://mebankers.net/article/36050/covid-hit-to-drag-gcc-countriesamp039-tax-revenues-20-lower Impact of plummeting oil prices in addition to coronavirus crisis will also have domino effect on corporate tax collections Covid-19 Cities must lead on reform in the post-pandemic world News Aggregation Team Friday, October 02, 2020 1:00 am http://mebankers.net/article/36022/cities-must-lead-on-reform-in-the-post-pandemic-world The urban track of the G20 organization, this year hosted from Riyadh, is an annual highlight for the international community of city leaders. Experts in urban planning have the chance to build cultural bridges and consider solutions to common obstacles. Covid-19 After COVID-19, global cruise lines will once again arrive at Dubai port by late October News Aggregation Team Thursday, September 17, 2020 1:00 am http://mebankers.net/article/35805/after-covid-19-global-cruise-lines-will-once-again-arrive-at-dubai-port-by-late-october Heightened safety measures already in place to welcome passengers, says P&O Marinas' CEO Covid-19