Managers of Wealth - Middle East http://mebankers.net/ Thu, 12 Dec 2019 04:18:51 GMT part of MediaG8way Group http://mebankers.net/ http://mebankers.net/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP Bank Negara Malaysia to Helm IFSB Chairmanship for 2020 News Team Thursday, December 12, 2019 12:00 am http://mebankers.net/article/31828/bank-negara-malaysia-to-helm-ifsb-chairmanship-for-2020 Prior to her appointment as Governor, Her Excellency served as Assistant Director of the Monetary and Capital Markets Division of the International Monetary Fund. On the Move HSBC hires Citi veteran to boost EMEA private banking News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31786/hsbc-hires-citi-veteran-to-boost-emea-private-banking HSBC Private Banking has appointed Gavin Rankin as regional head of investment services & product solutions for EMEA. On the Move Renaissance man: Riyad Bank's Tariq Al-Sadhan News Aggregation Team Monday, December 09, 2019 12:00 am http://mebankers.net/article/31771/renaissance-man-riyad-bankamp039s-tariq-al-sadhan In an exclusive interview, Sadhan tells CEO he is confident of what the future will bring. On the Move DWF strengthens banking & finance practice with partner hire News Team Monday, December 09, 2019 12:00 am http://mebankers.net/article/31773/dwf-strengthens-banking-ampamp-finance-practice-with-partner-hire DWF, the global legal business, has appointed Yasser Yaqub as a partner to its Dubai banking & finance practice with a focus on project finance On the Move GIB appoints key investment, treasury official News Aggregation Team Sunday, December 08, 2019 12:00 am http://mebankers.net/article/31760/gib-appoints-key-investment-treasury-official This will help further build and manage this important area of our business and continue to support our strategy for sustainable growth and the expansion of our position as a leading pan-GCC universal bank.” On the Move Osama Hassan named Managing Partner at Taylor Wessing in Dubai News Aggregation Team Wednesday, December 04, 2019 12:00 am http://mebankers.net/article/31725/osama-hassan-named-managing-partner-at-taylor-wessing-in-dubai Hassan has more than 30 years of experience and was previously head of the Middle East for Pinsent Masons On the Move BNY Mellon’s Pershing hires Helen Oxley and Andrew Duffin News Aggregation Team Monday, December 02, 2019 12:00 am http://mebankers.net/article/31678/bny-mellonamprsquos-pershing-hires-helen-oxley-and-andrew-duffin We are delighted to welcome Andrew and Helen to Pershing who will both be integral to our growth in Europe, the Middle East and Africa On the Move HSBC Securities Services names new MENAT region head News Aggregation Team Friday, November 29, 2019 12:00 am http://mebankers.net/article/31636/hsbc-securities-services-names-new-menat-region-head Adhami will continue to report on a functional basis to Diane Reyes and on an entity basis to Gareth Thomas. On the Move Deutsche Bank Taps Credit Suisse Bankers News Aggregation Team Friday, November 29, 2019 12:00 am http://mebankers.net/article/31639/deutsche-bank-taps-credit-suisse-bankers Credit Suisse and Julius Baer bankers have been in demand at Deutsche Bank over the last year On the Move Emirates NBD Has Cut Over 400 Jobs Since October-Sources News Aggregation Team Friday, November 29, 2019 12:00 am http://mebankers.net/article/31642/emirates-nbd-has-cut-over-400-jobs-since-october-sources Other banks in the UAE have been cutting staff this year, partly also because of bank mergers On the Move Brunei-Oman joint venture increases capital to US$200m News Aggregation Team Thursday, December 12, 2019 12:00 am http://mebankers.net/article/31823/brunei-oman-joint-venture-increases-capital-to-us200m Part of the additional funds is expected to be invested in Brunei's business sectors Legal, Tax, Regulation & Compliance Zoho partners with Mashreq News Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31802/zoho-partners-with-mashreq The partnership brings banking and accounting together in a single platform for businesses in the UAE Legal, Tax, Regulation & Compliance Avoidance of double-taxation treaty with UAE in jeopardy News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31807/avoidance-of-double-taxation-treaty-with-uae-in-jeopardy Alternatively, Pakistan would be constrained to seriously consider rolling out appropriate measures, including termination of the Pakistan-UAE avoidance of Double Taxation Agreement at an early date Legal, Tax, Regulation & Compliance Ministry of Technology and Communications inks MoU to launch Center of Excellence News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31805/ministry-of-technology-and-communications-inks-mou-to-launch-center-of-excellence The CoE will focus on building a talent base of Information and Communication Technologies graduates specialising in open source capabilities through comprehensive training and skill development programems. Legal, Tax, Regulation & Compliance Saudi central bank ready for any Aramco-related liquidity squeeze News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31808/saudi-central-bank-ready-for-any-aramco-related-liquidity-squeeze The Aramco IPO is the centrepiece of the Saudi crown prince’s plans to diversify the economy away from a reliance on oil, as the money will be reinvested by the Saudi Public Investment Fund (PIF) to promote growth in other sectors. Legal, Tax, Regulation & Compliance Avoiding rags to riches in three generations: family governance in the Middle East News Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31812/avoiding-rags-to-riches-in-three-generations-family-governance-in-the-middle-east Alternatively, for those that are longer established, there has been a transfer to the next generation and this may not have gone well. Legal, Tax, Regulation & Compliance Saudi central bank sets minimum capital limit for microfinance firms News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31818/saudi-central-bank-sets-minimum-capital-limit-for-microfinance-firms Companies offering smaller loans must have at least 20 million riyals of paid-up capital Legal, Tax, Regulation & Compliance UAE jumps up global list for gender equality News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31777/uae-jumps-up-global-list-for-gender-equality Sheikha Manal bint Mohammed bin Rashid Al Maktoum, president of the UAE Gender Balance Council, hails improvement in ranking Legal, Tax, Regulation & Compliance Emirati banks’ investments in Saudi, Egypt exceed $30bln in nine months News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31779/emirati-banksamprsquo-investments-in-saudi-egypt-exceed-30bln-in-nine-months Investments in the UK topped the list Legal, Tax, Regulation & Compliance Turkey eases rules on $8.1bn of bad loans News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31787/turkey-eases-rules-on-81bn-of-bad-loans Banks will no longer need to book loans of solvent firms as bad debt, Bloomberg said, citing people familiar with the matter. Legal, Tax, Regulation & Compliance Mashreq’s NeoBiz offers integrated accounting solutions News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31799/mashreqamprsquos-neobiz-offers-integrated-accounting-solutions Zoho’s software will deliver banking and accounting on a single platform Retail Banking ICICI Bank unveils new center in Bahrain with retail, corporate banking facilities News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31816/icici-bank-unveils-new-center-in-bahrain-with-retail-corporate-banking-facilities The new service center will offer services for all the products offered by the Manama branch, except cash deposit and withdrawal facilities. Retail Banking NBB takes the lead as the first bank in the MENA region to launch open banking solutions News Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31817/nbb-takes-the-lead-as-the-first-bank-in-the-mena-region-to-launch-open-banking-solutions NBB has spearheaded the development of Open Banking technologies following the regulatory mandates set by the CBB in November 2018 which urged all banks in the Kingdom to adopt Open Banking in line with its long term vision for customer transparency, effi Retail Banking Morocco’s Bank Profits Exceeded $1.1 Bn by End of September News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31790/moroccoamprsquos-bank-profits-exceeded-11-bn-by-end-of-september During this period, the banks strengthened their capital in the context of the gradual implementation of the new precautionary measures for the banking sector. Retail Banking Saudi Arabia’s largest banks to remain profitable despite margin pressures News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31792/saudi-arabiaamprsquos-largest-banks-to-remain-profitable-despite-margin-pressures Moody’s stated that fee-based income will start to stabilise over the coming quarters as fees attached to rising consumer lending and mortgages offset lower trade and foreign-exchange income. Retail Banking Ecobank wins Bank of the Year and Best Bank in prestigious London awards ceremonies News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31798/ecobank-wins-bank-of-the-year-and-best-bank-in-prestigious-london-awards-ceremonies Ecobank (www.Ecobank.com) wins “Bank of the Year” and “Best Bank” at The Banker and EMEA Finance Awards in London. Retail Banking QNB banks on its capital strength to grow balance sheet in ‘controlled’ way News Aggregation Team Monday, December 09, 2019 12:00 am http://mebankers.net/article/31768/qnb-banks-on-its-capital-strength-to-grow-balance-sheet-in-amplsquocontrolledamprsquo-way This plays an important role in our approach to financing and how we operate as a business, ensuring we work in the most ethical and efficient way. Retail Banking Warba Bank grabs two awards from CPI Financial News Aggregation Team Thursday, December 05, 2019 12:00 am http://mebankers.net/article/31717/warba-bank-grabs-two-awards-from-cpi-financial Al Shareef elaborated that Warba Bank was amongst few banks on regional level that met the terms to apply for the award; it has fulfilled all the criteria of CPI Financial related to the Bank experience during the last three years. Retail Banking Saudi banks Q3 results boosted by mortgage lending News Aggregation Team Thursday, December 05, 2019 12:00 am http://mebankers.net/article/31720/saudi-banks-q3-results-boosted-by-mortgage-lending Three banks- Samba Financial Group, Banque Saudi Fransi and Saudi Investment Bank-- reported marginal declines. Retail Banking Qatar Development Bank to launch fintech accelerator programme News Aggregation Team Thursday, December 05, 2019 12:00 am http://mebankers.net/article/31729/qatar-development-bank-to-launch-fintech-accelerator-programme Everyone is working together because everyone is needed to build the pillars of a successful and sustainable fintech ecosystem in Qatar, Hassan added while talking to mediapersons on the sidelines of the event. Retail Banking Mubadala looking for more investment opportunities in China — deputy CEO News Aggregation Team Thursday, December 12, 2019 12:00 am http://mebankers.net/article/31820/mubadala-looking-for-more-investment-opportunities-in-china-ampmdash-deputy-ceo US continues to be group’s main portfolio market with $100 billion in investments Alternative Investments SoftBank invests $1.65 billion in supply chain finance. Why? News Aggregation Team Thursday, December 12, 2019 12:00 am http://mebankers.net/article/31821/softbank-invests-165-billion-in-supply-chain-finance-why Following this initial $800 million investment, the SoftBank Vision Fund invested an additional $655 million in Greensill in October 2019, making a total of $1.455 billion. Alternative Investments Qatar wealth fund to invest $450 mln in Adani power distribution arm News Aggregation Team Thursday, December 12, 2019 12:00 am http://mebankers.net/article/31822/qatar-wealth-fund-to-invest-450-mln-in-adani-power-distribution-arm This is the second big investment in an Adani Group company after France’s Total SA decided to buy a stake in gas distribution company Adani Gas in October. Alternative Investments Abu Dhabi Catalyst Partners announces three investments with aggregate capital commitment of $225 mn News Aggregation Team Thursday, December 12, 2019 12:00 am http://mebankers.net/article/31824/abu-dhabi-catalyst-partners-announces-three-investments-with-aggregate-capital-commitment-of-225-mn All three investments involve meaningful commitments to a physical presence in the UAE’s capital and under the jurisdiction of Abu Dhabi Global Market, ADGM, the financial center that gives businesses operating across all sectors access to substanti Alternative Investments Green Bonds: An option for UAE government to achieve its energy mix targets News Aggregation Team Thursday, December 12, 2019 12:00 am http://mebankers.net/article/31825/green-bonds-an-option-for-uae-government-to-achieve-its-energy-mix-targets Other than this, the UAE, along with other responsible countries, has engaged in a fight against climate change, and it strives to take actions on it. Alternative Investments Dubai property sales reached an 11-year high in November News Aggregation Team Thursday, December 12, 2019 12:00 am http://mebankers.net/article/31826/dubai-property-sales-reached-an-11-year-high-in-november The Data Finder report added that the Dubai Land Department had also registered the sale of Burma Island, part of the World Islands, for Dhs112.77 million on Sunday December 8. Alternative Investments Mubadala has invested $100bn in US, eyes China News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31801/mubadala-has-invested-100bn-in-us-eyes-china Mubadala has invested $15 billion in Softbank’s Vision Fund I and recently announced plans to invest $250 million through two funds in technology firms in the Middle East and North Africa. Alternative Investments High-tech facility opens in Kizad, to provide quality testing services News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31809/high-tech-facility-opens-in-kizad-to-provide-quality-testing-services The inauguration marks a step towards the UAE government’s vision to raise the quality of the exports and locally traded products while protecting the interests of consumers and supporting the UAE’s competitive economy. Alternative Investments Dubai bankers club seeks turnaround after membership dwindles News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31811/dubai-bankers-club-seeks-turnaround-after-membership-dwindles Once one of the city's most exclusive places to do business, the venue isn't being spared the economic slump that's weighing on the emirate. Alternative Investments Saudi investors willing to take part in Egypt's Sovereign Fund: Min. News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31778/saudi-investors-willing-to-take-part-in-egyptamp039s-sovereign-fund-min The Minister revealed a decision to establish a number of sub-funds affiliated to the Sovereign Fund, in order to invest in a number of sectors, including a fund for renewable energy. Alternative Investments National Bank of Oman Wins The ‘Best Wealth Management Business’ in Oman At the Asian Banker Awards in Dubai News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31803/national-bank-of-oman-wins-the-amplsquobest-wealth-management-businessamprsquo-in-oman-at-the-asian-banker-awards-in-dubai Being recognized by the Asian Banker as best wealth management business in Oman is a testament to Sadara’s diverse and comprehensive product suite Wealth & Asset Management World's Best Private Banks 2020: The Tough Get Going News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31785/worldamp039s-best-private-banks-2020-the-tough-get-going While rising ranks of wealthy individuals support growth in private banking, these are challenging times for the industry. Wealth & Asset Management Bahamas Showcased To Middle East Clients News Aggregation Team Friday, December 06, 2019 12:00 am http://mebankers.net/article/31751/bahamas-showcased-to-middle-east-clients The BFSB also arranged high-level meetings for Mr Johnson along with BFSB directors. Wealth & Asset Management EFG International advisory office in Dubai to be fully operational next week News Aggregation Team Thursday, December 05, 2019 12:00 am http://mebankers.net/article/31732/efg-international-advisory-office-in-dubai-to-be-fully-operational-next-week We are particularly pleased to welcome Sascha Pietrek to EFG Wealth & Asset Management The direction for private equity and family office investments in the UAE News Team Thursday, November 28, 2019 12:00 am http://mebankers.net/article/31626/the-direction-for-private-equity-and-family-office-investments-in-the-uae The drive for greater transparency will come as no surprise in the region Kathryn went on to add, as "the regulator is keen to reinforce the notion that there is no place for weak corporate governance. Wealth & Asset Management Swiss banking group opens Abu Dhabi office News Team Monday, November 25, 2019 12:00 am http://mebankers.net/article/31572/swiss-banking-group-opens-abu-dhabi-office Has been present in the United Arab Emirates since 2007 Wealth & Asset Management Liechtensteinische Landesbank moves to DIFC News Team Tuesday, November 19, 2019 12:00 am http://mebankers.net/article/31488/liechtensteinische-landesbank-moves-to-difc The move to DIFC, and our new, larger offices in Burj Daman reflect the successful development of our business model in recent years and represents an important step for our future growth in the Middle East. Wealth & Asset Management Schroders Global Investor Study 2019 News Team Tuesday, November 19, 2019 12:00 am http://mebankers.net/article/31497/schroders-global-investor-study-2019 People in general (34%) were also more inclined to take greater risk with their personal savings rather than their retirement savings. Wealth & Asset Management Intertrust awarded Trust Company of the Year at the Wealthbriefing MENA awards News Team Sunday, November 17, 2019 12:00 am http://mebankers.net/article/31457/intertrust-awarded-trust-company-of-the-year-at-the-wealthbriefing-mena-awards The award sets Intertrust apart from its peers and is a recognition of the developments that the company has made in the region over the past 12 months. Wealth & Asset Management Eight-year winning streak in the Middle East News Aggregation Team Friday, November 15, 2019 12:00 am http://mebankers.net/article/31446/eight-year-winning-streak-in-the-middle-east The judges considered many aspects of our business and service offering, including our more than half-century commitment to clients in the Middle East; our single, international team covering the market in an integrated way; and our bespoke wealth managem Wealth & Asset Management Saudi Arabia poised as MENA's hub for digitization and startups News Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31800/saudi-arabia-poised-as-menaamp039s-hub-for-digitization-and-startups Over 6000 attendees, 300 startups, and 150 VCs gather at Arabnet Riyadh FinTech Why P2P Could Soon Play A Leading Role In Middle East FinTech B News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31813/why-p2p-could-soon-play-a-leading-role-in-middle-east-fintech-b Since launching its SME and P2P lending services — the latter involves investors found online who take part in the financing programs in hopes of healthy returns — the situation in the region has been, as Moore put it, challenging. That’ FinTech Cloud computing surges in the UAE in 2019 News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31776/cloud-computing-surges-in-the-uae-in-2019 Cloud computing take-up saw a significant acceleration in the Middle East throughout this year FinTech KFH invests strongly in banking innovation and FinTech: CEO News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31783/kfh-invests-strongly-in-banking-innovation-and-fintech-ceo The panel discussion discussed the current landscape of Islamic banking and its future trends. FinTech Fintech service provider QPAY joins the QFC platform News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31784/fintech-service-provider-qpay-joins-the-qfc-platform Attracting and licensing Fintech companies that offer significant value to local businesses, such as QPAY, is part of the QFC’s initiative in supporting and developing the financial services sector. FinTech Fitch sees Turkish banks suffering more asset quality erosion News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31791/fitch-sees-turkish-banks-suffering-more-asset-quality-erosion Growth projections for Turkish lending next year will be driven mainly by lira-denominated loans FinTech Plain-Sailing Future For Trade Finance Digitization News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31793/plain-sailing-future-for-trade-finance-digitization Trade finance is moving out of the paper age. FinTech Banks need to be 'technology savvy, technology first', to stay competitive: Brett King News Aggregation Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31795/banks-need-to-be-amp039technology-savvy-technology-firstamp039-to-stay-competitive-brett-king In future, King said, “Advise will be digital, distribution will be digital. Banking experiences will be digital.” FinTech Arabian Bourse receives Multi-Million Dollar Investment News Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31796/arabian-bourse-receives-multi-million-dollar-investment The Company is headed by His Highness Sheikh Hamad Bin Khalifa Bin Mohammed Al Nahyan as the Chairman and Anwar Hussein as the Board Member. FinTech UAE at the forefront of blockchain adoption News Aggregation Team Sunday, December 08, 2019 12:00 am http://mebankers.net/article/31761/uae-at-the-forefront-of-blockchain-adoption The new projects are piloted in new areas using artificial intelligence and the Internet of Things." FinTech Bukhamseen: KIB ensures its compliance with Shari'ah principles News Team Thursday, December 12, 2019 12:00 am http://mebankers.net/article/31827/bukhamseen-kib-ensures-its-compliance-with-shariamp039ah-principles As part of the 8th Shura Sharia Fiqh Conference Islamic Finance ADIB launches "Smartbanking" digital proposition for millennial customers News Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31814/adib-launches-ampquotsmartbankingampquot-digital-proposition-for-millennial-customers Pioneering proposition is aimed at large digitally-savvy population and centred around the millennials' lifestyle Islamic Finance Bank Nizwa CEO Highlights Prospects of Islamic Finance in the Region News Team Tuesday, December 10, 2019 12:00 am http://mebankers.net/article/31781/bank-nizwa-ceo-highlights-prospects-of-islamic-finance-in-the-region Bank Nizwa CEO Khalid Al Kayed said, “Islamic finance is appealing to both individuals and corporates to invest in and leverage Shari’a-compliant solutions. Islamic Finance Gulf Islamic Investments exits Amazon's key German property News Aggregation Team Friday, December 06, 2019 12:00 am http://mebankers.net/article/31745/gulf-islamic-investments-exits-amazonamp039s-key-german-property GII said its total assets under management has surged to $1.4 billion and it is now targeting to hit $2 billion next year. Islamic Finance Merger momentum for Islamic banks to continue in 2020 News Team Thursday, December 05, 2019 12:00 am http://mebankers.net/article/31727/merger-momentum-for-islamic-banks-to-continue-in-2020 Consolidation needed in some markets which remain overbanked, says Fitch Ratings' global head of Islamic Finance Islamic Finance QIB enhances its corporate Internet banking capabilities News Aggregation Team Wednesday, December 04, 2019 12:00 am http://mebankers.net/article/31700/qib-enhances-its-corporate-internet-banking-capabilities One of which is SWEEP – Liquidity Management, which allows customers to set up instructions on the online portal to make end of day sweeping between accounts. Islamic Finance Deyaar and Dubai Islamic Bank to Provide Attractive Home Financing Solutions News Aggregation Team Wednesday, December 04, 2019 12:00 am http://mebankers.net/article/31711/deyaar-and-dubai-islamic-bank-to-provide-attractive-home-financing-solutions Speaking on the collaboration, Saeed Al Qatami, CEO of Deyaar, said: “The timing has never been better for a financing partnership of this kind, with handover of Midtown’s Afnan District ongoing and Dania District set for completion soon. Islamic Finance World Islamic Banking Conference opens in Bahrain News Aggregation Team Wednesday, December 04, 2019 12:00 am http://mebankers.net/article/31713/world-islamic-banking-conference-opens-in-bahrain Showcasing his support for Islamic finance entities to thrive and grow globally and stressing on the way forward for the industry, Godwin Emefiele, Governor, Central Bank of Nigeria in his address said: “Globally, banking and financial landscapes hav Islamic Finance Ithmaar Bank named Fastest Growing Islamic Fintech Bank News Aggregation Team Wednesday, December 04, 2019 12:00 am http://mebankers.net/article/31714/ithmaar-bank-named-fastest-growing-islamic-fintech-bank The WIBC, hosted in strategic partnership with the CBB, brings Islamic banking experts from across the world to Bahrain to discuss key issues and review the latest developments and share insight into current trends Islamic Finance Dubai Islamic Bank closes second foray into global capital markets News Aggregation Team Sunday, December 01, 2019 12:00 am http://mebankers.net/article/31659/dubai-islamic-bank-closes-second-foray-into-global-capital-markets Dubai Islamic Bank says $750m five-year sukuk was oversubscribed with order book in excess of $2bn Islamic Finance Sheikh Hamdan announces Dubai's economic outlook News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31806/sheikh-hamdan-announces-dubaiamp039s-economic-outlook He praised the policy of openness in Dubai and the support extended to innovative projects and entrepreneurship. Research, Comment and Analysis Dubai economy to grow at 3.2% in 2020, media office says News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31815/dubai-economy-to-grow-at-32-in-2020-media-office-says Dubai is banking on Expo 2020 to boost economic activity as the event could attract 11 million foreign visitors, organisers have said. Research, Comment and Analysis Qatari economy to accelerate growth in 2020: Commercial Bank News Aggregation Team Monday, December 09, 2019 12:00 am http://mebankers.net/article/31767/qatari-economy-to-accelerate-growth-in-2020-commercial-bank The banks businesses mostly grew this year and the trend will continue. Research, Comment and Analysis INTERVIEW: Rolls-Royce and the Middle East: A love story News Aggregation Team Monday, December 09, 2019 12:00 am http://mebankers.net/article/31769/interview-rolls-royce-and-the-middle-east-a-love-story ‘In the Middle East these cars are handed down through generations and will never be sold,’ Rolls-Royce CEO Torsten Muller-Otvos tells Arab News in an exclusive interview Research, Comment and Analysis Dubai Chamber-led advisory council outlines plans to boost economic competitiveness News Team Monday, December 09, 2019 12:00 am http://mebankers.net/article/31775/dubai-chamber-led-advisory-council-outlines-plans-to-boost-economic-competitiveness Newly formed International Advisory Council recently held its first meeting which focused on efforts to stimulate business activity in Dubai Research, Comment and Analysis Emirates NBD Rings DFM's Bell to Celebrate the Successful Issuance and Listing of its New Shares Issued Via Rights Issue News Team Sunday, December 08, 2019 12:00 am http://mebankers.net/article/31753/emirates-nbd-rings-dfmamp039s-bell-to-celebrate-the-successful-issuance-and-listing-of-its-new-shares-issued-via-rights-issue H.E. Essa Kazim: “The Issuance boosts total value of raised funds via DFM to AED 76 billion, reaffirming its vital role in mobilizing the necessary funds to finance growth strategies” Research, Comment and Analysis Commercial sector drags down property sales in Kuwait: NBK News Aggregation Team Sunday, December 08, 2019 12:00 am http://mebankers.net/article/31754/commercial-sector-drags-down-property-sales-in-kuwait-nbk Commercial sector sales marked the lowest level in nine years in October 2019 Research, Comment and Analysis UAE aims to become most business friendly country by 2021 News Aggregation Team Sunday, December 08, 2019 12:00 am http://mebankers.net/article/31756/uae-aims-to-become-most-business-friendly-country-by-2021 The UAE has introduced nearly three dozen reforms in the last one decade. Research, Comment and Analysis Family-owned companies more likely than VCs, equity funds to invest in social impact, says Nabta Health CEO News Aggregation Team Sunday, December 08, 2019 12:00 am http://mebankers.net/article/31757/family-owned-companies-more-likely-than-vcs-equity-funds-to-invest-in-social-impact-says-nabta-health-ceo The Middle East will see an increase of family-led investment into social impact, according to Sophie Smith, co-founder and CEO of Dubai-based hybrid healthcare company Nabta Health Research, Comment and Analysis Exclusive Interview with Hasnain Qazi, Region Head for Huxley MENA News Aggregation Team Sunday, December 08, 2019 12:00 am http://mebankers.net/article/31763/exclusive-interview-with-hasnain-qazi-region-head-for-huxley-mena This has helped us to adapt our systems Research, Comment and Analysis US investment bank Stifel announces opening of Israel office News Aggregation Team Wednesday, December 11, 2019 12:00 am http://mebankers.net/article/31819/us-investment-bank-stifel-announces-opening-of-israel-office The Israel office, Raymond said, will enable Stifel to provide improved service and execution to clients operating in Israel or active in the Israeli market. Investment Bank Saxo Bank 2020 Outrageous Predictions News Team Tuesday, December 03, 2019 12:00 am http://mebankers.net/article/31692/saxo-bank-2020-outrageous-predictions With a popular mandate and strong majority in Parliament, Boris Johnson is in stronger position than ever to come back to the negotiating table in Brussels. Investment Bank Arqaam Shuts South African Office as Brokers Cut Coverage News Aggregation Team Tuesday, December 03, 2019 12:00 am http://mebankers.net/article/31695/arqaam-shuts-south-african-office-as-brokers-cut-coverage Macquarie is busy closing down its cash-equities business Investment Bank Emirates NBD rights issue draws $4.9bn News Aggregation Team Friday, November 22, 2019 12:00 am http://mebankers.net/article/31545/emirates-nbd-rights-issue-draws-49bn The net proceeds raised from the rights issue will be used to strengthen Emirates NBD’s capital base and to support future growth of the business. Investment Bank Credit Suisse Waves Goodbye to Saudi Deal News Aggregation Team Thursday, November 21, 2019 12:00 am http://mebankers.net/article/31531/credit-suisse-waves-goodbye-to-saudi-deal As global investors show little enthusiasm for the big price tag, there is also no need for quite as many global coordinators. Investment Bank Bank Hapoalim Announces Third Quarter 2019 Financial Results News Aggregation Team Wednesday, November 20, 2019 12:00 am http://mebankers.net/article/31514/bank-hapoalim-announces-third-quarter-2019-financial-results Total income from regular financing activity, totaled NIS 2,387 million in the third quarter of 2019 Investment Bank GFH reports 21% drop in Q3 net profit as impairment charges climb News Aggregation Team Thursday, November 14, 2019 12:00 am http://mebankers.net/article/31440/gfh-reports-21-drop-in-q3-net-profit-as-impairment-charges-climb A rise in the cost of financing has also affected its quarterly profitability Investment Bank Citi Bahrain Celebrates 50th Anniversary In Kingdom News Aggregation Team Tuesday, November 12, 2019 12:00 am http://mebankers.net/article/31395/citi-bahrain-celebrates-50th-anniversary-in-kingdom Citi Bahrain obtained its banking license in 1969 and has since been an integral part of the region’s banking community, with Citi Bahrain serving several important markets in the MENA region. Investment Bank UAE- TBI Receives safest Bank in Iraq 2019' by Global Finance News Team Tuesday, November 05, 2019 12:00 am http://mebankers.net/article/31293/uae-tbi-receives-safest-bank-in-iraq-2019amp039-by-global-finance A pillar for the national economy, TBI has continuously maximized the Government of Iraq's equity share through expanding its business locally and internationally. Investment Bank Dubai FDI, Standard Chartered Bank collaborate to attract more investments into Dubai News Aggregation Team Tuesday, November 05, 2019 12:00 am http://mebankers.net/article/31304/dubai-fdi-standard-chartered-bank-collaborate-to-attract-more-investments-into-dubai The agreement was signed by Fahad Al Gergawi, CEO of Dubai FDI, and Rola Abu Manneh, CEO of Standard Chartered UAE branch, at Dubai FDI office. Investment Bank