Managers of Wealth - Middle East http://mebankers.net/ Tue, 22 Sep 2020 06:40:04 BST part of MediaG8way Group http://mebankers.net/ http://mebankers.net/assets/images/logo.png Managers of Wealth - Middle East KohanaPHP Westpac announces new Chief Executive, Consumer News Team Tuesday, September 22, 2020 1:00 am http://mebankers.net/article/35861/westpac-announces-new-chief-executive-consumer He joins Westpac from Deem in Dubai On the Move Trade Bank of Iraq names Salem Chalabi as its new Chairman and President News Aggregation Team Monday, September 21, 2020 1:00 am http://mebankers.net/article/35847/trade-bank-of-iraq-names-salem-chalabi-as-its-new-chairman-and-president Al-Jalabi, who graduated from Yale University, will bring a wealth of experience as the new Chairman of TBI. On the Move New CEO of Waha Capital News Team Sunday, September 20, 2020 1:00 am http://mebankers.net/article/35840/new-ceo-of-waha-capital Ahmed Khalifa Al Mehairi has been appointed in succession to Amr AlMenhali as CEO On the Move Goldman Sachs names new investment banking bosses in Europe News Aggregation Team Thursday, September 17, 2020 1:00 am http://mebankers.net/article/35797/goldman-sachs-names-new-investment-banking-bosses-in-europe The bank appoints Anthony Gutman and Gonzalo García as co-heads in newly-created position On the Move Gulf Air appoints Bahraini Country Manager in Kuwait News Team Thursday, September 17, 2020 1:00 am http://mebankers.net/article/35809/gulf-air-appoints-bahraini-country-manager-in-kuwait Mohamed Ibrahim Al Hamer as a Country Manager for its Kuwait On the Move Backed by billionaire Simons, former bank CEO shifts to fintech News Aggregation Team Thursday, September 17, 2020 1:00 am http://mebankers.net/article/35818/backed-by-billionaire-simons-former-bank-ceo-shifts-to-fintech “There’s an exceptional imbalance in the financial industry,” Russak-Aminoach said in an interview in Tel Aviv. On the Move Equinix appoints new managing director to lead Middle East and North Africa business News Team Wednesday, September 16, 2020 1:00 am http://mebankers.net/article/35781/equinix-appoints-new-managing-director-to-lead-middle-east-and-north-africa-business IT veteran Kamel Al-Tawil joins as MENA businesses seek to accelerate digital transformation and shift to the cloud On the Move Former Danske Bank CIO joins Abu Dhabi Investment Authority News Aggregation Team Wednesday, September 16, 2020 1:00 am http://mebankers.net/article/35795/former-danske-bank-cio-joins-abu-dhabi-investment-authority Experienced investor will become a member of the newly-created strategy & planning department. On the Move Deutsche Bank appoints Loïc Voide and Kees Hoving as Co-CEOs for the Middle East and Africa News Team Tuesday, September 15, 2020 1:00 am http://mebankers.net/article/35760/deutsche-bank-appoints-loampiumlc-voide-and-kees-hoving-as-co-ceos-for-the-middle-east-and-africa In addition to their role as Co-CEOs, Voide is appointed Head of the International Private Bank (IPB) MEA, Chief Country Officer (CCO) for the UAE and General Manager of Deutsche Bank AG Dubai (DIFC) Branch subject to regulatory approval. On the Move New partner to lead Triago's growth in the Middle East News Team Tuesday, September 15, 2020 1:00 am http://mebankers.net/article/35766/new-partner-to-lead-triagoamp039s-growth-in-the-middle-east The hiring of private equity industry veteran Khuram Maqsood is part of Triago's continuing global expansion. On the Move UAE central bank failed to prevent Iran sanctions evasion: Report News Aggregation Team Tuesday, September 22, 2020 1:00 am http://mebankers.net/article/35862/uae-central-bank-failed-to-prevent-iran-sanctions-evasion-report Bank failed to act on warnings about a local firm which was helping Tehran to evade sanctions, leaked files show Legal, Tax, Regulation & Compliance Egypt's central bank attracts EGP 21 billion with T-bill auctions News Aggregation Team Tuesday, September 22, 2020 1:00 am http://mebankers.net/article/35864/egyptamp039s-central-bank-attracts-egp-21-billion-with-t-bill-auctions The CBE offered T-bills in an auction on Sunday with the aim of attracting EGP 19 billion, with interest rates ranging between 12.9 percent and 13.6 percent Legal, Tax, Regulation & Compliance Saudi German signs R305 Islamic debt facility News Aggregation Team Tuesday, September 22, 2020 1:00 am http://mebankers.net/article/35866/saudi-german-signs-r305-islamic-debt-facility Earlier this month, the company signed a R7m four-year lease contract for a hospital building in Jeddah with Bait Al Batterjee College for Medical Sciences and Technology. Legal, Tax, Regulation & Compliance DP World, Bank Leumi to Explore Israel Logistics Investments News Aggregation Team Tuesday, September 22, 2020 1:00 am http://mebankers.net/article/35867/dp-world-bank-leumi-to-explore-israel-logistics-investments The UAE and Bahrain last week signed agreements to move toward establishing normal ties with Israel, setting in motion a potentially historic shift in Middle East politics. Legal, Tax, Regulation & Compliance 17,500 enrolled into Dubai's employee benefit scheme News Aggregation Team Tuesday, September 22, 2020 1:00 am http://mebankers.net/article/35868/17500-enrolled-into-dubaiamp039s-employee-benefit-scheme The DEWS end of service scheme, details of which were released in January, is a low cost investment platform for receiving and managing mandatory employer end-of-service contributions on behalf of their employees and any added voluntary savings by employe Legal, Tax, Regulation & Compliance Retire in Dubai: costs revealed News Aggregation Team Monday, September 21, 2020 1:00 am http://mebankers.net/article/35848/retire-in-dubai-costs-revealed After a huge response there is now more information available for over 55s looking to retire in Dubai Legal, Tax, Regulation & Compliance Deutsche Bank: Suspected of facilitating funds to Daesh in Iraq News Aggregation Team Monday, September 21, 2020 1:00 am http://mebankers.net/article/35850/deutsche-bank-suspected-of-facilitating-funds-to-daesh-in-iraq Despite this, some banks, including Deutsche Bank and specifically its US branches, continued to allow money transfers to be sent to Iraq despite the group’s control over large parts of the country. Legal, Tax, Regulation & Compliance Abu Dhabi Islamic Bank signs MoU with Israel’s Bank Leumi News Aggregation Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35834/abu-dhabi-islamic-bank-signs-mou-with-israelamprsquos-bank-leumi The agreement will allow Israeli clients to transact directly in the UAE. Legal, Tax, Regulation & Compliance United Arab Emirates: Economic substance regulations amended and replaced News Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35835/united-arab-emirates-economic-substance-regulations-amended-and-replaced The new regulations and guidance have introduced important changes to the scope of the ES regulations, covered entities, compliance requirements, and governing authorities. Legal, Tax, Regulation & Compliance UAE Ministry of Finance launches third generation e-Dirham system News Aggregation Team Thursday, September 17, 2020 1:00 am http://mebankers.net/article/35804/uae-ministry-of-finance-launches-third-generation-e-dirham-system e-Dirham mobile app Mubasher and three prepaid cards with integrated benefits unvielied Legal, Tax, Regulation & Compliance BAB confirms banks' readiness to defer loan installments News Aggregation Team Tuesday, September 22, 2020 1:00 am http://mebankers.net/article/35863/bab-confirms-banksamp039-readiness-to-defer-loan-installments It should be noted that the period of repayment of the loan or financing would increase relatively to maintain the amount of the installment unchanged, as the banks will inform their customers. Retail Banking Middle East SWF’s in talks to buy stake in Reliance Retail News Aggregation Team Sunday, September 20, 2020 1:00 am http://mebankers.net/article/35845/middle-east-swfamprsquos-in-talks-to-buy-stake-in-reliance-retail RRVL seeks to offload up to a 15 per cent stake to private equity players and strategic investors to raise Rs. 800 billion, while reserving the largest allocation of 40 per cent for Amazon. Retail Banking Commercial Bank launches $500mn bond at new price benchmark News Aggregation Team Wednesday, September 16, 2020 1:00 am http://mebankers.net/article/35782/commercial-bank-launches-500mn-bond-at-new-price-benchmark Investors have positively viewed the strong execution of Commercial Bank’s five-year strategy which has significantly improved the performance of the bank. Retail Banking QNB first in Qatar to debut ‘green bond’ offering under its Medium Term Note Programme News Aggregation Team Wednesday, September 16, 2020 1:00 am http://mebankers.net/article/35784/qnb-first-in-qatar-to-debut-amplsquogreen-bondamprsquo-offering-under-its-medium-term-note-programme QNB Group received subscriptions in excess of $1.8bn, demonstrating the global investor’s confidence in its solid financial fundamentals and strong financial performance. Retail Banking Qatari banks' first-half profit 'strong' despite higher provisioning: Moody's News Aggregation Team Wednesday, September 16, 2020 1:00 am http://mebankers.net/article/35793/qatari-banksamp039-first-half-profit-amp039strongamp039-despite-higher-provisioning-moodyamp039s The combined net profit for these banks declined by 9% to QR10.5bn compared to the same period last year. Retail Banking Qatar cultivates first green bonds as QNB raises $600 mln News Aggregation Team Wednesday, September 16, 2020 1:00 am http://mebankers.net/article/35796/qatar-cultivates-first-green-bonds-as-qnb-raises-600-mln National Bank of Abu Dhabi, now First Abu Dhabi Bank FAB.AD, sold the first green bonds in the region in 2017 and last week, Saudi Electricity Company (SEC) sold $1.3 billion in dual-tranche green sukuk, or Islamic bonds. Retail Banking SABB wins ‘Saudi Arabia’s Best Bank 2020’ award News Aggregation Team Tuesday, September 15, 2020 1:00 am http://mebankers.net/article/35761/sabb-wins-amplsquosaudi-arabiaamprsquos-best-bank-2020amprsquo-award Also this month, SABB’s Waafer savings account was voted “Product of the Year.” Retail Banking First Abu Dhabi Bank partners Aldar for card-based payment to property tenants News Team Tuesday, September 15, 2020 1:00 am http://mebankers.net/article/35764/first-abu-dhabi-bank-partners-aldar-for-card-based-payment-to-property-tenants This follows a deal struck with Aldar's real estate management arm Provis Retail Banking Commercial Bank wins ‘Best Retail Bank in Qatar’ award for fourth consecutive year News Aggregation Team Tuesday, September 15, 2020 1:00 am http://mebankers.net/article/35776/commercial-bank-wins-amplsquobest-retail-bank-in-qataramprsquo-award-for-fourth-consecutive-year The Asian Banker also awarded Commercial Bank the Best Digital Deposit Product of the year. The bank was selected amongst many competitors from Asia, Africa and the Middle East with their Mobile App service, “My Goals.” Retail Banking Jordan's Capital Bank begins due diligence to buy Lebanon's Audi's units in Jordan, Iraq News Aggregation Team Monday, September 14, 2020 1:00 am http://mebankers.net/article/35751/jordanamp039s-capital-bank-begins-due-diligence-to-buy-lebanonamp039s-audiamp039s-units-in-jordan-iraq Capital Bank, a major Jordanian corporate bank with $3.5 billion in assets by end of June, would be able to diversify into retail banking through acquiring Audi’s Jordan operations with its 15 local branches. Retail Banking Days after Accord, UAE businesses are already pushing ahead with Project Israel News Aggregation Team Monday, September 21, 2020 1:00 am http://mebankers.net/article/35852/days-after-accord-uae-businesses-are-already-pushing-ahead-with-project-israel Private businesses to soon join in but will seek preferential tax breaks Alternative Investments Financial services must think open source News Aggregation Team Monday, September 21, 2020 1:00 am http://mebankers.net/article/35854/financial-services-must-think-open-source They need to give inhouse talent access to what’s happening in ‘upstream communities’ Alternative Investments Non-performing loans in Egypt’s banks drop to 3.9% end-June News Aggregation Team Sunday, September 20, 2020 1:00 am http://mebankers.net/article/35842/non-performing-loans-in-egyptamprsquos-banks-drop-to-39-end-june Banks allocate EGP 150.079bn to address doubtful debts, alongside reserves of EGP 319.817bn Alternative Investments Inside Saudi Arabia's $810bn tourism transformation News Aggregation Team Sunday, September 20, 2020 1:00 am http://mebankers.net/article/35846/inside-saudi-arabiaamp039s-810bn-tourism-transformation New mega tourism projects will occupy an area in excess of 64,634 sq km over the next decade Alternative Investments ADQ acquires shares in global logistics firm Aramex News Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35819/adq-acquires-shares-in-global-logistics-firm-aramex Headquartered in Abu Dhabi, ADQ was established in 2018 as a public joint stock company (PJSC) Alternative Investments Wiz Holding closes $2mn seed round News Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35820/wiz-holding-closes-2mn-seed-round Wiz Shops is a tech e-commerce platform that will empower SMEs across the region, transforming their offline business to online. Alternative Investments Preqin opens new office in Dubai News Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35822/preqin-opens-new-office-in-dubai Permanent location established to serve the fast-growing client base in the Middle East Alternative Investments Gulf loan market subdued but government-related entity deals surge - ADIB News Aggregation Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35826/gulf-loan-market-subdued-but-government-related-entity-deals-surge-adib The subdued loan market contrasts with international bond issues from the region, which are on track for a record year Alternative Investments Abu Dhabi investment office to open Tel Aviv site, its 1st outsie the UAE News Aggregation Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35828/abu-dhabi-investment-office-to-open-tel-aviv-site-its-1st-outsie-the-uae ADIO and Invest in Israel, which is part of the economy ministry, agreed two weeks ago on bilateral investment cooperation, according to Reuters. Alternative Investments Israeli and Emirati diamond exchanges sign 'collaboration agreement' News Aggregation Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35829/israeli-and-emirati-diamond-exchanges-sign-amp039collaboration-agreementamp039 Diamond exchanges in Israel and the UAE plan to open offices in each other's countries following the signing of the Abraham Accords this week. Alternative Investments Credit Suisse AM partners with Qatar Investment Authority News Aggregation Team Thursday, September 17, 2020 1:00 am http://mebankers.net/article/35817/credit-suisse-am-partners-with-qatar-investment-authority Credit Suisse Asset Management has partnered with Qatar Investment Authority to create a private credit platform. Wealth & Asset Management Shake-up at Luxembourg’s Qatar-owned Quintet bank News Aggregation Team Wednesday, September 16, 2020 1:00 am http://mebankers.net/article/35780/shake-up-at-luxembourgamprsquos-qatar-owned-quintet-bank Private lender has implemented wide-ranging corporate restructuring Wealth & Asset Management UBS makes sustainable investments the preferred solution for clients of its USD 2.6 trillion global wealth management business News Team Tuesday, September 15, 2020 1:00 am http://mebankers.net/article/35779/ubs-makes-sustainable-investments-the-preferred-solution-for-clients-of-its-usd-26-trillion-global-wealth-management-business UBS is the first major global financial institution to recommend sustainable over traditional solutions for private clients investing globally Wealth & Asset Management Sanctum Wealth: The Great Disconnect News Team Monday, September 07, 2020 1:00 am http://mebankers.net/article/35658/sanctum-wealth-the-great-disconnect Effectively, markets now stand assured that Fed will hold off hikes even if inflation spikes beyond 2% temporarily and hence, rates will stay lower for longer (consensus is until 2023). Wealth & Asset Management Wealth management gets digital intervention News Aggregation Team Sunday, September 06, 2020 1:00 am http://mebankers.net/article/35638/wealth-management-gets-digital-intervention But best option for the future will be to mix it up with human element Wealth & Asset Management HSBC teams up with Pollination for 'natural capital' venture News Aggregation Team Thursday, August 27, 2020 1:00 am http://mebankers.net/article/35495/hsbc-teams-up-with-pollination-for-amp039natural-capitalamp039-venture Aim to launch $1bln real assets fund by middle of 2021 Wealth & Asset Management Sanctum Wealth: Fuzzy Markets News Team Tuesday, August 25, 2020 1:00 am http://mebankers.net/article/35453/sanctum-wealth-fuzzy-markets The market senses that economic activity could be losing momentum. Wealth & Asset Management Global dividends plunge by $108bn during Covid-19 crisis News Aggregation Team Monday, August 24, 2020 1:00 am http://mebankers.net/article/35442/global-dividends-plunge-by-108bn-during-covid-19-crisis Study of world’s largest 1,200 companies reveals biggest quarterly drop since records began Wealth & Asset Management Gold could head as high as $3,400, VanEck CEO says as metal pulls back from records News Aggregation Team Thursday, August 13, 2020 1:00 am http://mebankers.net/article/35287/gold-could-head-as-high-as-3400-vaneck-ceo-says-as-metal-pulls-back-from-records “We became really bullish last summer when gold broke out of its six-year sort of sideways market, and then the other technical confirmation happened when it went to all-time highs a month or so ago,” van Eck said Monday on CNBC Wealth & Asset Management Look for Value in True Growth or Solid Dividends News Team Tuesday, August 11, 2020 1:00 am http://mebankers.net/article/35238/look-for-value-in-true-growth-or-solid-dividends Over the longer term, we completely accept very low interest rates are a boon for true growth stocks such as tech companies, but we should not forget emerging markets. Wealth & Asset Management ila wins big at Transform Awards, MEA News Aggregation Team Monday, September 21, 2020 1:00 am http://mebankers.net/article/35851/ila-wins-big-at-transform-awards-mea ila’s brand is built around the concept of a journey and logo design is based on reflection- the English logo has been designed as a reflection of the Arabic in mind, keeping the brand promise at heart– “banking that reflects you”. FinTech Digital economy in UAE eyes fast lane News Aggregation Team Monday, September 21, 2020 1:00 am http://mebankers.net/article/35853/digital-economy-in-uae-eyes-fast-lane MBRIF - a Dh2 billion initiative set up to support innovators - now has 43 members, of which 39 are in its Accelerator programme and four in its Guarantee Scheme. FinTech Why cashless payment is catching on in UAE News Aggregation Team Sunday, September 20, 2020 1:00 am http://mebankers.net/article/35843/why-cashless-payment-is-catching-on-in-uae September has seen the launch of two major cashless payment initiatives in UAE FinTech Emirates Digital Wallet’s Digital Cash Platform, klip, now Live News Aggregation Team Sunday, September 20, 2020 1:00 am http://mebankers.net/article/35844/emirates-digital-walletamprsquos-digital-cash-platform-klip-now-live Emirates Digital Wallet LLC, along with First Abu Dhabi Bank (FAB), Mashreq Bank, National Bank of Fujairah and Mastercard have announced the launch of klip, Emirates Digital Wallet’s Digital Cash Platform. FinTech Investor appetite in Middle East’s FinTech sector remains strong News Aggregation Team Thursday, September 17, 2020 1:00 am http://mebankers.net/article/35801/investor-appetite-in-middle-eastamprsquos-fintech-sector-remains-strong An upshot from the crisis and the resultant lockdown has been that consumers across the world have developed a preference for mobile-based transactions, as most things had to be done from within the confines of their home. FinTech TAMM launches second phase of ‘Abu Dhabi Pay’ platform News Aggregation Team Wednesday, September 16, 2020 1:00 am http://mebankers.net/article/35794/tamm-launches-second-phase-of-amplsquoabu-dhabi-payamprsquo-platform Residents and citizens now able to use ‘payit’, the popular digital wallet application FinTech Wealthtech Spending to Reach US$24B Annually by 2023 News Aggregation Team Tuesday, September 15, 2020 1:00 am http://mebankers.net/article/35759/wealthtech-spending-to-reach-us24b-annually-by-2023 COVID-19 is Redefining the Tech Investment Roadmap, Source: Wealth Management Technology Forecast 2020-2023, Celent, August 2020 FinTech More Qatar companies now going for digital transformation: KPMG News Aggregation Team Monday, September 14, 2020 1:00 am http://mebankers.net/article/35748/more-qatar-companies-now-going-for-digital-transformation-kpmg Qatar maximised their gas reserves by investing wisely on energy. FinTech Finding ways to connect with UAE’s unbanked News Aggregation Team Monday, September 14, 2020 1:00 am http://mebankers.net/article/35750/finding-ways-to-connect-with-uaeamprsquos-unbanked Top up features in Wages Protection System ties blue-collar workforce to new ways FinTech BisB launches end-to-end account opening solution News Aggregation Team Monday, September 14, 2020 1:00 am http://mebankers.net/article/35752/bisb-launches-end-to-end-account-opening-solution This digital innovation goes beyond creating an improved experience for the Bank’s corporate customers by offering increased convenience through a simplified process and shorter time frame. FinTech Fitch Named Best Islamic Finance Rating Agency by GIFA 2020 News Aggregation Team Monday, September 21, 2020 1:00 am http://mebankers.net/article/35849/fitch-named-best-islamic-finance-rating-agency-by-gifa-2020 It is the leading agency to provide globally standardised cross-sector rating action sector commentaries and takaful-specific considerations within its global insurance rating criteria. Islamic Finance Islamic Finance In The Global Digital Economy News Aggregation Team Sunday, September 20, 2020 1:00 am http://mebankers.net/article/35837/islamic-finance-in-the-global-digital-economy Islamic finance can be seen as a unique form of socially responsible investment. Islamic Finance Sharjah Islamic Bank wins Sukuk Deal of the Year 2020 Award News Aggregation Team Sunday, September 20, 2020 1:00 am http://mebankers.net/article/35839/sharjah-islamic-bank-wins-sukuk-deal-of-the-year-2020-award The bank was able to generate significant momentum from regional and international investors, reflecting strongly on their reputation as a source of quality credit in the financial markets. Islamic Finance UAE, Bahrain, Turkey top Islamic countries on World Bank Human Capital Index News Aggregation Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35831/uae-bahrain-turkey-top-islamic-countries-on-world-bank-human-capital-index The World Bank’s analysis shows that pre-pandemic most countries had made steady progress in building human capital but there’s a lot of room for improvement for Islamic countries. Islamic Finance UAE's Emirates Islamic Bank confirms $500mln bond sale News Aggregation Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35833/uaeamp039s-emirates-islamic-bank-confirms-500mln-bond-sale Sukuk offering is latest in series of bond issuance in UAE Islamic Finance Saudi 'proxy' Bahrain grabs $2 billion with bond comeback News Aggregation Team Thursday, September 17, 2020 1:00 am http://mebankers.net/article/35811/saudi-amp039proxyamp039-bahrain-grabs-2-billion-with-bond-comeback Rated ‘junk’ by S&P and Fitch, Bahrain began marketing the deal at around 4.5% for the sukuk and around 5.75% for the conventional bonds earlier on Wednesday. Islamic Finance Oman plans to launch third issue of sovereign sukuk issue News Aggregation Team Tuesday, September 15, 2020 1:00 am http://mebankers.net/article/35775/oman-plans-to-launch-third-issue-of-sovereign-sukuk-issue The sukuk issue will be listed on the Muscat Securities Market (MSM) and the Muscat Clearing and Depository Company (MCDC) will undertake all matters related to the registration of Islamic bonds and the payment of these Islamic bonds holders, the ministry Islamic Finance Emirates Islamic Bank hires banks for 5-year dollar sukuk - document News Aggregation Team Tuesday, September 15, 2020 1:00 am http://mebankers.net/article/35777/emirates-islamic-bank-hires-banks-for-5-year-dollar-sukuk-document It hired Emirates NBD Capital, HSBC, The Islamic Corporation for the Development of the Private Sector, and Standard Chartered to arrange investor calls Islamic Finance KFH–Bahrain Launches A First-Of-Its-Kind Islamic Securitization Program News Aggregation Team Monday, September 14, 2020 1:00 am http://mebankers.net/article/35753/kfhampndashbahrain-launches-a-first-of-its-kind-islamic-securitization-program The Securitization Program has been designed in a way that can also be used for nonKFH-Bahrain financing portfolios, where the Bank acts as an arranger. Islamic Finance QIB honoured at The Asian Banker’s prestigious award ceremony News Aggregation Team Monday, September 14, 2020 1:00 am http://mebankers.net/article/35755/qib-honoured-at-the-asian-bankeramprsquos-prestigious-award-ceremony This is a testament to the significant progress QIB has made in establishing itself as a leading banking institution in the Middle East while maintaining its leadership position in Qatar. Islamic Finance Fund raising for Lebanon: Julius Baer Cares and Julius Baer Foundation support emergency relief efforts News Team Tuesday, September 22, 2020 1:00 am http://mebankers.net/article/35858/fund-raising-for-lebanon-julius-baer-cares-and-julius-baer-foundation-support-emergency-relief-efforts The funds will be equitably distributed among the Lebanese Red Cross, the Lebanese Hospital Geitaoui, the Saint George Hospital University Medical Center and the Assameh Birth and Beyond Pediatric Unit in Karantina Hospital. Research, Comment and Analysis Saudi Arabia's banking market is heating up as customers are increasingly looking for new offers and a differentiated banking experience News Team Tuesday, September 22, 2020 1:00 am http://mebankers.net/article/35859/saudi-arabiaamp039s-banking-market-is-heating-up-as-customers-are-increasingly-looking-for-new-offers-and-a-differentiated-banking-experience The results suggest that customers have multiple banking relationships and switch banks easily. Research, Comment and Analysis SMEs impact on Qatar banking system asset quality low: Moody’s News Aggregation Team Tuesday, September 22, 2020 1:00 am http://mebankers.net/article/35860/smes-impact-on-qatar-banking-system-asset-quality-low-moodyamprsquos Retail exposure is mainly to Qatari nationals where job losses have been negligible, and the real estate market is in a cooling-off period for the past few years and new lending to the sector has therefore been relatively limited. Research, Comment and Analysis CBE expected to keep interest rates on hold Thursday News Aggregation Team Tuesday, September 22, 2020 1:00 am http://mebankers.net/article/35865/cbe-expected-to-keep-interest-rates-on-hold-thursday On an annual basis, this is due to lower food prices and weak consumer spending from HC Securities and Investment's point of view, who currently expect inflation to decline to approximately 5% in Q4 of 2020. Research, Comment and Analysis MEA Women in Fintech with Nejoud Al Mulaik from Saudi Arabia News Aggregation Team Monday, September 21, 2020 1:00 am http://mebankers.net/article/35855/mea-women-in-fintech-with-nejoud-al-mulaik-from-saudi-arabia Nejoud has worked for 10-years at JPMorgan Chase Bank in the corporate investment banking space. Research, Comment and Analysis Qatar is ‘steady and strong on the path to recovery’ from Covid-19 News Aggregation Team Monday, September 21, 2020 1:00 am http://mebankers.net/article/35856/qatar-is-amplsquosteady-and-strong-on-the-path-to-recoveryamprsquo-from-covid-19 Good planning in the form of the Qatar National Vision 2030, combined with a drop of good luck – the magic ingredient which can transform solid strategy into visionary foresight – has put Qatar in the driving seat for recovery. Research, Comment and Analysis Will the chance to retire in Dubai appeal to British expats? News Aggregation Team Sunday, September 20, 2020 1:00 am http://mebankers.net/article/35838/will-the-chance-to-retire-in-dubai-appeal-to-british-expats Arabian Business asks the experts whether the emirate's new retirement visa will be an attractive option for UK citizens Research, Comment and Analysis Turkish banking sector’s credit volume increases News Aggregation Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35823/turkish-banking-sectoramprsquos-credit-volume-increases The Turkish banking sector – including all types of lenders – posted TL 30.87 billion in net profits during the first half of 2020, according to another report from the BDDK. Research, Comment and Analysis Lebanese banks turning to France to outflank government rescue plan News Aggregation Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35824/lebanese-banks-turning-to-france-to-outflank-government-rescue-plan An official at Macron’s office said it wasn’t aware of the meeting. Research, Comment and Analysis Qatar, US support strong and united GCC News Aggregation Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35825/qatar-us-support-strong-and-united-gcc The two sides highlighted the strength of the bilateral relationship, opportunities to further deepen cooperation to benefit both countries, and the sustained implementation of previously signed agreements and arrangements. Research, Comment and Analysis Egypt-Based EFG-Hermes Sells Controlling Stake In British Solar Project For $647M News Aggregation Team Friday, September 18, 2020 1:00 am http://mebankers.net/article/35821/egypt-based-efg-hermes-sells-controlling-stake-in-british-solar-project-for-647m Keen to develop another renewable energy portfolio, EFG-Hermes is now looking beyond Asia for investments. Investment Bank Japan's Nomura cuts investment banking jobs in Dubai News Aggregation Team Tuesday, September 15, 2020 1:00 am http://mebankers.net/article/35768/japanamp039s-nomura-cuts-investment-banking-jobs-in-dubai Tokyo-based brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other offices Investment Bank National Bank of Oman Brings in Global Expert for Online Event on European Equity Markets News Aggregation Team Tuesday, September 08, 2020 1:00 am http://mebankers.net/article/35660/national-bank-of-oman-brings-in-global-expert-for-online-event-on-european-equity-markets National Bank of Oman (NBO) recently held a virtual event in collaboration with Franco-German financial group, Oddo BHF Investment Bank Saxo Bank MENA region client base grows by more than 150% contributing to a sizeable increase in Group net profits News Team Thursday, September 03, 2020 1:00 am http://mebankers.net/article/35609/saxo-bank-mena-region-client-base-grows-by-more-than-150-contributing-to-a-sizeable-increase-in-group-net-profits More than 80,000 new active clients joined the group across all global markets in the first half of 2020 Investment Bank Strong capital base gives SABB buffer against pandemic shock News Aggregation Team Thursday, August 27, 2020 1:00 am http://mebankers.net/article/35505/strong-capital-base-gives-sabb-buffer-against-pandemic-shock SABB is focused on three core priorities: Supporting its customers, integrating the two banks and positioning the bank for future growth. Investment Bank Mashreq Bank outlines investment trends to navigate the global economy in uncertain times News Team Thursday, August 27, 2020 1:00 am http://mebankers.net/article/35506/mashreq-bank-outlines-investment-trends-to-navigate-the-global-economy-in-uncertain-times Low interest rates will result in investors hunting for higher yields Investment Bank GFH takes majority stake in GB Corp News Aggregation Team Tuesday, August 25, 2020 1:00 am http://mebankers.net/article/35469/gfh-takes-majority-stake-in-gb-corp As of December 2019, GB Corp reported total assets of $125 million and assets under management of approximately $500 million. Investment Bank GFH increases GB Corp shareholding to majority stake of 50.4% News Team Monday, August 24, 2020 1:00 am http://mebankers.net/article/35449/gfh-increases-gb-corp-shareholding-to-majority-stake-of-504 Transaction reflects continued ability to capture strategic opportunities for growth and revenue generation Investment Bank Egyptian bank Beltone diversifies in hunt for profitability News Aggregation Team Wednesday, August 19, 2020 1:00 am http://mebankers.net/article/35384/egyptian-bank-beltone-diversifies-in-hunt-for-profitability Beltone, controlled by Egyptian billionaire Naguib Sawiris, had already obtained licences for the new companies this month, hired staff, set up offices and even agreed on some deals. Investment Bank Shuaa Capital returns back into black News Aggregation Team Thursday, August 13, 2020 1:00 am http://mebankers.net/article/35285/shuaa-capital-returns-back-into-black Shuaa's investment banking business continued to increase its focus on capital raising and restructuring mandates Investment Bank 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 Covid-19 accelerates urgency of people wanting to retire in secure countries News Aggregation Team Sunday, September 13, 2020 1:00 am http://mebankers.net/article/35736/covid-19-accelerates-urgency-of-people-wanting-to-retire-in-secure-countries Dubai's retirement visa scheme will help expats to start saving towards their retirement goals Covid-19 UAE commercial property market to take a hit as office work is changing News Aggregation Team Sunday, August 30, 2020 1:00 am http://mebankers.net/article/35531/uae-commercial-property-market-to-take-a-hit-as-office-work-is-changing Remote working trend due to COVID-19 could lead to decline in demand Covid-19 Here Are the Islamic Financial Market Post-Covid Challenges News Aggregation Team Thursday, August 27, 2020 1:00 am http://mebankers.net/article/35499/here-are-the-islamic-financial-market-post-covid-challenges The predictions also suggest a recovery in the market following the recession, with Malaysia, the GCC and Turkey leading the recovery. Covid-19 Businesses cannot hide behind COVID-19 for awful consumer experiences News Aggregation Team Tuesday, August 25, 2020 1:00 am http://mebankers.net/article/35460/businesses-cannot-hide-behind-covid-19-for-awful-consumer-experiences Shoddiness in service is starting to show up frequently, and this is a warning sign Covid-19 COVID-19: World Bank chief warns extreme poverty could surge by 100m News Aggregation Team Friday, August 21, 2020 1:00 am http://mebankers.net/article/35410/covid-19-world-bank-chief-warns-extreme-poverty-could-surge-by-100m 'Number could go higher' if pandemic worsens or drags on Covid-19 Dubai authorities clarify protocol for returning residents News Aggregation Team Wednesday, August 19, 2020 1:00 am http://mebankers.net/article/35378/dubai-authorities-clarify-protocol-for-returning-residents Mandatory 14-day quarantine is not required for residents who have presented a negative test result certificate at the airport Covid-19 Most Covid-19-induced positive behaviours are here to stay News Aggregation Team Tuesday, August 18, 2020 1:00 am http://mebankers.net/article/35354/most-covid-19-induced-positive-behaviours-are-here-to-stay “the pandemic has not only encouraged personal change, but also spurred changes in some longstanding social constructs.” Covid-19 Covid-19 impact: Will hybrid office models pave the way forward? News Aggregation Team Friday, August 14, 2020 1:00 am http://mebankers.net/article/35309/covid-19-impact-will-hybrid-office-models-pave-the-way-forward Companies that recognise that the future is built on a foundation of flexibility and openness, are more likely to thrive Covid-19 MoPH updates list of Covid-19 low risk countries News Aggregation Team Thursday, August 13, 2020 1:00 am http://mebankers.net/article/35291/moph-updates-list-of-covid-19-low-risk-countries After the week has elapsed, the traveller must go to one of the dedicated health centres to get another Coronavirus test. Covid-19