The Middle East Banking News Network http://mebankers.net/ Mon, 20 Aug 2018 19:33:25 BST part of MediaG8way Group http://mebankers.net/ http://mebankers.net/assets/images/logo.png The Middle East Banking News Network KohanaPHP REYL Group appoints CEO of REYL Finance in the UAE News Aggregation Team Tuesday, August 14, 2018 1:00 am http://mebankers.net/article/25718/reyl-group-appoints-ceo-of-reyl-finance-in-the-uae Farah is a highly experienced finance executive who joined RMEA as one of its founding members in 2015. On the Move UBS: Replacement for North Korea Jogger News Aggregation Team Tuesday, August 14, 2018 1:00 am http://mebankers.net/article/25725/ubs-replacement-for-north-korea-jogger In May, Brizay, a French national, abruptly joined Bank of America, taking Laurent Dhome, the head of financial sponsors in the same region, along to the U.S. competitor of Switzerland’s largest bank. On the Move KPMG in Qatar brings in Swiss native to head up its tax division News Aggregation Team Thursday, August 09, 2018 1:00 am http://mebankers.net/article/25681/kpmg-in-qatar-brings-in-swiss-native-to-head-up-its-tax-division Previously, Henzen spent four years as a tax advisor with Arthur Andersen. On the Move BNP Paribas Securities Services bolsters UK and Middle East sales team with four senior appointments News Team Thursday, August 09, 2018 1:00 am http://mebankers.net/article/25689/bnp-paribas-securities-services-bolsters-uk-and-middle-east-sales-team-with-four-senior-appointments “I am delighted to announce these new hires, which will bolster our business development capabilities across the asset management, alternatives and asset owner sectors in the UK and the Middle East. Their experience and industry expertise will help On the Move Middle East investment expert joins 90 north advisory team News Team Wednesday, August 08, 2018 1:00 am http://mebankers.net/article/25672/middle-east-investment-expert-joins-90-north-advisory-team Banks has an international reputation as a Middle East expert and GCC (Cooperation Council for the Arab States of the Gulf) regional insider with over 15 years of experience working with government ministries, companies and investors. On the Move Abu Dhabi Islamic Bank makes key hire for digital transformation News Aggregation Team Tuesday, August 07, 2018 1:00 am http://mebankers.net/article/25666/abu-dhabi-islamic-bank-makes-key-hire-for-digital-transformation Serhat Yildirim is named chief digital officer of Abu Dhabi Islamic Bank as part of efforts to accelerate innovation in its online services On the Move SANNE announces senior promotion News Team Monday, August 06, 2018 1:00 am http://mebankers.net/article/25657/sanne-announces-senior-promotion Stephanie and Stephen will lead the Private Debt & Capital Markets business who service more than 120 clients and manage more than 900 structures. On the Move FAB appoints Head of investment for Personal Banking Group News Aggregation Team Friday, August 03, 2018 1:00 am http://mebankers.net/article/25629/fab-appoints-head-of-investment-for-personal-banking-group Alain Marckus will be responsible for overseeing the overall investment framework for FAB clients. On the Move Arun Hari appointed Group Chief Risk Officer at Gulf International Bank News Team Wednesday, August 01, 2018 1:00 am http://mebankers.net/article/25606/arun-hari-appointed-group-chief-risk-officer-at-gulf-international-bank Arun Hari has been appointed as Group Chief Risk Officer as of June 2018. On the Move Alvarez & Marsal expands disputes and investigation practice with addition of Ghazanfar Shah to Middle East team News Team Tuesday, July 31, 2018 1:00 am http://mebankers.net/article/25601/alvarez-ampamp-marsal-expands-disputes-and-investigation-practice-with-addition-of-ghazanfar-shah-to-middle-east-team Appointment of Ghazanfar Shah as Senior Director in its regional Disputes and Investigations practice. On the Move UAE companies' debt set to spike with new IFRS accounting rules News Aggregation Team Monday, August 20, 2018 1:00 am http://mebankers.net/article/25759/uae-companiesamp039-debt-set-to-spike-with-new-ifrs-accounting-rules Hassan said much more liabilities will be recognised on the balance sheet with the new standards. Legal, Tax, Regulation & Compliance Qatar and Turkey Central Banks Sign Swap Agreement: Qatar Central Bank News Aggregation Team Monday, August 20, 2018 1:00 am http://mebankers.net/article/25760/qatar-and-turkey-central-banks-sign-swap-agreement-qatar-central-bank The agreement, which was signed by the heads of the two central banks on Friday, will establish a two-way currency exchange line, the Qatar Central Bank said in a statement posted on its website. Legal, Tax, Regulation & Compliance AlixPartners to oversee AGHF's separation from Abraaj Group News Aggregation Team Monday, August 20, 2018 1:00 am http://mebankers.net/article/25762/alixpartners-to-oversee-aghfamp039s-separation-from-abraaj-group Gobal consulting firm AlixPartners said it has been appointed by investors of the Abraaj Growth Markets Health Fund (AGHF) to oversee the fund's separation from the UAE-based Abraaj Group Legal, Tax, Regulation & Compliance Dawood Ibrahim's finance manager Jabir Moti nabbed in London News Aggregation Team Monday, August 20, 2018 1:00 am http://mebankers.net/article/25765/dawood-ibrahimamp039s-finance-manager-jabir-moti-nabbed-in-london He was arrested by the officials of the Charring Cross Police Station in London. Legal, Tax, Regulation & Compliance Islami Bank plans to open representative office in Dubai News Aggregation Team Sunday, August 19, 2018 1:00 am http://mebankers.net/article/25755/islami-bank-plans-to-open-representative-office-in-dubai Islami Bank also does not have any exchange house or branch in the gulf countries. Legal, Tax, Regulation & Compliance Push to set up banking arbitration News Aggregation Team Sunday, August 19, 2018 1:00 am http://mebankers.net/article/25757/push-to-set-up-banking-arbitration The meeting also discussed collaboration between BAB, the Justice, Islamic Affairs and Endowments Ministry, and the Industry and Commerce and Tourism Ministry to implement “Bankruptcy Laws Awareness Campaign” Legal, Tax, Regulation & Compliance Shuaa Capital seeks licence to manage IPOs News Aggregation Team Sunday, August 19, 2018 1:00 am http://mebankers.net/article/25761/shuaa-capital-seeks-licence-to-manage-ipos Firm has called a shareholders' meeting to seek approval for share buyback Legal, Tax, Regulation & Compliance Kuwait’s Warba Bank receives licence to conduct securities activities News Aggregation Team Friday, August 17, 2018 1:00 am http://mebankers.net/article/25743/kuwaitamprsquos-warba-bank-receives-licence-to-conduct-securities-activities The renewable licence is valid until 13 February 2019. Legal, Tax, Regulation & Compliance These UAE private sector workers will get a six-day holiday News Aggregation Team Friday, August 17, 2018 1:00 am http://mebankers.net/article/25746/these-uae-private-sector-workers-will-get-a-six-day-holiday Few companies have announced Thursday as a holiday. Legal, Tax, Regulation & Compliance DFSA applies limits on Abraaj Capital’s activities in DIFC News Aggregation Team Friday, August 17, 2018 1:00 am http://mebankers.net/article/25747/dfsa-applies-limits-on-abraaj-capitalamprsquos-activities-in-difc Regulator to monitor the company closely as it seeks liquidation Legal, Tax, Regulation & Compliance Other UAE banks attract attention as Emirates NBD extends falls News Aggregation Team Friday, August 17, 2018 1:00 am http://mebankers.net/article/25753/other-uae-banks-attract-attention-as-emirates-nbd-extends-falls Shares Emirates NBD, which has a weightage of more than 7% on the index, have shed 15% in the past eight sessions Retail Banking SMEs can flourish with sound financial advice: National Bank of Fujairah News Team Wednesday, August 15, 2018 1:00 am http://mebankers.net/article/25731/smes-can-flourish-with-sound-financial-advice-national-bank-of-fujairah The ease of doing business and competitiveness are two of the leading characteristics that set the UAE apart from other markets Retail Banking Bank ABC posts $113m H1 net profit News Aggregation Team Monday, August 13, 2018 1:00 am http://mebankers.net/article/25710/bank-abc-posts-113m-h1-net-profit Ratio of non-performing loans to gross loans was at 3.9% compared to 2017 year-end levels of 3.5%, and normalises to 3.0%, when legacy fully provided loans are adjusted for. Retail Banking Emirates Investment Bank Q2 net profit surges 33% News Aggregation Team Friday, August 10, 2018 1:00 am http://mebankers.net/article/25691/emirates-investment-bank-q2-net-profit-surges-33 The bank’s net profit for the first half (H1) of 2018 was up 5.6% Retail Banking Doha Bank wins ‘Most Outstanding Business Bank 2018’ in Qatar award News Aggregation Team Tuesday, August 07, 2018 1:00 am http://mebankers.net/article/25665/doha-bank-wins-amplsquomost-outstanding-business-bank-2018amprsquo-in-qatar-award This year has been rewarding for us as our efforts continue to be recognised by top institutions. Retail Banking GIB on track to become local bank in Saudi News Aggregation Team Tuesday, August 07, 2018 1:00 am http://mebankers.net/article/25663/gib-on-track-to-become-local-bank-in-saudi On the date of establishment of a subsidiary, following all necessary regulatory approvals, current GIB branches (Dhahran, Riyadh and Jeddah) would become branches of GIB KSA. Retail Banking NBK – Egypt H1 net profit surges 36pc News Aggregation Team Monday, August 06, 2018 1:00 am http://mebankers.net/article/25641/nbk-ampndash-egypt-h1-net-profit-surges-36pc While customer loans and advances reached EGP38.39 billion as of end 1H2018, growing at 13.20 per cent year-on-year, compared to EGP33.91 billion for the end of December 2017. Retail Banking Turkish banks extend project finance loans to foreign lenders News Aggregation Team Monday, August 06, 2018 1:00 am http://mebankers.net/article/25642/turkish-banks-extend-project-finance-loans-to-foreign-lenders Garanti Bank sold $250 million worth of loans to Chinese and American banks and Halkbank is also in talks to sell loans. Retail Banking Warba Bank Realizes Profit in the First Half of 2018 News Team Monday, August 06, 2018 1:00 am http://mebankers.net/article/25644/warba-bank-realizes-profit-in-the-first-half-of-2018 Bringing about Breakthrough in Islamic banking industry, Warba's Financing Solutions Meet Business Environment Ambitions Retail Banking Israel's Mizrahi, Union Bank to appeal anti-trust ruling on merger News Aggregation Team Monday, August 06, 2018 1:00 am http://mebankers.net/article/25647/israelamp039s-mizrahi-union-bank-to-appeal-anti-trust-ruling-on-merger The Bank of Israel, the country’s banking regulator, has been a longstanding supporter of the proposed deal. Retail Banking Trade between Hong Kong, UAE hits $4.63bln in H1 2018 News Aggregation Team Monday, August 20, 2018 1:00 am http://mebankers.net/article/25754/trade-between-hong-kong-uae-hits-463bln-in-h1-2018 The UAE is Hong Kong's 18th largest trading partner Alternative Investments Property buyers dive in as Turkey’s lira plunges News Aggregation Team Monday, August 20, 2018 1:00 am http://mebankers.net/article/25763/property-buyers-dive-in-as-turkeyamprsquos-lira-plunges This week’s currency crisis has prompted a flood of overseas buyers seeking bargains Alternative Investments Saudi Arabia’s Problem Is Capital, not Canada News Aggregation Team Monday, August 20, 2018 1:00 am http://mebankers.net/article/25764/saudi-arabiaamprsquos-problem-is-capital-not-canada This is less than the $80 billion lost in 2017, but a sign of a continued bleed. Significantly, the projection was made before the contretemps with Canada. Alternative Investments Here's where foreign real estate investors are buying in New York City News Aggregation Team Monday, August 20, 2018 1:00 am http://mebankers.net/article/25766/hereamp039s-where-foreign-real-estate-investors-are-buying-in-new-york-city New York has remained one of the most expensive real estate markets in the world, helped by foreign buyers. Alternative Investments Local banks lower investment in T-bills during H1 2018 News Aggregation Team Monday, August 20, 2018 1:00 am http://mebankers.net/article/25767/local-banks-lower-investment-in-t-bills-during-h1-2018 The CBE cut interest rates twice earlier this year, in February and March by 200 basis points, and kept the rates unchanged during May and June meetings at 16.75 percent and 17.75 percent for the overnight deposit rate and the overnight lending rate, resp Alternative Investments Qatar to invest $15b in Turkey's financial markets and banks News Aggregation Team Friday, August 17, 2018 1:00 am http://mebankers.net/article/25750/qatar-to-invest-15b-in-turkeyamp039s-financial-markets-and-banks The countries have maintained strong ties with Ankara standing by Doha after Saudi Arabia and other Arab states cut relations with Qatar last year Alternative Investments Bahrain Islamic Bank Provides Financing for Potential Residents of the Janayin Al Hamala Project News Aggregation Team Thursday, August 16, 2018 1:00 am http://mebankers.net/article/25738/bahrain-islamic-bank-provides-financing-for-potential-residents-of-the-janayin-al-hamala-project This comes in line with our aim to continue to offer a flexible range of financing solutions to suit our clients' needs,” said Dalal Al Qais, General Manager of Retail Banking of BisB. Alternative Investments Arabian Gulf 2018 sovereign bond sales may reach $53bn topping 2017 issuances News Aggregation Team Thursday, August 16, 2018 1:00 am http://mebankers.net/article/25741/arabian-gulf-2018-sovereign-bond-sales-may-reach-53bn-topping-2017-issuances Last year GCC governments sold $49.5bn worth of bonds as they diversified their funding sources Alternative Investments Dubai eyes Dh110B India trade News Aggregation Team Wednesday, August 15, 2018 1:00 am http://mebankers.net/article/25728/dubai-eyes-dh110b-india-trade The emirate is set to attract more SMEs from india Alternative Investments Waha Capital Q2 profit surges 38.5% on investments and assets management businesses News Aggregation Team Tuesday, August 14, 2018 1:00 am http://mebankers.net/article/25715/waha-capital-q2-profit-surges-385-on-investments-and-assets-management-businesses Net profit for the three months to the end of June climbed to Dh132.4 million Alternative Investments How Lombard Odier got into the Islamic investment space News Aggregation Team Wednesday, August 15, 2018 1:00 am http://mebankers.net/article/25736/how-lombard-odier-got-into-the-islamic-investment-space Islamic Business & Finance sits down with Arnaud Leclercq, Limited Partner at Lombard Odier Group about the launch of a certified Shari’ah-compliant mandate aimed at GCC individual investors. Wealth & Asset Management Credit Suisse Is Splitting Its Main Wealth Unit Into 7 Regions News Aggregation Team Tuesday, August 14, 2018 1:00 am http://mebankers.net/article/25717/credit-suisse-is-splitting-its-main-wealth-unit-into-7-regions An announcement about the split, dubbed “Project Momentum,” could come as early as this week, the people said. Wealth & Asset Management Noor Bank Launches Noor Wealth for High Net Worth Individuals News Aggregation Team Monday, August 13, 2018 1:00 am http://mebankers.net/article/25711/noor-bank-launches-noor-wealth-for-high-net-worth-individuals Moreover, dedicated and specially trained Noor Wealth relationship managers enable clients to build investment portfolios based on their risk appetites and financial goals. Wealth & Asset Management Qatar set to be knocked off its position as richest country in the world News Aggregation Team Monday, August 13, 2018 1:00 am http://mebankers.net/article/25708/qatar-set-to-be-knocked-off-its-position-as-richest-country-in-the-world The wealth gap between the two places is also expected to widen beyond 2020 Wealth & Asset Management Millennials warm up to buying property in Dubai News Aggregation Team Wednesday, August 08, 2018 1:00 am http://mebankers.net/article/25674/millennials-warm-up-to-buying-property-in-dubai Lewis Allsopp, CEO of Allsopp & Allsopp, attributes this to two reasons - affordability and mentality. Wealth & Asset Management Dubai and Singapore wealth manager plans fund re-domicile News Aggregation Team Tuesday, August 07, 2018 1:00 am http://mebankers.net/article/25669/dubai-and-singapore-wealth-manager-plans-fund-re-domicile Boutique wealth manager plans to bring its Bahamas-domiciled fund to Singapore Wealth & Asset Management Credit Suisse applies for Saudi banking licence News Aggregation Team Wednesday, August 01, 2018 1:00 am http://mebankers.net/article/25613/credit-suisse-applies-for-saudi-banking-licence “I have been to Riyadh, I met the head of SAMA [the Saudi Arabian Monetary Authority], I made the application myself,” Reuters quoted Thiam as saying in response to a query made during a news conference. Wealth & Asset Management Standard Chartered profits jump despite rising digitising costs News Team Tuesday, July 31, 2018 1:00 am http://mebankers.net/article/25592/standard-chartered-profits-jump-despite-rising-digitising-costs Our improved performance was delivered against a backdrop of continued global economic growth, with strong trade flows and investments and US interest rates continuing to normalise. Wealth & Asset Management Oman hires Standard Chartered to raise as much as $1.2b News Aggregation Team Tuesday, July 31, 2018 1:00 am http://mebankers.net/article/25593/oman-hires-standard-chartered-to-raise-as-much-as-12b To finance infrastructure at the country’s Duqm Special Economic Zone Wealth & Asset Management Global Economy likely to continue rewarding Stock Tilted Investment Portfolios - Barclays News Team Monday, July 30, 2018 1:00 am http://mebankers.net/article/25576/global-economy-likely-to-continue-rewarding-stock-tilted-investment-portfolios-barclays The Q3 2018 Compass report kept a tactical overweight position in Developed Markets Equities, with the preferred developed region to invest in being Continental Europe, and with some exposure to Japan to enhance diversification. Wealth & Asset Management GCC trio in talks to drive regional fintech industry News Aggregation Team Sunday, August 19, 2018 1:00 am http://mebankers.net/article/25756/gcc-trio-in-talks-to-drive-regional-fintech-industry The development of a fintech ecosystem is a vital element of Saudi Arabia’s Vision 2030 economic diversification strategy. FinTech Dubai crypto firm says working with GCC regulators to overcome Saudi ban News Aggregation Team Friday, August 17, 2018 1:00 am http://mebankers.net/article/25752/dubai-crypto-firm-says-working-with-gcc-regulators-to-overcome-saudi-ban BitOasis CEO responds to announcement by Saudi regulator that digital asset trading remains illegal in kingdom FinTech Khalifa issues amendments to UAE Cybercrimes Law News Aggregation Team Wednesday, August 15, 2018 1:00 am http://mebankers.net/article/25727/khalifa-issues-amendments-to-uae-cybercrimes-law Article Nos. 26, 28 and 42 of Federal Decree Law No. 05 of 2012 on Combating Cybercrimes will be replaced with updated provisions FinTech Cryptocurrency is Illegal in Saudi Arabia, Central Bank Says News Aggregation Team Tuesday, August 14, 2018 1:00 am http://mebankers.net/article/25720/cryptocurrency-is-illegal-in-saudi-arabia-central-bank-says No entities or individuals are licensed to deal with Bitcoin or altcoins, the country monetary authority warned. FinTech Investing in people to drive digital future News Aggregation Team Monday, August 13, 2018 1:00 am http://mebankers.net/article/25706/investing-in-people-to-drive-digital-future Bank committed to empowerment and driving digitisation to the next level FinTech Temenos and AUC Venture Lab team up to accelerate fintech innovation in Egypt News Team Monday, August 13, 2018 1:00 am http://mebankers.net/article/25709/temenos-and-auc-venture-lab-team-up-to-accelerate-fintech-innovation-in-egypt Temenos and AUC Venture Lab will also collaborate on events and other community-building activities FinTech National Bank of Egypt upgrades UK treasury and risk management operations with Finastra News Team Monday, August 13, 2018 1:00 am http://mebankers.net/article/25713/national-bank-of-egypt-upgrades-uk-treasury-and-risk-management-operations-with-finastra The integration between Fusion Treasury and Fusion Risk was a key factor in the bank’s decision to partner with Finastra. FinTech Trading in Bitcoin illegal in Saudi Arabia News Aggregation Team Monday, August 13, 2018 1:00 am http://mebankers.net/article/25714/trading-in-bitcoin-illegal-in-saudi-arabia The committee went on to warn citizens about the risks associated with investing in cryptocurrencies FinTech SNIC Insurance selects TCS for digital transformation project News Aggregation Team Friday, August 10, 2018 1:00 am http://mebankers.net/article/25698/snic-insurance-selects-tcs-for-digital-transformation-project Founded in 1974, SNIC Insurance protects individuals and businesses with quality insurance coverage and strong commitment to service. FinTech Saudi Billionaire Resumes His Global Deal-Making News Aggregation Team Thursday, August 09, 2018 1:00 am http://mebankers.net/article/25685/saudi-billionaire-resumes-his-global-deal-making Prince al-Waleed’s tech spending spree lines up with government’s goals; Snap, Deezer investments FinTech Emirates Islamic offers incentive on EV financing News Aggregation Team Friday, August 17, 2018 1:00 am http://mebankers.net/article/25751/emirates-islamic-offers-incentive-on-ev-financing Customers with salaries above Dh30,000 can also benefit by getting up to 100 per cent discount on processing fees. Islamic Finance National Bank of Bahrain in talks to increase its stake in BIB News Aggregation Team Friday, August 17, 2018 1:00 am http://mebankers.net/article/25749/national-bank-of-bahrain-in-talks-to-increase-its-stake-in-bib NBB has entered into initial discussions with Islamic development bank to buy its entire stake in the Bahraini Sharia-compliant lender Islamic Finance Increasing Islamic banking’s global linkage News Aggregation Team Thursday, August 16, 2018 1:00 am http://mebankers.net/article/25739/increasing-islamic-bankingamprsquos-global-linkage Mohamed Rafique Merican, CEO, Maybank Islamic speaks exclusively with Islamic Business & Finance about his plans for the firm in the GCC and beyond. Islamic Finance Saudi mortgage growth to aid rebound in lending at Al Rajhi Bank News Aggregation Team Wednesday, August 15, 2018 1:00 am http://mebankers.net/article/25729/saudi-mortgage-growth-to-aid-rebound-in-lending-at-al-rajhi-bank Saudi Arabia’s new housing project announced in February includes an 18 billion riyal loan-guarantee programme Islamic Finance Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, report half-year profits News Team Tuesday, August 14, 2018 1:00 am http://mebankers.net/article/25721/ithmaar-holding-and-its-wholly-owned-subsidiary-ithmaar-bank-report-half-year-profits Ithmaar Holding’s total assets stood at $8.62billion Islamic Finance Bahrain Islamic Bank posts net profit for First Half of 2018 News Team Tuesday, August 14, 2018 1:00 am http://mebankers.net/article/25722/bahrain-islamic-bank-posts-net-profit-for-first-half-of-2018 An increase of 6 % compared with last year Islamic Finance 1,200 experts to gather for 25th WIBC in Bahrain News Aggregation Team Tuesday, August 14, 2018 1:00 am http://mebankers.net/article/25723/1200-experts-to-gather-for-25th-wibc-in-bahrain Middle East Global Advisors (MEGA), a leading financial intelligence platform facilitating the development of knowledge-based economies in the MENASEA markets, will convene the conference at the ART Rotana Hotel in Amwaj Islands. Islamic Finance Abu Dhabi Islamic Bank hires banks for $750 million sukuk – sources News Aggregation Team Friday, August 10, 2018 1:00 am http://mebankers.net/article/25695/abu-dhabi-islamic-bank-hires-banks-for-750-million-sukuk-ampndash-sources HSBC and JPMorgan have been hired as coordinators for the sukuk deal, said one of the sources, while other banks will join the transaction at a later stage. Islamic Finance Bank Aljazira renews two insurance deals with Aljazira Takaful News Aggregation Team Friday, August 10, 2018 1:00 am http://mebankers.net/article/25696/bank-aljazira-renews-two-insurance-deals-with-aljazira-takaful The personal finance portfolio coverage contract is valued at SAR 15.64 million while the mortgage coverage contract is valued at SAR 17.53 million. Islamic Finance Al Baraka to offer Islamic Banking know-how in new geographies News Team Thursday, August 09, 2018 1:00 am http://mebankers.net/article/25684/al-baraka-to-offer-islamic-banking-know-how-in-new-geographies Signs MoU with Kyrgyzstan's BTA Bank Islamic Finance The Effects of Expats’ Departure on Real Estate Market in Kuwait News Aggregation Team Sunday, August 19, 2018 1:00 am http://mebankers.net/article/25758/the-effects-of-expatsamprsquo-departure-on-real-estate-market-in-kuwait Hike in electricity and water tariffs affected the investment real-estate sector along with the exit of a large number of expatriates. Research, Comment and Analysis Burgan Bank’s operations in Turkey fully hedged against lira fluctuations News Aggregation Team Friday, August 17, 2018 1:00 am http://mebankers.net/article/25744/burgan-bankamprsquos-operations-in-turkey-fully-hedged-against-lira-fluctuations Eguren: We are not anticipating any major impact Research, Comment and Analysis Saudi banks see no significant impact from lira depreciation News Aggregation Team Friday, August 17, 2018 1:00 am http://mebankers.net/article/25748/saudi-banks-see-no-significant-impact-from-lira-depreciation The currency has lost nearly 40 percent against the dollar this year Research, Comment and Analysis UAE’s top-four banks to maintain stable profitability into 2019, report says News Aggregation Team Thursday, August 16, 2018 1:00 am http://mebankers.net/article/25737/uaeamprsquos-top-four-banks-to-maintain-stable-profitability-into-2019-report-says The lenders’ combined net profit in the second quarter rose 21% year-on-year Research, Comment and Analysis Meet the 50 Most Influential Expats in UAE News Aggregation Team Wednesday, August 15, 2018 1:00 am http://mebankers.net/article/25730/meet-the-50-most-influential-expats-in-uae Around 30 per cent of them hail from Arab countries while British expats topped the list with eight executive leaders followed by five expats from Lebanon and Egypt each. Research, Comment and Analysis UAE most competitive economy in Mena region: World Bank, WEF News Aggregation Team Wednesday, August 15, 2018 1:00 am http://mebankers.net/article/25733/uae-most-competitive-economy-in-mena-region-world-bank-wef World Economic Forum and WB reports state that country’s economy is resilient to shock Research, Comment and Analysis Qatar National Bank names Vietnam as Asia’s newest ‘tiger’ economy News Aggregation Team Tuesday, August 14, 2018 1:00 am http://mebankers.net/article/25716/qatar-national-bank-names-vietnam-as-asiaamprsquos-newest-amplsquotigeramprsquo-economy According to QNB analysts, the manufacturing boom fueled exports to annually surge 20 percent in the period compared to the 17 percent increase posted for the entire 2017. Research, Comment and Analysis Qatar Investment Authority becomes largest investor in Credit Suisse News Aggregation Team Monday, August 13, 2018 1:00 am http://mebankers.net/article/25707/qatar-investment-authority-becomes-largest-investor-in-credit-suisse QIA is set to play crucial role in boosting tourism sector of Indonesia. Research, Comment and Analysis Governments Around The World Must Rethink Their Structure In The Face of Disruption News Team Sunday, August 12, 2018 1:00 am http://mebankers.net/article/25704/governments-around-the-world-must-rethink-their-structure-in-the-face-of-disruption Rising Citizen Expectations, Rapid Technological Change, and Increasing Complexity Are Putting Major Pressure on Government—and Making the Traditional Hierarchical Public-Sector Structure Dangerously Outdated Research, Comment and Analysis Want to save? Try this old-school coin bank News Aggregation Team Friday, August 10, 2018 1:00 am http://mebankers.net/article/25692/want-to-save-try-this-old-school-coin-bank #IponChallenge becoming popular among Filipinos in Dubai and it enables them to save in an easy and fun way Research, Comment and Analysis Dubai bank’s Turkish bet just got $1 billion cheaper. And riskier News Aggregation Team Tuesday, August 14, 2018 1:00 am http://mebankers.net/article/25719/dubai-bankamprsquos-turkish-bet-just-got-1-billion-cheaper-and-riskier The lira’s plunge “might trigger a materially adverse clause that would benefit Emirates NBD, creating the possibility of renegotiating the deal,” he said earlier. Investment Bank MENA investment banking fees down for the third year in a row News Aggregation Team Thursday, August 09, 2018 1:00 am http://mebankers.net/article/25686/mena-investment-banking-fees-down-for-the-third-year-in-a-row It compares to a high of $882 million over the same period in 2008 and a low of $259 million in 2011, the report showed. Investment Bank GIB continues to strengthen KSA presence News Aggregation Team Wednesday, August 08, 2018 1:00 am http://mebankers.net/article/25676/gib-continues-to-strengthen-ksa-presence Gulf International Bank (GIB) has announced further progress in the implementation of its expansion strategy to position itself as a pan GCC-universal bank. Investment Bank US firm said to pursue Dubai partnership for Middle East deals News Aggregation Team Friday, August 03, 2018 1:00 am http://mebankers.net/article/25635/us-firm-said-to-pursue-dubai-partnership-for-middle-east-deals Certares’ activities in the Middle East have been largely linked with Qatar Investment Bank DIFC boss in drive toward China’s ‘belt and road’ News Aggregation Team Monday, July 30, 2018 1:00 am http://mebankers.net/article/25581/difc-boss-in-drive-toward-chinaamprsquos-amplsquobelt-and-roadamprsquo Prominent in the Emirati delegation was Arif Amiri, chief executive of the Dubai International Financial Center (DIFC). Investment Bank Egyptian investment bank acquires 100% of Nigeria’s Primera Africa News Aggregation Team Friday, July 20, 2018 1:00 am http://mebankers.net/article/25512/egyptian-investment-bank-acquires-100-of-nigeriaamprsquos-primera-africa We have been consistently focusing on ramping up our services in newly-entered markets Investment Bank Bank Audi is not merging with Bankmed News Aggregation Team Wednesday, July 18, 2018 1:00 am http://mebankers.net/article/25494/bank-audi-is-not-merging-with-bankmed Since the global financial crisis in 2008, international and local regulators have become more wary of oversized banks. Investment Bank First Abu Dhabi Bank sells Jordan business to Société Générale News Aggregation Team Monday, July 16, 2018 1:00 am http://mebankers.net/article/25453/first-abu-dhabi-bank-sells-jordan-business-to-sociampeacutetampeacute-gampeacutenampeacuterale All clients, employees and branches of NBAD Jordan will be transferred to the French lender over the coming months Investment Bank Euromoney names the world’s best banks in its 2018 Awards for Excellence News Aggregation Team Thursday, July 12, 2018 1:00 am http://mebankers.net/article/25438/euromoney-names-the-worldamprsquos-best-banks-in-its-2018-awards-for-excellence Bank of America and Citi win top prizes; Credit Suisse’s Tidjane Thiam is named Banker of the Year; Asian banks make their mark in global awards. Investment Bank Bahrain Hires Lazard to Help Fix Finances News Aggregation Team Wednesday, July 04, 2018 1:00 am http://mebankers.net/article/25358/bahrain-hires-lazard-to-help-fix-finances The options include raising capital from international markets, one of the people said. Bahrain’s Eurobonds dropped after the report. Investment Bank