DDCAP has an extensive track record within the Islamic finance industry, employing over 35 professionals with broad and complementary skill sets drawn from diverse financial industry backgrounds, focused principally on providing service to Islamic financial market participants around the world. IFINTEC Finance Technologies Conference and Exhibition, People photo created by freepik www.freepik.com, 19 Upcoming Fintech Events to Attend in the Middle East, Upcoming Fintech and Digital Finance Events in MENA, Dubai: Top 11 Upcoming Fintech Events Taking Place in H1 2022, EBINTEC Banking Innovation Conference and Exhibition, Back To The Future: 8 Features of Fast and Future-Proof BNPL Technology, The Future of Competitive Advantage in Banking and Payments, Rise of Digital Payments in MENA Region: 2023 Digital Payment Trends. MEBIS+ will delve into how factors such as automation, AI, machine learning, data analytics and digital transformation are pushing the industry into the future and creating a dynamic, growth-focused banking culture. Shahebaz Khan - General Manager for UAE, Visa. Banks are undergoing digital transformation. Held in the UAE, senior executives and officials from banks, financial regulators, government entities, consultancies, technology companies, law firms and other organisations gather to discuss the major challenges and opportunities facing the industry. Now in its sixth year, the Forum is one of the leading banking conferences in the region. Understand the political, policy and economic outlook with EIUs award-winning forecasts, analysis and data. Israel captured the West Bank and east Jerusalem, along with the Gaza Strip, in the 1967 Mideast war. USD 146 Billion). As one of the leading banks in the UAE, CBD offers a wide range of products and services catering to corporate, commercial, small business, retail as well as Islamic customers backed with excellent customer service. Middle East Banking Forum During this session, we will hear from young entrepreneurs who have wild ideas on how the industry needs to change, for the benefit of all stakeholders, Jari Ala-Ruona - Co-Founder & CEO, Aion Sigma, Maryna Potemkina - Co-Founder & COO, UPUP, Yaroslav Golovach - Co-Founder & CTO, UPUP. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Sohail Zubairi, Senior Advisor Islamic Finance, Department of Economic Development (Dubai Economy). How can the financing of Shariah compliant assets continue to contribute to the achievement of the UN SDGs and towards the Paris Accord? The number of registered mobile money accounts grew 9 percent to 56 million. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Ikbal Daredia, Advisor to CEO, Acting Director Global Markets and Fixed Income (GMFI) and Acting Director Treasury, The Islamic Corporation for the Development of the Private Sector Sky News Arabia is a leading pan-Arab news organization broadcasting 24/7 to households across the Arabic speaking world. KFHs long-trailed acquisition of Bahrains AUB has further concentrated banking in the hands of the countrys two largest institutions. The latest, and potentially groundbreaking, development in the State of Kuwait is the amendment of the Public Debt Law, which if passed, would potentially signal the nations first sovereign Sukuk. Evaluate the Middle East's banking sector resilience. 5 May 22, 2023 8:44 AM UTC Updated ago. Yet efforts to further boost the private sector and attract foreign investment face stiff challenges. Emirates NBD is a leading banking Group in the region. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. IFN Middle East Forum 2021 - REDmoney Events and what will be the impact of recent trends in the industry, such as green sukuk, Islamic fintech, and the alignment with ESG and SRI principles? Co-Founder and Investment Director, Genesis Capital LATAM, Rizwan Malik The cookie is used to store the user consent for the cookies in the category "Other. According to the State of Fintech report, the number of startups offering financial services in the Middle East and North Africa (MENA) region doubled from just 46 in 2013 to 105 in 2015. The 3rd edition of Finnovex Middle East will take place from September 7 to 8, 2021 and feature more than 40 expert speakers who will discuss the latest trends in the space including open banking, customer experience, cybersecurity, data integration and more. We use This important two-days conference will articulate the importance to commit to Digital Transformation to accomplish a promising future vision; namely, delivering best-quality integrated and comprehensive banking system. Partner, Squire Patton Boggs, Dr Yasser Gado Digitalisation, demanding customers, competition from unexpected quarters, cyber attacks and constantly evolving regulation. Empower your company with insights from EIUs country and industry specialists. Whats Powering the Fintech Revolution in the Middle East? Director, Development Effectiveness Department, The Islamic Corporation for the Development of the Private Sector, Paula Tavangar Founder and Managing Director, Moxie Future, Mohamad El Khalil Over the past five years, the value of transactions between mobile money platforms and banks grew fourfold, reaching $68 billion in 2020, up from just $15 billion in 2015. Malaysia became the first country to set up an Islamic, Its first public issuance after the landmark Formosa Sukuk facility was issued in January 2020, Qatar Islamic Bank (QIB) successfully closed a US dollar-denominated Sukuk facility. We have one of the largest and most experienced analyst teams in the world. The banks in the Arab World are in the process of digitization that will see consumers access financial services through their fingertips, as financial technology start-ups have already started disrupting the industry to offer seamless, transparent and touchless experience.. Moodys is a global risk assessment firm that empowers organizations to make better decisions. Topics to be discussed include the phenomenon of de-risking, improving the customer experience, mobile banking, cyber security, business resilience, fraud prevention and the impact of financial technology. CNBC Arabia is the Arab World's preeminent and first 24-hour Arabic language financial and business information Channel, presenting in-depth & up-to-the-minute coverage of regional and international affairs from an Arab economic perspective. The ITFC commenced operations in January 2008 and has since consolidated all trade finance businesses that used to be handled by various windows within the IDB Group. Providing advisory services to business and governments. This growing annual event, now in its fourth year, visits Abu Dhabi to gather senior executives from regional and international banks. Revealingly, the largest s, Find our research on the Bloomberg Terminal, Dow Jones Factiva, Eikon, S&P Capital IQ, LexisNexis and more. Fy 2024 Budget Request for The Middle East and North Africa The bank currently has 233 branches and 1081 ATMs and SDMs in the UAE and overseas and a large social media following, being the only bank in the Middle East ranked among the top 20 in the Power 100 Social Media Rankings, compiled by The Financial Brand. Profits have improved across the sector, even as lending eases following last years Fifa World Cup. Currently, the shareholders of the ICD are the IDB (50%), 53 Islamic countries (30%) and five public financial institutions (20%). The Islamic Economy: Improving Livelihoods and Creating Prosperity, Funding Opportunities and Growth: GCC Islamic Corporate Finance and Capital Markets, Green, Transition and Sustainability-Linked Finance and Investment Shariah Compliant Options, Operational Issues Facing Islamic Financial Institutions in the Gulf, The Evolution of GCC Islamic Financial Technology - Digital Assets, Crowdfunding and Digitization, Omar Mustafa Ansari Senior Advisor Islamic Finance, Department of Economic Development (Dubai Economy), Tayyaba Rasheed We seek the views of a distinguished panel. Halfway through the country's Vision 2030 programme,Saudi Arabiahas made significant progress in its economic reform programme. Find out how to enable it for your browser: While the impact of higher gas prices is set to ease in the short term, expansion of the North Field LNG project will underpin economic growth in the coming years. We ask an expert panel. UAE banking sector to maintain steady growth - Gulf News Here we look at the top 13 upcoming fintech events that are being hosted in the coming months in the Middle East. The Middle Eastern banking industry is currently focusing on putting the needs of the customers at the forefront, rethinking the definition of digital banking with the application of data, analytics, technology and innovation. 2nd Middle East Banking Revolution Forum by CS Events opens in Dubai The company is headquartered in the United Arab Emirates. IFN returns to Saudi Arabia for the seventh time to host one of the biggest events in its annual calendar. Analytical cookies are used to understand how visitors interact with the website. This cookie is set by GDPR Cookie Consent plugin. Palestinian gunmen kill Israeli settler in West Bank | Reuters The sector is facing pressure from a potential new financial crisis and contagion risks in emerging markets, including those in the Middle East. This will help increase financial inclusion in the Arab World, where more than 50 percent of the population remain outside the purview of the banking services,Wissam H Fattouhsaid. Twitter:@ITFCCORP Mubarak Rashed Al Mansoori, Governor of the UAE Central Bank. You also have the option to opt-out of these cookies. Alongside Transition to Net Zero and decarbonisation targets, what is realistically achievable and what does net zero mean for important sectors in the GCC such as aviation, oil and gas and other asset-based industries? 2015 - 2023 Copyright CK Finanzpro Ltd . (adsbygoogle = window.adsbygoogle || []).push({}); We are a leading Fintech News outlet. Tayyaba Rasheed, Head Investment Banking Group, Faysal Bank Contact Who is Middle East Banking Forum Headquarters United Arab Emirates Website www.middleeastbankingforum.com Revenue $46.3M Industry Banking AbdulAziz Abdulla Al-Ghurair - Chairman, UAE Banks Federation 9:10 - 9:20 Opening Remarks by the Governor of UAE Central Bank Comprehensive and cutting-edge, attendance ensures exclusive access to the leaders in their field across all sectors and markets. "In the Middle East, we attach great importance to the Kingdom of Saudi Arabia and are currently engaged in a qualified dialogue with them," the New Development Bank told the Financial Times .
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