Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

The 'black magic' bank heist

Black magic is condemned by Islam as blasphemous.

KFH reaps 28 renowned international awards in 2017

Awards recognize KFH Group’s outstanding performances in all fields

Noor Bank Wins Two Accolades at the Service Olympian Awards 2017 in Dubai

Noor Bank was named a winner of the Best Social Media Customer Experience for implementing a meticulous and well thought-out social media strategy that in addition to deploying technology focused on improving the user experience.

Saudi developer plans debut sukuk for social housing

Sukuk are a common funding tool in the Gulf, used predominantly by Islamic banks, sovereigns and sovereign-linked firms, but issuance from private companies is seen as an important step to deepen the market.

Dubai's Al Ahli secures $340m financing to expand mall

The expansion of Dubai Outlet Mall will see 3mln sq ft added to the existing 1.1mln sq ft of built up area.

Islamic banking in Egypt increases 16 % in 2017: official

The volume of deposits has recorded 205 billion pounds by last December, seizing 6.5 percent of the volume of

Bahrain Islamic Bank posts BD 10.1 million net profit

Dr. Fakhro stated that total operating income for the last quarter of 2017 amounted to BD 10.3 million compared to BD 13.1 million for the same period last year.

Saudi exchange ‘aims to dominate Arabian Gulf markets’

This thinking has already been happening. It is the will and intention of the Tadawul to grow itself and become the biggest stock exchange in the region.

Dubai Islamic Bank to begin branchless banking by June

Nine conventional banks and financial institutions are already offering branchless banking services in Pakistan in collaboration with mobile phone services firms and technology companies.

Al Rajhi Bank: Looking to the future

In a conversation with Robin Amlôt, Consultant at CPI Financial, Steve Bertamini, CEO of Al Rajhi Bank, talks about the bank’s performance in 2017 and its plans in the economic development of the Kingdom of Saudi Arabia.

Noor Bank weighing sale of Islamic bonds

Lender plans to spend about $136m over next 3 years, mainly on technology upgrades to improve services and lower costs

ADIB fourth-quarter net profit up 33.4% on fees income, lower impairments

Full-year net profit in 2017 rose 17.7 per cent to Dh2.3 billion from Dh1.95bn

National Bank of Fujairah posts net profit of Dh471.9 million

Sheikh Saleh bin Mohamed bin Hamad Al Sharqi, chairman of NBF, said: "NBF has delivered strong performance through its renewed focus on being the financial partner for business, and meeting its customers' professional and personal needs."

KFH Capital Trusts KFH Group performance in Q1 2018

KFH Capital: Management, Arrangement and Issuance of US$ 1 Billion Sukuks for Dubai Islamic Bank

Dubai Islamic Bank issues $1 billion senior unsecured Sukuk

Dubai Islamic Bank has announced the successful pricing of $1 billion Sukuk issued with a five-year tenor, maturing on 6 February 2023.

Bahrain's Salam Bank to launch Islamic insurance products in Algeria in 2018-CEO

The lender would open 10 more branches in the country this year as the market for Islamic products was growing.

Emirates selects banks to arrange $1 billion Sukuk

Dubai-based airline Emirates has mandated eight banks including HSBC Holdings Plc and Standard Chartered Plc to manage a sale of Islamic bonds, according to media reports.

Al Rayan Bank wins ‘Best Islamic Bank in the UK’ honour

The bank has been named as the ‘Best Islamic Bank in the UK’ at the 2017 Islamic Finance News Awards.

Dubai Islamic Bank Inspires Staff to Get ‘DIB Active’

This is a quality addition to the overall support we provide our staff - research shows that the benefits of wellness programs in the workplace include an increase in productivity and morale, a decrease in stress and even a drop in days lost to illness.

Al Hilal Bank Partners With SunTec to Manage Vat for Its Customers

SunTec’s Xelerate for VAT, in its current form, has been specifically developed for the Gulf co-operation countries to cater to their newly added complexity of taxes.