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

NBB plans regional expansion, aims to double debt advisory business to $10bn

Bahrain-based lender received approval from the UAE to reactivate branch licence in Dubai, CEO says

UAE banks expected to report strong H1 profits

Higher credit yields and lower costs to support profitability

Emirates NBD receives regulatory nods for its takeover of Turkey’s Denizbank

Banking regulators in the UAE, Turkey, Russia and Austria approved the 99.85 per cent purchase

Standard Chartered launches Women in Tech Accelerator in the UAE

UAE-based “Womentum” is part of a global Women In tech programme initiative that is already live in Standard Chartered New York, Kenya, Pakistan and Nigeria.

NBB named ‘Best Bank in Bahrain’ by Euromoney

Accepting the award on behalf of the bank was NBB CEO Jean-Christophe Durand.

KFH wins ‘Best Bank in Kuwait’ Award 2019

A team of editors, journalists and researchers analyze the above criteria in conjunction with Euromoney market knowledge and research before decisions are made by its editorial committee.

Etihad Guest and Al Hilal Bank launch visa credit card

Etihad Guest, the loyalty programme of Etihad Airways, and Al Hilal Bank, have partnered to launch Al Hilal Bank Etihad Guest Visa credit card in the UAE.

Abu Dhabi Islamic Bank finances Saudi property acquisition in Manchester

The bank said Gulf investors are buying UK properties to diversify portfolio risk, take advantage of the weakened pound, and benefit from rental yields, particularly in cities such as Manchester, Bristol and Birmingham.

Kuwait's Burgan Bank hires HSBC, JPMorgan to coordinate bond sale

Burgan Bank, Kuwait’s second largest conventional bank by assets, has also hired Bank ABC, Citi, Emirates NBD Capital, First Abu Dhabi Bank, NBK Capital and Standard Chartered Bank as joint lead managers.

Syndicated 2-year term financing facilities for United Arab Bank

The facility was initially launched at $150million and closed at $195million.

UAE-based RAKBANK repays $800mln bond

Proceeds from the issue along with other internal sources were used to pay back the bond maturing in June 2019

Bank ABC first to launch biometric identification

The bank said in a statement that with this it has become the first in the Middle East

Commercial banks’ total assets grow 6% to QR1.43tn at end-May: QCB

The higher growth in credit to the private sector shows the resiliency in the overall economy especially outside the hydrocarbons, even amidst the economic blockade, market sources said.

Emirates Development Bank to 'significantly' boost SME lending

The lender also plans to issue a benchmark-sized sukuk next year

Incredible Financial Growth of Middle East Consumer Banking Market by 2025

The forecast period considered by the analysts of this publication is 2019-2025 and the review period is 2014-2018.

KHCB Backs Centenary Of Formal Education Forum

“KHCB will spare no effort and continue supporting initiatives that serve the educational and learning processes in Bahrain, considering the significance of this field in achieving sustainable development in the kingdom,” Algosaibi added.

Saudi banking sector net profit up 11.3pc in 2018

Average net profitability improved, underpinned by higher average SAIBOR rates, modest growth in assets and a slight decrease in costs.

Sharjah Islamic Bank appoints banks for Tier 1 perpetual sukuk

A series of roadshow meetings are being organised in Singapore, Hong Kong and London starting June 19

Sharjah Islamic Bank mandates banks for capital boosting sukuk

The planned deal will boost the bank’s Tier 1 core capital, the document showed, confirming what sources told Reuters last week.

Leading Israeli Bank in the US Strengthens Ties and Opportunities at Home

Today, IDB is among the 25 largest commercial banks in the New York metropolitan area, while its parent company, Discount Bank Ltd., runs some 260 branches across Israel.

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