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

Qatar- Commercial Bank enters into partnership with WCPI

Partnership grants Commercial Bank exclusive right to market in Qatar WCPI's ‘Leasing and Finance Programme'

Kuwait Finance offers to buy Ahli United in $8.8bn deal

The combined entity will potentially become the Gulf’s sixth-biggest lender with $100bn in assets

Burgan Bank Revamps Its Al Thuraya Salary Account to Now Provide a New Range of Options and Features

Burgan Bank recently announced the revamp of its Al Thuraya Salary account which provides customers with new valuable and beneficial offerings and a monthly cash draw.

Altico misses interest payment, underlining stress in realty market

The default by Altico Capital follows a rating downgrade and the resignation of its chairperson Naina Lal Kidwai earlier this month

Kuwait Finance House plans $8.8bn deal for Bahraini bank

Kuwaiti lender has offered to buy Bahrain's Ahli United Bank in an all-share deal

NBK receives 3 awards from Global Finance at GFM Awards in Dubai

Bank wins ‘Most Innovative Digital Bank’ award for real time payment tracker

Kuwait's Warba Bank hires banks for dollar sukuk

BNP Paribas, Emirates NBD Capital, and Standard Chartered were hired as joint global coordinators

NBK Sponsors the International Banking Conference: "Shaping the Future"

The prestigious event will welcome an audience of top- key policymakers, senior banking industry executives, banking experts and FinTech entrepreneurs from across the globe.

Network stake sale boots ENBD’s capitalisation

Deal increased the bank’s profitability to buffer for Denizbank acquisition

Turkey puts last touches on its own rating firm in snub of Big 3

“Banks, private institutions and many foreign institutions – provided that there’s no conflict of interest and that independence isn’t harmed – may be partners” to the firm, Akben was quoted as saying by Anadolu on June

Gulf International Bank Wins Eight Awards at the 2019 Global Finance Magazine Awards

GIB’s shariah compliant digital retail bank, meem, scooped six awards and its Global Transaction Banking business won two others

Commercial Bank enters into partnership with WCPI

The agreement enables Commercial Bank to pioneer the distribution of the LF Program in Qatar, allowing the Bank therefore to provide yet again unique banking products and services into the Qatari market.

UAE banks' 3-month deposits hit $145bn in July

The interest rates charged by the Emirates Inter-Bank Offered Rate spiked across all terms of late, with the three-month rate up to 230 basis points, the six-month deposit to 234 basis points and one-year term to 249 points.

Commercial Bank to issue bonds worth up to $700m: CEO

Since the interests rates are going down, so we will see when we can issue it,” Abraham told The Peninsula in an exclusive interview recently.

QNB ‘Open Career Day’ to be held on Sept. 14

This professional event will bring together Qatari high school and university graduates and experienced professionals

GCC banking sector’s total assets grow on higher interest income

Conventional banks grow at 2.3% rate, Islamic banks increase balance-sheet by 1.3%

Egypt's Fawry eyes UAE deal, Saudi and Kuwaiti markets

Founded in 2009, Fawry offers digital payments to companies and individuals in Egypt, the Arab world’s most populous nation, where many do not have a bank account.

Bahrain bank launches new unit to help struggling firms

National Bank of Bahrain announces a new business unit to offer specialised financial restructuring advice for companies

Emirates NBD sells shares in UAE payments firm in $370m deal

Dubai's biggest bank confirms sale of an aggregate of 52.6 million ordinary shares in Network International

Global Banking and Finance Review Announced Kuwait Finance House Bahrain B.SC. as the Global Banking & Finance Awards winner

The awards honour companies that stand out in particular areas of expertise in the banking and finance industry.

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