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

BankDhofar shareholders ratify OMR1 million CSR donation for COVID-19

The meeting brought to the attention of shareholders the cash dividend distributed to the shareholders on March 25, 2020

First Abu Dhabi Bank issues 'green bond' in Hong Kong dollars

UAE mega-bank has been working on its green credentials over last three years

Shams, Mashreq Bank announce partnership to support SMEs in Sharjah

Mashreq Bank will help SMEs and new entrepreneurs to open business account

Egyptian state banks collect over $10bn from high-yield savings product

An official at the National Bank of Egypt said it had collected 122 billion pounds, while Banque Misr’s chairman said it had gathered 49 billion pounds, state news agency MENA reported.

Private deposits in commercial banks rise by 8.8%

The combined money and clearance to the gross deposits was 7.6 per cent.

Higher provisions led to plunge in top UAE banks' Q1 profit

Lenders safeguard themselves against a looming deterioration in credit quality due to COVID-19

Saudi banks face tough few quarters but are well capitalised, say CEOs

Banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability

Dubai Islamic Bank to revive Islamic bond deal postponed amid market turmoil - sources

The bank is now considering issuing the bond soon

Bahrain’s banking sector posts 1.8% growth

The local banking sector continues to prove strength and resilience

Bank ABC, BFB team up to accelerate growth of fintech ecosystem in Bahrain

The partners will deploy fintech inclusive solutions specifically for large underserved blue-collar segments and youngsters below the age of 25 in the MENA region.

UAE banks’ profitability witnessed substantial deterioration in Q1: report

UAE banks’ profitability witnessed substantial

Citi defies coronavirus with Western European corporate lending push

The 15 offices are predominantly in central and eastern Europe including Poland, Turkey and Russia.

KPMG Report Reveals New Age Banking Trends

The local banking sector continues to prove strength and resilience as the listed banks in Bahrain saw growth in their asset base by 9 percent despite the liquidity pressure.

EBRD TFP Awards recognise successful partner banks from three continents

In 2020, the Programme has stepped up its support, providing amplified financing for trade with a record €1.5 billion in the first five months of the year.

SABB named ‘Best Trade Finance Bank’ in Saudi Arabia

SABB remains the trade provider of choice in Saudi Arabia

QNB wins ‘Leader in Trade for Qatar’ award

The online trade portal platform, offers a single window for customers seeking access to trade finance products, all in one place, enabling the facilitation and origination of transactions, simply and securely.

First Abu Dhabi Bank sells $500 mln in Formosa bonds

This is also FAB’s second Formosa deal in 2020 having issued $485 million 30-year in January.

Dubai Headquarted Emirates NBD Bank and property start-up Urban partner to enable monthly rental instalments

Launched earlier this year, Urban’s innovative platform has brought the entire rental journey online,

QDB highlights Qatar's efforts in facing coronavirus repercussions on business sector

Speaking about how the Qatari private sector companies deal with the new changes and conditions related to the spread of the pandemic

Retail industry witnesses transformational shift towards e-commerce globally

A report by Dubai Future Foundation foresees the future of retail post COVID-19

Retail Banking