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

Gulf Bank awarded prestigious ‘Operational Excellence Award’ by Deutsche Bank

This achievement demonstrates how Gulf Bank is greatly reducing the administrative impact of payment processing

FAB posts record H1 net profit of $1.7bn

Customer deposits reached Dh462 billion, up 7 per cent year-on-year.

Emirates NBD second quarter net profit surges 80% on income from unit IPO

Dubai's largest bank made Dh2.1bn from the initial public offering of Network International in London

Dubai Islamic Bank Q2 profit jumps 14%

The Islamic lender announced a 12.78% year-on-year rise in its first half net income

Commercial Bank Group’s half yearly net profit rises 9.2% to QR934mn

The increase was mainly in the government and services sectors.

AUB achieves a net profit of KD 30.8m for first half of 2019

The bank achieved good returns on equity and assets at 14.3 percent and 1.54 percent respectively for the first half of 2019

NBB net profits increase 8.7% in H1 2019

For the second quarter of 2019, the Bank’s net profit increased by 14.6% to BHD 19.6 million ($52.1 million) compared to BHD 17.1 million ($45.5 million) in the second quarter of 2018.

NBB celebrates official opening of state-of-the-art, flagship Seef Mall branch

The ceremony was attended by the Bank's Board, management and staff, alongside some of the Bank's long standing business and retail customers, partners and the media.

Qatar- Ahlibank bags two key awards from Global Banking & Finance Review and World Union of Arab Bankers

The WUAB is a non-profit prestigious Arab forum of more than 500 bankers in the Arab region and around the world offering an ideal platform for communication, interaction and exchange of information.

Standard Chartered Bank partners with UAE Exchange for Cash Management Services

The arrangement allows corporate clients of Standard Chartered Bank to deposit cash in their accounts through the 150+ UAE Exchange branches located across the UAE

How Zenith Bank makes application for Dubai VISA easy

The Visa fees would be instantly charged to the customer’s account and he/she would be notified of the status of his/her visa application within 36 hours.

First Bank completes takeover of Bank Leumi Romania

First Bank received Romania's anti-trust body's nod for the deal in June, two months after it announced plans to acquire 99.9235% of Bank Leumi Romania for an undisclosed price.

Reinventing retail banking event in September

The event will take place on 3rd and 4th September 2019 at Jumeirah Emirates Towers, Dubai.

QNB Group: Financial results for the six months ended 30 June 2019

Loans and advances grew by 5%

NBB first bank to join national Ekyc platform mandated by CBB and operated by Benefit

NBB was the first bank in the Kingdom to join the platform, which will be used by all financial institutions to simplify and ease client onboarding and KYC maintenance requirements electronically.

AA- ratings affirmed for FAB, outlook stable

CI stated that FAB’s large size, good customer franchises, diversified business base spread across the UAE and overseas as well as good management and strong key financial parameters are principal factors supporting the lender’s core financial

Top 10 biggest companies in the Middle East & Africa

Business Chief looks at the top 10 biggest companies in the Middle East & Africa, according to their revenue and reputation as an employer.

QIB wins “Best Islamic Bank in Qatar” award

This was the WUAB’s fifth annual ceremony for Arab banking excellence and achievements, which is an umbrella group for more than 500 bankers in the Arab region and around the world.

UAE banking system remains sound

The overall Return on Assets (ROA) remained at 1.5% in 2018 as bank assets expanded broadly in line with net profits.

Noor Bank raises funds for Azimut's Fixed Maturity Fund

Largest US-dollar Islamic fixed maturity plan in the UAE under a Dubai International Financial Centre domiciliation.

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