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

Empower facilitates bill payment through ADCB mobile app

By October 2019 customers can start using ADCB credit cards and TouchPoints to pay their district cooling bills

UAE banks asked to treat males, females equally while giving loans

They need to develop policies and procedures that promote gender equality in customer dealings.

Dubai’s Biggest Bank Seeks to Raise Foreign Ownership Limit

Emirates NBD’s plan comes after First Abu Dhabi Bank PJSC in July proposed removing a cap on the foreign ownership limit on its shares.

Islamic Development Bank hires banks to raise more than $1 bln in sukuk -sources

It has hired a group of banks including Emirates NBD , Standard Chartered, Gulf International Bank and HSBC to arrange the new transaction, expected to take place next month.

Citi advises Averda on extension of $181m term loan in Dubai

Nine international and regional banks, including HSBC, Standard Chartered, and Bank ABC Islamic participated in the transaction

FAB shares surge with Abu Dhabi index after index rebalancing

Abu Dhabi Securities Exchange general index closes 2.67 per cent higher at 5,130.75

Open Account In 5 Minutes: BisB

BisB CEO, Hassan Jarrar, in a YouTube broadcast, said that a new system is in place with which any new customer can open an account in less than “6 minutes”.

8 Kuwaiti banks list in 49 strongest banks in Arabian Gulf

These eight banks are National Bank of Kuwait...

Saudi Arabia: EXIM Bank Will Be Launched Within Months

Saudi exports increased 40 percent in 2018 compared to 2017, while the growth rate reached 13 percent in the first half of 2019 compared to the same period of 2018

KFH continues "Your "KFH" visa card, the key to your house in Europe" campaign

3 Winners to get financial funds to purchase a property in any European country

EG Bank logs profit in H1

Egyptian Gulf Bank reported a 6% year-on-year profit growth during the first half of 2019.

Qatar banks’ overseas private deposits post double-digit jump in July

Public sector deposits saw about 13% year-on-year decline to QR266.89bn

Commercial Bank signs pact to provide services to AZF

We are blessed with this partnership that Commercial Bank will provide all banking needs not only to the employees but also to all Aspire Zone visitors.

Barwa Bank’s campaign draw winners picked

By the end of the campaign period, one winner will take home the grand prize of 1mn loyalty points.

National Bank of Bahrain still weighing up Bahrain Islamic offer

Ongoing talks between the two parties 'may or may not' result in a deal

Retail Banking Market Dynamics: UAE 2018

The Retail Banking Market Dynamics: UAE 2018 Market report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure.

Al Baraka Bank Egypt's net profit grew 31% in the first half of 2019

The total balance sheet of the bank at the end of June 2019 amounted to 66.8 billion Egyptian pounds, a growth of about 15% over the same period of the previous year.

From 7.9% to 6%: UAE banks get kind of generous on mortgages

Rate cuts offered by some banks on existing loans — but only for one-year terms

Profits of 157 Kuwaiti listed firms grow 6% in Q2 2019

The banking sector led the quarterly top gainers

Robust private sector credit offtake boosts Qatar bank assets

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.