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

Kuwait's Boubyan says in talks to buy UK-based Islamic lender

Lender says the deal for over 72% of Bank of London and the Middle East would be worth about $158m

Saudi Bank Deposits Reach $453 Bn

The report reviewed development indicators in the banking technology sector and registered financial inclusion during Q3 2019

Bahrain Bank ABC launches ‘ila’

The launch took place in an impressive ceremony at a hotel in Bahrain, amidst government and Central Bank dignitaries and business community leaders along with ila and Bank ABC staff.

Dubai Islamic Bank Walks Home With Two Prestigious Accolades at Banker Me Industry Awards 2019

The Bank was crowned with Best Islamic Bank for the fifth year in a row, in addition to the Best Investment Islamic Bank award.

Al Ahli Bank of Kuwait net profit hits KD 15.4 million

The reduction in Net Profit is the result of a very conservative provisioning and write-off policy, which was applied on fully secured but non-performing legacy credits.

National Bank of Kuwait looks to diversification

As a sovereign entity, Kuwait has successfully insulated itself against the recent geopolitical headwinds in the region as well as the volatility in the oil markets.

Citi introduces features that will change the way its consumers bank in Bahrain

Citi launches four currencies in one Citibank Debit Mastercard with Citibank Global Wallet

Banque du Caire inaugurates two business development centres within Nile Pioneers initiative

The initiative's goals also include empowering women economically, encouraging local industry, and expanding digital applications to meet the demands of the Egyptian market and create job opportunities.

NBK awarded ‘Best Foreign Exchange Provider’ in Kuwait and the Middle East for 2020

The rankings, compiled by international finance magazine, Global Finance, are based on input from industry analysts, corporate executives and technology experts.

QNB receives ‘Achievement in Market Risk Management in the Middle East and Africa’ award from The Asian Banker

The recognition acknowledges the strength of the risk management controls and quality of the personnel the Bank employs to protect its customers.

Doha Bank wins the ‘Golden Peacock Global Award for Excellence in Corporate Governance’

The awards ceremony was held in conjunction with IOD India’s 19th London Global Convention on Corporate Governance and Sustainability where Doha Bank Group CEO Dr R Seetharaman was a speaker at a plenary session titled “Future of the Strategic

Commercial Bank launches campaign for Diners Club credit card holders

Benchmarked against top premium card offerings in the region, our signature Diners Club Credit Card is considered as one of the best-in-class card offerings as it consists of bespoke privileges.

National Bank of Kuwait Sells $750 Million in Perpetual Bonds

Kuwait’s Public Institution for Social Security owns 5.53% of the shares of NBK as of December 31, 2018.

Emirates NBD raises $1.76 bln in an oversubscribed rights issue

Dubai's largest lender said the deal saw strong demand from the United Arab Emirates (UAE), as well as from Middle Eastern and international investors.

Loans: Business and retail credit demand in UAE to pick up

UAE Central Bank survey shows credit conditions to remain supportive

Saudi Arabia doubles the amount banks can lend for Aramco IPO

Lenders will be allowed to give corporate and institutional customers higher leverage ratios based on each customers creditworthiness, the sources said.

Noor Bank raises AED646 million for Rasmala long income fund

The Fund provides wide exposure to a portfolio of long-lease properties, aiming to generate regular income whilst preserving capital over time.

Burgan Bank record one of the strongest third quarters

Maintaining stable margins has been another key focus point for Burgan.

NBK-Egypt reports KD 30 million in net profits

Al-Bahar highlighted that the profit growth in 1H2019, mainly driven by operating income, also reflect the stability of the Egyptian economic environment as well as NBK Group’s insightful long-term investments strategies in the Egyptian market.

United Arab Bank records loss in 9 months

Operating profit increased by 12% during the third quarter of 2019

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