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

Burgan Bank team lifts Kuwait Cricket Bank League trophy

The Sports Committee of Burgan Bank congratulated the team on the incredible win and wished them further achievements in upcoming championships.

RakBank profit rises 13% on net interest income

Bank also saw a decrease of Dh131.8 million in provisions for impairment in loans

Abu Dhabi Three-Way Merger to Form $114 Billion U.A.E. Bank

Subdued growth, deposit squeeze is forcing Gulf banks to merge

ADCB posts Dh4.84 billion net profit for 2018, up 13%

Board has recommended a cash dividend of Dh0.46 per share

Abu Dhabi to control majority stake in new mega bank

Deal to deliver cost synergies worth Dh615m, generate additional value for shareholders

Emirates NBD recognized as the best bank in Egypt for 2018

Emirates NBD – Egypt is recognized for being a pioneer in providing innovative banking and digital services to the market.

Three UAE Banks Merge Into Fifth-largest Among Gulf Countries

Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank collectively have nearly $115 billion in assets

National Bank of Bahrain net profit jumps 14.8% to $186mln

For the Q4 of 2018, the bank’s net profit increased 29.3% to $39.9mln

Banque du Caire to expand funds in all economic sectors to assist in economic development: Chairperson

‘We achieved 80% growth rate in financing SMEs, 95% in micro funding, 60% in financing large companies in 2018’: Fayed

Boards of ADCB and UNB to discuss update on merger with Hilal Bank

The three lenders announced in September plans for a three-way tie-up

UAE deposits $3 billion with State Bank of Pakistan

Pakistan continues to struggle with balance of payments problems, and is currently negotiating support from the International Monetary Fund.

Mashreq Bank continues to take the digital lead in the Gulf

With more financial transactions in the Gulf being conducted online and away from physical branches, a cashless way of life is close.

CBD net profits rise 16% to hit Dh1.16b in 2018

Lower costs, improved interest income and lower impairment boost profits

ABK honored with two awards at IFM Awards 2019 in Dubai

The award is a testament of the Bank’s strong reputation and underlines their commitment towards creating and developing services that are built on their unwavering philosophy of ‘Reimagining a Simpler Bank’.

Two Gulf Banks Close to Deciding on Mega Merger

The boards will meet on Jan. 24 to consider the studies by HSBC Holdings Plc and Credit Suisse Group AG, the lenders said in separate statements.

Saudi Arabia's Alawwal Bank, SABB merger "on track" for H1 completion

The merger will create the kingdom's third largest bank

Kuwait, Bahrain lenders plan talks on $92bn merger

Kuwait Finance House and Bahrain's Ahli United Bank would create the Gulf's sixth biggest bank

Qatar banks' non-resident deposits jump 21.75%

Total deposits in Qatar’s commercial banks registered a marginal 1.02% year-on-year decline to QR794.08bn in November 2018.

Dubai's Mashreq says 2018 net profit stable at $570m

Mashreq CEO, Abdul Aziz Al Ghurair, says 2018 'was a difficult year' due to market fluctuations

The 9 best high-interest savings accounts for 2019

Consumers can benefit from rising rates being applied to accounts in the UAE

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