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

Lebanese banks eye digital future

Lebanese banking is currently in a state of transition, according to Jocelyne Chahwan, the head of retail banking and a deputy general manager at BLOM Bank.

Mashreq Bank launches its "Mashreq Rewards" in partnership with Fawry

Mashreq Rewards can be used to redeem at partnering outlets such as Amer Group , Tseppas MG, B.Tech and Spinneys; apart from utility bills payments and cash vouchers across Fawry outlets plus that will be launched soon.

UAE’s credit growth picks up momentum in May

Credit data analysed by the Economics Team at Abu Dhabi Commercial Bank showed the average monthly pace of loan growth in the first five months of 2019

QIB Launches 2019 Summer Campaign for Visa cardholders

The campaign starts from first of July until 30th of September, giving QIB Visa Credit and Debit cardholders a chance to win thrilling prizes with every transaction made of QR 500

QNB recognised as Middle East and Africa region's largest bank

The bank reported some of its best annual results ever during the review period supported by the success of its business strategy, with a global ranking of 75th in the list.

Kuwait's Burgan Bank sells $500 mln in bonds to boost capital

The transaction - expected to price later on Tuesday - received orders of around $2.2 billion, the document showed.

Emirates NBD Egypt PMI

Companies leave selling prices unchanged amid efforts to boost sales

Ithmaar Bank invites Bahrain FinTech and startups to explore open banking opportunities

To achieve participation of all stakeholders in this path breaking initiative, it is important for the businesses to participate with banks

NBB plans regional expansion, aims to double debt advisory business to $10bn

Bahrain-based lender received approval from the UAE to reactivate branch licence in Dubai, CEO says

UAE banks expected to report strong H1 profits

Higher credit yields and lower costs to support profitability

Emirates NBD receives regulatory nods for its takeover of Turkey’s Denizbank

Banking regulators in the UAE, Turkey, Russia and Austria approved the 99.85 per cent purchase

Standard Chartered launches Women in Tech Accelerator in the UAE

UAE-based “Womentum” is part of a global Women In tech programme initiative that is already live in Standard Chartered New York, Kenya, Pakistan and Nigeria.

NBB named ‘Best Bank in Bahrain’ by Euromoney

Accepting the award on behalf of the bank was NBB CEO Jean-Christophe Durand.

KFH wins ‘Best Bank in Kuwait’ Award 2019

A team of editors, journalists and researchers analyze the above criteria in conjunction with Euromoney market knowledge and research before decisions are made by its editorial committee.

Etihad Guest and Al Hilal Bank launch visa credit card

Etihad Guest, the loyalty programme of Etihad Airways, and Al Hilal Bank, have partnered to launch Al Hilal Bank Etihad Guest Visa credit card in the UAE.

Abu Dhabi Islamic Bank finances Saudi property acquisition in Manchester

The bank said Gulf investors are buying UK properties to diversify portfolio risk, take advantage of the weakened pound, and benefit from rental yields, particularly in cities such as Manchester, Bristol and Birmingham.

Kuwait's Burgan Bank hires HSBC, JPMorgan to coordinate bond sale

Burgan Bank, Kuwait’s second largest conventional bank by assets, has also hired Bank ABC, Citi, Emirates NBD Capital, First Abu Dhabi Bank, NBK Capital and Standard Chartered Bank as joint lead managers.

Syndicated 2-year term financing facilities for United Arab Bank

The facility was initially launched at $150million and closed at $195million.

UAE-based RAKBANK repays $800mln bond

Proceeds from the issue along with other internal sources were used to pay back the bond maturing in June 2019

Bank ABC first to launch biometric identification

The bank said in a statement that with this it has become the first in the Middle East

Retail Banking