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

KIB acts as lead arranger in a $ 200million financing for Daewoo Engineering & Construction

The signing ceremony took place recently in Dubai and was attended by the senior management of Daewoo E&C.

Merging Qatar banks to cut more than 150 jobs, Barwa boss to be CEO

A shake-up has been long mooted in Qatar’s banking system, where 18 local and international commercial banks serve a population of around 2.6 million.

Union National Bank continues to be a beacon of stable growth in the UAE

The consolidation of the UAE’s finance sector is helping to drive economic expansion in the country and beyond, with companies like Union National Bank employing innovative growth strategies for the good of the region

UAE banking outlook: Big four may struggle to match double-digit gains made in 2018

Tighter monetary environment and growing loan defaults could put pressure on net interest margins

Lower income pushes UNB profits down 28%

Bank reiterates merger plans with ADCB to create ‘preeminent group’

AUB Kuwait records KD 51.3m in net profit

2018 another successful year for AUB; net profit grows 15.3% y/y

QIIB engages in message of progress, positivity

A large number of QIIB executives and employees led by chief executive Dr Abdulbasit Ahmad al-Shaibei walked along the Doha Corniche, a popular destination for sport activities.

Industrials, banking sell pressure weighs on Qatar bourse

Islamic equities were seen declining slower than the main index in the market, where local non-Qatari institutions turned bullish.

Merging Qatar banks to cut more than 150 jobs, Barwa boss to be CEO - sources

Slow growth and subdued credit demand in the region is one of the biggest drivers of consolidation

Ebdaa Bank-Bahrain for microfinance launches new website

Revamped website will focus on offering a comprehensive communication with borrowers and to provide a better service to customers

Bank ABC Announces Net Profit of US$202 Million

Mr. Saddek Omar El Kaber, commented that “The Board is pleased with the continuing improving performance trend of the Group in 2018,

NBK awarded Top 10 GCC Businesses Award by SCCI

In recognition of its efforts in supporting the private sector investments in the GCC

NBF posted record set of results achieving its best ever operating and net profit

NBF is pleased to announce its results for the year ended 31 December 2018

NBK-Bahrain profit surges 26pc

Total assets increased by 9pc to $16.

Challenging decade ahead for investors: ENBD

On last year, it was highlighted how 2018 marked the transition to a new regime of lower expected returns and higher risks, with less economic growth and richer valuations.

NBK net profit rises 26pc to $313 million

Customer deposits reached US$8.612bn, up by US$584m

Barwa Bank launches new mobile application

The launch of Barwa Bank's new mobile application is a continuation of our efforts and commitment to provide customers with convenient financial solutions.

Warba Bank hires MJ Hudson to build out investment strategy

MJ Hudson Allenbridge advises a variety of institutional investors on strategy and investments across asset classes

Turkey’s wealth fund hires banks for first foreign loan

Its portfolio also includes the petroleum pipeline company BOTAŞ, the postal services company PTT, and the national lottery Milli Piyango.

Ajman Bank Wins The Best Emiratization CEO Award

The award ceremony was held at Sharjah Expo and was organized by the Emirates Institute for Banking and Financial Studies.

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