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

Emirates NBD reports Dh10 billion net profits for 2018

Total assets surpass Dh500 billion, proposes dividend of 40 per cent

Burgan Bank Honors Kuwait Fire Service Directorate for Their Continued Dedication to Employee Safety

Burgan Bank will continue its partnership with KFSD to accommodate the Bank’s staff with up-to-date training procedures and real-life learning programs to guarantee the safety and well being of our employees.”

Top Mideast banker pay cut by up to 25%

While banking salaries have been hit hardest, other industries are also suffering

Saudi's Riyad Bank picks Goldman to advise on talks with NCB: sources

Goldman also advised Saudi British Bank 1060.SE, which in October signed a deal to merge with rival Alawwal Bank 1040.SE to create Saudi Arabia’s third-biggest lender with a market capitalization of about $17.2 billion.

Saudi bank Al Rajhi in merger talks for its Malaysian unit with another lender

The Saudi lender has received preliminary approval from the Saudi Arabian and Malaysian central banks for a potential deal

CBFS ranked third in Qatar for brokerage services in 2018

The figures were published by Qatar Stock Exchange’s Brokers Trading Activity Report for the month of December 2018.

Kuwait to Loan Egypt $30 Million to Support SMEs

Egypt’s third biggest public lender, Banque Du Caire is close to securing a foreign loan from the Kuwait Fund for Arab Economic Development worth $30 million according to an insightful source.

Dubai Islamic Bank hires banks in preparation for Islamic bonds issue

The Tier 1 perpetual sukuk to be issued by the United Arab Emirates’ largest Islamic bank mimic some of the characteristics of equity because they lack a maturity date.

Commercial Bank of Dubai to take control of Abraaj assets secured against loan

Dubai-based Abraaj, worth $13.6bn, collapsed last year following turmoil triggered by a row with investors

Why Gulf Banks Are Merging Like Never Before

Growth in banking assets is highly correlated with that of regional GDP

First Abu Dhabi Bank: Proving its worth

The UAE’s largest bank is widely considered to have made a success of its merger and is now looking to realize its international potential.

Saudi banks set for most growth in four years

The kingdom’s central bank followed the Fed last month by raising rates 25 basis points because the riyal is pegged to the dollar.

QNB to Implement iGTB's Digital Corporate Banking Platform as It Strides Towards Becoming a Leading Global Bank by 2030

QNB's new global system will be able to handle high volumes and improve the efficiency of the bank's operations

Saudi borrowers fuel MENA syndicated loan boom

Corporate bank borrowing across region hits record $127.2 billion last year

All types of loans reached $1.1 b last year, says Kuwait Credit Bank

Commercial exchanges between the two countries are forecast to reach KD 120 million ($136.5 million) after assembling all data and figures of the year second half, said Khjoha in a statement to Kuwait News Agency (KUNA).

Doha Bank, StockHolding join hands to offer India investment solutions

Both institutions will complement each other in sourcing the investors globally, Doha Bank said in a statement.

Bank brokerages top in QSE trading turnover in 2018

On yearly basis, five of the nine brokerage entities reported gains in their trade turnover during 2018.

Saudis, Chinese Eyeing Tajikistan’s Biggest Bank: Reports

A rejuvenating injection of foreign cash may be on the cards for the troubled Tojiksodirotbank.

Saudis Seek Advisers for Major Bank Merger

The proposed combination has the backing of the Public Investment Fund, the sovereign wealth fund that owns about 44 percent of National Commercial Bank and 22 percent of Riyad Bank, the people said.

MCB Bank partners with Bank Al Jazira

Speaking about the agreement, Sami Hamad Al Rajhi said, “Fawri is one of the fastest growing money transfer services in Saudi Arabia, with Pakistan being one of our largest remittance recipient corridors.

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