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

Bank Muscat mandates banks for dollar bond issue

Bank ABC, Bank Muscat, Citigroup, Credit Agricole CIB, Emirates NBD Capital, First Abu Dhabi Bank, HSBC and ICBC Standard Bank will act as joint lead managers and bookrunners

Bank of New York Mellon Corp plans to set up Saudi office: sources

BNY Mellon already handles overseas funds held by Saudi government-linked entities from outside the kingdom but opening an office in Riyadh will enable it to work more closely with its clients and solicit new business, the sources said.

Deutsche Bank planning UAE hires

Deutsche Bank’s expansion plans for the Middle East come as the lender is said to have started cutting at least 250 jobs globally

Commercial Bank hosts Moroccan business delegation

The aim of the VIP business dinner was to strengthen trade relations between businessmen from Qatar and Morocco and to explore partnership possibilities in different major sectors.

Commercial Bank of Qatar debuts in Swiss francs

CBQ’s trade is the best illustration yet of Swiss investors growing more comfortable with Middle Eastern financial credit.

QNB receives two major awards from Euromoney magazine

QNB is a frequent recipient of the prestigious Euromoney awards

Bank Sohar inaugurates relocated Nizwa branch to better serve its customers

The opening ceremony began with H E Aghbari cutting the ribbon, accompanied by the bank’s senior officials and a number of the bank’s VIP customers from the region.

First Abu Dhabi Bank Sees Interest-Rate Jump Boosting Its Profit

Saudi lending to rise ‘multiple’ times now it has a license

Net interest income growth boosts profitability of UAE lenders

Moodys expects credit growth to positively impact large lenders in 2018

ABG total assets rose 9pc to exceed US$25bn

Total operating income decreased by 7pc to reach US$1 billion and net operating income decreased by 15pc to US$430 million from the year 2016.

Qatar’s Commercial bank to pull out of Abu Dhabi-based UAB

Commercial Bank argued that the move to pull out of UAB is not dictated by the current diplomatic row opposing Qatar and its neighbors, namely the UAE, Saudi Arabia, Bahrain plus Egypt.

European Tour assures total commitment to Qatar

The Qatar Masters has played an important role in the region for 20 years as far as raising the profile of golf is concerned.

Qatar National Bank to sell small stake in Egypt unit to comply with listing rules

QNB plans to reduce its 97.125% stake in QNB Alahly to 95%.

Barwa Bank wins 2 titles at Global Banking & Finance Awards 2017

The two coveted titles add to a slew of awards and recognitions that Barwa Bank has garnered over the years

Dubai's Emirates NBD said to plan bid for Turkey's Denizbank

Sources say Dubai's biggest bank is preparing to make an offer in March

FAB Launches ‘Payit, UAE’s First Fully-featured Digital Wallet

http://www.dubaichronicle.com/2018/02/19/fab-launches-payit-uaes-first-fully-featured-digital-wallet/

Bank Sohar continues to expand ATM network

The expanding network of ATM facilities follows through on the bank’s customer-oriented strategy to bring added banking convenience to its clients across Oman.

Banking on Kuwait's Local Market

Al Ahli Bank of Kuwait’s CEO, Michel Accad, opens up about his country’s economic role in the Arab world and why the Gulf nation might never achieve all its lofty aspirations.

Egypt's Biggest Bank Seeks $500 Million Loans, Eyes Saudi Market

Lender seeking to secure $500 million in loans by June

Burgan Bank 2017 income tops $214m

The high quality earnings clubbed with across the board efficiencies, enabled the bank to grow its operating profit by 8 per cent year-on- year

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