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

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

UAE's First Abu Dhabi Bank launches its Global Investment Outlook 2018

Report examines current global economic and investment environment

UAE banks seen turning the corner in 2018 as loan demand strengthens

Analysts expect high single digit loan growth in 2018

Emirates NBD ranked UAE’s top banking brand for 2nd consecutive year

The Bank has been ranked second among all banks in the Middle East and Africa region, and was also recently named The Banker’s ‘Bank of the Year – UAE’ for the third consecutive year.

Bank ABC 2017 net profit up six per cent YoY

Bank ABC has announced its results for the year ended 31 December 2017.

Saudi Riyad Bank's Q4 profit up on lower impairment charges

Three analysts polled by Reuters had on average forecast the bank’s quarterly profit at 732.1 million riyals.

Barclays Bank faces fresh SFO charges over 2008 fundraising

Both Barclays and its bank unit have said they will defend themselves against the charges.

Bank ABC 2017 net profit up 6pc to $193m

Operating expenses were at $462 million,$26 million higher than last year

Emirates NBD main sponsor of Indian trade fair in Jeddah

Emirates NBD has also marked the commencement of operations in India with the inauguration of its first branch in Mumbai.

CBD 2017 profit surges 9.4pc to $474m

CBD’s Capital Adequacy and Tier 1 capital ratios were at 15 per cent and 13.9 per cent, respectively, and were significantly above the regulatory thresholds of 10.5 per cent and 8.5 per cent mandated by the UAE Central Bank.

Growth momentum to stimulate FDI, head of Turkish investment agency says

Turkey’s strong growth momentum in 2017 with an average growth of 7.4 percent in the first three quarters, raises hopes for higher and more foreign direct investments into the country

Doha Bank sees growth potential in South, soft-launches Chennai branch

“The branch will offer NRI services, corporate and retail banking, SME financing, treasury services, trade finance, forex services and wealth management solutions,”

QNB scoops five top IR Excellence awards

Qatar Stock Exchange announced the winners of the 2017 IR Excellence Program at a high-profile event held on Tuesday.

Citigroup Targets Rapid Middle East, Africa Growth in 2018

Citigroup said last month it had won formal approval from Saudi Arabia's Capital Market Authority to begin an investment banking business there, enabling its return after an absence of almost 13 years.

Egyptian Billionaire's Bank Seeks Acquisitions to Bolster Growth

The company is looking at acquisition opportunities in the leasing and consumer finance sectors in Egypt and might consider starting a micro-finance business, he said.

QNB Group Announced the Successful Closing of the Syndication for Its USD 3.5 Billion Three Year Senior Unsecured Term Loan Facility

The Group also announced that it had already repaid in full the earlier loan of USD3.0 billion syndicated loan prior to issuing the above mentioned new loan Facility.

ABG Egypt net profits rises 42pc

Customer deposits increased by 17pc to EGP 44.2 billion at the end of 2017 compared to the end of previous year.

Retail Banking