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

Doha Bank retains top spot in ESG rankings of listed firms in Qatar

The Bank says it became possible as a result of its tireless pursuit of sustainable practices across all aspects of operations.

BankDhofar receives prestigious Straight-Through-Processing (STP) Award by CITI

CITI presents the STP Award annually to banks and financial institutions that showcase exceptional quality

QDB’s Franchise initiative to take Qatari brands to the world

The franchise model contains all the information related to strategy, legal advice, operational and marketing documents prepared to take Qatari brands to the world.

Burgan Bank issues $328m bonds in Kuwait market

We are very pleased to close this inaugural benchmark transaction

Digital banking gains momentum in Egypt

Egypt's proactive attitude is driving digital growth in the country's banking sector and is filtering down to the consumer too.

KIB sells 4 major Kuwait state properties in auction

A total of 15 properties (vacant land) owned by the Kuwait Investment Authority were put up for sale at the auction held at Safir International Hotel in Kuwait.

Bank AlJazira wins 2 industry awards

Bank Aljazira is very well-known for its excellent Electronic Banking channels

Saudi Arabia's biggest lender NCB in merger talks with rival Riyad Bank

The potential deal will be the second tie-up in the kingdom, the biggest banking market in the GCC

Bank of Sharjah open to mergers

Consolidation trend in the UAE's banking sector is set to continue, says executive

Bank Sohar unveils its new brand as Sohar International

The bank's board of directors and executive management team joined Sohar International's chairman, Mohammad Mahfoudh al Ardhi

Doha Bank closes QR525mn syndicated term loan facility

The syndicated transaction was significantly oversubscribed and Doha Bank was able to upsize the facility from the initial target size of $400mn due to the excellent support from its relationship banks, Dr R Seetharaman, chief executive of Doha Bank, said

Barwa Bank EGM approves proposed merger with IBQ

In addition, it was approved to increase the bank’s authorised and paid-up capital from QR4,000,000,000 and QR3,000,000,000 respectively to QR5,234,100,000, taking into consideration the terms and conditions of the merger.

Invest Bank seeks fresh capital infusion to strengthen balance sheet

Government of Sharjah will acquire 50 per cent equity, subject to shareholder approval

Doha Bank opens representative office in Nepal

Doha Bank has already started partnering with Nepali banks and financial institutions to facilitate Nepalis working in Qatar to send money home.

Moody's upgrades ratings of three Bahraini retail banks

These banks are BBK, National Bank of Bahrain Bahrain Islamic Bank and Khaleeji Commercial Bank.

NBO wins prestigious CITI Straight Through Processing Excellence Award

NBO's Operations Department offers local and international customers an end-to-end service to support their national and global financial needs.

SABB ‘Best Cash Manager Bank in Saudi Arabia’ anew

The combination of SABB’s breadth of offering, extensive domestic footprint and global reach has positioned SABB as the strongest cash management player in Saudi Arabia.

Emirates NBD and Emirates Skywards define new standards for loyalty in UAE

Offers Skywards Miles on debit card spends linked to savings account balance

Egypt’s Commercial International Bank launches CVentures, a CVC to invest in FinTech startups in Middle East & Africa

CVentures will also consider making seed investment across similar markets.

Doha Bank marks National Day with festivities

The day-long celebration featured the presence of VIPs, the Bank’s leadership, senior management, as well as employees and their families.

Retail Banking