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

Emirates NBD Group recognised at Gulf Customer Experience Awards

Bank wins four awards, recognised for transformational efforts towards customer service excellence

QIB lays strong foundation for digital banking lead: Sheikh Jassim

At the ordinary annual general meeting, QIB shareholders approved the board of directors’ proposal to distribute 50% cash dividends of the nominal value per share, which translates into QR5 per share.

BBK Partners with Intellect's Digital Transaction Banking for Digital Transformation of its Transaction Banking Business

iGTB is the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing B2B Fintech product company with CAGR of 21% over three years.

Emirates NBD approval for debt, equity funding renewed

General assembly also approves directors’ report and 40% cash dividend

Burgan Bank reports record profits of KD 82.6m in FY 2018, growth of 26.6%

Burgan’s Board of Directors has proposed a cash dividend of 12 fils per share and 5 percent bonus shares, subject to shareholders’ approval at Burgan’s Annual General Meeting.

Ahli United Bank reports a 12.7% surge in 2018 net profit

Net profit attributable to owners of the bank to $697million.

UAE bank assets rise 1.2% in January: Central Bank

Lenders’ assets grew to AED 2.913 trillion in January

Ithmaar Holding reports net profit of $10.06m for 2018

IB Capital acquires an additional stake in Solidarity Group Holding Capital

UAE's Emirates Development Bank hires arrangers for dollar bond

Emirates NBD Capital has been appointed as the financial adviser and, together with Standard Chartered, as joint global coordinators.

StanChart, BNP Among Banks Likely to Be Added to Saudi Aramco Bond

Saudi Aramco to add about dozen banks to list of bond managers

Global Finance awarded NBK ‘Best Private Banking Services’ in Kuwait

Khalife: Award reflects the constant confidence the customers vest in NBK

National Bank of Fujairah cements leading status as best employer brand with wins at the Gulf Employee Experience Awards and Tawdheef 2019

NBF scoops awards for the Overall Experience, Employee Engagement & Happiness, Employee Insight & HR Metrics and Best Emiratisation Initiative of the Year

Emirates NBD ranked UAE’s top banking brand with a value of US$4.04 billion

In addition to its brand engagement, Emirates NBD delivered a record set of results in 2018 net profit up 20% year-on-year to AED10 billion, underpinned by higher income and a lower cost of risk.

Riyadh bank's 'coffee shop' branch helps lure new customers

Alawwal managing director Soren Nikolajsen says the Ibda cafe bank branch in Riyadh's Nakheel Mall is 'by far' the most active of the bank's branches, with a higher proportion of young and female customers

Commercial Bank International’s net profit up 29% to Dh226m

Lower provisions and cost reductions supported profit gains

Deutsche Bank seeks to rebuild in Middle East after cost cutting

Jamal Al Kishi, Middle East and Africa CEO, said Deutsche Bank said it expects to be involved in large financing deals and M&A

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

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