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

Indian banker found dead after missing for a week in UAE

The cause of death will be known following a forensic test

Bank Muscat Launches Management Development Programme by Insead Business School

The programme was formally launched in a ceremony attended by Shaikh Waleed al Hashar, deputy chief executive officer, and management team members.

Bank Muscat's H1 Net Profit Rise 6.4% To RO90MN

Non-interest income increased 4.9 per cent to RO71.95mn for the first six months in 2018 as compared to RO68.57mn in 2017, according to a press release issued by Bank Muscat.

HSBC, Credit Suisse to advise on Kuwait's KFH, Bahrain's AUB merger talks

A merger between Bahrain's largest bank and Kuwait's biggest Islamic lender would be the first cross-border tie-up

Qatar National Bank second-quarter net profit rises 5.7%

The bank made a net profit of QAR3.7billion ($1.02billion) in the three months to June 30

Portugal’s Novo Banco completes sale of controlling stake in Cabo Verde bank

This was the second attempt to divest the Cape Verdean bank after having failed to sell to a group of investors led by Portuguese businessman José Veiga in 2016.

NBK reports net profits for 1H 2018

12.9% year-on-year growth.

Palestine's The National Bank introduces the First Digital Service Center in the Middle East

The system allows multi agents to use the same social platforms to answer inquiries

Barwa Bank and International Bank of Qatar in advanced merger talks

Barwa Bank and International Bank of Qatar were not immediately available to comment.

UAE to give ethiopia usd3 billion in aid and investments

The UAE will deposit $1 billion in Ethiopia’s central bank to ease a severe foreign currency shortage, government spokesman Ahmed Shide said.

Masraf Al Rayan, Barwa Bank, IBQ call off merger plan

Masraf Al Rayan is a listed entity, while Barwa Bank and IBQ are not listed

National Bank of Fujairah to tap debt programme to fund growth

NBF received approval from shareholders in March to convert the Dh500m additional tier 1 capital notes into ordinary shares at Dh2.85 per note.

Ithmaar Bank unit on growth path

Ithmaar Bank owns 66.

Going Public: Saudi firms among world's largest publicly traded companies in Forbes list

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day

Bank Muscat and Newgen Software Receive The Asian Banker Financial Technology Innovation Awards, 2018

The awards ceremony was held in Dubai on April 25th, 2018.

Qatar's Commercial Bank ends UAB stake sale talks with Tabarak

Reuters had reported in April that Tabarak had been granted more time to secure the financing it needs to buy a 40 percent stake in United Arab Bank.

World Union of Arab Bankers Awards 'Samba' Arab Bank of the Year

CEO of Samba Financial Group, Rania Nashar expressed her pride in this achievement, which reflects the regional position of Samba and the efforts that the Group has been able to build thanks to its commitment

Qatar remains conducive to new businesses despite siege, says QDB official

If you look back five years ago, Qatar's entrepreneurship ecosystem was totally different from what you see today.

Algosaibi signs grant agreement with Ebdaa Bank

$263,000 grant will help enhancing bank’s financial solvency and to increase its ability to expand borrowers list

Russian bank VEB opens office in Abu Dhabi

The VEB representative office in Abu Dhabi will promote cooperation between the UAE and Russia in exports and investment

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