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

Remittance Payments Hit Record $466b in 2017

The global average cost of sending $200 was 7.1% in the first quarter of 2018, and sub-Saharan Africa remains the most expensive place to send money to, where the average cost is 9.4%.

Q1 results point to strong start for UAE lenders

Better margins, lower provisions lift banking sector performance

Oxford honour for Doha Bank CEO

Citing a recent IEA survey of global carbon levels, he said global carbon dioxide emissions surged to record levels in 2017 after the landmark 2016 Paris climate agreement was signed.

UAE- Emirates NBD Q1 profit surges 27%

During the quarter, the Impaired Loan Ratio improved by 0.2 per cent to 6.0 per cent.

Qatar's Commercial Bank posts first-quarter profit leap

It is the fourth major Qatari bank to report earnings for the period.

Ahlibank net profit rises 3.6% to QR176.1mn in first quarter

Cost to income ratio for the quarter improved to 30%, reflecting efficient management of bank’s operations.

Dubai’s Emirates NBD reports 27% rise in first quarter net profit

Lender reports “record” net profit of Dh2.39bn, says poised for growth across GCC

‘Bank for Life’: KIB embarks on new chapter of its journey

New strategy focuses on offering next-level customer experience that delivers much more than just ‘banking’

BNP Paribas named Mena region’s best M&A financial advisor

Broadgate Advisers were recognised as the best financial M&A advisers in the Financial Services industry.

Commercial Bank wins ‘Best Retail Bank in Qatar’ award for 2nd year in a row

We are the first bank in Qatar to launch contactless credit cards, debit cards, and point of sale machines to strengthen our position as the market leader for technology and innovation in Qatar’s banking industry.

National Bank of Kuwait reports 9.6 pct Q1 profit jump

The rise in net interest income and net income from Islamic financing was driven by strong growth in business volumes

A Decade of Escrow Management Services by ADCB

Government officials and developers from across the UAE gather to discuss economic impact of real estate escrow account regulations

Doha Bank opens Chennai branch at high-profile event

The advanced economies are expected to grow by 2.3 percent in 2018 and 2.2 percent in 2019 according to IMF Jan 2018 Outlook.

The Access Bank UK Reports Profits for the 4th Consecutive Year

First year profit covering all direct costs for DIFC Branch recorded at £671k (AED 3.4m)

Ithmaar Bank’s Pakistan unit reports profits of $40.8 million

The Bank is now working to further build capacity in the key areas of Human Resources and Product development.

Navigating Expansion: Q&A With Arab Bank CEO Nemeh Sabbagh

Arab Bank CEO Nemeh Sabbagh talks about growing with the region and reaching for opportunities throughout the world.

Bank Sohar celebrates 11 years of excellence

As a testament to the strength of the bank’s business model and the collective effort of its workforce, it has managed to maintain a sturdy financial performance despite economic challenges.

Qatar bank deposits witness 6% expansion to QR811.55bn in Feb

Of the total customer deposits, the private sector contributed QR470bn or 58% of the total in February.

Doha Bank hosts Employee Recognition Awards

“Everyone’s effort is building our success locally and globally, therefore it is my pleasure to thank you all and I’m looking forward to many more ‘Employee recognition Awards’ in the year ahead.”

First Abu Dhabi Bank launches new brand in Egypt following merger of FGB, NBAD

First Abu Dhabi Bank is looking to the Egyptian market as a key element of its growth strategy.

Retail Banking