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

The UAE's retail banking industry has witnessed several interesting developments this year.

The biggest developments in the financial services sector in 2016 will continue to have a positive impact well into 2017

Alinma partners to renew their cards thru ATMs

This new service covers a selected set of Alinma “MADA” cards, namely classic, golden, Platinum and Alinma Purchase credit cards.

Kuwait's NBK, KAMCO invited to participate in Kuwaiti sovereign bond issue

A request for proposals has been sent to NBK Capital to help arrange a sovereign U.S. dollar denominated bond issue

Banque du Caire to open 18 new branches in 2017: chairperson

The bank's expansion plan comes in the framework of the implementation of government policies to achieve financial inclusion through expanding its customer base, says El-Zahed

Loan demand set to remain strong in Qatar, says BMI

Loan growth has slowed in Qatar amid the slump in oil prices since the second half of 2014.

Commerzbank joins peers in paring back services to Gulf

One of the bankers said he believed the German bank might allow exceptions for certain large low-risk clients.

Qatar banks have ‘more spare cash on hand’ now, says Samba

Given the fiscal consolidation taking place in Qatar, the economy appears to be performing well

Qatari bank CBQ says takes full control of Turkey’s Alternatifbank

CBQ completes the acquisition of 25 per cent stake in Alternatifbank

Filipino workers in Saudi to have their own bank in Riyadh

Manila-based news agency Sunstar reported.

Qatari bank trio in talks for potential $44 bln merger

The trio have begun initial discussions "to create a larger and stronger financial institution with a solid financial position

Hug wins Dubai Commercial Bank brief

Digital will be at the heart of the approach and the focus will be on driving customer acquisition to this unique banking mobile app.

NBAD closes syndication of $2b loan

Commitments of nearly $3 billion were received in syndication from 14 major international banks

Japan's Bank of Tokyo-Mitsubishi to open branch in Saudi Arabia

The bank also signed an agreement in September with Saudi Aramco to assist and collaborate in the company's future development.

Dubai working with HSBC bank on $7 bln financing for Expo 2020

Split between commercial loans and ECA funding to be decided

Ahli United Bank named ‘Bank of The Year Mideast’

This represents the second time that AUB has received this prestigious award.

Doha Bank MD: Gulf countries look to invest in Bangladesh

Governments of Gulf states have undertaken expansionary fiscal policy framework worth hundred and seventy billion dollars

2 Abu Dhabi banks to merge into largest Gulf Arab bank

Officials say the government of Abu Dhabi and government-related firms will own 37 percent of the bank, which will have a presence in 21 countries.

Doha Bank opens Bangladesh representative office in Dhaka

Doha Bank Q.S.C. inaugurated its Bangladesh Representative office

Qatar’s Ezdan picks up $460m with Chinese support

Property firm Ezdan of Qatar has rallied 10 banks to participate in its $460m Islamic loan refinancing. All were Middle Eastern except HSBC

Jordanian, Arab investors set to buy 20pct stake of Arab Bank

One of the largest privately owned banks in the Arab world.

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