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

QNB scoops five top IR Excellence awards

Qatar Stock Exchange announced the winners of the 2017 IR Excellence Program at a high-profile event held on Tuesday.

Citigroup Targets Rapid Middle East, Africa Growth in 2018

Citigroup said last month it had won formal approval from Saudi Arabia's Capital Market Authority to begin an investment banking business there, enabling its return after an absence of almost 13 years.

Egyptian Billionaire's Bank Seeks Acquisitions to Bolster Growth

The company is looking at acquisition opportunities in the leasing and consumer finance sectors in Egypt and might consider starting a micro-finance business, he said.

QNB Group Announced the Successful Closing of the Syndication for Its USD 3.5 Billion Three Year Senior Unsecured Term Loan Facility

The Group also announced that it had already repaid in full the earlier loan of USD3.0 billion syndicated loan prior to issuing the above mentioned new loan Facility.

ABG Egypt net profits rises 42pc

Customer deposits increased by 17pc to EGP 44.2 billion at the end of 2017 compared to the end of previous year.

UAE's FAB gets investment banking license in Saudi Arabia

Lender joins likes of Citi who are courting the kingdom for business

Qatar National Bank raising $1.38 billion with private bond

The new private placement was upsized to $1.38 billion from the original amount of $1.3 billion, said the spokesperson.

International Bank of Qatar Reports 11 Percent Growth in Net Profit for 2017

The bank’s total operating income has also increased by 13 percent against 2016.

Gulf banks continue innovative funding run

Qatar National Bank has added to a busy run of funding with a$1bn two year private placement that it sold to a single investor

Five Egyptian investment banks receive MENA Fund Manager Performance Awards

The MENA Fund Manager Performance Awards is the largest gathering of fund managers in the region.

CBI 2017 net profit surges 40pc to $47.6m

This was driven by significant recovery efforts as well as net income growth due to better control over expenses and resource allocation.

UAE's First Abu Dhabi gets securities licence in Saudi Arabia

FAB said last week that it was working on expanding its business in Saudi Arabia

Bank Sohar wins coveted award from ROP

The award, which marks the bank’s 1st recognition in the year 2018, was presented to the bank in acknowledgement of the originality, effectiveness and overall success of its two year Road Safety campaign ‘RakizWaSouq’.

Noor Bank opens new Bur Dubai branch

“While planning to establish a new branch, we carefully evaluated the location."

Oman Arab Bank reveals Hasaad Savings Scheme for 2018

Amjad added, “We are very excited about conducting the January draws in the next couple of days and announce the names of the first batch of lucky winners in the 2018 Hasaad Savings Scheme.

Dubai's Emirates NBD issues A$450 mln Kangaroo bond

This is the latest in a number of debt issuances in alternative markets by the bank

Qatari Commercial Bank to strengthen economic ties with Turkey

Qatari lenders also focused on diversity in financing sources since the country was boycotted by those Arab countries.

NBK Capital Partners exits $157m private debt fund

Alternative investment vehicle invested in mid-sized firms in the GCC and Turkey

Commercial Bank has ‘sufficient potential to grow’ in Qatar: CEO

Commercial Bank’s countrywide network now includes 29 full service branches and 179 ATMs.

Bank Sohar posts 33 per cent growth in net profit

"The bank has been consistent in maintaining exceptional financial performance because of our customer-focused strategies"

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