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

Three-way bank merger in Qatar aims to close by year end -sources

A shake-up has long been mooted in the Qatari banking sector given that 18 local and international commercial banks serve a population of 2.6 million.

Qatar Banks Have Sufficient Dollar Liquidity

Qatar's central bank has about $34.5 bn of net foreign reserves and the Qatar Investment Authority is believed to hold over $200 bn of liquid assets.

First Abu Dhabi Bank, etisalat among top Arab companies

The telecommunications and industrial sectors came in the second and third with etisalat being the biggest telecommunications company in all metrics.

Federal Reserve plans to raise interest rate

The US dollar rallied against the other main currencies after the Federal Reserve increased the interest rate.

Kuwait Finance House ‘rolls out’ four innovative banking services – KFH solidifies leadership in banking technology: Al-Obaid

This contributes in reaching every calling customer and maintains KFH service level at peak times.

Qatar National Bank reports healthy liquidity position

The bank says it sees no big deposit outflows and continues to grow in profitability despite the Gulf crisis.

CIO role in focus at banking innovation summit

The role of a CIO/CDO is extremely crucial for the survivability of banks today.

Qatar National Bank sees no significant outflows of deposits, other funds

The biggest diplomatic row in years among the rich states of the Gulf led to the UAE, Saudi Arabia, Bahrain and Egypt.

Gulf mixed in early trade; Qatar National Bank slides

Like other Qatari banks, it has been hit by concern that the embargo mounted against Qatar by other Arab states could reduce its access to foreign funding.

Emirates NBD provides clearing and settlement services for the UAE’s equity markets

The approval reaffirms Emirates NBD’s role as a significant player in the UAE’s equity markets, offering a wider range of value added services.

Bank Limited to advance its retail analytics programme

Pakistan’s largest bank Habib Bank Limited has announced its strategic retail analytics programme in collaboration with Qarar, UAE’s leading decision analytics consultancy.

United Arab Bank Wins a Genesys Award

The Genesys Middle East Summit is one of the leading annual events in the region.

Qatar banks can survive Gulf, foreign funds withdrawal, S&P says

Deposits and other funding sources from GCC countries represent about 8 percent of total liabilities of Qatari lenders or $20 billion.

Chairman of Samba Financial Group voted ‘Arab Banker of the year 2017’

Al Eisa further expressed his gratitude and appreciation to Sheikh Mohamed El-Sabbah, as well as its board members and Secretary General.

Qatar c.bank asks for FX data as capital outflows pressure riyal

The central bank's move to gather data on the currency market was in response to this concern.

China Construction Bank rings bell to list $1.2 billion bond on Nasdaq Dubai

Listing underlines growing economic ties between UAE and China

Gulf firms struggle to keep Qatar business ties despite crisis

Banks and firms across Gulf Arab nations sought to keep business links to Qatar open and avoid a costly fire sale of assets on Wednesday as a political freeze descended on the region.

FGB-NBAD Deal To Trigger A Wave Of Consolidations In U.A.E. Banking Market

First Abu Dhabi Bank is the chosen name for the new entity born out of the merger.

Qatari riyal under pressure as Saudi, UAE banks delay Qatar deals

Qatar has dismissed the terrorism charge and welcomed a Kuwaiti mediation effort.

KPMG Report: Bahrain Banking Sector Remains Resilient in Challenging Times

The challenging economic conditions in the region has led to widespread drop in profits in the past 12 months.

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