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

National Bank of Oman eyes finance firm acquisition

Oman's United Finance has received an acquisition proposal from National Bank of Oman

Abu Dhabi Finance to Finance Hydra Properties on Al Reem and Shahama

This agreement will allow investors in these Hydra developments to enjoy ADF 's award winning mortgage products and customer service

Noor Bank moves to new location in Sharjah

Noor Bank has announced the relocation of its retail branch in Al Orouba Street

Banque du Caire targets EGP 2bn increase for retail portfolio by end of 2015: Hussein

Banque du Caire is targeting an increase of partial loans by EGP 2bn by the end of this year

6 banks request Citibank Egypt retail business acquisition

The official, who requested anonymity, said the offers are still being discussed, noting that there is no deadline for the discussions.

NBE wins best retail banking award

The number of NBE’s ATM machines reached 1,950 machines, an increase of 415 machine from the previous year.

Private sector lending to support credit growth in Qatar: Samba

Qatar has been sheltered to some degree from the fall in the oil price due to its large LNG revenues.

StanChart Said to Consider Sale of Oman Retail Banking Business

The British bank, which earns most of its profit in Asia, will retain its corporate and institutional clients in Oman, the people said, asking not to be identified because the information isn’t public.

StanChart said to consider sale of Oman Retail Banking business

British bank, which earns most of its profit in Asia, will retain its corporate and institutional clients in Oman

UAE Exchange joins hands with Bank of Baroda for FLASHremit

FLASHremit, an instant bank transfer facility. Now customers can send money to their desired bank accounts in Bank of Baroda in India, within minutes.

Rakbank Announces AED 362.2 million Net Profit for the First Quarter of 2015

Rakbank today announced a net profit of AED 362.2 million for the three months ended 31 March 2015. Gross loans and advances grew by 15.8% year-on-year and stood at AED 26.7 billion by the end of the quarter.

ICICI ties up with UAE bank Emirates NBD for instant money transfers

The tie up with Emirates NBD enables customers to transfer funds to account holders of ICICI bank in India within a minute through the DirectRemit service.

FGB wins big with seven-award haul at Banker Middle East UAE Product Awards 2015

FGB, one of the leading banks in the UAE, took home seven 2015 Banker Middle East UAE Product Awards after a presentation ceremony which was recently held in Dubai

Emirates NBD ties up with ICICI Bank for instant money transfers through DirectRemit

It will enable customers of Emirates NBD to transfer funds to ICICI Bank account holders in India in 60 seconds

Commercial Bank and Alfardan Exchange win prestigious Prepaid Card award

Award winning social media campaign boosts sales by a third

Customer deposits surge at Oman Islamic banks

Oman was the last country in the GCC to introduce Islamic finance, granting licences to Al Izz Islamic Bank and Bank Nizwa in 2013.

BankMed: Prudent expansion across Mideast

What motivated BankMed to open a branch in the DIFC, and what do you hope to achieve from this move?

Dubai’s mortgage deals take a dive from Q1-2014 peak

Developers work on deals with local banks to ease the mortgage take-up process

NBF Capital raises $272m for Pacific Controls

NBF Capital Limited, a fully-owned subsidiary of National Bank of Fujairah, has announced that it has successful raised $272mn (AED 1bn) for Pacific Control Systems (Pacific Controls).

Mashreq named Best Retail Bank in UAE and Qatar 2015 for outstanding customer service and innovation

Bank wins top 6 awards in total from Global Banking & Finance Review Awards Bank sets precedent for Everyday banking in the region imashreq rewarded as the most innovative global banking initiative