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

Tahir eyes StanChart''s Permata stake

The group has been buying shares of Permata from the market since November.

Large UAE banks' post solid Q4 profitability supported by stable core income

This performance was underpinned by higher fee and commission income from retail and corporate lending services.

60 years bodes well for ibq

Commission increased by four per cent to QAR 128.6 million from 2015’s QAR 124.1 million, and investment income posted QAR 20.9 million.

Qatar National Bank eyes South-East Asia

The business environment in South-East Asia is great for us.

OBA Hosts Forum on Cybersecurity Strategies

The forum marked the first major event of OBA in view of cyber risk being the top operational risk for the banking and finance industry.

National Bank of Fujairah recognised for commitment to nurturing talent with accolade for ‘Best HR Team’ at Gulf Employee Experience Awards

This is the second time NBF’s HR team has been acknowledged as one of the best in the region

Ooredoo & QNB among winners of IR Awards

Commercial Bank of Qatar won award in Best mid cap company category while Salam International won award in the ‘Best small cap company.

AhliBank Qatarpicks six for senior return

Ahli Bank Qatar will hit the road next week for a five year senior bond, as issuance from Middle Eastern banks ramps up.

Burgan Bank introduces new Visa Debit Cards to its Private and Premier

These cards go one step further to provide affluent cardholders with a level of access and privilege that have become the hallmark of Visa Infinite and Visa Signature.

QNB honoured as most valuable banking brand in Middle East and Africa region

The Group’s financial results and its strong performance during 2016 had also a positive impact on its brand value ranking.

Commercial Bank of Dubai reports Q4 loss on bad debts and expenses

The bank said that gains in net interest income and non-net interest income helped boost operating income by 4.7 per cent to Dh2.46bn in 2016.

Bank ABC posts $183m net profit for 2016

The bank reported a net profit of $33 million for the fourth quarter

QNB planning to open branches in Saudi and India in overseas push

The bank is now eyeing a 50:50 profit ratio from international and domestic operations.

Emirates NBD launches Liv. digital banking proposition

Emirates NBD has announced the launch of Liv., the UAE’s first digital bank targeted at millennials.

Banque du Caire officially requests listing on Cairo bourse, eyes IPO in H1

EFG-Hermes and HSBC had been selected as consultants for the initial public offer

First Gulf posts record profit of $1.64bn for 2016

Throughout the years, we were able to build resilience and earnings momentum by focusing on the prudent and selective growth of risk assets, on funding cost optimisation and on the efficient allocation of resources.

Tijari declares net profit of KD 50.4m for 2016

The Board of Directors recommended to the General Assembly cash dividend distribution of 15 fils per share and a bonus issue of 10 shares for each hundred shares, compared to 13 percent cash dividend and 6 percent bonus issue last year.

QDB workshop for SMEs on organising trade fairs

The workshop was designed to facilitate a free exchange of views and ideas between coaches and participants.

Changing dynamics could impact global sustainability, says Doha Bank CEO

We need to anticipate what policy shifts could do for the world’s economic outlook.

Gulf Bank wins double whammy with Best Digital Bank and Best Mobile Banking App in Kuwait

Despite a new plethora of opportunity that digital banking boasts, many institutions have chosen to stick to their traditional trajectories, unwilling or unable to embrace a new era in banking – to their detriment.

Retail Banking