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

Contraction in Saudi growth seen slowing pace fiscal reforms

The contraction in the oil sector is likely to increase in second quarter and third quarter of 2017.

Banking shares fall in Gulf markets

The Dubai index rose 0.4 percent as real estate-related shares were the most active.

Egypt borrows $200m from Afreximbank

The three-year term facility will also aim to fund the light manufacturing activities in the country.

First-quarter figures show increase in money supply at Oman’s banks

Central Bank of Oman statistics show an upswing in money supply among the nation’s banks in the first quarter of 2017, with total deposits to conventional banks rising by 4.2% to OR19.02bn ($49.4bn), compared to growth of 2% in quarter one 2016.

GCC a regional trendsetter on credit bureaus

Almost all UAE banks are now using data from the new national credit bureau, placing the nation on par with most developed markets

Qatar’s three-way bank merger aims to be completed by year-end

The merger will create the country’s second largest lender

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.

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