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

Kuwait's Burgan Bank to redeem subordinated debt worth $730 mln

Will also buy back 100 mln dinar bonds for same reason

Ithmaar reopens enlarged branch in Bahrain

The upgraded branch, which includes an almost 30 percent increase in total area over the previous branch premises

SAIB Wins Best Banking Loyalty Program Award

The Saudi Investment Bank is awarded "Best Loyalty Program of the Year in Financial Services" at the Loyalty Awards in London.

Emirates NBD launches mobile remittance service to India

The service builds on the bank's popular DirectRemit platform that allows money transfers in 60 seconds to beneficiary accounts.

Asset management firms shift focus to unpaid consumer bills

Asset management companies, which have already been de-facto managing the non-performing loans of the ten largest banks in Turkey, have now set their eyes on unpaid telecommunication, natural gas and water bills, according to an exclusive report in daily

ALUBAF achieves ISO/IEC 27001:2013 certification

"It is with great pride that we announce our successful achievement of ISO 27001:2013 certification," said Mr. Hasan Abulhasan, Chief Executive Officer of Alubaf Arab...

Banks in UAE no longer demand blank cheques

Demand for higher security amounts depend on bank’s risk perception

Seychelles Bank turning Sharia-compliant

The delegation called on Seychelles President James Alix Michel in the country’s capital Victoria.

UAE authority approves NBAD for lending activity

The Securities and Commodities Authority (SCA) in the United Arab Emirates (UAE) has granted approval for the National Bank of Abu Dhabi (NBAD) to engage in securities lending and borrowing activities, making it the first bank to receive approval.

Emirates NBD partners with Uber on exclusive offer for cardholders

Emirates NBD has signed an exclusive partnership with Uber, allowing Emirates NBD customers to enjoy more rewards on their credit cards, complimentary rides and opportunities to win cash back every hour.

JS Bank goes international

JS Bank was recently granted a wholesale banking licence by The Central Bank of Bahrain for branch operations in Bahrain.

Meezan Bank gets SBP nod to merge HSBC Oman operations

The in-principle approval from the banking regulator means that Meezan Bank now would be allowed to carry out the required formalities that include getting its shareholders' nod, for the proposed merger.

Emirates NBD Named UAE's Best Bank

Euromoney's award decisions are made by a committee of senior journalists

RBS ends plan to sell UAE transaction services to ADCB - sources

Royal Bank of Scotland (RBS) has ended its plan to sell its United Arab Emirates cash management and trade finance business to Abu Dhabi Commercial Bank (ADCB), sources familiar with the matter said on Monday.

UAE debtors in financial crisis ‘must not fear asking banks for help’

UAE residents with debts they cannot afford to repay must not be afraid to turn to the banks for help

Retail banking in Lebanon needs to stay abreast of new technologies to maintain growth, experts at a banking summit held at the Radisson Blu Martinez Hotel advised Monday.

Retail banking is the provision of services by a bank to individual consumers rather than to companies, corporations or other banks.

Shari Arison says might cut her 20% stake in Bank Hapoalim

Shares held by Arison Holdings could go to a foreign investor to boost the bank’s business abroad.

MEAB strives to become an Alpha Bank in Lebanon.

As the new Chairman, he steadfastly declares that, “As we look ahead, the Bank remains committed to sustainable growth.

Burgan Bank wins four awards

The bank’s success was recently announced at the Asian Banking and Finance 2015 Awards ceremony held at the Shangri-La Hotel in Singapore, where judges from global institutions identified Asian banks that rise above the rest with their groundbreakin

QCB loan-deposit cap set to weigh on bank lending

With the Qatar Central Bank stipulating banks to set the loan-to-deposit ratio to 100%, starting from 2017, the sector may witness some pressure on lending capacity and intensified competition in deposit mobilisation, according to global credit rating ag

Retail Banking