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

NBAD recognised as the ’Best Cash Management Bank in the UAE’

They clearly indicate NBAD has distinct and valuable products to offer.

NBAD updates its $7.5 billion EMTN prospectus

National Bank of Abu Dhabi has provided a supplement to the base prospectus of its $7.5 billion EMTN Programme

Oman Arab Bank signs strategic partnership with Visa

Our long-standing relationship with Visa goes back a decade.

Dubai mortgage lender Amlak renegotiates part of 2014 debt deal

At the time, Amlak did not give the size of the debt being restructured, but bankers estimated it at about $2.7 billion.

Bahrain bank, Mastercard join forces to develop financial skills

The deal with BIBF is part of Mastercard's aim of developing leaders in the financial sector across the Middle East and Africa by investing in skill development.

Recovering oil prices to give needed cushion for Gulf economies

The world’s largest exporter of oil expects revenues to jump 46 per cent next year, hoping to collect 480 billion riyals in 2017 compared with 329 billion this year, the finance ministry said.

National Bank of Oman weighing offer for stake acquisition

Further disclosure concerning this matter will be made if there are developments to report.

Dubai's Shuaa Capital buys 14 percent stake in Bahrain's Khaleeji Commercial Bank

KHCB is considered one of the fast growing commercial banks in the region, with a paid up capital of BD105 million and total assets of BD709 million.

Ahlibank opens branch at Crowne Plaza Doha

The Crowne Plaza branch features Ahlibank’s “new brand identity with modern technology, including interactive touchscreens designed to enhance the customer experience”, the bank said in a statement.

EDB approves $204m Emirati housing loans

The EDB strives to deliver the Federal Government Vision 2021

The UAE's retail banking industry has witnessed several interesting developments this year.

The biggest developments in the financial services sector in 2016 will continue to have a positive impact well into 2017

Alinma partners to renew their cards thru ATMs

This new service covers a selected set of Alinma “MADA” cards, namely classic, golden, Platinum and Alinma Purchase credit cards.

Kuwait's NBK, KAMCO invited to participate in Kuwaiti sovereign bond issue

A request for proposals has been sent to NBK Capital to help arrange a sovereign U.S. dollar denominated bond issue

Banque du Caire to open 18 new branches in 2017: chairperson

The bank's expansion plan comes in the framework of the implementation of government policies to achieve financial inclusion through expanding its customer base, says El-Zahed

Loan demand set to remain strong in Qatar, says BMI

Loan growth has slowed in Qatar amid the slump in oil prices since the second half of 2014.

Commerzbank joins peers in paring back services to Gulf

One of the bankers said he believed the German bank might allow exceptions for certain large low-risk clients.

Qatar banks have ‘more spare cash on hand’ now, says Samba

Given the fiscal consolidation taking place in Qatar, the economy appears to be performing well

Qatari bank CBQ says takes full control of Turkey’s Alternatifbank

CBQ completes the acquisition of 25 per cent stake in Alternatifbank

Filipino workers in Saudi to have their own bank in Riyadh

Manila-based news agency Sunstar reported.

Qatari bank trio in talks for potential $44 bln merger

The trio have begun initial discussions "to create a larger and stronger financial institution with a solid financial position

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