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

Retail Banking Country Snapshot: UAE

Emirati consumers retain a traditional attitude towards provider choice, favoring banks with which they have a prior relationship.

UAE's UAB picks banks to arrange $150 mln syndicated loan

Bahrain's Bank ABC, Germany's Commerzbank Aktiengesellschaft, Filiale Luxemburg and UAE's Emirates NBD Capital were appointed as lead arrangers and bookrunners for the deal, it said, with Bank ABC acting as coordiator.

Qatar's Ahli Bank starts talks on $250 mln loan to refinance debt

One of the sources said the Qatari bank was talking to five banks about the loan, but declined to name them.

KFH bags ‘International Volume Growth Cross Border 2015’ award

KFH has demonstrated a consistent keenness for embracing the latest technology and innovation in the world of payments

AL-MAWARID Bank reveals its 2016 business strategy

The team's efforts have contributed in registering a significant growth amongst the Bank's key indicators.

ABK wins Africa Regional ‘Deal of the Year’ Award

Commenting on this prestigious award, Michel Accad, ABK’s Chief Executive Officer, said: “It is a great honor to receive the ‘Deal of the Year’ award for the acquisition of Piraeus Bank Egypt.

Commercial Bank named "SME Bank of the Year"

Regional awards for both SME banking and best deposit product won at ceremony in Dubai

Saudi Hollandi Bank honored for customer, retail services

Now customers accumulate points for every transaction posted, whether directly through the bank or via participating merchants, to earn credit towards travel or financial products.

Saudi Hollandi Bank wins 2 awards

The bank was recognized for its new Loyalty Management platform and CRM system that provides a 360-degree view of the customer.

HSBC Said to Be Selling Lebanese Unit as Gulliver Cuts Costs

In Saudi Arabia, the bank holds a 40 percent stake in Saudi British Bank and a 49 percent share in HSBC Saudi Arabia.

Global Finance Names QIB as the World's 'Best Islamic Retail Bank' for the first time

The awards were given on the strength of QIB's financial performance, its embrace of cutting-edge banking technologies, and its customer-centric approach to both its product offering and the overall banking experience.

QNB receives 2 prestigious awards from The Asian Banker Magazine

In recognition of the quality and integrity of its operations in the Middle East

Oman's Bank Dhofar offers terms of proposed merger to Bank Sohar

The merger would create the country's second-largest bank with a market capitalisation of $1.81 billion and assets of $13.69 billion, Thomson Reuters data shows.

Reliance on credit cards in UAE is good for banks but bad for economy

For many holders it becomes like the travails of the Greek figure Sisyphus, condemned to pushing a boulder up a hill, only for it to keep rolling back down on him.

Qatar First Bank announces second Qatar share float since 2010

The reference price of the shares will be QR 15 on the opening day with a fluctuation of 30 percent, said a Qatar Stock Exchange statement.

Al Baraka Bank begins due diligence of Burj Bank

Al Baraka Bank nor Burj Bank is listed on the stock exchange.

Oman's Alizz Islamic Bank Unveils New Financial Product

Growth of Islamic banking in Oman is an incredible phenomenon says an official of the alizz islamic bank.

Mashreq honored for its customer driven innovation and service excellence

Mashreq scoops 4 awards at the 2016 Banker Middle East Product Awards

QNB launches new government contract financing product for SMEs

The new product is another valuable addition to QNB’s outstanding SME product line, aimed at assisting this important sector and promoting its advancement and growth as a true driver of the Qatari economy and its development, it said.

Gulf Bank wins 2 prestigious awards from International Finance Magazine

These awards underline both the Bank’s commitment to delivering the most innovative financial products and easy-to-use products.