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

Kuwait’s CBK gets approval to raise up to 120m dinars via bonds

The bonds will comply with Basel-III rules

Bahrain Association of Banks publishes The Handbook of Retail Banking

The Bahrain Association of Banks has published The Handbook of Retail Banking, a guide to the retail banking industry in Bahrain.

GIB launches trial phase of retail banking services

In developing its retail services for specific customers, GIB adopted the co-creation concept with a large target customer base

Qatar National Bank Q2 net profit edges up, beats estimates

Qatar National Bank, the largest lender in the Gulf Arab region, reported a small increase in second quarter net profit on Tuesday

Abu Dhabi Finance move to the New Office & Wins the "Best Retail Finance Company at the Banker Middle East Industry Awards 2014

It is a very great honour for us to win 'Best Retail Finance Company

BBK wins best retail Bank Bahrain 2014

The Global Banking and Finance Review Awards honour institutions that stand out in their particular area of expertise in the finance industry

3 CPI Financial awards for Bank Sohar

All three awards were handed over to the bank by Adam Broom, CEO of CPI Financial, at an event held at the bank’s premises on June 30.

Saudi Hollandi Bank Q2 net profit jumps 28.1 pct on higher income

It cited higher operating income - which increased 17 percent year-on-year to 811.2 million riyals - for the increase in net profit without elaborating.

BIT and NECB banks merge

A statement by the two banks said that they signed an understanding but this agreement still needs the final approval of the Central Bank.

Qatar's CBQ to buy out public shares, then delist Turkey's Alternatifbank

These publicly owned shares will be bought for the average market share price over the last 30 days

Standard Chartered to expand banking services in Jordan, says CEO

Many large corporations that are owned by Jordanians and have business activities in the region and the world, prefer to bank with an International bank such as Standard Chartered.

Union National Bank wins Two Awards at the 2014 Banker Middle East Product Awards Best Car Loan and Best Personal Loan

The UNB Auto loan offers customers a unique benefit on their car loan

Capital Intelligence affirms ratings on FGB

FGB's good Q1 2014 results underpin the 'Stable' Outlook assigned to the rating. The Bank's Foreign Currency Ratings are maintained at 'A+' Long-Term and 'A1' Short-Term, with a 'Stable' Outlook.

Barclays’ expanding Dubai office is a ‘fun’ place to work

Barclays corporate bank in the UAE will add another 10% to its headcount in 2014

ADIB aims to keep Barclays customers in the fold

The retail clients were notified of the changes and were given 90 days to opt out of the integration

Bank AlJazira wins the Best Real Estate Financing award

Mr. Khalid Al Othman, SVP and Head of Retail Banking Group at Bank AlJazira

Ahlibank Qatar unveils new brand identity

Ahlibank has announced the launch of a new logo and corporate identity which is designed to reflect the bank’s deep local roots and commitment to existing and future personal and corporate banking customers and the communities it serves.

Cedrus set to acquire Standard Chartered as staff issue solved

Cedrus Invest Bank is expected to formally acquire the retail operations of Standard Chartered Bank operations in Lebanon, having finalized details including the fate of the employees

Union National Bank Inaugurates 5 New Branches in UAE

The opening of the five new UNB branches at Abu Dhabi, Dubai & Ajman marks a step in the bank's progress towards a new era of modernity and providing greater convenience and accessibility to its consumers.

Regional growth, global opportunities under spotlight at World Islamic Retail Banking Conference

Globally, Islamic banks are already serving c. 38 million customers which will be rising thus resulting in growth of Islamic banking assets to $3.4 trillion by 2018.