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

Al Khaliji denies rumours of merger with IBQ and Al Ahli Bank

Al Khalij Commercial Bank denies speculation of a three-way merger with International Bank of Qatar and Al Ahli Bank in a statement.

Commercial Bank launches Enterprise Mobile Banking App for SMEs

Commercial Bank understands that operating businesses in the most cost-efficient way is crucial to SME customers’ underlying profits.

Corrected-Egypt's EFG Hermes board approves Credit Libanais stake sale at $33/share

It said the shares will be sold to Arab and Lebanese investors and is subject to approval from the Lebanese central bank. It also expects the deal to be complete by June 30.

Emirates NBD Group announces strategic initiatives for women in the UAE

These young women have proven that they are indeed the future leaders of this generation and have transformative ideas that we recognized at our graduation ceremony recently.

Mashreq recognized for leading the retail banking industry in the UAE. Again.

The Global Banking and Finance Review Awards were created to recognize companies of all sizes that are prominent in particular areas of expertise and excellence within the global financial community.

Commercial Bank Receives CSR Award

Commercial Bank CEO Abdulla Saleh alRaisi received the award from QU president Dr Hassan Rashid alDerham.

Commercial Bank joins ‘3rd Entrepreneurship in Economic Development Forum’ as platinum sponsor

As Qatar’s first private bank with entrepreneurial beginnings, Commercial Bank strongly advocates the diversification and growth of the private sector by promoting entrepreneurship, especially when this involves nurturing the entrepreneurial skills

Standard Chartered makes retail banking paperless

Retail Workbench is now going live in six markets: Malaysia, India, the UAE, Bangladesh, Nigeria and Kenya and is a part of the bank's last year announcement that it will invest $1.5bn in technology over three years.

Bank Sohar Website Wins Pan Arab Award

The 15th Pan Arab Web Awards Academy boasted a distinguished panel of judges who took into account a number of key factors when evaluating the over 500 Web nomination entries

Barclays Bank plans to leave Egypt

Barclays Group Chief Executive Jes Staley said that the bank intends to reduce its stake, amounting to 62.3 per cent

QDB conference ‘Moushtarayat’ to showcase more than 400 opportunities worth QR2bn

The event is one of the many ways QDB provide support to the SME sector through offering lowrisk purchasing opportunities, linking SMEs with major stakeholders and promoting competitive business environment, he added.

NBAD counting on beefed up retail operation and new strategy to pay off

The strategy is starting to bear fruit

Egypt's CIB says signs deal to sell investment bank to Orascom

CIB accepted a bid from billionaire Naguib Sawiris's OTMT to buy CI Capital earlier this month.

QSE names winners of investor relations excellence award

In the best IR website category, Ooredoo, Al Khaliji and Vodafone Qatar were the winners.

Ithmaar retail growth up, plans new holding firm

The improved performance was impacted by recognition of certain investment related impairment provisions, said a statement.

Qatari bank Al Khaliji eyes capital bond issue

Al Khaliji, Qatar's sixth-largest lender by assets, was also looking at issuing a dollar-denominated bond under its regular debt issuance programme to assist with its funding needs, having increased the size of the programme last year.

Saudi Arabia's NCB to close branches in Lebanon

The closures will have no impact on the bank's current financial statements, NCB said.

HSBC to Restructure Turkish Unit after Failed Sale Attempts

According to people familiar with the matter, HSBC will likely announce its intention to restructure its Turkish unit instead of pursuing a sale when it reports annual results on Feb 22.

Saudi Ahli Commercial Bank shuts down Beirut operations

They added that the bank had taken the decision to close its operation in Lebanon over a year ago.

Barwa Bank wins ‘Best Retail Bank for 2015’ award from CPI Financial

CPI Awards are based on a peer-vote process that reflects industry-wide recognition for winners.

Retail Banking