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

Oman's Bank Sohar and Bank Dhofar plan due diligence on proposed merger

Oman's Bank Sohar and Bank Dhofar have entered into a non-binding agreement on a proposed merger

Oman's Bank Sohar, Bank Dhofar plan due diligence on proposed merger

The banks agreed to proceed with due diligence, subject to receiving regulatory approvals, they said in separate statements.

Mashreq launches UAE's first certification program towards Sales Integrity & Ethics

Mashreq introduces "Integrity & Ethics" certification program in partnership with the Chartered Institute for Securities & Investment

National Bank of Oman decides not to buy United Finance

National Bank of Oman has walked away from talks to buy United Finance after due diligence, it said on Tuesday.

Banks in Oman back calls for avoiding debt pitfalls

Salim Al Kalbani, acting head of retail products, business and segments department at Bank Dhofar, says that customers should know what their requirements are.

Emirates Islamic launches Easy Card

Emirates Islamic today announced the launch of 'Easy Card', a card which provides for a simple approval process with a range of features and benefits that reward customers as they spend.

BankDhofar Launches New Debit Cards with EMV Technology

BankDhofar migrates with CBO-OmanNET EMV programme

Bank Muscat named ‘Best Bank in Oman’

Bank Muscat has been named the ‘Best Bank in Oman’ by Banker Middle East

Ithmaar Bank earns Excellence Award

Ithmaar Bank , which achieved 94.5 percent efficiency in the execution of electronic payments during 2014, received the Straight Through Processing Excellence Award at a ceremony held at the Bank's Seef Headquarters.

Egypt's Banque Misr in talks with banks for dollar loan

Banque Misr , Egypt's second-largest state lender, has invited banks to pitch for arranger roles on a potential dollar-denominated syndicated loan

Doha Bank starts operations in SA

Doha Bank Group, one of the largest commercial banks in Qatar, said it is this week opening an office in South Africa, which it sees as the “gateway to the African continent”.

NCB raises SR1bn through sukuk

Saudi Arabia's National Commercial Bank became the latest lender in the Kingdom to announce the sale of a capital-boosting Islamic bond, raising SR1 billion ($267 million) through a sukuk which will enhance its core capital.

National Bank of Egypt picks banks for potential benchmark bond

The Egyptian government returned to the international debt market this month after a five-year hiatus due to political and economic instability.

UAE bank NBF expects market-leading loan growth this year

National Bank of Fujairah (NBF) expects to outperform its rivals with double-digit loan growth in 2015 as buoyant demand in sectors such as trade finance, services, manufacturing and education offset slight softness in the infrastructure market, its CEO s

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