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

Saudi Bank Closes Lebanon Branches

Informed banking sources expressed fear that the decision to close the bank’s two branches in Lebanon was the result of Hizbullah’s verbal attacks on Saudi Arabia.

Gulf Bank named as ‘Best Cash Management Provider in Kuwait’

This award recognizes providers that offer sophisticated domestic, regional and/or global solutions with an innovative technology backbone and a client-centric front end.

Al khaliji wins 'Banker Middle East' awards

It includes awards in the categories of 'Best Premium Banking Service', 'Best Corporate Account', 'Best Current Account' and 'Best Call Center.'

Bank Sohar, Bank Dhofar merger update, due diligence commenced

In statements to the Muscat Securities Market, Bank Sohar and Bank Dhofar separately advised that consultants appointed for legal and financial due diligence on the proposed merger of the two Omani banks had commenced work.

Barclays cuts 150 jobs in Mideast as it restructures corporate bank

Barclays has been reviewing its business globally after the appointment of Jes Staley as chief executive in December 2015.

JS Bank opens new branch in Bahrain Bahrain

The opening of the Bahrain branch is an important milestone for us as it gives us our first footprint outside of Pakistan

NBK the most valuable banking brand in Kuwait: Brand Finance

According to Brand Finance, NBK’s Brand value reached $1.39 billion, up 33 percent year-on-year. Also, NBK’s brand rating is ranked AA, among the top in the region.

Doha Bank bags four awards

The awards were received by Dr. R. Seetharaman, CEO of Doha Bank and Senior Management from the Retail Banking, Treasury Investment and Technology departments at a ceremony held in Doha last week.

NBF Capital recognised as “Best Customer Experience Team”

NBF Capital is regulated by the Dubai Financial Services Authority

Qatar Development Bank launches The Franchise Project to encourage local SME international growth

10 SMEs to 5 countries in 3 years

Alizz islamic bank CEO honoured with GCC’s ‘Top CEO’ Award

The awards celebrate the achievement of the region’s top players in the market, making them the most credible and transparent in the region

Iran's financial regulator plans mortgage-backed securities market

The new MBS rules, released by the SEO last week, include strong consumer protection features

UAE’s biggest bank says still hiring despite oil slide

NBAD announces it is not planning any redundancies

HSBC said to review operations in Lebanon amid cost-saving push

London-based HSBC said in June that it’s targeting annual cost savings of as much as $5b by 2017

UAE's RAKBANK to cut up to 250 jobs as part of review

"RAKBANK revisited the organisation structure of select departments and made changes where necessary to improve synergy and efficiency across the bank.

UNB holds its annual Best Service Branch Award ceremony

All UNB Retail branches were evaluated based on their achievements in attaining excellence in Customer Service & Customer Satisfaction”.

Al Ahli Bank of Kuwait wins ‘Banker Middle East’ award

They also include the ABK Emirates credit and prepaid card program

BBK continues its growth and expansion with inaugurating its 17th Branch

That is in addition to the Bank's continuous efforts to further develop its services through different other channels such as ATM machines, internet banking and POS to name a few.

Emirates Development Bank offers comprehensive services from its Dubai branch

EDB has been established to help finance housing for UAE citizens, as well as investing in SMEs and key infrastructure projects

EDB opens new Dubai branch

Emirates Development Bank today announced that its recently opened Dubai branch is now fully operational and providing customers in the Emirate with a comprehensive suite of services and housing solutions.