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

Abu Dhabi bank merger will create regional powerhouse

The chief executive officers of both banks will continue until the merger takes place, after which FGB managing director Abdulhamid Saeed will take over.

Assets of Commercial Banks in Oman Rise 7.7% to OMR28.6 Billion

Conventional banks' overall investments in securities stood at OMR2.7 billion as at the end of April 2016.

Dubai's biggest bank said to sign upsized $1.7bn loan

Another of the emirate's banks, Commercial Bank of Dubai, is expected to sign a three-year loan of up to $500 million in the next few days to refinance existing debt, sources familiar with the matter told Reuters on Thursday.

Gulf Bank Wins ‘Best Commercial Bank of the Year’ and ‘Best Innovation in Retail Banking’ in Kuwait from International Banker

The ‘2016 Banking Awards’ distinguish those institutions that have excelled in providing an unparalleled service to their clients whilst also continuously maintaining a high level of regulatory compliance.

Doha Bank launches Ramadan promotion

The promotion runs from 15 June 2016 to 31 July 2016 during which the accumulated 5 percent on the principal amount transferred through Western Union will be credited into the customers’ account once every week.

Abu Dhabi Banks Said in Talks to Form Biggest Mideast Lender

NBAD and FGB both said it is not their policy to comment on speculation or rumor.

Oman banks’ merger to strengthen financial sector

This is one of the major mergers for Omani banks, after the merger of HSBC Bank Oman and the Oman International Bank almost four years ago.

Qatar National Bank says completes acquisition of Turkey's Finansbank

Finansbank is the fifth-largest privately-owned bank by assets in Turkey.

Ithmaar Bank continuously backs WIBC

Our continued support for the WIBC is in line with our long-standing commitment to playing a real and meaningful role in supporting the development of Bahrain’s banking and finance industry.

Ithmaar Bank continuously backs WIBC

Ithmaar Bank is committed to becoming one of the region’s premier Islamic retail banks, said Abdul Rahim.

Bank of Bahrain and Kuwait opens its first agency in Turkey

According to the announcement, BBK has an agency in Kuwait along with the one in the Kingdom of Bahrain.

KHCB named Bahrain's Fastest Growing Bank

Over the past year, the bank has seen increases in terms of net profit, gross assets, gross fixed deposits and financing assets.

ADCB recognized by Euromoney Award for Excellence 2016

Besides focusing on the cash management and trade management business, it has a very unique client services proposition that has been one of its key successes.

Ministry and Al Rayan Bank launch loyalty card

It offers the delivery of SMS messages to consumers to prevent fraud operations in online transactions.

Qatar National Bank sells QAR10 billion Tier 1 capital notes

The fully subscribed issue aimed to strengthen the bank’s capital adequacy ratios and support future growth.

KHCB Launches New ATM in Saar Mall

Commenting on this occasion Mr. Mazen Salman Sater, Assistant General Manager for Retail Banking said, "We are pleased to announce the launch of our new ATM which will allow customers to utilize our wide range of services.

Update on Bank Dhofar/Bank Sohar merger plans

The banks said they will keep the shareholders and the market informed of any further developments through suitable disclosures in line with the disclosure requirements.

AbdulAziz Al Ghurair named Middle East Banker of the Year

The UAB has been a source of strength and inspiration during times of economic turmoil and helped banks in the Arab world face many of the same challenges confronting banks in other parts of the world.

ABK wins ‘Best Bank Transformation in ME’ award

With the implementation of the ‘Simpler Banking’ strategy and major HR and technology enhancements, ABK has entered a new era

HSBC Lebanon acquisition delayed by staff negotiations

“It’s still not clear who will control the retail operations of the bank. We are one of the three or four banks bidding for the bank,” he added.