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

Bank Asya Reduces Staff as Turkish Political Feud Hits Deposits

Bank Asya’s expansion plans have been disrupted by political turmoil stemming from conflict between President Recep Erdogan and the cleric, Fethullah Gulen

First Gulf Bank Sees More Than 10% Profit Growth, Arqaam Says

The Abu Dhabi-based lender sees its loan book to expanding at a “high single-digit” rate in 2015 with revenue rising by more than 10 percent, analyst Jaap Meijer said in an e-mailed note today.

DenizBank is Named the Most Innovative Bank of the Year

Commenting on the occasion, DenizBank President and CEO Mr. Hakan Ateş said, "It is a great honor to be the only bank representing Turkey on a platform featured as the innovation arena of the global banking industry and to be named the "Most Inn

Turkish Bank’s Star Fades Amid Political Spat

Bank Asya Had Led Expansion of Islamic Banking Sector

Bank of Beirut Branches Out To The Wave

The new Bank of Beirut Branch at The Walk an upmarket mall in The Wave, Muscat opened its doors on Wednesday, the 22nd of October.

Standard Chartered to close MidEast branches

The bank has issued three profit warnings and has suffered a 30 percent drop in its share price. It has had to pay $667 million for violating US sanctions on Iran in 2012, and has been affected by a rise in bad debts in China and India.

Gulf Bank Wins 'Bank of the Year' Award

Ahmad Al Duwaisan, Deputy General Manager - Corporate Banking was presented with the award during an awards ceremony in Dubai, which took place at a gala dinner at JW Marriott Marquis, on Monday 10 November 2014.

Ziraat Bank’s New York branch quits retail banking after FED pressure

Turkey's state-run Ziraat Bankası New York branch, which has been subjected to strict US Federal Reserve (Fed) inspections over accusations of illegal money transfers, has told its customers that it is quitting retail banking.

Mashreq’s Corporate & Investment Banking Group wins prestigious Leading Industry Awards

The success story continues with its loan syndications and debt capital markets platform.

Leading private commercial bank honoured with Golden Peacock Award for Sustainability

The Award was presented to the Bank at the 14th London Global Convention on Corporate Governance Sustainability Global Business Meet and Presentation of Golden Peacock Awards at the House of Lords, UK Parliament, Westminster, London, recently.

Mashreq Qatar offers ‘most rewarding’ banking experience

Driven by a customer-centric policy, Mashreq Qatar continues to provide its customers in the country with the “most rewarding” banking experience

Emirates NBD Promotes Healthy Lifestyle With Launch Of ’Livewell’

The incentives offered through this programme are in keeping with the bank’s commitment to offer unparalleled privileges

Doha Bank named ‘Retail Bank of the Year’ at Enterprise Agility Awards

We are committed to helping our customers discover the advantages of these channels in making their lives easier and instantly rewarding

Citi wants be an important part of the UAE’s future economic growth

The Citi Board of Directors held it meetings in Dubai between 20 and 22 October in line with its practice of holding one meeting outside the US every year.

Doha Bank Wins "The Bizz 2014 - Beyond Success" Award

This is the third consecutive year in which Doha Bank has won a BIZZ award

Kuwait Wealth Fund to Sell $5.4 Billion of Company Stakes

Kuwait Investment Authority, the sovereign wealth fund which started as a Bank of England account dedicated to receiving oil money, will sell stakes in three local companies worth 1.56 billion dinars

Kuwait's Burgan Bank says plans 21.6 mln dinar rights issue

Burgan Bank , Kuwait's third-largest lender by assets, will launch a 21.6 million dinars rights issue by the end of 2014 pending regulatory approvals, it said in a bourse filing on Sunday.

BBK launches new product for NRIs

BBK has announced the launch of its new and improved mortgage loan product for the benefit of Non-Resident Indians through its branches in India.

Saudi Credit Bureau banks on sophisticated mechanisms

The value of checks bounced came down to SR3.8 billion in 2012 from a high of SR15 billion in 2009.

Citigroup to continue Egypt operations

Egypt is an important market for Citi which will continue to serve clients of its institutional businesses

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