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

Doha Bank shareholders approve India assets buy

Qatar-based Doha Bank today said it has obtained shareholders' approval for acquiring the Indian operations of HSBC Bank Oman.

FGB launches best-in-class credit card loyalty platform in the UAE

FGB , one of the leading banks in the UAE, has launched a new flexible and comprehensive loyalty platform for its credit card holders.

Raymond Audi Receives Banker of the Year Award From London's Arab Bankers Association

The event was attended by over 250 senior financial professionals from the Arab banking and financial industry in London, Europe and the Middle East.

HSBC to refund UAE, Bahrain, Oman customers for excessive fees

The step was taken after an internal review of the bank's terms and conditions for those products, a spokeswoman for the bank said without elaborating.

Finance: Egypt's small borrowers have big potential

A new law permitting non-bank for-profit lending institutions may unleash a revolution in microfinance by allowing more actors and innovators to get involved.

NBK awarded by VISA

National Bank of Kuwait has been awarded by VISA for its “Outstanding performance in the Middle East and North Africa (MENA) in 2014”. Ahmed Al Khader, NBK’s Deputy Head, Consumer Banking Group, received the award from Paul McCrea

Standard Chartered in Guinness record bid

The event will take place on November 27, at the Standard Chartered Towers, Emaar Square in Downtown Dubai, UAE, and will be managed and attended by the bank’s employees including senior officials.

Gulf Finance sees greater growth potential in lending to smaller SMEs

Gulf Finance Corporation (Gulf Finance), an independent commercial lender to small and medium enterprise (SMEs) in the UAE and Saudi Arabia sees huge growth opportunities in financing smaller SMEs and micro business, said David Hunt, chief executive offic

Yes Bank begins international expansion through UAE

Bank to open DIFC branch next year and go for an AD

IFC to acquire strategic equity stake in Bank Alfalah

The transaction is expected to close after obtaining final regulatory approvals before the end of the year.

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.

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