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

UAE is number one overseas territory for Bank of Baroda

Present in UAE since 1974, Bank of Baroda is the only Indian bank to offer full fledged banking services through six branches, eight EBSUs and 32 ATMs.

Emirates NBD opens Beijing office ‎

The opening ceremony was attended by senior government officials from China and the UAE, business leaders, industry decision-makers and media.

Bank of Baroda opens fourth branch in Oman

Outlets planned in Nizwa and Duqum

Saudi- Bank Aljazira wins top award

Bank Aljazira has confirmed its position among the leading banks not only in Saudi Arabia but in the Middle East as well.

Arab Bank CEO Plans Return to Libya as Uprising Forces Exit

Arab Bank, Jordan’s largest lender, is seeking to regain access to its Al Wahda bank unit in Libya after last year’s uprising forced it to exit the country.

NBAD opens 30th branch in Egypt

The new NBAD office is located in Al Kawthar area, the main banking district in Hurghada, the leading city on the Red Sea coast and a popular touristic and investment destination.

Saudi Arabia: Introducing mortgages

The new law was approved in early July but is not due to come into effect for another few months while the Saudi Arabian Monetary Authority (SAMA) – the Kingdom’s central bank – finalises its regulations covering mortgage financing.

Palestine Bank Comes To Dubai

BoP will launch its Dubai office in 2013 to serve 200,000 Palestinians.

Banking Studies Institute issues its report on GCC banks

Report included an analysis of data of 52 main conventional banks and 20 Islamic Shariah-compliant banking institutions in the GCC countries

Tough time for foreign banks in Kuwait

Banking sources said that the majority of foreign banks in Kuwait have had little success since the first HSBC branch bank opened in 2005.

EIB’s consumer finance offers  new promotion

The special offers have been devised to facilitate new entrants to the UAE or new-to-Job employees to meet their financial commitments and settle into the new environment.

Al Watany profit up 20pc at $26.59m

Total assets reached EP17.4 billion, up 5.5 per cent year-on-year. ROA increased to 1.86 per cent compared with 1.70 per cent at the end of June 2011, and ROE increased to 20.1 per cent from 17.36 per cent.

Omani investor takes 25 pct in Bulgaria Investbank

The bank’s success can be attributed to a new strategy it implemented last year based on five pillars, Finansbank General Manager Temel Güzeloğlu said in an announcement following the results release.

Dubai's bank offers finance to people new to the UAE

Emirates Islamic Bank (EIB), the Islamic banking arm of Emirates NBD Group, a leading financial services organisation in the region, announced today, the launch of a banking package for new entrants to the UAE.

BNP to seek initial bids for Egyptian retail arm sale: sources

The lender operates nearly 70 branches in the North African country where political unrest last year toppled the regime of former president Hosni Mubarak.

Barclays supports and facilitates special education at the Dubai Autism Center

Barclays is committed to investing in the communities in which it operates.

Lowest Saudi bad loans since 2009 default

Banks lending at the fastest pace in more than three years

Standard Chartered Gets Antitrust Nod to Buy Agricole Unit

Standard Chartered was allowed to buy the whole of Credit Agricole Yatirim Bankasi Turk AS from its Montrouge, France- based parent, the Ankara-based regulator said on its website today.

SHUAA Capital Reports Q2 2012 Financial Results

SHUAA Capital has reported results for the second quarter and first half 2012.

Commercial Bank of Kuwait Q2 net profit drops 5.4 pct ‎

"The bank continues a prudent policy towards building up a strong provision base and consolidating its balance sheet. Further progress is noted on the bank's review of processes for efficiencies and preparation to benefit from any growth opportu

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