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

National Bank of Oman Q4 profit jumps 48pc

The lender made a net profit of OR10.2m ($26.5m) in the final three months of 2012

Bank Audi’s subsidiary opens in Turkey

Its ultimate goal is to play in the giants’ league in 2017, it said in a statement.

Jordan Kuwait Bank recognized as Best Bank in Jordan for 2012

The awards were created to recognize companies that stand out in certain areas of expertise in the financial and banking sectors.

NBAD moves up ranking in Hawkamah Index

The National Bank of Abu Dhabi (NBAD), has improved its ranking moving up three places to third position in the S&P Hawkamah ESG Pan Arab Index, reflecting NBAD's strong environmental, social and corporate governance practices and its continued r

Bahrain lender sells Ahli Bank stake to Qatar Foundation

Qatar Foundation, a non-profit organisation wholly-owned by the Qatar royal family and which focuses on developing the Gulf Arab state's education and science sectors, will now become Ahli Bank's largest shareholder, followed by the Qatar Invest

Results: UAB Clocks In 32% Profit Rise

UAE-based bank to add 10 new branches in 2013; move headquarters to Sharjah, says CEO.

Kuwaiti banks made relatively good results in 9 months

The signs of improvement are seen in the growth of the local bank.

Doha Bank wins Excellence Award for Best Corporate CSR Programme

Doha Bank is one of only two winners in Qatar

Gulf Finance plans to triple SMEs lending

Gulf Finance focuses entirely on the needs of SMEs in the power, oil and gas, healthcare, manufacturing and logistics sector.

Doha Bank Extends Footprint in Abu Dhabi

Doha Bank as part of its expansion plans has opened a regional branch in Abu Dhabi

Emirates NBD frontrunner to buy BNP Paribas' Egypt arm-sources

Emirates NBD ENBD.DU, Dubai's largest bank, has emerged as the frontrunner to buy BNP Paribas' (BNPP.PA) Egyptian retail business, three sources familiar with the matter said, in a deal likely to raise $400-500 million for the French lender.

Al Hilal Bank named Middle East's 'Best Regional Retail Bank'

This marks the third consecutive year that Al Hilal Bank has been recognized by the Islamic Business & Finance Awards for excellence in regional retail banking.

Doha Bank opens in Abu Dhabi

The opening was marked with a gala event held at the Emirates Palace Hotel in Abu Dhabi.

Union Bank of India to expand its overseas presence; to open offshore unit in Dubai

Apart from Dubai, the bank also plans to set up a subsidiary in London and one branch each in Sydney and in Antwerp in the next year.

Burgan wins approval to acquire Turkish bank

Burgan Bank will get access to the booming Turkish banking market

Moody’s Downgrades Three Dubai Banks

The international agency has cut ratings for three lenders in the emirate, and put a fourth on review.

Citigroup says plans sale of Turkish retail banking business

Citigroup said earlier it was cutting 11,000 jobs worldwide

Hapoalim in talks to buy Discount Bank New York

Bank Hapoalim has received a preliminary permit from the US Supervision Authority for State Banks to acquire Discount Bank of New York.

BBK launches Al Wajaha banking service

Al Wajaha customers will have access to dedicated relationship managers and the luxurious Majlis Al Wajaha, a comfortable and private in-branch service area exclusively dedicated to them.

HSBC Bank Oman seeking buyers for five OIB branches

The decision to sell the five branches pre-dated HSBC's recent merger with OIB

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