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

Saxo Bank surpasses 1mln clients

This milestone comes shortly after the recent news that its client assets globally have crossed the USD 100 billion mark

Mbank, in collaboration with Khalifa Fund, launches corporate banking platform

All businesses can open a fully digital business bank account in six simple steps

Emirates NBD completes 60 years since establishment as the first national bank in the UAE

Bank unveils special 60th anniversary logo and ‘60 years together’ theme

United Arab Bank Collaborates with Kyndryl to Transform its Data Assets

The bank is continuously investing in digital and analytics capabilities to offer better financial solutions and drive excellent customer experience.

UAE lenders increase support to Turkish banks: Bloomberg

One of the reasons that may account for the UAE's increasing support to Turkish banks is the improving regional and geopolitical environment.

Mastercard and Bankiom to launch virtual prepaid cards across the GCC

With the partnership, Mastercard aims to drive digitalisation in the payments landscape throughout the Gulf Cooperation Council (GCC) region.

Commercial Bank of Dubai raises $500 million in inaugural green bond issuance

Orders peak at $1.5 billion, showcasing strong confidence in CBD’s financial performance

Kuwait’s banking sector projects a resilient future outlook, ensuring stability and growth

The large concentrations of loans granted to individual borrowers and to some business sectors

Burgan Bank closes $800mln unsecured term loan facility

The syndication, originally launched at $300mln in February 2023, was oversubscribed threefold, with commitments totaling $920mln

Oman Arab Bank recognized by Ministry Of Social Development for inclusive and diverse policies

This achievement reflects OAB's human resources policies, which prioritize inclusivity and forward-thinking practices

Commercial Bank International’s board greenlights up to $242.23mln capital raise

The capital hike is still subject to the approvals of the Central Bank of the UAE as well as the Securities and Commodities Authority

Bank of China to start operations in Riyadh this year, says official

The development comes on the heels of the 10th Arab-China Business Conference that concluded in Riyadh on Monday.

Al Ahli Bank of Kuwait closes a 37-month $600mln Asian syndicated term loan facility

This inaugural transaction will register ABK with the largest facility, by volume, from a Kuwaiti borrower targeting the Asian market to date

QIB becomes the first Qatari bank to adopt equator principles

Through its ESG based risk management framework, the EPs support sustainable development efforts worldwide.

Dukhan Bank announces June winners of its Thara’a savings account prize

Cash prizes were also awarded

UAE bank investments hit all-time-high of $149bn

UAE bank investments are at an all-time high says CBUAE

Saudi: Bank Albilad provides final payment real estate financing

The Bank has emphasized the continuation of its efforts to offer innovative solutions and qualitative real estate financing programs aimed at providing housing options which perfectly suit the Saudi family’s needs

Dubai bank in green bond debut

The spread on CBD's bonds was set at 140 basis points over US Treasuries, tightened from initial guidance of 175 bps HSBC (0005) and Standard Chartered are joint global coordinators on the debt sale.

Ithmaar Bank Reports Q1 2023 Results

Total assets stood at BD2.08 billion as at 31 March 2023, 10% lower than BD2.31 bn as at 31 December 2022.

Goldman Sachs latest bank to expand in Gulf as balance of power shifts

Economic trends are incentivizing multinational banks and financial services firms to expand their operations in the Gulf region.

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