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

Bank of Sharjah announces financial results

For the period ended 31 March 2021

Bank ABC and FAB arrange a US$250,000,000 2-year Syndicated Term Loan Facility for BankDhofar

A total of 9 banks (excluding the Joint Coordinators) from the GCC, Europe and Asia participated in the Facility

NBB signs sponsorship partnership with BIBF

The agreement will see a floor named after NBB, in addition to the Student Lounge, at the BIBF's new state-of-the-art building, expected to be inaugurated later this year, to serve the training needs of the financial sector in the Kingdom of Bahrain

Bahrain’s GFH is on the ball in buyout plan for Khaleeji Commercial Bank

GFH will benefit from having full control of Khaleeji Commercial, especially on treasury s

How the UAE's largest banks bounced back during Q1

Profitability metrics of the top ten UAE banks increase, as impairment and operating expenses decline

Forbes ranks QIB among Top 100 Companies in Middle East

The ranking was revealed in Forbes Middle East’s June 2021 issue, featuring Bassel Gamal, QIB’s Group CEO.

This UAE bank proves its digital mettle in the pandemic

At National Bank of Fujairah, the transition to digital is now accelerating

Burgan Bank holds its 55th Annual General Assembly meeting

Shareholders approve distribution of 5 fils cash dividend and 5% stock dividend

QDB launches third edition of Rowad Awards 2021

SMEs wishing to participate must complete their applications before the registration closes on July 6, 2021

Bank of Sharjah accumulated losses at Dh182m by end 2020 on Lebanon exposure

But its subsidiary Emirates Lebanon Bank had to take higher provisions

Commercial Bank offers to acquire additional percentage of issued capital of NBO

In recognition of its innovative digital services in the regional market, Commercial Bank was awarded The Banker’s award for "Innovation in Digital Banking" in the Middle East for 2020.

Emirates Development Bank, Commercial Bank of Dubai sign MoU on credit guarantee, co-lending program

For SMEs in the UAE

Doha Bank wins two Global Good Governance Awards for 2021

Doha Bank is a pioneer in Qatar for annual Sustainability and Corporate Governance reports, and has been publishing these disclosures for more than a decade.

Qatar's Commercial Bank to up stake in National Bank of Oman to 50.1%

The deal will boost Commercial Bank's stake in the Omani lender to over 50%, keeping it as the biggest shareholder ahead of the government of Oman's 26.18% stake

Mashreq Bank partners with Emirates Skywards to announce new Salaam rewards benefit powered by Points International

Mashreq customers can now convert Salaam reward points into Skywards Miles

Mastercard unveils new carbon calculator tool for banks

Results from Mastercard’s most recent research released on Earth Day last month, highlighted strong consumer demand for payment solutions that address sustainability.

QIIB honours long-serving employees

QIIB’s appreciation for the great efforts made by the honoured employees during their service in the bank’s various divisions and departments

Kuwait International Bank to sell its total exposure to NMC

The bank announced it will sell its exposure, aggregating to $74.11mln, for $13.25mln

The international banker 2021 Middle East Africa awards winners

In compliance with new banking laws, Egyptian lenders have now started to increase their capital levels.

NBK signs a partnership agreement with Rafa Nadal Academy Kuwait

The leading sports institution specialized in tennis and fitness

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