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

Commercial Bank receives customer service award

Adding this new award to Commercial Bank’s recent accolades and success stories, the Bank continues to delight customers and the whole country with creative ways of banking.

Emirates Development Bank and FAB partner on credit guarantee, co-lending program for SMEs in UAE

Under the agreement, FAB will offer up to Dh100 million financing to SMEs

Kuwait's Ahli United Bank rings Nasdaq Dubai bell to celebrate listing of US$ 600 million Sukuk

The successful listing of AUB's Sukuk underlines the close ties between the capital markets in Kuwait and the UAE

Emirates Development Bank gets into debt finance to fund more UAE businesses

The proceeds would go toward supporting companies in sectors considered a priority for the economy.

Bank M&A set to surge in Saudi Arabia

The $15 billion merger that created Saudi National Bank is tipped to kick-start a cycle of consolidation in the Kingdom’s banking sector.

NBB Group announces deployment of the first Virtual Cyber Fusion Centre in the region

Through the deployment, the Group enabled itself with cyber threat intelligence feeds to all its assets using Cyware Threat Intelligence eXchange

Doha Bank wins 'Best Commercial Bank in Qatar' at World Business Outlook Awards 2021

Doha Bank’s net profit during the first quarter of 2021 reached QR380m, showing an increase of 17.3 percent when compared to the same period in 2020.

Fitch revises Saudi National Bank's outlook on lender's resilience and improving environment

Strong financing growth will continue to support the bank's metrics in 2021, the rating agency says

Banque du Caire reports EGP 1bn in net profit in Q1 2021

Bank continues positive business results supported by ambitious plans, strategies it was keen to implement for over 3 years, says Tarek Fayed

Emirates Development Bank signs agreement with Peer-to-Peer Platform

Bank allocates Dh30 million financing through Beehive for SMEs

Abu Dhabi Commercial Bank shareholder sells $300m stake

The deal represents 2.4 percent of the bank’s market value, according to Asharq.

QNB named ‘Best Sub-custodian Bank in Qatar’

On the other hand, the Bank was keen to embrace good corporate governance and best practices, contributing to high investment returns and enhanced long-term sustainable growth opportunities in the regional markets where it operates.

3,000 bankers in Lebanon have lost their jobs since 2019 crisis

“The sector is dead. It doesn’t lend, it doesn’t make profits,”

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

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