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

Qatar First Bank acquires '“Huntsman International' HQ in Texas

Waterway Plaza I is an immaculate and truly stunning Class A+ building located in the Woodlands, the most desirable suburban area of Houston.

Dubai’s largest bank positive about UAE equity markets in 2021

The UAE markets are at attractive valuations with the Dubai index at 12.3X and the Abu Dhabi Index at 14.7X forward earnings

Brand value of world’s top banks drops for 2nd year in row

In this year’s report, covering the period during the coronavirus pandemic, the total value was down 4 percent to $1.27 trillion.

GIB main partner of Saudi International golf tournament

The Saudi International is the third professional golf tournament to be held in Saudi Arabia, which reflects an effort to further establish this international game in the Saudi sports environment.

Al Rajhi Bank posts 4% profit rise to $2.82bn in 2020

The fourth-quarter net profit jumped 35 percent YoY to SR 3.121 billion.

RAKBANK reports net profit of AED 505.4 million for 2020

Bank's Full-Year 2020 Net Profit decreased by AED 589.9 million

Bank Nizwa’s wholesale banking records remarkable growth in 2020

“Bank Nizwa’s growing, multi-industry portfolio under its wholesale banking group is a testament of the trust our clients place in our services.

NCB plans name change to 'Saudi National Bank' after conclusion of intended merger with Samba

Proposed name reflects the creation of a National Banking Champion for Saudi Arabia through the merger of two of the country's leading banks

QNB among top 40 global banks by market cap

QNB was also recognised as the most valuable banking brand in the Middle East and Africa, increasing its brand value to more than $6bn in The Banker’s Brand Finance Global 500 2020 report.

QNB breaks into Top 50 in ranking of world’s most valuable banks

QNB breaking into the top 50 of Brand Finance’s ranking of the most valuable banking brands and recording an uplift in brand value is a particularly impressive feat given the turmoil that the sector is currently experiencing.

JoPACC launches platform to facilitate safe and secure payments

Qatar’s booming deals market aids recovery of retail businesses

Most recently, Talabat has also entered the deals market in the country with the launch of its talabat Dine (tDine) membership platform, which provides deals such as a daily buy one get one free, dine-in discounts and benefits at over 130 restaurants in Q

ADCB delivers 'resilient' performance despite testing times

Bank reported a 4% year-on-year drop in the fourth quarter net income but says long-term fundamentals remain strong

National Bank of Fujairah PJSC (NBF) Reports Year End 2020 Results

Strong capital position and ample liquidity coupled with effective cost management and prudent provisioning place the bank well for a rapid recovery

Bank Muscat ties up with AXA Insurance to offer high-quality SME insurance

The new products will offer comprehensive covers that are tailor-made for each business according to their business activity and size.

10 UAE Banks feature in ranking of world's top 500 most valuable

Brand value of world's largest banks contracts for second year running

NBK and Ooredoo Ink a MoU to Collectively Provide Digital Services and Solutions

The MoU was signed by Mr. Salah Al-Fulaij, CEO of National Bank of Kuwait - Kuwait, and Mr. Abdulaziz Al-Babtain, CEO of Ooredoo - Kuwait.

Top UAE banks’ profits drop amid pandemic

The bank said in a statement that total income increased four percent to $6.3 billion from $6.1 billion last year “as the positive contribution from DenizBank helped offset a decline in net interest margin due to lower interest rates”.

Qatar's Commercial Bank plans to raise at least $1 bln via bond sales - CEO

Qatar, a wealthy Gulf state and a top exporter of liquefied natural gas, has based its 2021 budget on an average oil price of $40 per barrel, a conservative assumption which means revenues could be higher than forecast.

Bank Muscat board proposes 35 per cent dividend for 2020

Shareholders would receive a cash dividend of OMR0.025 per ordinary share aggregating to OMR81.238 million on the Bank’s existing share capital.

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