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

Dukhan Bank announces its 2020 financial results

Net operating profits record QAR 1 billion with a growth rate of 33%

Middle East businesses wanting to enhance their ESG agenda encouraged to sign up to 'Living Business'

The programme, organised by Globally, Get in the Ring and HSBC, aims to improve the sustainability of businesses by helping them deliver a significant ESG enhancement initiative

Qatar economy expected to bounce back to 2.5% growth in 2021, 3.9% in 2022: Lloyds Bank

Current account surplus narrowed to 2.4% of GDP in 2019 from 9.1% a year earlier as global energy prices fell.

Oman said to agree $2.2bn loan with large group of banks

It was the first Gulf government to tap the international bond markets this year, raising $3.25 billion in three-part bonds in January, taking advantage of positive market conditions to replenish state coffers battered by the coronavirus crisis.

Qatar Central Bank announces Bank Holiday on March 7

The said Decision stipulates that the first Sunday of March each year shall be an official holiday for all banks operating in the State of Qatar.

Saudi lender Arab National Bank announces $160mln dividend

Two other Saudi firms, Baazeem Trading and Al-Andalus Property, decide to distribute payout

Oman agrees $2.2 billion loan with large group of banks - sources

To make up the shortfall, the government aims to raise about 1.6 billion rials through borrowing and draw 600 million rials from its reserves.

Saudi retail giants boost online footprint with Vogacloset deal

The pandemic has encouraged Saudi retail groups to rapidly ramp up their e-commerce investments in response to the boom in online shopping

Finastra reveals corporate bank priorities for 2025

To thrive, these organizations must change their business models, adopting new infrastructures that support the journey towards digital, end-to-end, platform-driven corporate banking.

Commercial Bank successfully issues $500mn PNC5 AT1

Commercial Bank's $500mn PNC5 AT1 is the largest size issuance for an AT1 out of Qatar

Saudi National Bank, the Kingdom’s new national champion in banking

The combination of the two Saudi banks is the latest in a wave of Gulf banking mergers

Banque Saudi Fransi board recommends $127.9mln dividend

More than one billion shares will be eligible for the compensation at $0.11 per share

Qatar- Commercial Bank wins two major Euromoney awards

Commercial Bank GCEO Joseph Abraham said, 'Commercial Bank is committed to digital innovation to enhance the experience of our customers and these awards reflect the strength of our best-in-class digital products and services.

Banking on green investment to drive climate action

In light of the Abu Dhabi Global Market’s recent forecast that sustainable investment will aid economic recovery in 2021

COVID-19 impact: Qatari banks to see high provisioning costs in 2021

Combined net profit of Qatari banks declined 12% to $5.6bln in 2020

Arab Bank named the Middle East’s Best Trade Finance Provider 2021

This global recognition is a testament to Arab Bank’s solid performance and long success record driven by its institutional vision and constant efforts towards adopting the latest technologies in the banking industry

Shareholders approve new mega-bank - Saudi National Bank to launch on April 1

Entity created from NCB and Samba Financial Group merger will have 30% market share

Abu Dhabi bank inks deal to acquire mortgages worth $300m

Abu Dhabi Commercial Bank to acquire a portfolio of about 1,000 mortgages from Abu Dhabi Finance

Akbank Seeks Cheaper Foreign Borrowing in Test for Turkish Banks

The lender paid 35 basis points more on dollar and euro facilities when it raised a loan of around $800 million in October.

Turkish banks’ net profits reach $594M in January

Loans, the biggest sub-category of assets, were around TL 3.6 trillion ($487.5 billion), posting a 32% rise year-on-year.

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