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

Citi advises Averda on extension of $181m term loan in Dubai

Nine international and regional banks, including HSBC, Standard Chartered, and Bank ABC Islamic participated in the transaction

FAB shares surge with Abu Dhabi index after index rebalancing

Abu Dhabi Securities Exchange general index closes 2.67 per cent higher at 5,130.75

Open Account In 5 Minutes: BisB

BisB CEO, Hassan Jarrar, in a YouTube broadcast, said that a new system is in place with which any new customer can open an account in less than “6 minutes”.

8 Kuwaiti banks list in 49 strongest banks in Arabian Gulf

These eight banks are National Bank of Kuwait...

Saudi Arabia: EXIM Bank Will Be Launched Within Months

Saudi exports increased 40 percent in 2018 compared to 2017, while the growth rate reached 13 percent in the first half of 2019 compared to the same period of 2018

KFH continues "Your "KFH" visa card, the key to your house in Europe" campaign

3 Winners to get financial funds to purchase a property in any European country

EG Bank logs profit in H1

Egyptian Gulf Bank reported a 6% year-on-year profit growth during the first half of 2019.

Qatar banks’ overseas private deposits post double-digit jump in July

Public sector deposits saw about 13% year-on-year decline to QR266.89bn

Commercial Bank signs pact to provide services to AZF

We are blessed with this partnership that Commercial Bank will provide all banking needs not only to the employees but also to all Aspire Zone visitors.

Barwa Bank’s campaign draw winners picked

By the end of the campaign period, one winner will take home the grand prize of 1mn loyalty points.

National Bank of Bahrain still weighing up Bahrain Islamic offer

Ongoing talks between the two parties 'may or may not' result in a deal

Retail Banking Market Dynamics: UAE 2018

The Retail Banking Market Dynamics: UAE 2018 Market report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure.

Al Baraka Bank Egypt's net profit grew 31% in the first half of 2019

The total balance sheet of the bank at the end of June 2019 amounted to 66.8 billion Egyptian pounds, a growth of about 15% over the same period of the previous year.

From 7.9% to 6%: UAE banks get kind of generous on mortgages

Rate cuts offered by some banks on existing loans — but only for one-year terms

Profits of 157 Kuwaiti listed firms grow 6% in Q2 2019

The banking sector led the quarterly top gainers

Robust private sector credit offtake boosts Qatar bank assets

The higher growth in credit to the private sector shows the resiliency in the overall economy especially outside the hydrocarbons, even amidst the economic blockade, market sources said.

ENBD, DIFC certify 5 startups in API Sandbox program

This even paves the way for inclusion of government partnerships with banks and FinTechs.

PIFSS approves merger of KFH and Bahrain Ahli Bank

Sources noted that the Wafra International Investment Company participated in the evaluation and study process, and stipulated in its approval to open the books of both banks and start the process.

Bahrain Islamic Bank six-month profit down 5.56 pct

Total income rose 10.34 per cent to 22.566 million dinars but this was hit by a 13.04 per cent increase in total expenses to 13.341 million dinars.

BBK to launch e-remittance on MaxWallet

The bank said yesterday that the service will allow all BBK customers to make cross-border payments to bank accounts, mobile wallets and cash-out locations .