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

Oman Arab Bank conducts induction course for new Omani staff at head office, branches

The induction was conducted at the bank’s head office in Ghubra and included two primary segments.

Barwa Bank, International Bank of Qatar ink merger agreement

The merger will combine the strength and presence of the two banks in retail and private banking sector.

Saudi trims gains; banks send Qatar 3.8 pct higher

Saudi market, which has added nearly 11 percent in the year-to-date

Bank Sohar closes $250m loan facility

The facility was raised as part of the bank’s comprehensive asset growth strategy

BLME first-half net profit jumps nearly 5 times

The balance sheet remained stable at around £1.1b

Israel’s Bank Leumi Eyes Growth as U.S Tax Probe Rankles Rivals

Leumi settled its investigation by paying a $400 million fine in December 2014—an amount that will likely pale in comparison to the penalties Israel’s two other large lenders will end up paying.

Kuwait- CBK's Al-Hashel among top 10 bank governors for '18 - report

"Our scorecards for this public finance leader's show who is maintaining control and moving forward, and who is struggling against slippery political or economic changes," Giarraputo quoted as saying.

Other UAE banks attract attention as Emirates NBD extends falls

Shares Emirates NBD, which has a weightage of more than 7% on the index, have shed 15% in the past eight sessions

SMEs can flourish with sound financial advice: National Bank of Fujairah

The ease of doing business and competitiveness are two of the leading characteristics that set the UAE apart from other markets

Bank ABC posts $113m H1 net profit

Ratio of non-performing loans to gross loans was at 3.9% compared to 2017 year-end levels of 3.5%, and normalises to 3.0%, when legacy fully provided loans are adjusted for.

Emirates Investment Bank Q2 net profit surges 33%

The bank’s net profit for the first half (H1) of 2018 was up 5.6%

Doha Bank wins ‘Most Outstanding Business Bank 2018’ in Qatar award

This year has been rewarding for us as our efforts continue to be recognised by top institutions.

GIB on track to become local bank in Saudi

On the date of establishment of a subsidiary, following all necessary regulatory approvals, current GIB branches (Dhahran, Riyadh and Jeddah) would become branches of GIB KSA.

NBK – Egypt H1 net profit surges 36pc

While customer loans and advances reached EGP38.39 billion as of end 1H2018, growing at 13.20 per cent year-on-year, compared to EGP33.91 billion for the end of December 2017.

Turkish banks extend project finance loans to foreign lenders

Garanti Bank sold $250 million worth of loans to Chinese and American banks and Halkbank is also in talks to sell loans.

Warba Bank Realizes Profit in the First Half of 2018

Bringing about Breakthrough in Islamic banking industry, Warba's Financing Solutions Meet Business Environment Ambitions

Israel's Mizrahi, Union Bank to appeal anti-trust ruling on merger

The Bank of Israel, the country’s banking regulator, has been a longstanding supporter of the proposed deal.

NBF eyes higher profitability with improving business conditions

Efficient management of liquidity and effective pricing bolster margins and return on capital for the lender

Merger may boost new bank's market share

“The merger will certainly boost the credit market share of the two banks,” he said. “Also, the banks would have a wider integrated network. A lot will depend on the efficiency of operations after the merger.”

AUB wins ‘Most Innovative Strategic Domestic Treasury in Kuwait 2018’ award

This award further cements our continued innovation in delivering Treasury solutions for our customers.

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