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

Standard Chartered first British bank to open Iraq branch

Branch in Baghdad will allow Standard Chartered to offer full client banking in Iraq

Bank Muscat Committed to World Class Banking Experience

Bank Muscat has been closely associated with the progressive march of the nation.

Emirates NBD Enhances Presence in Asia Pacific with Inauguration of Representative Office in Jakarta

New Representative office to help Emirates NBD tap potential opportunities in syndications and corporate financing in Indonesia

National Bank of Abu Dhabi named Best Investor Relations in UAE

This award is an indication that investors appreciate the significant progress NBAD has made from an investor relations perspective.

Barwa Bank net income up 60% in third quarter 2013

Barwa Bank has earned a net income of QR442mn for the nine-month period up to September, up 60% on QR279mn in the same period last year.

UGB Announces Nine Months net Profit

Net loss attributable to the shareholders of the parent for the quarter stood at US$ 7.4 million compared to a loss of $ 11.5 million in 3Q12

BMI shareholders approve Salam bank merger

Bahraini retail and commercial lender BMI Bank said it has won approval from the shareholders for its merger with the kingdom's leading Al Salam Bank Bahrain (

Burgan Bank Group announces first nine months earnings

Operating income surged to KD 187.3 million registering 35% growth

Mikati: Lebanon Banks Still Enjoying Growth

Lebanon’s banking sector still enjoys a level of economic growth despite difficulties spurred by regional crises

Abu Dhabi Islamic Bank Egypt Announces its Third Quarter Financial Results

ADIB posted remarkable net profit of EGP 34.9 million for Q3 and EGP 68.8million for first nine months of 2013

Standard Chartered likely to dispose of retail banking business in Lebanon

Sources familiar with the matter were quoted by media reports as saying that the bidding process for the sale of the lender's retail banking business is likely to start by the end of 2013.

Ajman Bank third quarter net profit drops by 45.6%

Result hit by higher impairment charges and a drop in investment income

First Gulf Bank completes acquisition of Dubai First

This, the bank said in a statement, is in line with FGB’s expansion strategy of developing existing businesses and offering more value to an expanding UAE customer base.

Wells Fargo Celebrates 15 Years of Service in Turkey

Through its local office in Istanbul, Wells Fargo provides trade, payments, deposits, credit, and other financial solutions to financial institution customers across the region.

Doha Bank extends Asia reach with Hong Kong office

The representative office was declared open by Miss Au King-chi, Permanent Secretary for Financial Services and the Treasury (Financial Services), Hong Kong.

UAE banks likely to get 5-year grace period over GRE loans

The rules were suspended after some banks said they could not meet a September 30 deadline to comply with the new caps.

NBAD Eyes Emerging Markets For Growth – CEO

National Bank of Abu Dhabi expects revenue to grow 7-8 per cent in 2013 and plans to expand in cities from east China to west Africa.

Emirates NBD sees double digit growth for its retail banking business

Retail banking revenues in the UAE are growing at about 8 to 10 per cent this year

HSBC Bank Oman Q3 2013 net profit increases by 20.6%

HSBC Bank Oman introduced HSBC Secure Key during the first half of 2013 to provide greater online protection for customers.

BMI Bank posts USD 2.34 million net profit for the first nine months of 2013

Profit represents an increase of 141 % over the same period in 2012 Maintains an excellent capital adequacy ratio at over 17 %

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