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

KFH-Bahrain wins WIBC Award

The annual WIBC Awards recognise individuals and institutions that have made significant contributions to the Islamic banking and finance industry.

Bahrain's Ibdar Bank eyes larger deals after three-way merger

The Islamic lender now has $300 million of paid up capital, $329 million in equity and assets of $360 million, which it hopes can help it win deals in its focus areas of capital markets, private equity and real estate.

HSBC ‘Best Domestic Cash Management Bank’ in Oman

HSBC Bank Oman has bagged Euromoney’s ‘Best Domestic Cash Management Bank’ in Oman award for the second year running.

Arab Bank Wins Major Recognition

Arab Bank was awarded the title of "Regional Bank of the Year" for 2013 from Arabian Business during a ceremony held at the JW Marriott Marquis in Dubai.

Ahlibank Wins Bank of the Year Award

The award, which was conferred in recognition of the Bank’s outstanding achievements over the past year, was presented to CB Ganesh, Dy CEO and Murtadha al Lawati

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.

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