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

Mohammed bin Rashid meets chairman of HSBC

Sheikh Mohammed said that the bank played key role in promoting business in the UAE and Dubai

BNP, Citigroup among most exposed in Mideast’s biggest default

They are among global banks with the most exposure to about $14b

Egypt's Beltone to sell stake in brokerage Auerbach in 2020

Beltone reported losses of 14.3 million Egyptian pounds ($900,000) in 2017, 82.4 million pounds in 2018 and 66.5 million pounds in the first nine months of 2019.

HSBC voted top trade finance bank in Middle East as digital investment yields results

"As the world's leading trade finance bank, HSBC is investing in digital to transform trade and enhance customer experience," said Sunil Veetil, Head of Global Trade and Receivables Finance for HSBC in the Middle East, North Africa and Turk

Steady expansion in banks' financial position: healthy growth in money supply, thanks to positive nominal GDP outlook: Beltone

Beltone analysts expect Commercial International Bank and Qatar National Bank Al Ahli to enlarge their retail low cost deposits faster than other banks under their coverage as management philosophy shifts to cost of funding optimization.

BNY Mellon ramps up drive to innovate in the Middle East with new office

The principal representative for BNY Mellon’s new ADGM office is Anthony Habis, who is also head of client management, Middle East and Africa and regional head for MEA at BNY Mellon.

Turkey's İş Bank, China's AliPay expand cooperation on payment systems

The new collaboration will further enable member businesses to quickly and safely provide admission services to Chinese consumers while achieving higher shopping volumes.

NBK 2019 CSR initiatives: A Significant Approach to Sustainability

NBK considers sustainability an integral part of our success as a bank.

US investment bank Stifel announces opening of Israel office

The Israel office, Raymond said, will enable Stifel to provide improved service and execution to clients operating in Israel or active in the Israeli market.

Saxo Bank 2020 Outrageous Predictions

With a popular mandate and strong majority in Parliament, Boris Johnson is in stronger position than ever to come back to the negotiating table in Brussels.

Arqaam Shuts South African Office as Brokers Cut Coverage

Macquarie is busy closing down its cash-equities business

Emirates NBD rights issue draws $4.9bn

The net proceeds raised from the rights issue will be used to strengthen Emirates NBD’s capital base and to support future growth of the business.

Credit Suisse Waves Goodbye to Saudi Deal

As global investors show little enthusiasm for the big price tag, there is also no need for quite as many global coordinators.

Bank Hapoalim Announces Third Quarter 2019 Financial Results

Total income from regular financing activity, totaled NIS 2,387 million in the third quarter of 2019

GFH reports 21% drop in Q3 net profit as impairment charges climb

A rise in the cost of financing has also affected its quarterly profitability

Citi Bahrain Celebrates 50th Anniversary In Kingdom

Citi Bahrain obtained its banking license in 1969 and has since been an integral part of the region’s banking community, with Citi Bahrain serving several important markets in the MENA region.

UAE- TBI Receives safest Bank in Iraq 2019' by Global Finance

A pillar for the national economy, TBI has continuously maximized the Government of Iraq's equity share through expanding its business locally and internationally.

Dubai FDI, Standard Chartered Bank collaborate to attract more investments into Dubai

The agreement was signed by Fahad Al Gergawi, CEO of Dubai FDI, and Rola Abu Manneh, CEO of Standard Chartered UAE branch, at Dubai FDI office.

StanChart Banker and Looking for a Job? Try Dubai's Biggest Bank

Standard Chartered is one of about 50 local and foreign banks that operate in the U.A.E.

SoftBank CEO, planning new tech fund, to attend Saudi forum - sources

The visit could provide him an opportunity to meet officials of the Saudi sovereign fund PIF and Abu Dhabi state fund Mubadala, two of the biggest investors in the $100bln SoftBank Vision Fund

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