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

Abu Dhabi’s CPI slips 0.8% in 8 months

The CPI reached 111.1% for the January-August period of 2019

ABK sponsors central bank’s International Banking Conference – Shaping the Future’

Finance and banking sector facing unprecedented disruption today: Al-Sumait

al khaliji first among banks to move headquarters to Lusail

The vision for Lusail city was first conceptualised in 2005 and is today one of Qatar’s largest undertakings.

Kuwait Finance House to buy Bahrain’s AUB in $8.8b deal

Kuwaiti lender offers 1 share for every 2.325581 shares of Ahli United Bank

Dynamic currency conversion option on Emirates NBD ATMs

Visitors to the UAE will now have the option of choosing to carry out dynamic currency conversion of their cash withdrawals when using their Visa card at any Emirates NBD ATM across the country.

Doha Bank CEO honoured with excellence award

He said steps must be taken to ensure that remuneration is established through an explicit governance process, and should be considered good practice to give a significant role to non-executive independent board members in the process.

Qatar- Commercial Bank enters into partnership with WCPI

Partnership grants Commercial Bank exclusive right to market in Qatar WCPI's ‘Leasing and Finance Programme'

Kuwait Finance offers to buy Ahli United in $8.8bn deal

The combined entity will potentially become the Gulf’s sixth-biggest lender with $100bn in assets

Burgan Bank Revamps Its Al Thuraya Salary Account to Now Provide a New Range of Options and Features

Burgan Bank recently announced the revamp of its Al Thuraya Salary account which provides customers with new valuable and beneficial offerings and a monthly cash draw.

Altico misses interest payment, underlining stress in realty market

The default by Altico Capital follows a rating downgrade and the resignation of its chairperson Naina Lal Kidwai earlier this month

Kuwait Finance House plans $8.8bn deal for Bahraini bank

Kuwaiti lender has offered to buy Bahrain's Ahli United Bank in an all-share deal

NBK receives 3 awards from Global Finance at GFM Awards in Dubai

Bank wins ‘Most Innovative Digital Bank’ award for real time payment tracker

Kuwait's Warba Bank hires banks for dollar sukuk

BNP Paribas, Emirates NBD Capital, and Standard Chartered were hired as joint global coordinators

NBK Sponsors the International Banking Conference: "Shaping the Future"

The prestigious event will welcome an audience of top- key policymakers, senior banking industry executives, banking experts and FinTech entrepreneurs from across the globe.

Network stake sale boots ENBD’s capitalisation

Deal increased the bank’s profitability to buffer for Denizbank acquisition

Turkey puts last touches on its own rating firm in snub of Big 3

“Banks, private institutions and many foreign institutions – provided that there’s no conflict of interest and that independence isn’t harmed – may be partners” to the firm, Akben was quoted as saying by Anadolu on June

Gulf International Bank Wins Eight Awards at the 2019 Global Finance Magazine Awards

GIB’s shariah compliant digital retail bank, meem, scooped six awards and its Global Transaction Banking business won two others

Commercial Bank enters into partnership with WCPI

The agreement enables Commercial Bank to pioneer the distribution of the LF Program in Qatar, allowing the Bank therefore to provide yet again unique banking products and services into the Qatari market.

UAE banks' 3-month deposits hit $145bn in July

The interest rates charged by the Emirates Inter-Bank Offered Rate spiked across all terms of late, with the three-month rate up to 230 basis points, the six-month deposit to 234 basis points and one-year term to 249 points.

Commercial Bank to issue bonds worth up to $700m: CEO

Since the interests rates are going down, so we will see when we can issue it,” Abraham told The Peninsula in an exclusive interview recently.

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