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

Egyptian lender CIB boosts provisions after central bank review

CIB has prepared a correction plan based on the central bank's remarks and has implemented parts of it already, current chairman Sherif Samy said

QNB receives awards for digital service excelle

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services.

MetLife and RAKBANK form strategic partnership

The partnership offers a versatile and highly competitive life insurance solution for the Bank's customers with the highest non-medical underwriting limit of USD 1.25 million, exceptional maturity value, and an intuitive digital-first sales and servi

GCC banks 'to face pressure on loan quality, profitability in 2021'

Profitability will weaken as provisioning needs rise and yields fall.

First Abu Dhabi Bank Collaborates With Visa On B2B Virtual Cards

The rollout unveiled a central travel account offering that was created to make it simpler for firms to supervise their travel payments in one place.

Israel’s Bank Hapoalim sees huge opportunities for UAE - Israel banking cooperation

Agreements with UAE institutions cover areas such as, fintech, innovation and ecosystems

Bank ABC wins 2020 Gartner Eye on Innovation Award

"This award distinguishes us from our peers in the EMEA region, and it also showcases what is possible when leveraging Bahrain’s solid fintech infrastructure and ecosystem,"

World’s Best Digital Banks 2020: Middle East

Middle East regional winners of Global Finance’s Best Digital Bank awards are ramping up the shift to digital banking.

Moody’s affirms QIIB rating at A2 with stable outlook

The bank also launched several card products that facilitates the banking transactions of individuals and companies such as salary cards, household workers’ cards and corporate cash deposit cards.

QNB begins QLM e-IPO subscription services

Customers who have previously registered for the service, or completed an IPO subscription in the past through QNB’s e-channels, will not have to register again.

RAKBANK Chooses Anomali Threat Intelligence Product Suite to Detect Threats Across its Banking Infrastructure

Anomali Match, An Enterprise Threat Detection Engine, Played Key Role in Bank’s Decision

Provisioning grows faster than credit in Qatar banks in Oct: QCB

The provisioning towards domestic coverage expanded 10.84% to QR25.16bn and those toward foreign coverage by 59.11% to QR6.81bn in the review period.

Bank Muscat and Newgen Software Win Award for the Best Lending Implementation in the Middle East

The bank improved their loan processing time by 42% with Newgen's retail lending solution

Commercial Bank signs agreement with ECGC

The aim is to encourage healthy participation in sport and develop a community of women golfers in Qatar.

Emirates Payment Services launches payment and credit app Empay in Dubai

UAE residents can download the free super app from the Google Play Store or iOS App Store and register in just two minutes, and obtain a Mastercard powered digital card through the app.

The Banker’s Bank of the Year Awards 2020

The difficult operating environment makes this year’s winners in The Banker’s Bank of the Year Awards even more deserving of the Bracken trophy.

Saudi Arabia: Real Estate Loans to Individuals Reach 73% in 10 Months

The programs launched by the government during the pandemic did not stop there.

QIB recognised as ‘Bank of The Year: Qatar’ for second time

In 2020, QIB introduced new banking approaches in the Qatari market and implemented successful business continuity plans while having the safety of the employees and customers as its top priority

Commercial Bank of Dubai Recognized with Best Commercial Bank and Best Digital Transformation Awards by MEA Finance

The MEA Finance Awards honors banking and financial institutions from across the Middle East and Africa region for their excellence in creating robust financial systems through innovation and digital transformation as well as advancing the overall industr

Lebanon's Blom Bank enters new talks to sell Egypt business to ABC Bahrain

Announcement comes a month after Dubai's Emirates NBD said it was carrying out due diligence on a possible acquisition of the Egyptian operations of Blom Bank

Retail Banking