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

Huge rise in Commercial Bank contactless card taps

We are one of the largest issuers in this market.

Commercial Bank and Qatar University award creative competition winners

Qatar University students were requested to come up with an idea of how to use the allocated space at the Commercial Bank branch at Qatar University Metro Station, name their project, and pitch in their ideas.

Infibeam eyes lion’s share of e-commerce payments in Oman; to process transactions for its biggest bank

Digital payments and e-commerce technology platform company Infibeam Avenues, which had forayed into Oman last month partnering with its Bank Dhofar to process online payments for its customers, is aggressively tapping into the market further.

RT Bank chairwoman awarded prestigious award in UAE for business acumen

RT Bank started its operations in July 2001 as a locally owned, independent bank primarily servicing the Kurdistan Region.

NBK provides the Visa Infinite Credit Card to Privilege Banking Customers

Al-Nusif: NBK Credit Cards give our customers a unique lifestyle and meet all their needs

UnionPay Partners with Abu Dhabi Islamic Bank to Enable Contactless Payment on 15,000 Terminals throughout UAE

The payment services available include UnionPay contactless payment through UnionPay chip cards and Mobile QuickPass payment interfaces such as Apple Pay, Huawei Pay.

Commercial Bank of Dubai partners with Quwat Al Barq Businessmen Services to promote eDirham Cards

The eDirham card is part of a cashless payment platform that empowers users to make payments for a wide range of services across Ministries

UAE banks' profits deteriorate; bad loans likely to go up

Challenging economic conditions result in higher non-performing loans for Q3

ADIB provides AED 91 million financing for UAE-based client to acquire UK Business Park

The financing will be used to acquire a AED 141 million (£29.1 million) business park on the UK's south coast, which will provide the client with a cash on cash return of 8%

QDB concludes 1st virtual edition of Qatar Entrepreneurship Conference

This year, and in co-ordination with relevant institutions, we were able to present a distinguished edition of the Conference that received great feedback from all participants.

Top UAE banks face ‘sizeable’ surge in NPLs

The total interest income of these banks continued to decline for the third consecutive quarter

Qatar- Banks record impressive growth in assets

Qatar Islamic Bank's (QIB) total assets stood at QR170bn the end of third quarter of this year, registering year-on-year growth of 9.8 percent compared to September 2019, helped by continued growth in the financing and investment activities.

Global debt on track to exceed $277trln in 2020 - IIF

Debt in the Emerging Markets (EM) rose from 222% of GDP in Q4 2019 to over 248% of GDP in Q3 2020

Kuwait International Bank hires banks for dollar sukuk - document

KIB hired Citi, Standard Chartered, Boubyan Bank, Emirates NBD Capital, First Abu Dhabi Bank, Kamco Invest and KFH Capital

Oman talks to banks about new loan of at least $1 billion

Rated below investment grade, Oman issued $2 billion in bonds last month

Bank Hapoalim Announces Third Quarter 2020 Financial Results

The bank continues to implement various cost efficiency measures

KFH introduces digital account opening solution – Baitek

Customers can enter the application and complete transactions

Qatar banks post strong growth in deposits: QCB

The commercial banks’ domestic personal deposits expanded more than 12% with those of non-Qatari individuals soaring 21% to QR44.91bn and those of Qataris by 10% to QR168.28bn in September 2020.

Turkey may need to deliver smaller rate hike: Morgan Stanley

Most forecasters surveyed by Bloomberg – including economists at Barclays Plc, Goldman Sachs Group Inc and UniCredit SpA – predict an increase of 475 basis points in the benchmark to 15%.

Qatar National Bank closes syndication of $3.5 billion loan

The loan included a $2 billion three-year tranche and a $1.5 billion five-year tranche and will be used for general corporate purposes.

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