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

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

GCC mobile phone market remains sluggish as consumers stay cautious

The firm's latest Quarterly Global Mobile Phone Tracker reveals that smartphone shipments declined 0.9% to 4.16 million units, while feature phone shipments increased 4.1% to total 0.8 million units

Natwest, Santander to sell more shares in Saudi British Bank -document

The two banks in September had handled a 1.5% stake sale by Natwest and Banco Santander in September

Gulf banks take lead role in companies’ bailouts

Stimulus packages have come from monetary policy channelled through commercial banks

Saudi banks’ outlook hurt by difficult operating environment

Fitch revises outlook for 11 Saudi banks to negative

Emirates NBD unveils next-generation global corporate banking platform, ‘businessONLINE’

Clients can undertake cross-border transactions seamlessly, access a consolidated view of their balances across regions and currencies, and make the most of tailor-made advice for their business needs.

Bank ABC's 4th MEA Fintech Forum highlights the trust of Financial Services Leaders in Digital as the recovery path for future banking

Held under the patronage of the Central Bank of Bahrain and hosted by Bank ABC, the Forum brought together Financial regulators, regional baking CEOs and heads of challenger banks who were joined by leading international experts and over 2000 delegates on

Ithmaar Bank stresses digital brand protection

Ithmaar Bank is committed to becoming the Islamic retail bank of choice

Moody’s reconfirms long-term deposit rating of QIB at ‘A1’ with a ‘stable’ outlook

QIB has reported strong profitability which has been broadly stable in the 1.4%-1.7% return on tangible assets, supported by the strong growth of the bank, which itself reflects the increasing penetration of Sharia compliant assets in Qatar.

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

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