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

Bank AlJazira profits up 162% in 2019

The growth in profits was attributed to the increase in profits mainly to a decrease in Zakat charges

RAKBank 2019 net profit at Dh1.09b

Total assets grew 8.4 per cent year-on-year with loans higher by 4.1 per cent

Apple in Talks With Banks to Bring Apple Pay to Israel

This is between a quarter and a third of the credit card issuer's revenue from the transaction (bank or credit card company), which should only be paid for the right to pass through ‌Apple Pay‌.

Mashreq reports slight improvement in full-year 2019 net income

The lender is pivoting to digital banking to cut costs and improve efficiencies

QNB Continues to Top Banking Brands in MEA with Its Brand Value Reaching US $6.028bln

QNB Group's brand continued to be market dominant in the MEA and affirmed its AAA- brand strength rating with a positive outlook, making it also the highest rated brand in Qatar.

Bank Muscat board proposes 40% dividend for 2019

Besides, they will also receive bonus shares in the proportion of 1 share for every 20 ordinary shares aggregating to 154,739,168 shares of OMR0.100 each amounting to OMR15.474 million.

Arab Bank Group reports a 3.2 per cent increase in 2019 net profits

In view of the solid results, the board of directors recommended the distribution of 30 per cent cash dividends to the shareholders for the 2019 financial year, making a total dividend pay-out of over $ 270 million.

National Bank of Fujairah underscores focus on Emiratisation

Emiratisation has always been at the center of our award-winning HR strategy and we are committed to cultivating the right type of talent to help drive their banking careers forward.

Saudi private sector credit continues uptrend

The banking sector profits jumped 7.4 per cent in December as against the losses witnessed in previous two months.

Central Bank of Egypt pilots e-KYC solution for financial inclusion

The project enables customers to open bank accounts electronically

Commercial Bank posts 21% year-on-year jump in net profit to QR2.02bn

The increase in margins is mainly due to lower cost of funds as we dynamically managed our liability book in a falling interest rate environment through a change in liability book mix.

ADIB provides AED 320 million financing for healthcare facility in London and Edinburgh

The London property comprises one of the most established private healthcare facilities in the UK capital and is operated by an international healthcare group.

I2C brings Apple Pay to Najm cardholders in Middle East

The implementation of the program with Najm and Apple Pay took 90 days to bring to market using i2c’s highly configurable and flexible technology platform.

M&A: Who’s thinking about the customer?

After all, this is far from an altruistic matter: if you keep your customers happy, they’re likely to stay; if you frustrate them, your competitors are just next door.

UPDATE 1-Saudi lender NCB reports 18.8% rise in 2019 net profit

The profit was above the 10.3 billion riyals average net profit forecast of analysts polled by Refintiv.

FAB partners with Alipay to help UAE merchants unlock more business opportunities

The partnership helps merchants connect with the growing number of Chinese residents and visitors

NBK won 'Best Customer Service Bank', 'Best Social Responsibility Program' Excellence Awards

The event was been held at Jaber Al-Ahmad Cultural Center (JACC) under the patronage of His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.

UAE’s biggest bank records Dh12.5b profit

First Abu Dhabi Bank board recommends Dh8.08b in cash dividend

KFH 2019 net profit up 10.4pc to $824m

“These strong results confirm KFH`s ability to adapt to conditions and challenges that the regional and global markets witnessed in 2019."

ADCB posts Dh5.2b earnings for 2019

Eissa Mohamed Al Suwaidi, chairman, ADCB, said 2019 was a transformational year for the ADCB Group.

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