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

Bank Muscat launches new $28.5mln Al Mazyona 2020 scheme

Bank Muscat has lined up the largest number of high-value prizes in the country with 6,677 winners all set to be rewarded for their savings habit in 2020

HSBC’s Saudi Arabia affiliate seeks to boost corporate lending

Saudi British Bank, which is 29 per cent owned by HSBC, completed the acquisition of Alawwal Bank last year to create the kingdom’s third-largest lender

First Abu Dhabi Bank expects to finish due-diligence on Bank Audi's Egypt business by Q2

United Arab Emirates’largest lender First Abu Dhabi Bank is in talks to potentially acquire the Egyptian subsidiary of Lebanon’s Bank Audi.

The Oldest Private Bank In UAE Taps Blockchain To Enhance Client Security

Aside from being the first UAE bank to install ATMs and the first to issue debit and credit cards, the large bank will lead in blockchain adoption in the region, as well.

UAE banks lay off 930 employees, close 49 branches

The Central Bank of the UAE says that it is monitoring the downsizing situation in the financial sector.

NBK Offers Largest NFC-capable POS Network in Kuwait

95% of NBK's Network to be NFC-enabled in 2020 for a better payment experience

RAKBank offers free account transfers to any bank in the Philippines

RAKMoneyTransfer services will enable customers to make instant money transfer

ENBD wins ‘Best SME Bank of the Year’ at IFM Awards

Emirates NBD has created several initiatives as part of its commitment to further growth in the UAE SME sector.

Ithmaar Bank reports stable, consistent growth

The announcement, by Ithmaar Bank Chairman His Royal Highness Prince Amr Al Faisal, follows the review and approval of the Board of Directors of the Bank's consolidated financial results.

Banque du Caire posts 60% rise in net profit in 2019

The bank’s assets grew by 10% year-on-year

Commercial Bank of Kuwait incurred loss in Q4

Total assets grew by 9.1%

Abu Dhabi Islamic Bank to cut jobs as it seeks to save $136m

The UAE economy is coming under pressure from regional geopolitical tensions and weak domestic demand, while business conditions worsened for the first time in over a decade.

Standard Chartered commits USD75bn towards Sustainable Development Goals

Bank also commits to net zero carbon emissions from its operations by 2030

Doha Bank’s exceptional feats honoured at NABS awards

“Indeed, Doha Bank has been one of the primary providers of trade finance services in the local, Middle East, and international markets for more than 40 years.

Commercial Bank Financial Services launches 'margin trading' product

CBFS’s launch of margin trading facility marks a new achievement for the bank and its brokerage subsidiary, and further enriches our wealth management product offering.

BBK Reports Q4, FY19 Profit

Notable progress was made in implementing digital innovation in line with the Kingdom of Bahrain’s adoption of FinTech based technological advancements.

GIB inaugurates its new operations centre in Al Khobar

Currently, digitisation in banks is a necessity and most banks are adopting digital technologies in a competitive banking environment to improve banking efficiency, attract and retain new customers, improve analytics, launch innovative services

Emirates NBD named UAE's most valuable banking brand at $4.1bn

Dubai banks moves up eight paces to 68th globally in The Banker's annual brand valuation league table

BisB inks partnership deal with Bahrain Polytechnic

The programme has been carefully curated by both parties with the aim of prioritising students’ real experience in the financial world across multiple departments, said the statement from BisB.

Burgan Bank: Highlighting the Board of Directors commitment to maintain governance best practices

Mr. Majed Al-Ajeel "Increase in Number of Members of the Board During the Extraordinary General Meeting "

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