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

Qatar's banking sector embraces innovation, technology for promising future

The banking sector is leading a transformative journey.

Egyptian Banks Report Net Profits of EGP 426.9 Billion in 2024

During the first nine months of 2024, the top 10 banks contributed 79.73% of these profits, generating EGP 340.411 billion.

GCC debt capital market reaches $1tn in November: Fitch Ratings

Qatar is among developed debt capital markets, Fitch noted in a report

Saudi banks report 24pc profit growth

This growth followed SAMA's decision to implement a 50-basis-point interest rate cut in September, which mirrored the US Federal Reserve's shift toward a more accommodative monetary policy.

NBK introduces ‘AFAQ’ - GCC’s unified payment system on mobile banking

To enhance customer banking experience by providing top-notch innovative digital services

‏EdfaPay obtaines the technical license as a soft-POS technology provider from SAMA

To provide advanced and secure for business and freelancers

Gulf Bank’s year of distinction with 13 global and regional awards in 2024

This year, Gulf Bank was recognized among the *Top 100 Listed Companies in the Region* by Forbes

Egypt parliament approves $2bn loan from regional banks

Finance Minister Ahmed Kouchouk addressed lawmakers, stating that the government is repaying previous loans in larger installments than agreed.

Kuwait’s Burgan Bank to take over United Gulf in 2025

The bank has received clearance from the Kuwaiti central bank to buy a 100 percent stake in United Gulf Bank, KIPCO Group said in a regulatory filing on Boursa Kuwait on Thursday.

Al Salam Bank announces platinum sponsorship of CPISP

Together, we look forward to continuing the success of this program and creating a meaningful impact for future generations.

NBK advises customers to ensure updating civil ID and personal documents through official websites

Within its continuing efforts to promote the “Let’s Be Aware” banking awareness campaign

Qatar Central Bank cuts interest rates by 30 basis points

In a post on its official account on the X platform, the QCB explained that in accordance with the decision of the Monetary Policy Committee regarding monetary policy tools

Saudi Red Sea International secures $104mln financing from Riyad Bank

Shariah-compliant financing is meant to support construction of a staff camp

QNB Group launches special campaign for QNB First Members on Qatar National Day

They can view offers through QNB Explorer Mobile application and enjoy these benefits.

Qatar Central Bank launches new Real-Time Gross Settlement System

This system is characterized by providing immediate settlement of transactions between banks

Saudi Social Development Bank and SNB to launch financing portfolio for entrepreneurs

The newly launched portfolio will also provide individuals with entrepreneurial knowledge.

Emirates NBD powers digital asset custody in the UAE through investment in Zodia Custody

Bank invests in Zodia Custody through its Innovation Fund

Apple Pay Launches in Egypt with Three Partner Banks

This development is expected to simplify digital transactions for millions of users in the country.

Arab National Bank leverages AIOps solutions to enhance customer experiences

Troubleshooting used to be a time-consuming process but now we’re far more productive.

Bank Nizwa earns dual recognition for empowering women employees at WOMANi Awards 2024

The award is a testament to its efforts in creating opportunities for women across all organizational levels

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