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

Abu Dhabi banks offer loan and financial relief amid virus outbreak

Abu Dhabi's stimulus package includes offering refinancing, loan repayment deferrals or lower repayments where required.

Mashreq launches banking benefits package for UAE customers to ease financial impact of COVID-19 outbreak

Stimulus package available to existing and new customers from April 1 to June 30

KFH-Bahrain defers payment of installments without charges for six months

To all Bahraini and resident clients with no exception to ease their financial burden

RAKBank to support coronavirus affected customers

The bank offers a range of relief meausres to customers amid Covid-19 pandemic

NBB implements initiatives designed to support its individual customers

Following the directives of the wise leadership

Ithmaar Bank announces revised branch and office timings

The Bank, which was already following all MOH recommended sanitation protocols, has also started limiting the number of customers present in a branch at any given time and providing appropriate waiting arrangements to ensure customers are seated at least

BBK to distribute $135m cash dividends for 2019

The BBK general assembly also approved the minutes of the ordinary general assembly meeting held last year in June.

Non-resident deposits in commercial banks post faster expansion: QCB

Non-resident deposits have been increasing especially from February 2019 when it stood at QR170.59bn, after which it was constantly on the increase for the next four months.

Ajman Bank offers set of initiatives to support UAE’s Economy

The initiatives also included exempting all customers who applied for new financing products "auto finance, personal finance, or home finance" from fees by 50% in addition to withdrawing from ATMs and credit cards.

OAB launches first-of-its-kind Innovation Lab in Oman

The Innovation Lab will host a myriad of opportunities by providing access to one-to-one mentoring, specialised workshops, and industry experts for local students, OAB staff and local, regional, and international Fintech companies.

Bank of Bahrain and Kuwait launches bulk deposit machines

The bank has started to issue the cards to enable clients to use the corporate deposit machines

KFH implements remote working solutions to ensure employee health and safety

Microsoft Teams will accelerate collaboration amongst KFH's workforce to continue serving customers

Israel's Hapoalim will pay $870 million to end U.S. tax probe

The settlement would be a deferred prosecution agreement, the bank said. Its subsidiary in Switzerland will sign a plea agreement with the DOJ relating to its business with its American customers.

QIB calls on customers to use online platforms for all banking transactions

QIB is strongly advising corporate and retail customers to prioritize the use of QIB’s online platforms to carry out all their banking needs.

National Bank of Egypt, Banque Misr keep interest rate of 3-year saving certificates unchanged

In statements to MENA, chairman of Banque Misr Mohamed el Etreby said the bank has decided to keep the interest rate on three-year saving certificates unchanged at 12 percent.

First Abu Dhabi Bank suspends some services amid coronavirus outbreak

A number of services will no longer be available at bank branches

Ithmaar Bank encourages customers to bank online, help contain the Coronavirus (COVID-19) virus

The Bank is already following Central Bank of Bahrain directives that were issued on 05 March 2020

Doha Bank receives ‘Best Partner Bank’ award from QDB

Doha Bank said it recognised this opportunity, and is a pioneer in appreciating the importance of the “very critical role” being played by SMEs in the development of Qatar’s economy.

Standard Chartered UAE allows staff to work from home

All they need to do is get their line managers' approval; the bank employs 1,700 in UAE

Ahli Bank inaugurates new branch at Mall of Muscat

The opening of the Mall of Muscat branch reflects the bank's strategy to strengthen its on-ground presence and services outreach across the Sultanate, while also offering a wide array of banking services so that customers can conveniently combine ban

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