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

NBB launches personal loan drive

Interested clients can find additional information about the campaign and the next branch on the Bank’s social media channels and website.

Banking sector to see upward trajectory in H2

Many banks are structuring their businesses in new and exciting ways

Egypt looking to raise over $1bln loan, taps UAE banks - sources

The financing plan comes as Egypt's economy suffers from the impact of the coronavirus outbreak

QIB's outstanding banking services known by The Asian Banker with significant awards

The Excellence in Retail Financial Services program commends outstanding institutions in retail economic services that show a long-term sustainable franchize leading to a consistent and profitable performance.

Dubai Economy, CBD offer banking services for traders

Business owners will also have the opportunity to earn up to 100% of their trade licence fees back based on the average daily balance maintained in their accounts.

QNB Group and Mastercard undertake first successful international payment transaction in Sudan

The first successful international prepaid card transaction was performed on 14 June 2020

National Bank of Oman Named among Forbes’ Top 100 Companies in the Middle East

"Although these are unprecedented and challenging times, we are confident of our path, as with fortitude and resoluteness , we continue to drive the country’s banking sector.”

Oman Arab Bank finalises agreement to acquire Alizz Bank

The two Muscat-based lenders are set to proceed with a deal to create an institution with a combined asset base of over 3.2bn rials

KPMG: Saudi banks continue to be hyper-vigilant on credit underwriting, focus on asset protection

The Saudi banking sector has reported an average increase of 93.3% in expected credit losses (ECL) for the three months period, and significant declines in marked to market valuations since December 2019.

Doha Bank CEO underscores role of digitalisation during pandemic

Seetharaman also stressed that there is a need to “work on your revenue model, embrace the knowledge economy, and invest in the future.”

International Banker 2020 Middle East & Africa Awards Winners

Moody’s recently affirmed the ratings and assessments of 11 banks in Saudi Arabia.

Burgan Bank enhances customer experience with electronic virtual assistant "Banki"

Investing in emerging technologies and first-of-its-kind solutions that are transforming the banking sector

Commercial Bank of Dubai allows foreign ownership of its shares

Foreigners will be allowed to hold up to 40% of CBD stock from June 14 as it looks to widen liquidity pool

Turkish banks' short-term funding fix poses risks in COVID-19 aftermath

$80 bln in short-term FX debt maturing - Hermes analyst

Kuwait banks yet to decide on distribution of cash dividends for 2020

The lenders were reacting to a directive from the Kuwait Banking Association on Wednesday to not distribute dividends this year to preserve cash

Resilience keeps Qatar banks on track for growth

The bank’s aggregated loans and advances reached QR1.16 trillion, growing 23.7 percent considering the three-year period to Q1 2017.

Jordan Kuwait Bank Adapts to New Normal With Citrix

Financial institution to extend use of remote work solutions across 1,300 employees to maintain operations

Seven Bahraini firms among top 100 companies in Middle East

Saudi Arabia dominates the list with 33 companies

BankDhofar shareholders ratify OMR1 million CSR donation for COVID-19

The meeting brought to the attention of shareholders the cash dividend distributed to the shareholders on March 25, 2020

First Abu Dhabi Bank issues 'green bond' in Hong Kong dollars

UAE mega-bank has been working on its green credentials over last three years

Retail Banking