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

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

Tandem Bank 'Rraises £60M'

Challenger acquires green lender following reported backing from investors including Qatar Investment Authority

NBI upgrades its digital capabilities with Backbase’s banking platform

The project consisted of 4 separate tracks that went live in a year and, the implementation partner is Bring Global.

Bahrain Islamic Bank installs self-service kiosks

The kiosks are aimed to reduce queuing times across branches

ADCB's new platform aims to help businesses expand worldwide

It will provide members with market information on more than 180 countries

Emirates NBD holds its 13th General Assembly Meeting

Approves cash dividend of 40 per cent

Emirates NBD approves cash dividend of 40%

Emirates NBD is looking forward to showcasing its many innovations in smart technology and digital banking during 2020

ADCB launches digital platform to help UAE businesses

The digital platform offers market insight and companies can seek advice on financial products that would suit their needs

Bahrain: NBK-Bahrain reports net profits of BHD 93.5 million (KD 74.9 million) for 2017, up 27% y-o-y

The Bank’s strong results affirm the success of NBK Group’s regional expansion strategy that is built on a culture of prudence and strict risk management practices.”

Ahli United Bank introduces lending product for SMEs

The bank is expecting that the service will help its partners towards greater growth

Saudi banks’ net foreign assets down 51% in January

The value of foreign liabilities owed by Saudi banks rose by 68.8% to SAR 183.67 billion in January, compared to SAR 108.8 billion in the corresponding month in 2019.

Robust economic growth to support Kuwaiti banks, says Moody's

Lending to single borrowers and volatile real-estate sector pose substantial risks

Dubai Islamic Bank shareholders approve Noor Bank acquisition

The deal comes after a wave of mergers in the UAE’s banking sector on the back of tougher competition and regulation, coupled with a slowing economy and a slide in house prices.

Path Solutions, Kuwait-based company launches its digital banking suite

The digital revolution is impacting every part of our lives; banking is becoming a competitive battlefield where only the most efficient, adaptive, and inventive survives.

Dubai bank Emirates NBD to reduce tariffs following UAE central bank initiative

Late last month, the UAE central bank urged banks to reschedule loans and reduce fees

Abu Dhabi-based banks report Dhs40.3bn net income in 2019

Last year Abu Dhabi Commercial Bank officially merged with Union National Bank and the combined entity acquired Al Hilal Bank

Abu Dhabi's FAB launches new payment service for merchants

Merchants can connect to the platform through a single API-driven integration

Retail Banking