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

Gulf Bank management welcomes newest Al-Danah Millionaire

The next annual Al-Danah draw will be held on 14 January 2021, and the last chance to deposit into an Al-Danah account and participate in the annual draw will be 30 September 2020.

Doha Bank launches loyalty programme

The programme is offered through a partnership with the region's largest loyalty solutions provider, the Entertainer business.

Ooredoo and National Bank of Oman Pay+ Mobile Wallet is changing the way people pay

Developed together with the National Bank of Oman, the fast, and secure e-wallet enables customers to make a wide range of transactions from a single app on their smartphone including payments, deposits, transfers, or withdrawals

Higher impairment charges hit UAE banks Emirates NBD and ADCB

Banks in the United Arab Emirates are bracing for more writedowns from the real sector amid a downturn, especially in the Dubai property market

Qatar commercial banks’ assets jump 9% in 2019

The credit activities under non-banking financial institutions witnessed a more than 7% year-on-year decline to QR11.52bn during the review period.

FAB confirms acquisition talks with Bank Audi-Egypt

Bank says no certainty so far that talks will result in deal

Egyptian FRA approves CIB’s capital hike

The capital hike aims to release the shares distributed as part of the bank's employee incentive program in its eleventh year

Bank ABC Named Best Trade Finance Provider in Bahrain by Global Finance Magazine

Global Finance has recognised the best trade finance banks in around 50 countries, including the Middle East region.

Alizz-OAB merger to provide customers with better services

This widespread geographical presence expanding from one end of the country to the other will prove to be an excellent complimentary factor that would lay the perfect platform for the creation of a strong Bank and provide our customers with services acros

Dubai Islamic Bank completes the acquisition of Noor Bank

The transaction was completed through a share swap after receiving all the necessary approvals from regulatory authorities

Qatar- Banks' assets and liabilities jump to QR1,549.6bn

Investments abroad have remained stable for the past two years, with limited changes, reaching QR59bn in December 2019.

NBK reports 2019 net profit of KD 401.3

The Bank remains firmlycommitted to New Kuwait 2035 and is taking confident steps towards supporting its delivery.

KFH on the acquisition of Ahli United Bank

Ordinary and Extraordinary General Assembly Meetings And Public Press Conference

Alizz Islamic Bank approves share swap for proposed merger with OAB

The successful completion of the proposed merger would provide Oman Arab Bank with a larger Islamic franchise and asset base, allowing the bank to improve its interest income and deposit-gathering ability.

Dubai's DAE signs $300m loan deal with Chinese bank

Dubai Aerospace Enterprise says loan will support the future financing needs of the business

Azizi Developments Partners With Dubai Islamic Bank

Through Azizi’s agreement with DIB, those interested in investing in property can now avail customised finance solutions that are tailored exclusively for Mina.

Egypt- SAIB launches new brand identity

It is noteworthy that the development of the bank's brand has become necessary to reflect the new strategy adopted by the bank.

Customer deposits to total liabilities ratio of 8 listed Qatari banks grows in nine months of 2019: PwC

The total liabilities as on September 30, 2019 stood at QR1.38tn.

Ahlibank announces Tawfeeq Travel as its newest Credit Card Pearl Rewards Programme partner

Tawfeeq Travels will also offer a dedicated 24-hour service center for Ahlibank customers

QIB named ‘Best Islamic Bank in Qatar’ by EMEA Finance

The Middle East Banking Awards celebrates the achievements of banking institutions that have reported record profits, demonstrated the highest standards of services, developed innovative products, and achieved overall excellence in the banking industry.

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