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

Saudi private sector credit continues uptrend

The banking sector profits jumped 7.4 per cent in December as against the losses witnessed in previous two months.

Central Bank of Egypt pilots e-KYC solution for financial inclusion

The project enables customers to open bank accounts electronically

Commercial Bank posts 21% year-on-year jump in net profit to QR2.02bn

The increase in margins is mainly due to lower cost of funds as we dynamically managed our liability book in a falling interest rate environment through a change in liability book mix.

ADIB provides AED 320 million financing for healthcare facility in London and Edinburgh

The London property comprises one of the most established private healthcare facilities in the UK capital and is operated by an international healthcare group.

I2C brings Apple Pay to Najm cardholders in Middle East

The implementation of the program with Najm and Apple Pay took 90 days to bring to market using i2c’s highly configurable and flexible technology platform.

M&A: Who’s thinking about the customer?

After all, this is far from an altruistic matter: if you keep your customers happy, they’re likely to stay; if you frustrate them, your competitors are just next door.

UPDATE 1-Saudi lender NCB reports 18.8% rise in 2019 net profit

The profit was above the 10.3 billion riyals average net profit forecast of analysts polled by Refintiv.

FAB partners with Alipay to help UAE merchants unlock more business opportunities

The partnership helps merchants connect with the growing number of Chinese residents and visitors

NBK won 'Best Customer Service Bank', 'Best Social Responsibility Program' Excellence Awards

The event was been held at Jaber Al-Ahmad Cultural Center (JACC) under the patronage of His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.

UAE’s biggest bank records Dh12.5b profit

First Abu Dhabi Bank board recommends Dh8.08b in cash dividend

KFH 2019 net profit up 10.4pc to $824m

“These strong results confirm KFH`s ability to adapt to conditions and challenges that the regional and global markets witnessed in 2019."

ADCB posts Dh5.2b earnings for 2019

Eissa Mohamed Al Suwaidi, chairman, ADCB, said 2019 was a transformational year for the ADCB Group.

Emirates NBD Announces Full Year 2019 Results

Emirates NBD is honoured to be named 'Bank of the Year – UAE 2019' for the fourth time by The Banker.

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

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