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

QNB Al Ahli’s consolidated profits exceed $147.2mln in Q1-24

The recorded net profits were higher year-on-year (YoY) than EGP 4.71 billion, including minority interest, according to the financial results

Ro’ya Talent Program ends, marking milestone for Burgan Bank’s leadership development

Bank cements its commitment to development of human capital

Capital Bank renews partnership with Elia Nuqul Foundation and grants scholarships to 9 students

The provided scholarships will cover tuition fees in addition to providing a monthly allowance

UAE's 15% remittance fee hike: Will more residents switch to digital when sending money?

From May, remittances from physical branches of UAE currency houses will cost 15% more

NBK organizes “Safe Ramadan” campaign in collaboration with Kuwait Fire Force

The campaign targeted limiting the fire incidents during Ramadan

Commercial Bank International leads investment round in generative AI fintech zypl.ai

The investment includes a post-seed bridge round investment into zypl.ai, alongside a group of global investors, ahead of the company’s planned Series A raise which is due to take place later in 2024

Banks line up array of offers this Ramadan

The benefits that come with this campaign include personal, car, and real estate financing.

First Abu Dhabi Bank and Microsoft team ion AI innovation hub

The new AI Innovation Hub will focus on innovation, sustainability, and customer experience.

Ethraa by BankDhofar: Challenging the norms and setting a new benchmark in customer service

The system builds upon a framework of customer engagement through effective communication and enhanced employee awareness on the agreed service values

Gulf Bank expands "Ayadi" service to branches and Interactive Teller Machines (ITMs) for Eid Al-Fitr celebrations

The "Ayadi" service is now available at most of Gulf Bank branches, totaling over 50 in number

HSBC Bahrain voted market leader for trade finance in Euromoney poll

The rankings represent the views of thousands of business customers on their preference for trade finance in the region

Egyptian Banks Raise Personal Loan Interest to 32.5%

The two banks require a minimum salary of 1,000 pounds for government sector employees, and 2,000 pounds for private sector employees.

Banque du Caire reports record profits of EGP 6.7bn in 2023

Net income from returns climbed to EGP 17.8bn at the year’s end, up from EGP 12.8bn in 2022

Banque du Caire reports record profits of EGP 6.7bn in 2023

These gains contributed to operational revenues of EGP 22.2bn, a 41% increase from EGP 15.8bn.

Bank ABC Egypt successfully completes integration with BLOM Bank Egypt

The combined Bank is poised for growth, innovation and to introduce a new kind of banking.

Dukhan Bank’s agm approves 16% cash dividend for shareholders, equivalent to QAR 0.16 per share

The Bank recorded a historic annual net profit of QAR 1.3 billion in 2023

NBK ranks among the top-rated GCC financial institutions for climate actions by CDP

The only bank in Kuwait to receive this rating

Saudi Arabia banking sector witnessed robust growth in 2023: A&M report

The institutes analyzed by in A&M included Saudi National Bank, Al-Rajhi Bank, and Riyad Bank, as well as Saudi British Bank, Banque Saudi Fransi, Arab National Bank, and Alinma Bank.

Standard Chartered Bank aims to boost Saudi-China economic ties with strategic expansion

Standard Chartered’s banking presence in the region is relatively new, as it commenced operations in Saudi Arabia in 2022.

NBK warns customers against unexpected offers promising quick and high profits

Seeking to promote the “Let’s Be Aware” banking awareness campaign

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