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

Central Bank of Oman issues treasury bills worth $90.9m

The tranche worth 20 million rials had a maturity of 28 days, and per 100 rials the average and minimum accepted price reached 99.665 rials.

National Bank of Egypt reports over 14mln withdrawals worth $1.14bln through ATMs in 14 days

The National Bank of Egypt also provided mobile ATMs in some coastal cities, including the North Coast, Alexandria, Ras Sidr, Matrouh, Mousa Coast, and Ain Sokhna

UAE banks' funding to commercial, industrial sectors up 5.6pc

The central bank said by the end of April, the Abu Dhabi banks had provided AED365.6 billion in credit to these sectors, banks in Dubai AED351.3 billion, and those in the other emirates AED102 billion.

National Bank of Bahrain wins top award from JP Morgan

Since 1997, JP Morgan has been presenting awards in recognition of outstanding efforts in best Straight-Through Processing.

Ras Al Khaimah Digital Assets Oasis welcomes RAKBANK as its first banking partner

RAK Digital Assets Oasis signs Memorandum of Understanding with RAKBANK in Game-Changing Collaboration to Usher in New Era of Web3 Innovation and Success

Oman's GDP growth rate to slip this year on OPEC+ cuts

However, non-oil sector is set to see a spurt, led by tourism

KIB successfully completes its capital increase, oversubscribed by 687%

The Bank's financial results for the fiscal year 2022 showcased a solid financial performance

Saxo Bank surpasses 1mln clients

This milestone comes shortly after the recent news that its client assets globally have crossed the USD 100 billion mark

Mbank, in collaboration with Khalifa Fund, launches corporate banking platform

All businesses can open a fully digital business bank account in six simple steps

Emirates NBD completes 60 years since establishment as the first national bank in the UAE

Bank unveils special 60th anniversary logo and ‘60 years together’ theme

United Arab Bank Collaborates with Kyndryl to Transform its Data Assets

The bank is continuously investing in digital and analytics capabilities to offer better financial solutions and drive excellent customer experience.

UAE lenders increase support to Turkish banks: Bloomberg

One of the reasons that may account for the UAE's increasing support to Turkish banks is the improving regional and geopolitical environment.

Mastercard and Bankiom to launch virtual prepaid cards across the GCC

With the partnership, Mastercard aims to drive digitalisation in the payments landscape throughout the Gulf Cooperation Council (GCC) region.

Commercial Bank of Dubai raises $500 million in inaugural green bond issuance

Orders peak at $1.5 billion, showcasing strong confidence in CBD’s financial performance

Kuwait’s banking sector projects a resilient future outlook, ensuring stability and growth

The large concentrations of loans granted to individual borrowers and to some business sectors

Burgan Bank closes $800mln unsecured term loan facility

The syndication, originally launched at $300mln in February 2023, was oversubscribed threefold, with commitments totaling $920mln

Oman Arab Bank recognized by Ministry Of Social Development for inclusive and diverse policies

This achievement reflects OAB's human resources policies, which prioritize inclusivity and forward-thinking practices

Commercial Bank International’s board greenlights up to $242.23mln capital raise

The capital hike is still subject to the approvals of the Central Bank of the UAE as well as the Securities and Commodities Authority

Bank of China to start operations in Riyadh this year, says official

The development comes on the heels of the 10th Arab-China Business Conference that concluded in Riyadh on Monday.

Al Ahli Bank of Kuwait closes a 37-month $600mln Asian syndicated term loan facility

This inaugural transaction will register ABK with the largest facility, by volume, from a Kuwaiti borrower targeting the Asian market to date

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