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

UAE's biggest bank FAB posts 4% rise in FY 2024 net profit; beats estimate

Net impairment charges rose 27% YoY driven by higher provisioning levels

LuLu Exchange taps Fintech Galaxy for open banking payments in Bahrain

The collaboration enables seamless A2A transfers, and LuLu Exchange has become the region’s first licensed cross-border payments company to offer services using the Open Banking infrastructure.

STC Bank: Success in the making for the Saudi telecoms incumbent?

With its first mover advantage and ability to disrupt the old banking guard in Saudi Arabia, it is a bold move by STC.

Bank of Sharjah acts as joint lead manager & bookrunner in a € 500 mln Bond Issuance for the Government of Sharjah

The issuance received strong investor demand, with the order book reaching an oversubscription of 3.5 times

Burgan Bank launches First Certificates of Deposit Program in Kuwait

CDs are short term debt instruments with maturities up to one year

Emirates NBD Egypt’s net profits jump by 64% In 2024, recording EGP5.3bln

The Bank's profit before income taxes recorded EGP 7.5 bn in 2024

Bank of Jordan supports the Winter Campaign for children in Gaza Strip

In partnership with Tkiyet Um Ali

Saudi consumers are shifting their shopping and spending decisions, says AlixPartners

In 2025, KSA-based consumers are expected to maintain robust spending habits, driven by strategic priorities and a strong focus on essentials and experiences.

Kuwait: NBK Reports Net Profit of KD 600.1 Million for FY2024

In the meantime, shareholders' equity also saw an increase, standing at KD 3.9 billion (USD 12.7 billion), up by 5.9% year-on-year.

Kuwait: NBK and Alshaya Group Launch Exclusive Collaboration with Mastercard

The two new cards enable NBK customers to earn up to 8% in Aura points on their purchases, offering a seamless experience for redeeming rewards through the customer’s Aura application account.

Riyad Bank registers 16% higher profits in 2024

Assets hiked by 16.42%

Saudi Awwal Bank named Kingdom’s ‘best trade finance provider’

The award is based on a comprehensive evaluation of several key factors

Riyad Bank leads the way in sustainability with comprehensive ESG strategy

The strategy is aligned with the Kingdom’s Vision 2030 and its commitment to net-zero by 2060.

Crédit Agricole Egypt receives three prestigious awards in the year 2024

These accolades underscore CAE's commitment to customer satisfaction

Lesha Bank records a net profit of QAR 128.2mln for the year ended 2024

Reflecting 36% YoY growth and propose cash dividends

Gulf Bank launches phase two of transforming branch network into eco-friendly spaces

The first phase included the renovation of six branches: Al-Ghazali, Al-Zahra, Abdullah Al-Salem, Al-Shaab, Al-Jabriya, and Al-Nuzha

Burgan Bank Launches Responsible Waste Management Initiative in Collaboration with Tadwire

Environmental sustainability has become an indispensable pillar for the success of businesses and projects

Dukhan Bank posts net profit of QR1.34bn for 2024

We continue our journey with a renewed focus on expanding our digital capabilities and services

ABK Receives ‘Best Investor Relationship Bank’ Award from International Finance

This is achieved through consistent communication with the Investor Relations Unit and active participation in various events and conferences.

Qatar Central Bank launches first phase of Primary Dealer framework with Bloomberg

First phase focused on integrating the Bloomberg Auction System to enhance the local currency debt issuance process and workflows

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