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

Loans extended by Bahrain banks increase 4.6% in 2024

The Business Sector accounted for 42.3% and the Personal Sector 48.3% of the total loans and credit facilities

Qatar’s Ahli Bank prepares to launch 5-year $500mln debt

The issuance will be under its $2 billion EMTN programme

Bank of Jordan announces 2024 financial results

Continues Regional Expansion, and Recommends 18% Cash Dividend Distribution to Shareholders

Bank ABC approves $85mln dividends for FY 2024

This dividend per share stands at $2.75 cents, marking a 22% increase compared to the previous year

Emirates NBD to Acquire Stake in Egypt’s Banque du Caire: Reports

An official statement has yet to be issued regarding the news, which has sparked controversy.

Sohar International partners with Arabian Falcon Insurance Company to introduce exclusive Insurance protection plans

This strategic collaboration reflects Sohar International’s commitment to going beyond traditional banking by integrating value-driven financial protection solutions

Savills boosts global cross border retail expertise

Thea Rowe joins the team in Dubai to capitalise on growing demand in the Middle East

Mbank partners with Abu Dhabi University to launch collaborative academic and professional development programs

To offer a range of academic, training, and professional development initiatives for undergraduate and graduate students

Doha Bank ties up with Ooredoo Money to promote fintech landscape in Qatar

The two organisations are committed to driving financial innovation and contributing to the overall economic development of Qatar

Saudi Awwal Banks wins the Sustainability Program Award

The winners were selected by independent committees composed of a distinguished group of sector experts, carefully chosen by the CFA Society Saudi Arabia and the Middle East Investor Relations Association.

HSBC Bahrain named top trade finance provider by Euromoney

HSBC Bahrain also secured the number 1 rank for Best Services and Best Technology in the survey

Mashreq and First Abu Dhabi winning bank efficiency race

Mashreq’s cost-to-income ratio was 27.5 percent in 2024

Qatar commercial banks’ assets up 3.3% to $560bln in January

The banking sector is undergoing a transformative shift, adapting to global economic trends and embracing technological advancements

Bank Nizwa’s focus on excellence, innovation, and social responsibility earns top honours at IFN Awards

These honours underscore Bank Nizwa’s unwavering dedication to people-centricity, financial ingenuity, and transformative impact in the Islamic finance sector

Khaleeji Bank Offers Daily BD 1,000 Cash Prizes to “Al Waffer” Account Holders

On the occasion of the Holy Month of Ramadan and for 30 Days

Development Bank portfolio reaches 509 educational loans totaling RO18.8mln by end of 2024

Backing a variety of initiatives across all governorates, the loans reinforce the bank’s commitment to both strengthening and encouraging private sector investment in education

Telr and Bank AlJazira Partner to Advance Digital Payments in Saudi Arabia

This collaboration enhances payment flexibility, expands financial accessibility, and empowers e-commerce businesses to thrive in Saudi Arabia’s fast-evolving digital economy.

Egypt’s banking sector sees 27% growth in deposits and credit facilities

Egypt’s fiscal year runs from July 1 to June 30 of the following year.

CIB Successfully Closes EGP 7Bn Sukuk Issuance For Tasaheel

Several banks acted as underwriters for the issuance

Weyay Bank opens the doors to digital financing: Fully digital loans for the first time in Kuwait

This step comes in line with Kuwait 2035 Vision, which aims to transform Kuwait into a financial and trade hub regionally and internationally through digital transformation

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