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

FAB achieves H1 2024 group net profit of AED 8.4bln, revenue of AED 15.7bln

Diversified growth continued across businesses, geographies and sources of income, including 30% yoy growth in international revenue

QNB wins 'Best Retail Bank for Digital Customer Experience' award in Qatar, Middle East

The Digital Banker has recognised QNB's outstanding efforts in enhancing the digital banking experience for its customers.

Lesha Bank reports a net profit of QAR 54.1mln for the first half of 2024

The Bank reported a net profit of QAR 54.1 million attributable to the equity holders of the Bank, a 21% growth compared to the corresponding period of last year

Egypt's Banknbox join forces with CSC Jordan to drive financial inclusion

The partnership aims to drive financial inclusion and offer joint advanced services to customers of both companies, through the extension of diverse banking solutions and innovative payment services.

NBK calls to verify individual and corporate identities before sharing sensitive information or making transactions

As part of its ongoing efforts to promote the “Let’s Be Aware” campaign

KIB Group’s net profits during H1 2024 reach KD 12 million

During this period, KIB achieved KD 12 million of net profit attributable to shareholders, (i.e. 103% growth) with earnings per share (EPS) standing at 5.99 fils.

RAKBANK issues first ever public Social Bond in the GCC

The bond will have a coupon of 5.375% with a yield to maturity of 5.439%

Ajman Bank sets highest record in its history for the first half of 2024

Ammar Bin Humaid Al Noaimi chairs Ajman Bank Board of Directors meeting

QNB commences distribution of interim cash dividends

Dividends will be deposited directly into the bank accounts of shareholders who registered their account numbers with EDAA on or before 17 July 2024

Mashreq bags Open Banking Initiative of the Year - UAE at ABF Retail Banking Awards 2024 for its innovative Global Non-Resident Platform

The initiative transforms the Non-Resident banking experience globally with seamless, secure, and personalised services.

Khaleeji Bank launches “Ajyal” account for minors below the age of 21

Exclusive privileges and bonuses for the “Ajyal” Savings Account and Depositors Account

Dukhan Bank reports a net profit of QAR 784mln for the six-month period ended 30 June 2024

The Board of Directors recommends 8% interim dividends

QNB first bank in Qatar to launch own cyber-security awareness campaign

Throughout the period of the campaign, QNB has curated social media videos aimed at targeting all of its customers.

BankDhofar continues its support to Small and Medium Enterprises aligning with Oman Vision 2040

The bank has significantly enhanced its focus at this sector as it is the backbone of the economy that will boost economic prosperity for the state and individuals alike

Commercial banks’ assets surge by 5.1% in May 2024

The Qatar Central Bank has also played a crucial role in this journey

Kuwait’s GDP falls 4.4pc in Q4 2023: NBK Research

This is something that could be pushed much higher as the new government pursues its diversification and development goals.

Afreximbank plans $3.2bln boost for Egyptian banks, companies

Over the past three years, Afreximbank has provided approximately $12.8 billion in funding to the Egyptian market

Saudi Banks Hit Record-Breaking Profits of USD 1.96 Billion

The Saudi National Bank has reported an unprecedented 14-month high in profits, and a 12.4% increase in non-oil exports.

Oman Housing Bank launches campaign to enhance financing services across Oman

These agreements facilitate the processing of waiting list applications through local banks.

FAB says ‘no’ to $5bln Yes Bank stake acquisition reports

The bank said in a bourse filing that reports on Wednesday were ‘unfounded’