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

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

Bahrain’s Bank ABC drops $400mln AT1 issuance plans

The bank said it will revisit the issuance when market conditions are more favourable

Commercial Bank Financial Services receives two prestigious accolades

These awards reflect our commitment to world class innovation and delivering customer-centric solutions to our brokerage clients.

How B2B BNPL is revolutionising global commerce

With an average fee of 3%-4% per transaction, this represents a potential market value of $700bn to $1.3 trillion.

Qatar’s banking sector to witness positive momentum in 2025

The data also forecasts that Qatar’s North Field Expansion project will increase LNG production by nearly 35 percent by 2027

Central Bank of Kuwait issues $660 million bond and tawarruq with 4.125 percent yield rate

Bonds fund governments by repaying principal and interest; tawarruq converts debts into tradable securities

NBB Launches Personal Finance Campaign Offering a Total of BHD 5,000 Cash Prizes

The National Bank of Bahrain has introduced its latest Personal Finance campaign presenting customers the chance to win a total of BHD 5,000 in cash prizes, running until 31st March 2025.

Bahrain’s Bank ABC mandates banks for AT1

Global investor and fixed income meetings taking place on Monday and Tuesday

Qatar National Bank reports strong profit growth

The bank’s 2024 full-year net profit rose 8 percent year on year to a record $4.6 billion.

Kutayba Y. Alghanim announces sale of Gulf Bank stake to Warba Bank

This transaction concludes Kutayba Y. Alghanim’s longstanding investment in Gulf Bank

Kuwait’s Warba Bank to acquire nearly 33% stake in Gulf Bank

The transfer of the shares will be completed upon obtaining the necessary approval from the regulatory authorities

Saudi banks’ money supply hits $786bn, time and savings deposits share at 15-year high

The rise reflects strategic measures by local banks to navigate strong loan demand while attracting funds to stabilize their balance sheets.

Egypt to receive $1.2 billion as part of IMF programme in January

Egypt is expected to receive later this month another disbursement from the IMF as part of an $8 billion programme, its finance minister has said.

KIB continues to provide the best auto financing deal in collaboration with Al Sayer

Offering financing benefits for Toyota and Lexus vehicles in Kuwait

National Bank of Egypt Shines with Multiple Wins at the Global Business Review Magazine Awards 2024

The National Bank of Egypt wins prestigious accolades for its innovation, customer focus, and sustainable practices.

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