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

First Abu Dhabi Bank Misr recognized for excellence in attracting foreign investment by the World Union of Arab Bankers

This recognition highlights FABMISR’s strong financial performance and its key role in driving foreign investment into Egypt, reinforcing its position as a regional banking leader

Banque Misr arranges $56mln worth of syndicated funding to Landmark Development

The loan aims to fund part of the investment cost of a fully serviced residential project called “STEI8HT” in New Cairo, spanning an area of 375 acres

Egypt revives IPO market after three years with $110 United Bank sale

Egypt has launched the sale of a stake worth up to $110 million in United Bank, marking the country’s first initial public offering in three years as it advances its privatization agenda backed by the International Monetary Fund

Emirates NBD brings back its Mega Foreign Exchange customer promotion

Over 10,000 winners to win prizes worth a total of AED 3 million over 3 months, including 115 daily and 35 monthly winners

Gulf Bank wins Mastercard award for highest tokenized debit portfolio in Kuwait

During Mastercard East Arabia Business Forum

Egypt: EG Bank posts 83.49% consolidated profit hike in 9 months

EG Bank is engaged in the provision of corporate, retail, and investment banking services through a network of 16 branches located across Egypt

UAE banking sector can put in higher growth even with interest rate cuts: CBD's Al Hammadi

Sufficient demand exits for loans, investment opportunities in UAE, says CBD official

Saudi Awwal Bank Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year

We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Gulf Bank holds its third quarter 2024 Earnings Webcast

Waleed Khaled Mandani: Kuwait's financial system remains resilient

Bahrain’s NBB begins proceedings in potential merger with Bank of Bahrain and Kuwait

The bank previously appointed Goldman Sachs as financial adviser for its negotiation

Oman: Ahlibank reports $80mln net profit for 9-month period

The bank’s total assets surged by 10%

NBK the only Kuwaiti bank in Global Finance’s list of the World’s 100 Safest Banks for 2024

A new achievement denoting local, regional and global trust in the bank

QNB becomes first to launch Visa’s enhanced Click to Pay

QNB and Dibsy were recognized for their pioneering efforts by Visa at an award ceremony at QNB attended by QNB’s, Visa’s, and Dibsy’s executives.

Dun & Bradstreet supports Qatar Development Bank with advanced risk management solutions

A new partnership for the future of Qatari Businesses Resilience

ADIB delivered an exceptional performance in the first nine months of 2024

Net Profit (before tax) up 33% YoY to AED 5.2 billion, implying an industry leading return on equity of 29%

Mashreq's 9M 2024 profit before tax rises 9% YoY to AED 6.5bln, reflecting strong business activity in a healthy business environment

These include placing clients at the forefront of our efforts, enhancing operational and financial effectiveness, enforcing stringent risk management practices, and cultivating a culture that values and empowers our employees

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