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

QIB net profit up 5.3% to QR2.18 billion in H1

This payout, which is subject to regulatory approval from Qatar Central Bank, will be distributed to shareholders registered as of market close on July 24, 2025.

Tap‘N’Go from Bank Muscat: Enhanced Payment Experience During Khareef Season

The Bank offers the Tap‘N’Go payment service which is a contactless payment service, enabling merchants and business owners, to accept card payments directly via their smartphones.

Commercial Bank named ‘Best Performing Bank in Qatar’ by The Banker

The rankings are based on audited year-end financials and Tier 1 capital strength, making this recognition.

Khaleeji Bank announces its sponsorship of the Bahrain Padel Federation Cup

To be held from July 16 – 19 under the name “Khaleeji Federation Cup”

UAE lender ADCB reports 11% jump in second-quarter profit

ADCB is the third-largest bank by assets in the United Arab Emirates and majority-owned by the government-run Abu Dhabi Investment Council.

Doha Bank launches API product for seamless corporate banking

It is one of the first in Qatar to launch open banking services for transactional and reconciliation services.

Doha Bank named ‘Best Bank in Qatar’ at MEED MENA Banking Excellence Awards

Doha Bank’s win follows a strong year of growth, underpinned by its progress in digital transformation, product innovation, and responsible financial practices.

Gulf Bank signs MoU with global cybersecurity leader CrowdStrike

Partnership to Enhance Cybersecurity Awareness, Increase Digital Resilience in Kuwait’s Business Community whilst developing local expertise

Gulf Bank warns against using open Wi-Fi networks at some airports and hotels

As part of its ongoing support for the “Diraya” campaign

Kuwait International Bank Enhances Self-Service Banking with Diebold Nixdorf Technology

Interactive Teller Machines (ITMs) offer expanded services and convenience to customers

Banking expert calls for international banks to revive Syrian economy

Banking expert Nibal Najma told the newspaper that allowing foreign and regional banks into the Syrian market represents a pivotal move to revitalise the banking system and rebuild the Syrian economy on modern foundations.

Oman’s banking sector strengthens with 8% credit growth

The banking sectors of the Gulf Cooperation Council showed overall credit growth, highlighting regional economic resilience.

Emirates NBD clarifies on DirectRemit: No new fee for money transfers to India, Pakistan, Philippines, Egypt

Dh26 fee applies to non-core corridors, not popular remittance countries: Emirates NBD

Al Ahli bank of Kuwait Earns Top Honour At Global Brand Awards 2024

This achievement reflects their unwavering dedication to delivering exceptional customer service and setting industry benchmarks. Well-deserved recognition for an outstanding team!

Sohar International launches Oman’s first open banking platform, ushering a new era of financial innovation

This strategic advancement enhances the bank’s digital ecosystem

Qatar National Bank suspends share buyback, to resume on July 10

QNB will not conduct its share repurchase during the closed period commencing from 25 June 2025 to 9 July 2025

FAB Becomes First Bank in MENA to Join China’s Cross-Border Payment Network

FAB is currently the only UAE bank operating a fully licensed branch in Mainland China and is committed to supporting the needs of clients and partners in both markets.

FAB becomes MENA’s first lender to join CIPS as direct participant

Move reinforces the ADX-listed bank’s position in cash management and clearing across the MENA region

Oman’s Sohar, Ahli Bank postpone merger talks due to regulatory delays

Ahli Bank will proceed with OMR50mln capital increase

First Abu Dhabi Bank becomes First MENA Bank to join CIPS as direct participant

Strengthening its regional cash management and clearing capabilities

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