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

Al Salam Bank Launches 2023 “Danat Savings” Scheme

This year’s edition of Danat will enrich the lives of more than 120 winners every month.

Arab Bank Group Report Net Profits of $544.3 Million For 2022, 25% Cash Dividends

Ms. Randa Sadik, Chief Executive Officer, stated that Arab Bank continued to deliver sustainable growth rates during 2022

Masraf Al Rayan reports a net profit of QAR 1.34bln for year ending December 31, 2022

Net Operating income reached QAR 4.36 billion

National Bank of Kuwait's fourth-quarter net profit rises more than 25% on revenue boost

Gulf country's biggest bank posts its highest annual profits on record

Active contribution to Vision 2030 objectives, Abdullah Al Rajhi Leads alrajhi bank to Record 2022 Profits of SAR 17,151 Million, Up 16%

alrajhi stated that the Bank continued to grow at all levels and achieved its strategic goals based on customer loyalty

UAE's biggest bank FAB’s Q4 net profit falls 26%; misses estimate

Higher impairment charges and operating expenses weigh

Emirates NBD 2022 profits up 40% by $3.54bln

Bank says it had an “exceptionally strong” fourth quarter with a profit of more than $1bln

UAE bank investments hit 13-month high of $139bn

UAE banking assets increased 7.7 per cent year on year to November 2022

UAE fuel retailer ADNOC Distribution commits to decarbonizing operations 25% by 2030

ADNOC Distribution’s plan is to go big on solar panels at its fuel stations

Mashreq successfully acquires digital banking license to commence operations in Pakistan

Aims to support the country’s digital landscape and financial inclusion

QIB profit grows by 12.7% to reach QAR 4,005mln in 2022

"The Bank's performance in terms of growth, portfolio, and profitability is a result of the focused execution of our business strategy over the last few years,"

NBK platinum sponsor of 3rd Consulting Services for the Development Plan forum

Al-Turki: We are always seeking to drive growth by supporting the private sector and increasing economic diversification

Qatar National Bank profit up 9% to $3.9bn

Qatar National Bank profits leapt in 2022, with strong customer deposits and astute management

First Abu Dhabi Bank raises $500m through Islamic bond

The latest deal is the first global sukuk issuance in 2023, the lender says

Emirates NBD & Prem Watsa-led Fairfax Group may join IDBI Bank race, stock gains

The government and LIC together are looking to sell 60.72 per cent in IDBI Bank and had invited bids from potential buyers in October. The last date for submitting Expression of Interest (EoI) or preliminary bids was set at December 16, which was later ex

GCC steps help migrants remit money home: World Bank

Employment conditions for migrants were robust for the first months of 2022, boosted by labour shortages in the hospitality and health sectors of high-income countries, while windfalls tied to higher oil prices benefitted the GCC, which boosted demand for

Egyptian Banks Collect EGP 24 Billion from 25% Certificates within Two Days

The core inflation rate in Egypt reached 21.5% on an annual basis in November 2022, compared to 19% in October 2022.

NBK announces Al Jawhara prizes are now worth KD 4,925,000

Weekly and grand prizes increased 4 times

Growing its network, Bank Nizwa announces new branch opening in Mawaleh

Strategically located, the new branch constitutes the Bank's latest step towards redefining the banking experience

Six Kuwait banks join GCC Cross-border Payment System

The Governor added that AFAQ is optimized to process remittances in local GCC and other currencies in a short time and at reduced costs to customers in a safe and stable environment, and is part of a regional infrastructure operated and developed by Gulf

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