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

Top UAE banks’ combined H1 2023 profit hits $7.4bn

The country’s banks continue to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape

Banque du Caire launches new security control unit

It will also provide assistance to all the bank’s sectors to achieve the targets or intervene to maintain the quality of the service provided to clients during peak times.

UDC partners Commercial Bank to to showcase in Mumbai 'premium' Qatar investment opportunities

UDC partnered with Commercial Bank, which provides attractive mortgage loan packages for foreign investors, offering loan tenures of up to 20 years.

Saudi Awwal Bank signs agreement with Wise

This agreement falls within the framework of SAB’s contribution to achieving the goals of the Financial Sector Development Program, stemming from Saudi Vision 2030.

Gulf International Bank to participate in Sibos 2023

GIB remains at the forefront of developing innovative solutions that require best-in-class products in cash, payments, and trade finance services

Commercial Bank Recognised With 'Most Innovative Bank' Award

This esteemed recognition of“Most Innovative Bank” in the Middle East is a testament to the tireless dedication and creative minds behind Commercial Bank, empowering customers with seamless and advanced banking experiences.

J.P. Morgan Payments selects Network International as strategic partner to drive payments acquiring in the Middle East

J.P. Morgan Payments operates in over 160 countries and over 120 currencies and is one of the leading merchant acquirers globally by volume of transactions

QCB announces receiving applications for 'Buy Now, Pay Later' service providers

QCB also stressed its keenness to provide effective and valuable initiatives that help create a suitable environment for technology companies to shape the future of financial technology in the State of Qatar.

GCC banking sector sees growth in lending during Q2

Total net income reached $13.7bn with a q-o-q increase of 3.5 percent supported by both higher net interest income and non-interest income during the quarter.

Banque du Caire’s profits surge 41% YoY in H1

Net profits after tax registered EGP 2.6 billion, compared to EGP 1.8 billion in H1 2022

Kuwaiti bank nets highest in history

The Central Bank of Kuwait’s financial safety indicators for the second quarter of 2023

AiBANK signs long-term partnership agreement with Visa to enhance its digital payments offering

This partnership underscores a shared vision to enhance digital payment options and cultivate a convenient and secure environment for electronic transactions

OAB shares positive half year growth figures

Reports a 64% increase in net profit

NBK renews its two-year partnership with Rafa Nadal Academy

The partnership aims to promote healthy living and tennis in Kuwait

KIB marks H1’23 with many achievements as part of efforts to elevate its digital infrastructure via electronic channels

This is further supported by the Bank’s relentless effort to build and reinforce a reliable and advanced digital infrastructure, capable of ensuring a smooth banking experience for all customers, and with it guaranteeing the highest levels of custom

Oman Arab Bank’s Tumouhi set to boost SME growth in the Sultanate

QNB Group expands its network with its new Jeddah branch

The branch offers solutions for its retail and corporate clients located in the western region of the Kingdom

Alvarez & Marsal UAE Banking Sector Pulse reveals steady performance in Q2 2023

Majority of banks see increase in operating income (+3.2 percent QoQ) on the back of moderate increase in non-interest income (+7.7 percent QoQ) and lower impairment charges

UAE's four largest banks post profit rise on interest income boost and economic momentum

Aggregate first-half net income of FAB, Emirates NBD, ADCB and Dubai Islamic Bank rose to $7.4 billion

Six UAE lenders endorse green economy via $51.77bln financing

The lenders are First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates NBD, Dubai Islamic Bank, Mashreq Bank, and Abu Dhabi Islamic Bank

Retail Banking