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

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

Wio Bank partners with FAB to facilitate cash and cheque deposits

The Wio Business app has been integrated with the FABePay portal to enable users to initiate cash or cheque deposits in a simple and convenient manner directly in the app, providing a unique reference number to be used on every deposit transaction.

Egypt has third best banking system in Arab world in terms of assets, deposits, and loans: UAB

UAB stated that the size of the banking sector in Egypt tripled during the past five years, between August 2017 and August 2022

Banque Misr sees 1567% surge in daily USD withdrawals abroad

That average surged to $3.1 million daily in November and $10 million in December

UAE Central Bank cancels insurance broker’s registration

Recently, the institution also imposed financial sanctions on exchange houses for violating the laws and regulations of the country

International gangs, apps hit Kuwait – Bank accounts targeted

Despite the repeated warnings of the Ministry of Interior over the past month about remote access applications, victims are still falling every day until the total number of complaints received by the Public Prosecution exceeded 300 complaints pertaining

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