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

Abu Dhabi’s FAB to triple revenue from China operations by 2026

The bank opened its fully licenced branch in mainland China in 2022 and grew its business there by 50 per cent in 2023

Saudi Banks to Increase their Capital Following Record Profits

The expert said that the huge bank profits, due to high-interest rates, have strengthened their plans to finance the capital increase from retained profits.

Capital Bank enhances sustainability with water-saving technologies

As part of its active steps towards sustainability and environmental preservation

Mashreq Egypt launches Mashreq NEO segment

Mashreq NEO will be available for Egyptian citizens starting with the minimum age of 15 years

Mashreq closes US$88 million syndicated term loan facility for Joint-Stock Commercial Bank 'Agrobank'

The collaboration reinforces Mashreq’s commitment to fostering growth in emerging markets and supporting small businesses operating in vital sectors, such as agriculture.”

QNB launches Smart Card Machine

The launch of this service comes as part of the bank’s commitment towards investing in greater digitization and innovative solutions that help to simplify banking services for its customers.

Gulf Bank organizes a panel discussion on women's empowerment and leadership professional skill development

With the Participation of the Chair of the "European Women on Boards" and the Ambassador of the European Union to Kuwait

Commercial Bank first to introduce 'Visa Installment Solution' in Qatar

Merchants can enable the solution simply by integrating with APIs

Lesha Bank holds Annual and Extraordinary General Meeting

Additionally, several reports were presented and approved, such as the Shari’a Supervisory Board report

Banque Misr exits $100.2mln investments in 2023: Official

The bank is targeting exiting from investments in seven companies for a sum of EGP 1.5 billion

Sohar International joins national programme Estidamah in establishing Omani business growth fund

The overarching goal of this initiative is to stimulate market growth and foster economic diversification, supporting Oman's long-term vision for sustainable development and economic prosperity.

Kuwaiti banks’ profits surge by 28.5% in ’23

Eight local banks experience significant profit growth

Gulf Bank holds its year end 2023 earnings webcast

The discussion was moderated by Dalal Al-Dousari, Deputy General Manager of Investor Relations at Gulf Bank

Bahrain: Ithmaar Bank posts $32mln net profit

Ithmaar Bank reported a net profit attributable to equity holders for the year ended with a 27.74% increase

Kuwait’s Gulf Bank posts 15% rise in FY 2023 net profit to $231mln

Higher earnings due to rising interest income, lower provisions and impairments

Saudi Awwal Bank proposes 9.8% dividend for H2 2023

The total distribution will be $536mln

Mastercard and Al Baraka Bank partner to elevate banking experience in Egypt

This strategic move is set to effectively cater to the needs of individuals in the realm of digital payments

Abu Dhabi Exports Office partners with Mashreq and Abu Dhabi Commercial Bank to provide up to US$100mln in financing to BGN

Financing Facility aims to enable BGN to procure energy commodities from the UAE

Al Baraka Bank joins largest Islamic financing deal in Egypt

The deal aims to refinance the existing facilities of the two companies on better terms and lower costs, as well as to support their growth

United Arab Bank reports financial results for the full year ended 31st December 2023

UAB deliver 65% growth in FY 2023 net profits

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