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

Total assets of commercial banks up 6.8% to QR2 trillion in August

QCB post further stated that the total broad money supply (M2) increased by 6.7 percent to reach QR730.9bn in August 2024 on year-on-year basis.

Dukhan Bank receives Qatar’s ‘Rising Star’ award by Euromoney Awards for Excellence 2024

Dukhan Bank’s customer-centric approach has been key to its continued success in Qatar’s competitive banking landscape.

Qatar's Dukhan Bank sells $800 in 5-year sukuk, document shows

The sukuk transaction, which is expected to be priced later in the day, was issued under the bank's $2 billion trust certificate issuance programme.

Al Ahli Bank of Kuwait Wins Six Prestigious Awards from Global Finance

The awards are a testament to the Bank's commitment to innovation, performance improvement, and implementation of state-of-the-art digital services.

The Egyptian Banking Institute announces its achievements for the fiscal year 2023/2024

Dr. Nossier: EBI is committed to empowering banking professionals locally & globally

Nine major Saudi retail banks score positive net sentiment in latest PwC Middle East and DataEQ report

Net sentiment scores across the banks varied significantly

NBO named Best Performing Company in the Large Capital Category at The Aiwa Awards

The award was announced in a gala ceremony held under the auspices of H.E. Sheikh Sabbaa Hamdan Al Saadi

UAE customers complain as banks issue credit cards without proper ID verification

Using the replicated ID card and other documents, they approach banks, some of which do not adequately verify the applicant's identity and issue credit cards.

UAE and Saudi Arabia to drive expansion of the GCC retail industry, says Alpen Capital

With the UAE and Saudi Arabia leading the region’s growth at CAGRs of 5.4 percent and 5.1 percent, respectively

PayerMax partners with Saudi Awwal Bank to enhance the Kingdom’s digital payment ecosystem

The partnership aims to redefine the digital payments landscape and streamline the onboarding experience for local merchants, facilitating seamless global transactions.

Qatar’s banking sector sees growth in deposits and credit facilities

The public sector deposits for July this year stood at $100.60bln in commercial banks representing a rise of 21.4% on a yearly and a decline of 0.2% monthly basis

Commercial Bank issues Qatar's largest ever Green CHF-denominated bond following strong demand

Commercial Bank considers sustainable financing as an integral part of its overall financing strategy

Saudi Banks Growth Momentum Continues

Local lenders enjoying lower delinquencies in their loan portfolios, while provisions cover non-performing loans fully

Banking opportunities remain with lower rates

Banks are essential intermediaries for any economy, as a safe deposit for cash, and provider of credit for households and businesses to help develop the economy.

Kuwait’s central bank implements additional payment security steps

This bolsters security and give users an extra chance to verify their payment information

BankDhofar inaugurates its newest branch at Al Sawadi

The opening ceremony was attended by esteemed dignitaries, officials, and members of the community and BankDhofar’s executive management members

Egypt nears first major stake sale since devaluation: Bloomberg

While details are being discussed within the bank, they remain confidential until the official announcement

NBK alerts against online job offer scams promising high salaries

As the Bank Continues to Strengthen Financial Awareness and Support the "Let's Be Aware" Campaign

Social Development Bank wins award for Best Financing Institution for Women Entrepreneurs in MENA

At World SME Finance Forum 2024

Commercial Bank’s MSCI ESG rating upgraded to ‘A’

We are committed to a resilient and sustainable financial future in line with the State’s goals

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