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

Bank Muscat BoD approves financial results, proposes 15.5 per cent dividend for 2023

The bank’s net profit for the year ended 31 December 2023

Kuwait banks see 2.2% dip in construction sector financing

Decrease worth 36.5 mln dinars

NBK warns customers of storing sensitive information on smartphones to avoid fraud

Regular updates are vital to prevent fraud by addressing security vulnerabilities

Gulf Bank introduces exclusive 15% cashback for Visa Credit cardholders

When using Apple Pay, Google Pay, and Samsung Pay locally and internationally

BankDhofar extends “Credit Card Bonus Points Campaign” offer

Earn up to 3000 Rewards points as bonus points

Al Baraka Bank Egypt, EG-Bank suspend international credit cards cash transactions

The move came as Egyptian banks have applied more restrictions on the usage of credit cards outside Egypt to maintain a domestic supply of foreign currency.

National Bank of Oman wins Bank of the Year Award for 2023 by The Banker

NBO won this award in recognition of its strategic initiatives, continued growth, and technological advancement in the sector

Bank Muscat posts net profit of OMR212.45 million for year ended December 31, 2023

Net Impairment for credit and other losses for the year ended 31 December 2023 was OMR64.66 million as against OMR59.94 million for the same period in 2022.

Oman Arab Bank receives Bank of New York Mellon’s 'Straight Through Processing' Excellence award

This recognition, consistently earned since 2018, highlights OAB's leading position in the financial industry

Ahlibank introduces upgraded ‘The Winner Savings Account’ for 2024

Stepping into 2024, Ahlibank is excited to introduce the modernized The Winner Savings Account, reshaping the banking experience for our valued customers.

QNB net profit rises 8% to QR15.5bn in 2023

The annual financial results for 2023 along with the proposed profit distribution are subject to Qatar Central Bank (QCB) approval.

QNB Group: Financial results for the year ended 31 December 2023

The annual financial results for 2023 along with the proposed profit distribution are subject to Qatar Central Bank (QCB) approval.

NBK awarded “Best Foreign Exchange Provider in Kuwait” for 2024

Marking its 12th consecutive win in Global Finance’s annual survey

Bahrain’s Al Salam Bank terminates discussions on acquiring KFH Bahrain

Bank said the two parties had not been able to reach mutually agreeable terms

BankDhofar inaugurates its newest branch at SQU

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

Arab Bank named Bank of the Year 2023 in the Middle East by The Banker Magazine

Award was based on criteria assessing a number of different indicators, including the Bank’s financials, strategy and performance

Sohar International goes beyond borders entering into the Kingdom of Saudi Arabia

A transformative stride towards realising its vision to become a world-class Omani services company

UAE’s Ajman Bank launches real estate subsidiary Skyrise Properties

Our mission is clear - to elevate Skyrise Properties and Ajman Bank to new heights.

Jordanian banks launch first private sector investment fund with $388m commitment

The fund is crucial for achieving “accelerated growth” by fully leveraging Jordan’s economic potential, according to Hani Al-Qadi, the chairman of the Jordan Capital and Investment Fund.

NBO’s Sadara Priority Banking offers exclusive benefits for premium clients

Designed to optimise their financial management and streamline their valuable time

Retail Banking