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

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

NBK warns customers of scam calls offering fake lucrative prizes and investments

Within its participation in the “Let’s Be Aware” banking awareness campaign

Egypt's net foreign deficit narrows in November

The deficit is still the country's third highest ever, following record deficits in June and October

NBK announces exclusive partnership with X-Cite for NBK KWT Visa Infinite credit cardholders

Seeking to provide top-notch offers and rewards to customers

West African Development Bank announces acquisition of an equity interest by the Arab Bank for Economic Development in Africa in its capital

This opens up the second phase of the Bank's capital increase process, the first phase of which was completed in December 2022 for an amount of XOF554.38 billion.

Dubai's Union Properties to enter debt repayment deal with leading UAE bank

Dubai developer gets board approval to pay off Dh825m-Dh875m in 9 months

Al Ahli Bank of Kuwait Supports Scientific Education by Sponsoring the 17th Kuwaiti-French Scientific Exhibition

The exhibition showcased an array of scientific and research projects in hydroponics, offering a platform for numerous students to delve into the innovative world of hydroponic agriculture.

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