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

Kuwaiti bank nets highest in history

The Central Bank of Kuwait’s financial safety indicators for the second quarter of 2023

AiBANK signs long-term partnership agreement with Visa to enhance its digital payments offering

This partnership underscores a shared vision to enhance digital payment options and cultivate a convenient and secure environment for electronic transactions

OAB shares positive half year growth figures

Reports a 64% increase in net profit

NBK renews its two-year partnership with Rafa Nadal Academy

The partnership aims to promote healthy living and tennis in Kuwait

KIB marks H1’23 with many achievements as part of efforts to elevate its digital infrastructure via electronic channels

This is further supported by the Bank’s relentless effort to build and reinforce a reliable and advanced digital infrastructure, capable of ensuring a smooth banking experience for all customers, and with it guaranteeing the highest levels of custom

Oman Arab Bank’s Tumouhi set to boost SME growth in the Sultanate

QNB Group expands its network with its new Jeddah branch

The branch offers solutions for its retail and corporate clients located in the western region of the Kingdom

Alvarez & Marsal UAE Banking Sector Pulse reveals steady performance in Q2 2023

Majority of banks see increase in operating income (+3.2 percent QoQ) on the back of moderate increase in non-interest income (+7.7 percent QoQ) and lower impairment charges

UAE's four largest banks post profit rise on interest income boost and economic momentum

Aggregate first-half net income of FAB, Emirates NBD, ADCB and Dubai Islamic Bank rose to $7.4 billion

Six UAE lenders endorse green economy via $51.77bln financing

The lenders are First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates NBD, Dubai Islamic Bank, Mashreq Bank, and Abu Dhabi Islamic Bank

UAE banks lending to businesses, industries up $7.73bn

National banks increased their credit balance for the said sectors by AED8.2 billion in May 2023, a monthly increase of 1.11%, which was a year-on-year growth of 3.3% or AED23.9 billion, up from AED721.6 billion in May 2022.

Emirates Development Bank launches supply chain financing for SMEs with Trade Capital Partners

This partnership was facilitated by Hub71

Bank Nizwa continues to invest in Omani talents

Backed by years of experience and an inherent zeal to achieve the broader goals of the bank

Ahlibank’s home loan offer starting from 4.5% p.a. interest rate

Integrated with flexible repayment features, the loan promises customers a hassle-free experience, alongside convenient options and smooth processing service

NBK enables complaint submission via NBK Mobile Banking App

AL Dakheel: Customer satisfaction is fundamental in NBK’s strategy and business practices

Oman Arab Bank continues its service enhancement program by reopening Nakhal branch

Under the patronage of Said Al Hakmani, Member of the Municipal Council of Nakhal

GFH reports a 29.5% increase in net profit

Attributable to shareholders for the first half of 2023 totaling $54.62mln

Bahrain Al Salam Bank's Q2 net profit up 47%

Profit growth driven by core activities

ADIB achieves strong growth with over £100mln in UK commercial real estate financing in the first half of the year

ADIB has been able to offer selective Islamic structured financing solutions to clients

Lesha Bank reports QAR 44.7 million profit in the first half of 2023

During the first half of 2023, fee and dividend income reached QAR 37.3 million.

Retail Banking