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

UAE Central Bank cancels insurance broker’s registration

Recently, the institution also imposed financial sanctions on exchange houses for violating the laws and regulations of the country

International gangs, apps hit Kuwait – Bank accounts targeted

Despite the repeated warnings of the Ministry of Interior over the past month about remote access applications, victims are still falling every day until the total number of complaints received by the Public Prosecution exceeded 300 complaints pertaining

Burgan Bank Assigns the responsibility of managing the Financial Institutions Department to Mr. Mohammed Najeeb Al-Zanki

Mr. Al-Zanki joined Burgan Bank in 2010 and held the position of Senior Corporate Relationship Manager until 2015

CBE warns of misuse of bank cards, fraud to obtain foreign exchange without need for it

We monitored the use of some credit, debit cards in operations abroad, despite their holders being inside the country: CBE

Last chance for registration in award winning 'Tamakan' training program supported by NBK

For the fourth year in a row

Central Bank of Egypt sets new measures for fraudulent and abusive use of credit, debit cards overseas

The Central Bank of Egypt (CBE) has set new measures meant to ban the fraudulent and abusive use of credit and debit cards outside the country.

First Abu Dhabi Bank teams up with ports, customs, freezones for cashless payments

Bank says it is a step towards Dubai’s shift to cashless economy

Commercial Bank names first two winners in ‘We’re Seeing Double’ campaign

Four more lucky winners will get the chance to win their salary or personal loan repayment paid for 12 months, in two more draws to be held on February and April 2023.

ADIB receives the e-Marketplace Champion Award from blockchain-powered e-Marketplace TradeAssets

Around 130 deals are secured through the platform with total value of closed deals till date is over USD 128 million

UAE banks’ credit fundamentals strong for 2023

Analysts at Fitch expect impairment charges to “fall further on the supportive macroeconomic backdrop and recovering real estate prices, and capital buffers will remain adequate.”

Ahlibank’s “ahliExpress” provides 24/7 digital services

This multi-functional device caters to the demand for express banking services

Banks roll out offers for QND

Qatar National Bank (QNB) launched exclusive National Day promotion on loans.

Emirates NBD extends footprint with new Jeddah branch

Located on Tahliah Street in Al-Andalus District, the new site is Emirates NBD’s second branch in Jeddah.

National Bank of Fujairah welcomes the latest group of Management Training Programme participants

Now in its 11th edition, initiative is in line with Emiratisation aspirations for the banking sector and the National Employment Strategy 2031

UAE Banks Federation raises awareness on bank fraud through national campaign

Heavy investment by banks on anti-fraud measures says Jamal Saleh, Director General, UBF

BisB Launches Tejoori Activation at City Centre Bahrain

With the aim of rewarding its customers and creating a unique banking experience

Saudi retail banks to outperform GCC peers in revenue growth: Boston Consulting

This is higher than the Gulf Cooperation Council countries — the UAE, Saudi Arabia, Kuwait, Bahrain, and Qatar — as a whole, which are forecast to see an 8.8 percent CAGR within the same period to 2026.

ADIB wins 'Bank of the Year - UAE' award

This recognition comes as ADIB continues to build on its record of innovation and Sharia-compliant products

NBK Named “Bank of the Year in the Middle East” for 2022

The award demonstrates NBK’s resilient business model and solid financial position

Commercial Bank clinches ‘Leading Corporate for Investor Relations’ award

The award demonstrates Commercial Bank’s commitment and dedication to provide the best practices in investor relations and serves as a testimony to Commercial Bank’s efforts to provide transparent and high-quality disclosure to all stakeholder

Retail Banking