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

ADIB participates in its first green finance deal in KSA with $61 million green financing provision

A group of banks provided green finance worth $480mln for three independent sewage treatment plants in Saudi Arabia

NBE, Banque Misr issue 18% saving certificate

Banque Misr will offer the fixed-return rate Talaat Harb certificate

HSBC partners with INJAZ Egypt to expand in 4 countries

The program helps young people aged between 12 and 16 to raise their financial awareness and boost their self-confidence.

NBK-Bahrain reports net profits of BHD 117.68mln (KD 94.57mln) for 2021

NBK-Bahrain’s profits reflect the success of our strategy for expansion and diversification of income sources

Dukhan Bank posts QR1.19bn net profit in 2021

Dukhan Bank’s strong asset liability management capabilities enabled it to improve its financing to deposits ratio to under 98% from above 100% at end- 2020 reflecting the improvement in the Bank’s overall liquidity position.

Kuwaiti banks record highest budget ever in 2021

Kuwaiti banks’ financial statements for 2021 confirm the resilience and ability of the sector to overcome crises and continue to serve the national economy without interruption, said Mohammed Al-Hashel, governor of the central bank.

Commercial Bank of Dubai the first bank to host its AGM at Expo 2020

CBD was the first bank to host its AGM at Expo 2020 reflecting the Bank’s commitment to support the United Arab Emirates

Qatar Central Bank raises Repo Rate by 1.25%

QCB also decided to maintain the QCB deposit rate at its current level of 1 percent and maintain the QCB lending rate (QCBLR) at its current level by 2.50 percent.

SunTec urges UAE and GCC banks to shift towards ‘lifestyle banking’

The company shared its vision during the EFMA World Retail Banking Summit

Burgan Bank promotes smarter financial habits through its Personal Finance Manager Tool

The PFM tool offers a host of features that enable customers to keep track of their spending habits

Lebanon's Fransabank says cannot execute cash transactions

This week's judicial order resulted from a case brought by a man who was seeking to unlock funds trapped in Lebanon's banking system since 2019

Arab Bank offers housing loans at the Gulf Property Show

Arab Bank’s housing loan program is open to Bahraini’s and expatriates, and offers a host of benefits that include quick loan application processing time and preferential interest rates

Bank of Bahrain and Kuwait B S C : Competitive Loans that meet your needs from BBK

BBK is keen on granting loans that are highly competitive

NBK’s AGM approved distribution of 30% cash dividends and 5% bonus shares

Held with a 75.46% attendance and approved all BOD’s recommendations

QIB introduces Corporate Online Account Opening through its website

QIB Team will then verify if the application is complete and meets all the requirements

FAB to expand MENA footprint, strengthen regional trade links with Iraq

The UAE is one of Iraq’s most important trading partners, with the value of exporting goods totalling over $13.11bln in 2020

Abu Dhabi’s FAB to open representative office in Iraq

Office to primarily service sovereign and govt-related entities, financial institutions

Saudi Social Development bank gives $2.9bln in loans in 2021

Over 60 percent of the bank's loans were used to finance freelance work and small businesses

Egypt's Central Bank to launch online services project

With this project, citizens will be able to access all banking services in real time

Bahrain’s bank sector to benefit from higher rates, credit expansion - S&P

External debt could prove vulnerable to domestic or regional stresses