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

Kutayba Y. Alghanim announces sale of Gulf Bank stake to Warba Bank

This transaction concludes Kutayba Y. Alghanim’s longstanding investment in Gulf Bank

Kuwait’s Warba Bank to acquire nearly 33% stake in Gulf Bank

The transfer of the shares will be completed upon obtaining the necessary approval from the regulatory authorities

Saudi banks’ money supply hits $786bn, time and savings deposits share at 15-year high

The rise reflects strategic measures by local banks to navigate strong loan demand while attracting funds to stabilize their balance sheets.

Egypt to receive $1.2 billion as part of IMF programme in January

Egypt is expected to receive later this month another disbursement from the IMF as part of an $8 billion programme, its finance minister has said.

KIB continues to provide the best auto financing deal in collaboration with Al Sayer

Offering financing benefits for Toyota and Lexus vehicles in Kuwait

National Bank of Egypt Shines with Multiple Wins at the Global Business Review Magazine Awards 2024

The National Bank of Egypt wins prestigious accolades for its innovation, customer focus, and sustainable practices.

Qatar commercial banks’ assets surge by 4.3% to $549bln

The official data revealed that there was also a surge of 5.6 percent in the total domestic deposits on yearly basis

Commercial Bank honoured as ‘Best Bank in CSR’ in Middle East by World Finance

By aligning our operations with the social, environmental, and community-driven goals of Qatar, we not only contribute to Qatar’s sustainable development but also create value for our stakeholders.

BankPozitif’s Chairman Dr. Erkan Kork: “Our Economy is Advancing with Steady Steps Towards a Bright Future”

I believe that we will continue to remain in a strong position in the new year.

National Bank of Fujairah PJSC augments its capital composition

With the conversion of the additional tier 1 capital securities into share capital

Qatar's banking sector embraces innovation, technology for promising future

The banking sector is leading a transformative journey.

Egyptian Banks Report Net Profits of EGP 426.9 Billion in 2024

During the first nine months of 2024, the top 10 banks contributed 79.73% of these profits, generating EGP 340.411 billion.

GCC debt capital market reaches $1tn in November: Fitch Ratings

Qatar is among developed debt capital markets, Fitch noted in a report

Saudi banks report 24pc profit growth

This growth followed SAMA's decision to implement a 50-basis-point interest rate cut in September, which mirrored the US Federal Reserve's shift toward a more accommodative monetary policy.

NBK introduces ‘AFAQ’ - GCC’s unified payment system on mobile banking

To enhance customer banking experience by providing top-notch innovative digital services

‏EdfaPay obtaines the technical license as a soft-POS technology provider from SAMA

To provide advanced and secure for business and freelancers

Gulf Bank’s year of distinction with 13 global and regional awards in 2024

This year, Gulf Bank was recognized among the *Top 100 Listed Companies in the Region* by Forbes

Egypt parliament approves $2bn loan from regional banks

Finance Minister Ahmed Kouchouk addressed lawmakers, stating that the government is repaying previous loans in larger installments than agreed.

Kuwait’s Burgan Bank to take over United Gulf in 2025

The bank has received clearance from the Kuwaiti central bank to buy a 100 percent stake in United Gulf Bank, KIPCO Group said in a regulatory filing on Boursa Kuwait on Thursday.

Al Salam Bank announces platinum sponsorship of CPISP

Together, we look forward to continuing the success of this program and creating a meaningful impact for future generations.

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