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

Doha Bank launches Doha Pay

The payments are accepted with a single tap at a wide network of Doha Bank POS terminals and also any contactless (NFC-enabled) machines across the state of Qatar or globally.

NBI becomes first Iraqi bank to start operations in Saudi Arabia

Abunayyan noted that the bank will have the opportunity to increase its market share in the total commercial transactions between Saudi Arabia and Iraq by providing services to strategic corporate clients and facilitating their commercial transactions.

Arab Bank launches “Tabeeb Plus” banking package for physicians

Providing them with a comprehensive and personalized banking experience as well as preferential banking benefits

NBK - Bahrain Reports a net profit of BHD 54.84mln (KD 44.68mln) in 1H 2022

Al-Sager: NBK-Bahrain’s profits reflect the success of the Group’s regional expansion strategy in supporting the Group’s profitability and mitigating risk

Ahlibank successfully completes issuance of RO 75mln Additional Tier 1 capital instruments

Comprising 50,000,000 Bonds, with a Green shoe option of up to 25,000,000 additional bonds

Turkey forces banks to slash commercial loan interest rates

The central bank cut its policy rate to 13%, even with inflation running at a 24-year high of 80%

Emirates NBD launches global call for metaverse start-ups to transform future of banking

Marking Emirates NBD’s first play in the metaverse, the accelerator programme positions the bank as a leader in the next phase of banking innovation

Suez Canal Bank’s profit rises to over $13mln in H1-22

The bank’s net interest income stood at over $43mln in the January-June period in 2022

Oman Arab Bank sponsors the Little Tourist Forum

Seeking to develop the skills of young children in the tourism sector

Al Ahli Bank of Kuwait – Egypt achieves net profit of over $46mln in H1 2022

According to the Bank’s announced results, the total assets grew by 8%

UAE banking system can withstand adverse scenarios: Central Bank

The CBUAE projects real GDP growth to further increase to 5.4% in 2022, supported by higher economic activity and higher oil prices

Ahli United Bank Egypt offers 8% cashback on 3-years Premium CD

The purchase of AUBE’s CDs and account opening services are available at its branch network of 40 branches nationwide

Building a strategic procurement function in retail banking

Retail banks can potentially face an array of challenges to their procurement function that may be hindering their ability to cut costs and increase their reach in the market.

Gulf International Bank achieves 121% in net profit for the first half of 2022

The second quarter provisions witnessed a release of $0.9 million, compared to a provision charge of $12.1 million in the second quarter of 2021

Oman’s Sohar bank eyes merger with HSBC

The board will keep the market updated as the matter progresses, it added.

SABB “Best bank for sustainable finance in the Kingdom” for 2022

SABB was chosen for this award based on a set of international standards in a variety of categories, including sustainable financing, community support, emerging market growth, and infrastructure

First Abu Dhabi Bank selects IBM Consulting as digital partner

Already partnering with IBM for years on multiple technology fronts, First Abu Dhabi Bank has now appointed ‘Big Blue’s (one of IBM’s nicknames) consulting division as a consultancy partner for its digital transformation journey.

EDB approves $653m in finance during H1; up 418%

The Board meeting was held for the first time in the Bank’s new headquarters in Abu Dhabi located in Mubadala Tower

Sohar International empowers wholesale banking clients

By introducing unified transaction banking digital services

Turkey’s banks are adopting Russian payments system: Erdogan

While Turkey voiced its opposition to Russia’s invasion of Ukraine, it has refrained from joining US and European sanctions on Russia.

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