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

Citi Completes Sale of Bahrain Consumer Banking Business to Ahli United Bank

Transaction Marks Completion of Fifth Divestiture as Part of Citi's Strategy Refresh

Corporate Banking Importance Highlighted in ADL Report

ADL Viewpoint calls for the primary focus to return to corporate banking for a few important reasons – an inflationary storm is ahead and CIB will be critically exposed to it and CIB is heavily impacted by environmental, social, and governance (ESG)

CBE approves in principle Abu Dhabi Islamic Bank Egypt’s Takka cards

CEO and Managing Director of ADIB Egypt Mohamed Aly said that obtaining the CBE’s approval for Takka cards reflects the trust in the bank and ADI-CF in the Egyptian market

Emirates NBD partners with Network International to launch Emirates NBD Pay

Emirates NBD has a long-standing relationship with Network International.

Commercial banks deposits reach QR965bn in Sept

The non-resident deposits in commercial banks in September this year amounted to QR203.75bn against QR227.29bn registering a decline of 28 percent on yearly basis and decline of 2.8 percent month-on-month.

“AUB” launches "EDGE" package with exclusive benefits

First of its kind in the Egyptian banking sector in terms of retail banking services.

Al Maryah Community Bank wins the Best Neo Bank Award in the Middle East

Pioneers in the financial services were honored at the MEA Finance Awards

BAB highlights role of banks in supporting recovery plan

The BAB Board of Directors elected Najla Al-Shirawi to the position of Vice Chairman.

UAE banks outperform lenders in US and emerging markets, EFG Hermes says

With strong fundamentals, the banking sector has bright prospects for future growth

StanChart sees Asia, Middle East as bright spots in weak global economy

StanChart, which operates in 59 countries with a focus on Asia, Middle East and Africa, is seeing its European and U.S. clients move more business to low-cost Asia.

QNB Group, Ajlan & Bros Holding strategic partnership to grow digital banking presence in Saudi Arabia

This agreement came as part of both Groups’ strategic plan to grow their digital banking presence and investments in Saudi Arabia.

Banque Saudi Fransi completes $700mln notes offering

The offering has yield of 5.5%

Dubai Islamic Bank and Al Ramz Corporation announce strategic alliance

The brokerage service was earlier provided through its subsidiary Dubai Islamic Financial Services (DIFS)

GCC retail sector set for 15.7% growth in 2022 but greater digital focus is needed: Alpen Capital

Qatar will see the highest growth in the region during 2022, with its sales expected to reach $18.5 billion

Chairman of Bank Leumi Promotes Economic Collaborations in the Middle East

"Leumi would be more than happy to establish joint ventures with like-minded banks from the region in order to advance the banking ecosystem and customer experience"

HSBC Oman board approves merger agreement with Sohar International

The merger is expected to complete in H2 2023

Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs

The loan forms part of the firm’s Private Sector Development Strategy.

Al Salam Bank's Ithmaar unit acquisition valued at $2.2bln

The full transition of Ithmaar Bank’s consumer banking services to Al Salam Bank is expected to be completed within 2022, Al Salam Bank has said

Al-Othman: Weyay Bank exceeded its customer acquisition goal by 300%

At the "MoneyTech" Summit, Head of Consumer Banking Group at NBK

GIB achieves 30% increase in Net Profit for the nine-month period ended 30th september 2022

GIB reported a net profit attributable to the shareholders of the bank amounting to $11.6 million

Retail Banking