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

EDB partners with Mashreq Bank on Credit Guarantee Programs for SMEs in UAE

The MoU is part of EDB’s focus to enhance the contribution of SMEs to the country’s GDP

Union of Arab Banks honours QIIB as ' Best Digital Bank in Qatar'

The award also came in recognition of the bank’s ongoing efforts in the field of innovation and the use of banking technology to enrich the Islamic banking experience and search for new tools that meet the requirements of customers and leverage the

Ithmaar says planned sale of Bahrain banking ops to BBK has been abandoned

Two entities signed a memorandum of understanding in September last year to press ahead with the acquisition

Saudi Arabia offers EGP 270m to 3 Egyptian banks for MSME finance: Mashat

The committee has decided that Banque Misr would benefit from its financing, and will receive EGP 70m to finance machinery and equipment for factories. This includes transport means for the activity, equipment and medical devices for laboratories and hosp

StanChart starts offering banking services from Saudi branch

Standard Chartered was among other banks recently hired to lead energy giant Saudi Aramco's inaugural dollar sukuk issue that raised $6 billion.

QNB continues to lead The Banker’s list of ‘Top 1000 World Banks’, ranked first in the Middle East and Africa region

Largest financial institution in the Middle East and Africa

Commercial Bank receives customer service award

Adding this new award to Commercial Bank’s recent accolades and success stories, the Bank continues to delight customers and the whole country with creative ways of banking.

Emirates Development Bank and FAB partner on credit guarantee, co-lending program for SMEs in UAE

Under the agreement, FAB will offer up to Dh100 million financing to SMEs

Kuwait's Ahli United Bank rings Nasdaq Dubai bell to celebrate listing of US$ 600 million Sukuk

The successful listing of AUB's Sukuk underlines the close ties between the capital markets in Kuwait and the UAE

Emirates Development Bank gets into debt finance to fund more UAE businesses

The proceeds would go toward supporting companies in sectors considered a priority for the economy.

Bank M&A set to surge in Saudi Arabia

The $15 billion merger that created Saudi National Bank is tipped to kick-start a cycle of consolidation in the Kingdom’s banking sector.

NBB Group announces deployment of the first Virtual Cyber Fusion Centre in the region

Through the deployment, the Group enabled itself with cyber threat intelligence feeds to all its assets using Cyware Threat Intelligence eXchange

Doha Bank wins 'Best Commercial Bank in Qatar' at World Business Outlook Awards 2021

Doha Bank’s net profit during the first quarter of 2021 reached QR380m, showing an increase of 17.3 percent when compared to the same period in 2020.

Fitch revises Saudi National Bank's outlook on lender's resilience and improving environment

Strong financing growth will continue to support the bank's metrics in 2021, the rating agency says

Banque du Caire reports EGP 1bn in net profit in Q1 2021

Bank continues positive business results supported by ambitious plans, strategies it was keen to implement for over 3 years, says Tarek Fayed

Emirates Development Bank signs agreement with Peer-to-Peer Platform

Bank allocates Dh30 million financing through Beehive for SMEs

Abu Dhabi Commercial Bank shareholder sells $300m stake

The deal represents 2.4 percent of the bank’s market value, according to Asharq.

QNB named ‘Best Sub-custodian Bank in Qatar’

On the other hand, the Bank was keen to embrace good corporate governance and best practices, contributing to high investment returns and enhanced long-term sustainable growth opportunities in the regional markets where it operates.

3,000 bankers in Lebanon have lost their jobs since 2019 crisis

“The sector is dead. It doesn’t lend, it doesn’t make profits,”

Bank of Sharjah announces financial results

For the period ended 31 March 2021

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