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

KIB receives the “Best Retail Banking Product” 2024 Award from World Finance magazine

Commenting on the Bank’s latest recognition, which came as part of the magazine’s 2024 Islamic Finance Awards program

EG Bank’s consolidated profits jump 93% YoY in H1 2024

Net interest income climbed to EGP 2.609 billion in H1 2024 from EGP 1.768 billion in H1 2023

QNB Group named ‘World’s Best Bank for Emerging Markets in 2024’

QNB has consistently emerged as a leading bank for these markets supported by its global outreach and expertise towards achieving its vision to become a leading bank in the MEASEA region.

Capital Bank wins “Best Mobile Banking App in Jordan 2024” award from International Business Magazine

This achievement reflects Capital Bank’s ongoing efforts in innovation and the enhancement of its digital services

Kuwait's Warba Bank lists USD 500 mln Sukuk at Nasdaq Dubai

This listing is of particular importance as it is the first-ever issuance of sustainable Sukuk in Kuwait

Sohar International revamps its call center IVR system to enhance the customers’ digital journey

Customers can now access the bank’s call center through various communication channels, including web chat

KIB signs innovation cooperation agreement with the Australian University

The new agreement reflects the Bank’s commitment to its comprehensive social responsibility strategy, providing full support to educational institutions

Saudi bank loans increase by 11% to hit $734bn

SAMA revealed corporate credit accounted for 53% of total lending in June

NBK provides a detailed presentation of the ‘Let’s Be Aware’ campaign to the interns of ‘NBK Aspire’ 2024

In line with its dedication to promoting banking awareness among all sectors

Western Union expands remittance services in Banque du Caire branches

The partnership aims to attract diverse customer segments, supporting financial inclusion and diversifying foreign currency sources within the banking sector

UAE banks' gross assets jump 10.8% in May

The apex bank data showed that gross credit grew 0.7 percent

BankDhofar launches an exclusive credit card for ladies banking

This card not only offers the standard benefits of a Visa card but also includes a range of exclusive perks tailored to meet the needs of the Bank’s women

QNB holds workshop with Snapchat to enhance bank's digital engagement strategies

The workshop came as a part of the bank’s efforts to develop its marketing strategy and communication plans.

Kuwaiti lenders Boubyan Bank and Gulf Bank weigh merger

Boards of Boubyan Bank and Gulf Bank have approved the proposal

CBD launches core banking services for virtual asset service providers

CBD has also successfully onboarded Laser Digital as the first VASP to benefit from its services.

SAB becomes first bank in KSA to receive local content certificate

This recognition testifies to SAB's exceptional services and highlights its strength and diversity in catering to its customers' needs with efficiency and innovative solutions.

RAKBANK Income, Profit & Balance sheet growth continues into 2024

Operating Income for Q2’24 was at AED 1,174M, reflecting an increase of 6.6% YoY.

BankDhofar gets closer to its customers at Sohar with two new branches

Bank Dhofar is committed to providing specialized banking solutions to all segments of society including women, children, minors, youth, affluent and ultrahigh networth group of customers.

Arab Bank Group's H1 profit surges 25% to $503mln

Arab Bank said its net assets grew by 5% to hit $68.7 billion

Commercial Bank of Dubai introduces core banking services for virtual asset service providers

This pioneering initiative underscores CBD's commitment to fostering innovation and supporting the growing digital asset ecosystem in the region