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

Burgan Bank's working hours during New Year's Holiday

Airport Branch will resume normal working hours during the holidays from 8 am till 7 pm

Bahrain central bank asks banks to extend loan repayments for six months more

Bahrain central bank said banks should keep the instalment amount unchanged and not increase profit or interest rates on such loans

Fitch affirms Commercial Bank rating at ‘A’ with stable outlook

Commercial Bank’s strong commercial banking franchise is underpinned by established public and private corporate relationships.

Al Baraka Banking Group holds its Second Annual Forum for the Shari'a departments of its Units world wide

The opening session of the forum was chaired by Mr. Adnan Ahmed Yousif, President & Chief Executive of Al Baraka Banking Group, and was attended by each of the executive departments of the Group and the CEO of Al Baraka Islamic Bank Bahrain, Mr. Hamad

Jordan's Capital Bank buys assets from Lebanon's Bank Audi

The agreement comes after securing the necessary approvals from Jordan's Central Bank and the Central Bank of Iraq: Jordan's Capital Bank Group Chairman

Gulf Bank to pay Sh2m for discrimination

His lawyer Yussuf Bashir argued that there was no justification for closing his account as he was not among the entities listed in the US Department of Treasury’s Office of Foreign Assets Control Sanctions list.

ADCB reveals business strategy in Egyptian market during coming period

Bank aims to increase capital to comply with new banking law, expand geographically, achieve 25% growth rates in 2021, says CEO Ihab El Sewerky

Saudi banks’ profitability pressures to spill over into 2021

Late reporting of impairments to result in delayed asset quality issues

UK's Sainsbury's picks National Bank of Oman for Middle East operations

Retail giant setting up operations hub in Sultanate to access 1.4bln consumers

Ahlibank celebrates 'Long Service Awards'

At Ahlibank, we understand the value and importance of human resource development, and we will continue to ensure our employees are recognised and appreciated for their efforts and hard work.

Commercial Bank shines in Kuwait, receives Social Responsibility Award

The video and the song reflect a patriotic and nationalistic feel and convey the message of “staying at home is a national duty” with an upbeat yet serious rhythm.

Qatar commercial banks assets total QR1.65tn in November: QCB

The commercial banks' credit growth seemingly supports the Qatar Financial Centre's purchasing managers' index that said the country's non-energy private sector economy continued to expand towards the end of 2020.

National Bank of Oman upgrades its CIB platform with the Arabic language

All of these can be done in a few clicks. Accessible 24/7, the frequently-updated digital service is enhanced by the bank’s expertise and customer experience.

QSE settles lower despite local retail investors' bullish pressure

Islamic equities were seen declining relatively faster than the conventional ones on the market, whose capitalisation, nevertheless, saw QR43mn or 0.07% jump to QR607.57bn, mainly on microcap segments.

QIIB wins ‘Qatar’s Most Innovative Islamic Retail Bank’ award for 2nd year

The Islamic Retail Banking Awards Committee “expressed appreciation of QIIB’s significant efforts in providing innovative products and services to its customers that align with the best international standards in the financial sector.

al khaliji supports QAS

A combination of genetic and environmental factors impact the development of autism, which is frequently accompanied with medical issues such as gastrointestinal disorders, seizures and sleep disturbances.

Western Union buys 15% stake in Saudi Telecom's digital payment unit

Western Union, the world's largest money transfer firm, has acquired a 15% stake in the digital payment unit of Saudi Arabia's STC Group for $200 million.

Saudi banks’ profitability improve on lower provisions and higher income

Loans and advances in Q3 grew at a faster pace than Q2 despite economic challenges

Dukhan Bank names Thara’a draw winners

The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry.

QNB launches offer on National Day in partnership with MOQ

In addition, QNB First and Private Banking customers can take advantage of other benefits when making their purchases during the same period at the participating stores.