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

Saudi Social Development Bank plans to boost lending

The lender has a budget of $2.93bln this year according to CEO Ibrahim Al-Rashed

Fidelity Bank Embarks On Strategic Growth, Expansion

This will be achieved by deepening the skills and competencies of staff across the bank, entrenching a culture of high performance, and embedding new ways of working in the bank.

QNB expands its footprint in Asia with Hong Kong branch opening

Hong Kong is the gateway for the Group's clients to Mainland China and wider Asia. It is a major trade hub accounting for USD 1,077.5 billion in imports and exports

Sharjah Chamber, Emirates Development Bank sign MoU to support industrial & SME sector

Moreover, the SCCI's 'Sadr' Fund will also offer the necessary liquidity to exporters and reduce risks in export operations through credit protection

Ithmaar Bank wins Mastercard award for Best Loyalty Programme

The prestigious annual award was presented to Ithmaar Bank in recognition of its successful, customer-focused credit card rewards programme, Ithmaar Rewards

Qatar National Bank's half-year net profit up 6% as loans expand

Loans and advances grew 6%

National Bank of Kuwait Releases Fifth Full Sustainability Report, Continuing Its Middle East Corporate Sustainability Leadership

NBK also both reduced paper use and recycled nearly 100 metric tons of paper, lowering its GHG emissions by 615 metric tons just from those two efforts alone.

Commercial Bank of Dubai recognized with "Best Bank in Digital Loyalty" award by Union of Arab Banks

In its second edition, the Arab Digital Banking Excellence Awards aims to recognize those Arab banking and financial institutions that have achieved high effectiveness in providing digital financial services, and have created distinct digital strategies t

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

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