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

Qatar National Bank 2021 profit up 10% driven by loan growth

Its 2021 net profit rose to $3.6bln

Saudi Arabia .. The biggest merger of the Bank and the Financial Group has come to an end

This merger process involves 5 key axes, including the exchange of accounts of individual clients and corporate clients, Treasury Department clients and NCB Capital.

NCB, Samba complete final phase of merger creating Saudi Arabia’s largest bank

SNB concluded the last phase of the transaction in a record time, within nine months since the process started on April 1, 2021, making it the region’s largest and fastest merger.

Alizz Islamic Bank joins first Waqf Forum

The forum aimed to provide a platform for Waqf foundations, experts and advocates to meet and discuss the promotion of this sector.

Banks public sector deposits grow 12% in Nov

Qatar’s commercial banks registered 8.9 percent and 7.8 percent rise annually in total deposits and total credit facilities.

Saudi Fransi, MasterCard launch cash back credit card

Rapid digitization has influenced customer trust and engagement with both nontraditional and traditional financial players.

GDP to grow by 5.5% in 2022, Bank of Israel predicts

The bank is in no hurry to increase the interest rate

NBK recognized as best trade finance provider in Kuwait

Criteria for choosing the winners included transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies

HSBC acts as sole ESG structuring agent for Saudi National Bank's sustainable finance framework

SNB's Sustainable Finance Framework consists of four main pillars: promoting sustainable financing; preserving the environment; empowering individuals and communities, and promoting principles of ethical governance

ahlibank's 'Al Nukhba' account enhances its premium banking portfolio

Al Nukhba brings with it an advanced and personal banking experience that keeps pace with customers' lifestyles and expectations

Saudi Alinma Bank's board recommends $211.7mln cash dividends for H2

Alinma didn't disclose the date of when the dividend will be deposited into shareholders' accounts

NBB wins major global awards

NBB achieved several strategic milestones

Bank Nizwa recognized as the 'Strongest Islamic Retail Bank in Oman for 2021'

The award was received by Mr. Arif Al Zaabi, AGM- Retail of Bank Nizwa, on behalf of the bank

Doha Bank donates QR100,000 to Qatar Red Crescent’s ‘Warm Winter’ campaign

Consistently recognised for its commitment towards social and environmental causes

Banque Saudi Fransi proposes dividends for H2-21

Representing 8.5% of the capital

QNB, Visa launch ‘Date to Remember’ campaign to celebrate Qatar National Day

The campaign provides a good combination of popular and valued benefits with monthly and daily prizes.

QNB gets ‘Strongest Bank in the Arab World 2021’ award

The prestigious award recognizes the Group’s strong financial performance, asset growth and successful business strategy, cementing its leadership in the banking sector in the region.

QNB receives 'Strongest Bank in the Arab World 2021' award by WUAB

This annual award aims to value the efforts of the Arab banking and financial institutions to provide innovative services and solutions, and to improve digital customer experience.

HSBC Egypt launches EGP 3bln Foras Trade Fund for Small and Medium Enterprises

The Fund is open to new and existing customers with cross border trading requirements or those that aspire to grow especially in the industrial and service sectors

Emirates NBD awarded prestigious LEED Gold V4 ID+C:CI certification in Saudi Arabia

Bank also leads MENA region as first to secure LEED® Gold-certification for branches

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