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

Kuwait Finance House Bahrain Rewards New Credit Cardholders With Double “Walaa Baytik” Loyalty Points

The eligible credit cards for this campaign include the Classic, Gold, SmartPay, and Signature.

Saudi Arabia achieves new milestone in banking sector

It is bound to be profitable for shareholders, with estimated synergies worth SR800 million.

NBK Organizes a Webinar Themed “Credit Cards and Latest Fraud Schemes”

NBK launched its account on Clubhouse social media platform, making it the first bank in Kuwait to launch an account on the new audio-chat social media app.

GCC banking provisions reached record highs of $20bln last year - Kamco Invest

UAE banks reported the first drop in customer deposits in 16 quarters

Al Salam Bank opens its flagship branch in Hidd

The new flagship branch features a dedicated Al Ruwad Business Center, and provides 24/7 banking services via self-service kiosks

Emirates NBD reports steep increase in contactless payments

Bank wins international recognition at Visa's Global Service Quality Awards.

ahlibank approves cash dividend of 5 baisas per shar

The shareholders also approved the distribution of cash dividend of 5 baisas per share.

Additional Financing for "Mazaya" applicants from BBK

In addition to providing BBK customers with the option to obtain a Mortgage loan through the Mazaya Financing Scheme

NBB announces partnership with Comarch for its digital customer loyalty platform

The partnership aims to bring groundbreaking digital technologies focused on creating an eco-system that brings innovative solutions to the bank's retail and business clients

Dubai's Emirates NBD is said to raise Gulf's first sustainable loan

Nearly 20 banks are participating in the loan, the people said.

Commercial Bank wins ‘Best Bank in Qatar’ Award by Global Finance

This year’s evaluation of banks was exceptional in Global Finance’s 28-year history, given the unprecedented economic conditions wrought by the global pandemic.

Insurance and Banking Market Global Analysis 2021-2028

The Insurance and Banking market report also offers the detailed analysis on the present state of the market with the help of reliable market numbers.

Qatar commercial banks' total assets grow 8.84% y-o-y to QR1.7tn in Feb

Total domestic assets were seen expanding 9.22% and foreign assets by 6.44% year-on-year in February 2021.

Doha Bank successfully closes new bond issuance with strong investor demand

The success of this transaction came on the back of a two-day marketing strategy aimed at updating international and regional investors with Doha Bank’s strategy and financial performance.

Saudi banks set to outperform their regional peers in 2021-2022

By 2022, we expect the expiry of OPEC+ quotas and higher oil prices to boost economic activity to close to 3 percent.

Commercial Bank to hold webinar on investment opportunities in Turkey

During the event, Project Director for the Mena Region at the Investment Office of the Presidency of the Republic of Turkey, Abdullah Deniz will also present the investment options in Turkey

Saudi Bank AlBilad to issue $800mln riyal-denominated sukuk

Offer may also include an option for the holders of the $533mln sukuk, due in 2026, to exchange their investment for the Tier 2 sukuk

Al Baraka Banking Group Holds its Annual General Assembly Meeting

The General Assembly then reviewed the Corporate Governance Report in accordance to the Central Bank of Bahrain regulations in this regard.

Dukhan Bank ratings reflect Qatari economy's strength and robustness: Chairman

The best banks are selected based on evaluation of long-term ratings from international credit rating agencies: Moody's, Standard&Poor's, and Fitch; as well as the quality of the banks' financial performance.

Bank Muscat AGM approves 25% cash dividend, 10% bonus shar

At the meetings, shareholders agreed to increase the authorised capital of the bank to OMR450 million from OMR350 million previously.

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