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

Saudi Arabia to introduce faster interbank instant money transfers this month

New system will allow payments to be processed 24 hours a day and within seconds

HSBC's business clients in UAE can now make 'virtual' card payments

UK bank says it's a regional first and comes with promise of enhanced security

Doha Bank Achieves Net Profit of QR. 703 Million for 2020

At the same meeting, the BOD has decided to present a recommendation to the General Assembly to distribute cash dividends to shareholders for QR (0.075) per share.

Oman Development Bank grants loans worth over OMR120mn

Oman Development Bank continually seeks provision of the necessary services and products required for the development of the projects in the industry sector.

Bank Albilad 2020 net profit up 8% to $346.6m

In Q4 2020, the bank reported a net profit of SR 377.8 million, an increase of 16 percent year-on-year (YoY).

Qatar banks headed for more mergers

Pressure on profitability and common government ownership to drive consolidation

Qatar First Bank acquires '“Huntsman International' HQ in Texas

Waterway Plaza I is an immaculate and truly stunning Class A+ building located in the Woodlands, the most desirable suburban area of Houston.

Dubai’s largest bank positive about UAE equity markets in 2021

The UAE markets are at attractive valuations with the Dubai index at 12.3X and the Abu Dhabi Index at 14.7X forward earnings

Brand value of world’s top banks drops for 2nd year in row

In this year’s report, covering the period during the coronavirus pandemic, the total value was down 4 percent to $1.27 trillion.

GIB main partner of Saudi International golf tournament

The Saudi International is the third professional golf tournament to be held in Saudi Arabia, which reflects an effort to further establish this international game in the Saudi sports environment.

Al Rajhi Bank posts 4% profit rise to $2.82bn in 2020

The fourth-quarter net profit jumped 35 percent YoY to SR 3.121 billion.

RAKBANK reports net profit of AED 505.4 million for 2020

Bank's Full-Year 2020 Net Profit decreased by AED 589.9 million

Bank Nizwa’s wholesale banking records remarkable growth in 2020

“Bank Nizwa’s growing, multi-industry portfolio under its wholesale banking group is a testament of the trust our clients place in our services.

NCB plans name change to 'Saudi National Bank' after conclusion of intended merger with Samba

Proposed name reflects the creation of a National Banking Champion for Saudi Arabia through the merger of two of the country's leading banks

QNB among top 40 global banks by market cap

QNB was also recognised as the most valuable banking brand in the Middle East and Africa, increasing its brand value to more than $6bn in The Banker’s Brand Finance Global 500 2020 report.

QNB breaks into Top 50 in ranking of world’s most valuable banks

QNB breaking into the top 50 of Brand Finance’s ranking of the most valuable banking brands and recording an uplift in brand value is a particularly impressive feat given the turmoil that the sector is currently experiencing.

JoPACC launches platform to facilitate safe and secure payments

Qatar’s booming deals market aids recovery of retail businesses

Most recently, Talabat has also entered the deals market in the country with the launch of its talabat Dine (tDine) membership platform, which provides deals such as a daily buy one get one free, dine-in discounts and benefits at over 130 restaurants in Q

ADCB delivers 'resilient' performance despite testing times

Bank reported a 4% year-on-year drop in the fourth quarter net income but says long-term fundamentals remain strong

National Bank of Fujairah PJSC (NBF) Reports Year End 2020 Results

Strong capital position and ample liquidity coupled with effective cost management and prudent provisioning place the bank well for a rapid recovery

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