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

Qatar banks’ net profit zooms to pre-pandemic levels

Stable NIMs reflected a decline in asset yields in the current lower interest rate environment – to 4 per cent from 4.5 per cent

NBB announces "Al Watani saving scheme" monthly winners for July 2021

The draw was held at the bank's main office on the 15th of August, and attended by representatives from the Ministry of Industry, Commerce & Tourism, and External Auditors

Dukhan Bank brings Apple Pay to customers

Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places.

QIB wins "Most user-friendly mobile banking solutions" award from International finance magazine

QIB has launched its all-new version of its award-winning Mobile App, creating a simplified and more engaging user experience

Arab Bank "Best Bank in the Middle East 2021"

For the Sixth Consecutive Year

QNB, Visa launch credit card spends offer for extra life rewards points

QNB and Visa are strategic long terms partners and have created best in class payment products that comes with a host of benefits and privileges including complimentary airport lounge access, travel insurance benefits and discounts in both Qatar and abroa

Al Baraka Banking Group records a net profit of US$ 53mln attributable to shareholders, for the first half of 2021

Records US$ 27 million for the second quarter of 2021

Ithmaar Bank announces half-year profits Customer deposits continue to grow remarkably

The announcement, by Ithmaar Bank Chairman His Royal Highness Prince Amr Al Faisal, follows the review and approval of the Board of Directors of the Bank's consolidated financial results for the six-month period ended 30 June 2021

Bahrain's ABC triples Egypt market share with BLOM unit takeover

The deal is expected to conclude in the first quarter of 2022.

Bank ABC announces 1H 2021 results with a net profit of US$55mln

Attributable to the shareholders of the parent

QDB announces start of applications for Jahiz initiative

Jahiz offers a specific incubation period at competitive discounted prices that suit everyone, in addition to 40 fully equipped industrial facilities that provide services in the best possible way.

'KHCB' reports net profit of BD6.007mln

Attributable to the Bank's Shareholders in the first half of 2021

Bahrain’s Bank ABC buys 99.5% of Blom Bank Egypt

Bid to acquire Lebanese lender for $427m was approved last month

Ajman Bank Reports Dh61.9 Million Profit In The First Half Of The Year

This positive trend was also reflected in the increase in the bank’s net operating income of AED 331.9 million for the first half of 2021 achieving an increase of 19% compared to the first half of 2020’s net operating income of AED 278.9 milli

Saudi National Bank reports 1.4% increase in first-quarterly profit after merger

The bank’s financing and advances portfolio rose to SR503 billion from SR316 billion, while customer deposits were SR588 billion compared with SR380 billion a year earlier.

Emirates NBD wins two major titles at Euromoney Awards for Excellence 2021

Bank retains 'Best Bank in the UAE' title for seventh consecutive year

Egypt's central bank keeps key interest rates unchanged - statement

The committee kept the overnight lending rate at 9.25% and the overnight deposit rate at 8.25% for a sixth consecutive time, after cutting rates in September and November

NBO and Alshaya partner to give cardholders major discounts

NBO’s suite of credit, debit and prepaid cards offer cashless convenience, tailor-made to meet the needs of its customers.

Israel's Hapoalim ready to resume regular dividends after one-time payout - CFO

The European Central Bank has lifted restrictions on bank dividend payments and share buybacks beyond September.

QIB second top bank in Qatar, 20th bank in ME

Total assets of the bank now stand at QR184bn, higher by 5.4% compared to December 2020 and a growth of 10.9% compared to June 2020.

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