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

Saudi Banks Boost Main Stock Index Amid Recovery Bets: Inside EM

Tadawul All Share Index advances as much as 0.9% on Sunday

Saudi Arabia backs Egypt’s digital future, crafts with $6.4m grant

The bank’s portfolio in the medium, small and micro enterprises sector is worth about $600 million

Emirates NBD adjudged Best Retail Bank in the Middle East once more

The awards are testament to our customer-first philosophy and continued commitment to advancing digital banking innovation.

Bank ABC announces its Q3 and nine months 2020 Results

The year to date Net Loss attributable to the Shareholders of the Parent was US$56 MUS$67m at end of H1, continuing to be affected by an increase in Loan Loss Provisions largely related to a major fraud case and Covidillion, improved from -19 impact

Ithmaar Bank announces third quarter results

Continues its focus on customer-centric growth

BisB wins top Islamic banking award at Finnovex

BisB has continued to drive digital transformation in the financial industry, establishing itself as a pioneer of the Islamic finance industry and the leading provider of Sharia-compliant integrated financial solutions in the Kingdom of Bahrain.

Dubai's Emaar Malls reports net profit

Outlook for the remainder of the year remains positive as footfall gradually normalises in the properties

Mashreq posts $95.8mln net profit for 9 months

Maintained sufficient liquidity to offset market volatility and pandemic uncertainty

Bahrain Development Bank enhances financing activity to support SMEs

The bank is investing heavily in digital capabilities to drive customer centricity

Mashreq Bank's nine-month 2020 net profit down to Dh352m from Dh1.76b

On plus side, Dubai bank reported lower non-performing loans compared with second quarter

ila Bank launches a travel campaign

With customers increasingly opening multi-currency accounts and saving for travel plans through “Hassalas”, ila’s savings pot feature, this travel campaign complements ila’s existing intuitive offering which mirrors its users

Adyen to expand into the Middle East, opens Dubai office

This will enable Adyen's existing merchant base to easily move into the region and provide merchants from the region with access to the full strength of the Adyen platform.

Alinma Bank signs acquiring agreement with JCB International for local acceptance in the Kingdom of Saudi Arabia

Alinma Bank's extensive reach in the market will ensure that JCB cardholders will be able to use JCB Cards at their convenience.

Banks in Qatar investing heavily to ensure safe online banking

The number of online transactions and digital payment volumes has been growing increasingly.

MEPCO renews $53.33mln loan deal with Saudi Bank Albilad

The company will use the loan to finance its working capital

Banks’ credit witnesses growth in September

With fall in COVID-19 cases government has gradually eased restrictions imposed on commercial activities to limit the spread of coronavirus.

Top UAE banks report lower Q3 profits on higher impairments

However, performances were well within guidelines and market expectations

NBK organizes a physical activity awareness program for employees

To Promote Good Physical Health

UAE’s net investments in non-financial assets up at Dhs32.2 billion in H1

FTS is a funds transfer mechanism in the UAE wherein transfer of money takes place from one bank to another through the UAE’s Central Bank system.

Abu Dhabi Commercial Bank centers its attention to local marketplace

This move follows the bank's decision to sell the greater part of its banking portfolio in India to DCB Bank Ltd.

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