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

Al Salam Bank Bahrain Launches Its Latest Personal and Property Financing Campaign

The second period will take place during the holy month of Ramadan, where the bank will announce weekly winners a total of 4 winners.

QIB named ‘Best Islamic Bank in Qatar’ for 4th consecutive year by EMEA

The award marks QIB’s strong financial performance and the successful implementation of its business strategy.

Qatari banks Masraf Al Rayan and Al Khaliji set for merger

The merger agreement is conditional on, amongst other things, obtaining regulatory approvals and upon the requisite resolutions being passed by the shareholders of Al Rayan and Al Khaliji

Qatar banks' funding, liquidity profiles to get boost from end to blockade: Fitch

Some banks replaced some of their price-sensitive deposits with interbank borrowings in 2020 to reduce their cost of funding and alleviate the pressure on margins due to the coronavirus pandemic

Abu Dhabi’s Top Bank Follows Dubai Rival to Dollar Bond Market

Gulf banks are joining a wave of global borrowing after yields crashed following unprecedented stimulus by authorities to keep economies afloat during the coronavirus pandemic.

Bank deal creates second-largest lender in Qatar

The deal between Masraf Al Rayan and Al Khalij Commercial Bank is valued at 8.2 billion riyals ($2.2bn), according to Bloomberg data.

Mashreq may move jobs to India, Egypt or Pakistan to save costs

Relocation plan expected to be completed in three phases by October this year

Central Bank of Egypt directs for accelerating financial transfers

Intra bank transfers to be carried out in 2 hours, while interbank transfers in 3 hours

Emirates NBD confirms $750mln senior bond issuance

The bond will mature in January 2026

SAIB Bank offers 20% cashback to credit card holders

The new campaign enables all credit card holders to receive 20% cashback when using the cards in purchases during the month of January

Jordan’s banking sector assets reach $79.5 billion in Q3 2020

The capital adequacy ratio was 17.9 per cent during the first-half of 2020, which is higher than the rates required by the Central Bank of Jordan.

FAB signs testing and trialling agreement with CLS for CLSNet

The addition of FAB demonstrates the appeal of CLSNet to FX market participants trading in emerging market currencies.

NBK Announces the Winners of NBK Mobile

Participants in the campaign expressed their great pleasure with the advanced digital services

Oman Arab Bank launches service for tourism through its digital channels

This will reflect positively on the sustainability of their businesses, especially in light of the current circumstances and the tremendous challenges facing the sector.

Qatar commercial banks witness strong loan extension to private sector

The commercial banks’ credit to the services sector saw an 18.51% yearly expansion to QR328.59bn, which constituted 31% of the total domestic loans this November.

Why Saudi banks are better positioned in 2021 compared to GCC peers

Non performing loans and margin pressures to persist

Emirates NBD named ‘Bank of the Year – UAE 2020’ and ‘Bank of the Year – Middle East 2020’

As a leading bank serving millions of customers across the MENAT region, Emirates NBD has undertaken a comprehensive and proactive plan to protect the financial security and economic well-being of its people, customers and the community.

Saudi Arabia awards first licence to offer consumer micro-loans in less than 5 mins

Saudi Central Bank gives licence to Zain's Tamam to provide micro-financing services

Ooredoo announces online payments now enabled with Al Khalij Bank

With the new payment services being online, it is another step forward on our journey towards complete digitalisation.

Emirates NBD recognised as Best Retail Bank in the UAE

In addition, the division won the Excellence in Mass Affluent Banking award for its market leading Priority Banking proposition that delivered best in class investment and financial planning solutions.

Retail Banking