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

Western Union buys 15% stake in Saudi Telecom's digital payment unit

Western Union, the world's largest money transfer firm, has acquired a 15% stake in the digital payment unit of Saudi Arabia's STC Group for $200 million.

Saudi banks’ profitability improve on lower provisions and higher income

Loans and advances in Q3 grew at a faster pace than Q2 despite economic challenges

Dukhan Bank names Thara’a draw winners

The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry.

QNB launches offer on National Day in partnership with MOQ

In addition, QNB First and Private Banking customers can take advantage of other benefits when making their purchases during the same period at the participating stores.

HSBC voted best cash management bank in Oman and the Middle East

The local recognition was complemented by other HSBC successes, with the bank once again voted the #1 bank for cash management by corporates across the entire Middle East region.

FAB opens Jakarta office to support MENA-Indonesia trade and investment

FAB Indonesia to facilitate investment flows between UAE, wider GCC and Egypt with Asia

Emirates NBD forges ahead with enterprise-wide payments hub implementation to drive real-time, seamless payments innovation

Enterprise Payments Hub simplifies multiple payments products and services onto a single integrated platform

Saudi banks stay resilient amid pandemic

Overall loan growth contributed towards a total asset increase of 9.8% since December 2019 reaching to $716.17bln

Egyptian lender CIB boosts provisions after central bank review

CIB has prepared a correction plan based on the central bank's remarks and has implemented parts of it already, current chairman Sherif Samy said

QNB receives awards for digital service excelle

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services.

MetLife and RAKBANK form strategic partnership

The partnership offers a versatile and highly competitive life insurance solution for the Bank's customers with the highest non-medical underwriting limit of USD 1.25 million, exceptional maturity value, and an intuitive digital-first sales and servi

GCC banks 'to face pressure on loan quality, profitability in 2021'

Profitability will weaken as provisioning needs rise and yields fall.

First Abu Dhabi Bank Collaborates With Visa On B2B Virtual Cards

The rollout unveiled a central travel account offering that was created to make it simpler for firms to supervise their travel payments in one place.

Israel’s Bank Hapoalim sees huge opportunities for UAE - Israel banking cooperation

Agreements with UAE institutions cover areas such as, fintech, innovation and ecosystems

Bank ABC wins 2020 Gartner Eye on Innovation Award

"This award distinguishes us from our peers in the EMEA region, and it also showcases what is possible when leveraging Bahrain’s solid fintech infrastructure and ecosystem,"

World’s Best Digital Banks 2020: Middle East

Middle East regional winners of Global Finance’s Best Digital Bank awards are ramping up the shift to digital banking.

Moody’s affirms QIIB rating at A2 with stable outlook

The bank also launched several card products that facilitates the banking transactions of individuals and companies such as salary cards, household workers’ cards and corporate cash deposit cards.

QNB begins QLM e-IPO subscription services

Customers who have previously registered for the service, or completed an IPO subscription in the past through QNB’s e-channels, will not have to register again.

RAKBANK Chooses Anomali Threat Intelligence Product Suite to Detect Threats Across its Banking Infrastructure

Anomali Match, An Enterprise Threat Detection Engine, Played Key Role in Bank’s Decision

Provisioning grows faster than credit in Qatar banks in Oct: QCB

The provisioning towards domestic coverage expanded 10.84% to QR25.16bn and those toward foreign coverage by 59.11% to QR6.81bn in the review period.

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