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

BNP Paribas receives Saudi regional headquarters licence

Saudi Arabia has pushed multinational companies to relocate their regional headquarters to Riyadh in recent years

HSBC launches UAE’s first immediately international bank account

HSBC launches UAE’s first international-by-default account with one IBAN and debit card

Middle East conflict to weigh on Qatari banks' 2026 profits

Profitability is expected to recover towards ‘historically strong levels’ in 2027-28, Moody's said

Arab African International Bank Launches Business Hubs as «One Stop Banking Destination» to Empower Various business Sectors

This initiative aligns with the bank’s ambitious expansion strategy, with the goal of extending the model across all geographical areas.

Al Baraka Islamic Bank joins wage protection system for corporate and institutional clients

Aimed at facilitating payroll payment management

Middle East Banks Grow African Presence

For decades, the continent was a preserve of Western lenders.

Sohar International establishes innovation hub at Terminal 11 to support fintech growth as the exclusive banking partner

Initiated by the private sector in partnership with the Oman Investment Authority

AI drives expansion of Saudi Central Bank’s US equity portfolio

The portfolio’s value rose by about $2.9 billion from the end of March, according to a comparison by Asharq Bloomberg of the central bank’s two filings with the US Securities and Exchange Commission.

EFG Holding revenues climb as Bank NXT profit jumps 33%

EFG Holding posted EGP 6.5bn in second-quarter revenues, with strong growth at Bank NXT and EFG Finance helping offset a softer performance at EFG Hermes

International Banker 2026 Middle East, Asia & Australasia Awards Winners

Lenders have continued to benefit from strong demand for credit as the Kingdom’s diversification programme drives financing across housing, infrastructure, tourism and corporate investment.

Kuwait banks seek ‘friendly’ understanding as competition intensifies on retail loan, deposit rates

The discussions highlight the competitive pressures facing Kuwait’s retail banking market

GFH reports $76.2mln H1 profit, up 13.33%

Earnings per share for the six-month period was US cents 2.21 compared to US cents 1.93 for the first half of 2025

FAB strengthens UAE AI ecosystem through second SpeakEasy enterprise AI forum

The discussions also explored the practical foundations required to achieve this, including governance, trust, interoperability, operating models, and human oversight

Mastercard, AFS launch corporate cards in the UAE and Egypt

Through the process of bringing payables and receivables into a single application, the companies said the aim is to reduce fragmentation across the payment lifecycle

Emirates NBD Partners with DFDF to propel FinTech and AI Innovation

The partnership will enable Emirates NBD to access a curated pipeline of enterprise-grade FinTech and AI solutions, foster strategic partnerships with DFDF’s portfolio companies and facilitate structured pilots and potential commercial deployments d

National Bank of Bahrain posts record Q2 profit

Earnings per share increased to 10 fils for the second quarter of 2026, compared to 9 fils in 2025

Bank of Jordan Group launches its first branch in Saudi Arabia

Strengthening its position as a regional banking group

Commercial Bank of Dubai extends risk management collaboration with 4most

The bank has total assets exceeding AED 160 billion.

BankDhofar Delivers value-driven Retail Banking Solutions

It reflects BankDhofar’s broader strategy of delivering value-driven retail banking solutions that combine performance with everyday usability.

Private sector imports financed by Saudi commercial banks increased by 58% in June

The statistical bulletin issued by the Saudi Central Bank (SAMA) indicated that private sector imports financed by Saudi commercial banks are distributed across seven sectors.