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

Big Bank Merger Points to Trouble at Heart of Saudi Economy

The crown prince’s grand transformation plan is under pressure and the financial industry is key to making it happen.

Qatar’s banking sector needs further consolidation: Top bankers, analyst

Sharing his thoughts on the industry challenges, Omar said liquidity, revenue compression and credit quality are some of the major challenges being faced by Qatar’s banking industry.

Qatar banks Al Khaliji and Masraf Al Rayan begin merger talks

The merger is subject to regulatory approval from authorities

FEB refutes rumors of Egyptian banks funding GERD

Mohamed El-Etreby, FEB Chairperson stressed that there are no Egyptian banks, or banks operating in Egypt that purchased Ethiopian government bonds

Qatar banking sector challenges to be cushioned by system’s resilience and strength: KPMG

Local financial institutions will need to be agile, flexible and willing to transform their business models and practices in order to succeed and secure their financial strength for future growth.

QNB launches new contactless campaign for Mastercard cardholders

The contactless payment capabilities integrated into the current QNB cards in the market

NCB-Samba merger to create national champion in banking

But the NCB-Samba merger is more than a tidy-up of historical loose ends.

Ahli Bank seals strategic partnership with Dhofar Insurance

On the strategic tie-up, Hana Fahad Al Hinai, the DGM Retail Banking from Ahli Bank, said: "We are pleased to collaborate with the Dhofar Insurance Company.

Egypt- CIB named Bank of the Year, Credit Agricole most efficient: Business News

The CIB scored the most points across the four indicators, outperforming other banks operating in Egypt that were able to lead one or more of these indicators.

QIB recognised as 'Best SME Bank in Qatar'

It recognises financial institutions for their vision, execution capabilities and market leading propositions that make a real impact to the financial sector and its consumers.

NCB-Samba merger will give it 'control' of Saudi corporate market

Balance-sheet gains and $210b in assets will certainly do a lot of talking

Merger was a smooth affair: Barwa Bank Chairman

The merger of the two banks took place in a transparent and effective manner with the transfer of assets and liabilities of ibq to comply with Sharia principles

Saudi lenders NCB and Samba are in early merger talks - sources

The merger is expected to create one of the region's largest banks

Saudi Bank NCB Plans $15.6 Billion Takeover of Rival Samba

Move comes amid push for consolidation in Gulf finance world

Dubai's Emirates NBD begins new round of job cuts -sources

“This has meant letting go of some of our colleagues as we right size to meet our anticipated future business needs, especially in the light of the economic forecasts that point towards challenging times ahead,”

QIIB bags top certificate in protection of banking cards’ data for 5th year

QIIB invested heavily in cybersecurity and its various solutions.

NBB diversifies its Murabaha service to clients by offering Sukuk-based Murabaha facility

This agreement comes as part of NBB’s continuous efforts to further develop its activities and offerings, while supporting governmental initiatives that develop the Kingdom’s financial and capital markets.

Warba Bank digitises online banking and enhances customer experience with Nutanix

In selecting Nutanix as a partner for digitisation, Shawareb and his team were drawn to Nutanix’s ability to integrate with Warba Bank’s legacy hypervisor.

FAB launches eSign technology for secure digital signatures on client documents

FAB eSign allows authorised signers to digitally sign documents anywhere, anytime

Al Salam Bank-Bahrain tops key performance indicator rankings for GCC banking sector Highest reduction in non-performing financing by any listed bank in GCC

The rankings were featured in KPMG’s latest GCC Listed Banks’ Results Report, which analysed the financial results of fifty five listed commercial banks from each GCC country throughout 2019.