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

KFH implements remote working solutions to ensure employee health and safety

Microsoft Teams will accelerate collaboration amongst KFH's workforce to continue serving customers

Israel's Hapoalim will pay $870 million to end U.S. tax probe

The settlement would be a deferred prosecution agreement, the bank said. Its subsidiary in Switzerland will sign a plea agreement with the DOJ relating to its business with its American customers.

QIB calls on customers to use online platforms for all banking transactions

QIB is strongly advising corporate and retail customers to prioritize the use of QIB’s online platforms to carry out all their banking needs.

National Bank of Egypt, Banque Misr keep interest rate of 3-year saving certificates unchanged

In statements to MENA, chairman of Banque Misr Mohamed el Etreby said the bank has decided to keep the interest rate on three-year saving certificates unchanged at 12 percent.

First Abu Dhabi Bank suspends some services amid coronavirus outbreak

A number of services will no longer be available at bank branches

Ithmaar Bank encourages customers to bank online, help contain the Coronavirus (COVID-19) virus

The Bank is already following Central Bank of Bahrain directives that were issued on 05 March 2020

Doha Bank receives ‘Best Partner Bank’ award from QDB

Doha Bank said it recognised this opportunity, and is a pioneer in appreciating the importance of the “very critical role” being played by SMEs in the development of Qatar’s economy.

Standard Chartered UAE allows staff to work from home

All they need to do is get their line managers' approval; the bank employs 1,700 in UAE

Ahli Bank inaugurates new branch at Mall of Muscat

The opening of the Mall of Muscat branch reflects the bank's strategy to strengthen its on-ground presence and services outreach across the Sultanate, while also offering a wide array of banking services so that customers can conveniently combine ban

Tandem Bank 'Rraises £60M'

Challenger acquires green lender following reported backing from investors including Qatar Investment Authority

NBI upgrades its digital capabilities with Backbase’s banking platform

The project consisted of 4 separate tracks that went live in a year and, the implementation partner is Bring Global.

Bahrain Islamic Bank installs self-service kiosks

The kiosks are aimed to reduce queuing times across branches

ADCB's new platform aims to help businesses expand worldwide

It will provide members with market information on more than 180 countries

Emirates NBD holds its 13th General Assembly Meeting

Approves cash dividend of 40 per cent

Emirates NBD approves cash dividend of 40%

Emirates NBD is looking forward to showcasing its many innovations in smart technology and digital banking during 2020

ADCB launches digital platform to help UAE businesses

The digital platform offers market insight and companies can seek advice on financial products that would suit their needs

Bahrain: NBK-Bahrain reports net profits of BHD 93.5 million (KD 74.9 million) for 2017, up 27% y-o-y

The Bank’s strong results affirm the success of NBK Group’s regional expansion strategy that is built on a culture of prudence and strict risk management practices.”

Ahli United Bank introduces lending product for SMEs

The bank is expecting that the service will help its partners towards greater growth

Saudi banks’ net foreign assets down 51% in January

The value of foreign liabilities owed by Saudi banks rose by 68.8% to SAR 183.67 billion in January, compared to SAR 108.8 billion in the corresponding month in 2019.

Robust economic growth to support Kuwaiti banks, says Moody's

Lending to single borrowers and volatile real-estate sector pose substantial risks

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