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

Moody's affirms Boubyan Bank’s ratings, outlook

The bank’s long-term and short-term deposits ratings were affirmed at ‘A3’ and ‘P-2’

NBB offer to acquire Bahrain Islamic Bank receives required minimum threshold of BISB shareholders acceptances

Therefore, the condition of 70% ownership by NBB of the issued share capital of BISB has been met as confirmed by SICO the Issue Execution Advisor, Receiving Agent and Allotment Agent.

BankDhofar receives Forbes Middle East award for Most Influential Business Leaders in Oman

Taking Forbes Middle East’s exclusive events style to Muscat for the first time

Why is e-commerce a key economic driver for UAE?

Cashless transactions have been around for a while, and more consumers are realising the convenience it brings.

CBO total foreign assets rose 2.9% by October-end 2019

Private sector deposits in commercial banks and Islamic windows showed a rise of 5.8% at the end of October 2019

2019 sees foreign card payments increase by 83% in Turkey

Maintaining its position as leader of the European bank card market, Turkey has seen an 83% rise in the card payments by foreigners, which rose to TL 75 billion and is expected to close the year at TL 81 billion

Qatar- Commercial Bank hosts VIP customers to celebrate Fund launch

The fund will open the door for Commercial Bank customers to benefit from services and products that are new to the market in Qatar.

BankDhofar Topped with 'Excellence Award for CSR Initiatives and Programs'

The award was received by Ahmed Said Al Ibrahim, General Manager & Chief Corporate Services Officer at BankDhofar, during a high profile function that was held at held in Dubai

Commercial Bank wins three awards from Global Finance for digital innovation

Receiving these three awards from a renowned awarding body reflects the strength and breadth of our best-in-class digital products and validates our strategy of investing in innovative technologies.

National Bank of Oman Elevates Customers’ Experience With Updates on Digital Wallet

National Bank of Oman has upgraded its mobile wallet to include a host of new features that make digital payments even easier.

KFHOnline total transactions exceed 10 million in one year

Mandani: Digitization vital pillar of KFH strategy

ANB and ANB Invest win two prestigious awards

World Finance is an international bi-monthly print and online magazine providing comprehensive coverage and analysis of the financial industry, international business and the global economy.

QIIB receives top global certification on its information security standards

QIIB was awarded the ISO 27001 certification based on a set of criteria that were thoroughly examined, including the technological structure and procedures that the bank’s cybersecurity department has been adopting.

StanChart launches campaign to promote electronic cards usage

For existing card users, "they must continue using them but they need to do a minimum of 20 transactions within the three months period of the promo to qualify for the grand prize.

Gulf banks’ assets jump 3.1% to $2.3trln in third quarter

Each of the six GCC countries showed an increase in net loans and customer deposits: Kamco Research report

Despite Its High P/E Ratio, Is Abu Dhabi Commercial Bank PJSC Still Undervalued?

That corresponds to an earnings yield of approximately 10.7%.

Qatar economic growth to continue in 2020, says Commercial Bank CEO

This year, it was 2.6% and is expected to reach 3.2% – we are on a very improving trend.

Biggest Saudi bank pulls plug on $271b merger plan with rival

Saudi Arabia - where almost 30 local and international lenders serve more than 30 million people - is exploring potential mergers to boost its financial services sector after the combination of Saudi British Bank and Alawwal Bank.

Emirates NBD: the value of rewards

Therefore, the program has been developed to provide rewards to cover major essential expenses such as groceries, fuel and utilities.

Saudi Arabia's largest lender abandons potential merger

The boards of National Commercial Bank and Riyad Bank agreed to abandon tie up that would have created regional behemoth

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