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

HSBC helps Omani businesses go global

These firms include the upper end of the small and medium-sized enterprise (SME) segment

First Abu Dhabi Bank further expands in Saudi Arabia with the opening of Jeddah branch

Bank commencing operations in Riyadh and Al Khobar earlier in 2019

Egypt- Sarwa Capital closes EGP 1.8bn securitisation bonds

The issue has seen strong demand from institutional investors and banks which reflects investor confidence in Sarwa Securitization issuances as the leading private issuer of bonds in the market, the first and largest issuer of securitization bonds, and th

UAE's largest bank expands further in Saudi Arabia

New branch opening in Jeddah follows initial operations in Riyadh and Al Khobar earlier in 2019

Consumer optimism in the GCC hits new high

E-commerce across the Middle East surged by as much as 1,500%

UAE to create 8,000 banking job opportunities by 2022

Jamal Al Jassmi, General Manager at EIBFS stressed the committee’s keenness to adopt several initiatives aimed at attracting citizens to work in the banking and insurance sectors

Mashreq’s NeoBiz offers integrated accounting solutions

Zoho’s software will deliver banking and accounting on a single platform

ICICI Bank unveils new center in Bahrain with retail, corporate banking facilities

The new service center will offer services for all the products offered by the Manama branch, except cash deposit and withdrawal facilities.

NBB takes the lead as the first bank in the MENA region to launch open banking solutions

NBB has spearheaded the development of Open Banking technologies following the regulatory mandates set by the CBB in November 2018 which urged all banks in the Kingdom to adopt Open Banking in line with its long term vision for customer transparency, effi

Morocco’s Bank Profits Exceeded $1.1 Bn by End of September

During this period, the banks strengthened their capital in the context of the gradual implementation of the new precautionary measures for the banking sector.

Saudi Arabia’s largest banks to remain profitable despite margin pressures

Moody’s stated that fee-based income will start to stabilise over the coming quarters as fees attached to rising consumer lending and mortgages offset lower trade and foreign-exchange income.

Ecobank wins Bank of the Year and Best Bank in prestigious London awards ceremonies

Ecobank (www.Ecobank.com) wins “Bank of the Year” and “Best Bank” at The Banker and EMEA Finance Awards in London.

QNB banks on its capital strength to grow balance sheet in ‘controlled’ way

This plays an important role in our approach to financing and how we operate as a business, ensuring we work in the most ethical and efficient way.

Warba Bank grabs two awards from CPI Financial

Al Shareef elaborated that Warba Bank was amongst few banks on regional level that met the terms to apply for the award; it has fulfilled all the criteria of CPI Financial related to the Bank experience during the last three years.

Saudi banks Q3 results boosted by mortgage lending

Three banks- Samba Financial Group, Banque Saudi Fransi and Saudi Investment Bank-- reported marginal declines.

Qatar Development Bank to launch fintech accelerator programme

Everyone is working together because everyone is needed to build the pillars of a successful and sustainable fintech ecosystem in Qatar, Hassan added while talking to mediapersons on the sidelines of the event.

QNB Group receives prestigious ‘Bank of the Year 2019’ awards

The Banker magazine’s assessment was a testament that QNB have excelled in a number of areas, including corporate governance, sustainability and innovation, in addition to the significant roles the bank plays in the banking industry’s growth.

Egypt’s top lender seeks approval to buy Mayfair Bank

It was licensed in June 2017 and nearly doubled its loss in the nine months to September 2019 to Sh250 million, making it one of the few lenders to post losses in Kenya’s banking market of 43 banks.

Doha Bank wins Citibank’s ‘US Dollar Payments STP Excellence Award’

Doha Bank operations are geographically spread across strategic locations in Qatar.

Saudi British Bank shares ideas on developing trade finance in Saudi

SABB is one of the leading banks in trade finance, and ranked first in launching several products and services aimed to promote the role of trade finance

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