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

Bank AlJazira and Cultural Development Fund sign landmark agreement

The landmark agreement is in line with the Cultural Development Fund’s role as a key financial enabler for the cultural sector in the Kingdom

Bank Nizwa’s Business Account unlocks business potential & drives growth

The account is designed to foster the growth and development of SMEs

Saxo Bank reports 35% growth: Strong performance highlights H1 2024 results

The Saxo Bank Group reported an adjusted net profit of USD 76 million, compared to USD 56 million for the same period last year, corresponding to an increase of 35%.

Arab African International Bank reports $156mln net profit in H1 2024

The bank’s strong performance has placed it back into the double-digit zone of return on equity

Trowers advises Ahli United Bank (UK) on its conversion to a fully Sharia-compliant bank

The Trowers team was led by Partners Helen Fysh, Simon Valner and Katharine Lewis (Banking and Finance).

Gulf banks’ lending income rises to record $21bln on high interest rates

Kuwaiti banks lead income growth for second quarter, according to Kamco Invest

QNB recognised as Qatar’s leading Trade Finance Provider by GTR magazine

This is done through a comprehensive digital trade finance platform that significantly reduces processing times and enhances transaction efficiency.

First Abu Dhabi Bank sets final terms on $20mln 10-year notes

The fixed rate notes are issued under the lender's $20bln EMTN programme

Key retail outlets see stronger-than-expected demand

Mall managers across the country have also indicated that there will be an increase in spending in 2024 compared with last year.

Top GCC banks income to stay ‘elevated’ after Q2 outperformance

Gulf banks have benefited from rising interest rates over the past two years

FABMISR receives 3 ISO certifications

For excellence in information security systems, data protection and privacy systems, and business continuity planning

BankDhofar offers exclusive benefits for Al Riadah priority banking customers

Tailor-made products and services to meet the needs of Al Riadah Priority Banking Customers

Emirates NBD announces partnership with BeZero Carbon to boost customer confidence in carbon markets

Emirates NBD is a regional leader in carbon credits trading, fulfilling growing demand from corporations to manage their carbon emissions offsetting and align with the UAE’s Net Zero by 2050 strategic initiative.

Burgan Bank Unveils its Central Hub for Innovation and Transformation, “Burgan Lab” Share

This falls under the umbrella of Burgan Bank’s committed digital transformation and human capital development strategies.

KIB receives the “Best Retail Banking Product” 2024 Award from World Finance magazine

Commenting on the Bank’s latest recognition, which came as part of the magazine’s 2024 Islamic Finance Awards program

EG Bank’s consolidated profits jump 93% YoY in H1 2024

Net interest income climbed to EGP 2.609 billion in H1 2024 from EGP 1.768 billion in H1 2023

QNB Group named ‘World’s Best Bank for Emerging Markets in 2024’

QNB has consistently emerged as a leading bank for these markets supported by its global outreach and expertise towards achieving its vision to become a leading bank in the MEASEA region.

Capital Bank wins “Best Mobile Banking App in Jordan 2024” award from International Business Magazine

This achievement reflects Capital Bank’s ongoing efforts in innovation and the enhancement of its digital services

Kuwait's Warba Bank lists USD 500 mln Sukuk at Nasdaq Dubai

This listing is of particular importance as it is the first-ever issuance of sustainable Sukuk in Kuwait

Sohar International revamps its call center IVR system to enhance the customers’ digital journey

Customers can now access the bank’s call center through various communication channels, including web chat