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

KIB signs innovation cooperation agreement with the Australian University

The new agreement reflects the Bank’s commitment to its comprehensive social responsibility strategy, providing full support to educational institutions

Saudi bank loans increase by 11% to hit $734bn

SAMA revealed corporate credit accounted for 53% of total lending in June

NBK provides a detailed presentation of the ‘Let’s Be Aware’ campaign to the interns of ‘NBK Aspire’ 2024

In line with its dedication to promoting banking awareness among all sectors

Western Union expands remittance services in Banque du Caire branches

The partnership aims to attract diverse customer segments, supporting financial inclusion and diversifying foreign currency sources within the banking sector

UAE banks' gross assets jump 10.8% in May

The apex bank data showed that gross credit grew 0.7 percent

BankDhofar launches an exclusive credit card for ladies banking

This card not only offers the standard benefits of a Visa card but also includes a range of exclusive perks tailored to meet the needs of the Bank’s women

QNB holds workshop with Snapchat to enhance bank's digital engagement strategies

The workshop came as a part of the bank’s efforts to develop its marketing strategy and communication plans.

Kuwaiti lenders Boubyan Bank and Gulf Bank weigh merger

Boards of Boubyan Bank and Gulf Bank have approved the proposal

CBD launches core banking services for virtual asset service providers

CBD has also successfully onboarded Laser Digital as the first VASP to benefit from its services.

SAB becomes first bank in KSA to receive local content certificate

This recognition testifies to SAB's exceptional services and highlights its strength and diversity in catering to its customers' needs with efficiency and innovative solutions.

RAKBANK Income, Profit & Balance sheet growth continues into 2024

Operating Income for Q2’24 was at AED 1,174M, reflecting an increase of 6.6% YoY.

BankDhofar gets closer to its customers at Sohar with two new branches

Bank Dhofar is committed to providing specialized banking solutions to all segments of society including women, children, minors, youth, affluent and ultrahigh networth group of customers.

Arab Bank Group's H1 profit surges 25% to $503mln

Arab Bank said its net assets grew by 5% to hit $68.7 billion

Commercial Bank of Dubai introduces core banking services for virtual asset service providers

This pioneering initiative underscores CBD's commitment to fostering innovation and supporting the growing digital asset ecosystem in the region

Banque Misr, Tanmeyah sign $10.34mln credit facility agreement

The agreement will offer Tanmeyah a range of financing solutions, including short and medium-term loans, to assist its clients, particularly individuals and small business owners, with favourable terms and competitive rates

Mashreq First Half Financial Results 2024

Strong business performance and positive outlook underpinned by robust customer activity and stable macroeconomic environment see Mashreq’s Net Profit in the first half increase by 14% to AED 4bn.

SAB, HSBC forge strategic partnership to drive financial innovation in the Kingdom

This strategic alliance comes as Saudi Arabia aspires to become a hub for financial innovation through Vision 2030.

United Arab Bank pre-tax net profit up by 26% for the first half of 2024

Total assets reported at AED 19.8 billion for H1 2024 representing a growth of 12% compared to December 2023. This is driven by the 12% growth in loans, advances, and Islamic financing

Riyad Bank introduces first AI center in Saudi banking industry

The center will offer a cutting-edge environment for AI-driven research, innovation, and analysis.

Mohammad Saleh Marafie wins KD 1mln from Gulf Bank

AlDanah account's 22nd millionaire

Retail Banking