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

Dukhan Bank reports a net profit of QAR 1.14bln for the nine-month period ended 30 September 2024

Strong profitability driven by a persistent year-on-year growth in total income of 16%

Saudi EXIM Bank and DL Hudson sign USD 50mln credit facility agreement

Connects local exporters with over 22 international markets around the world

QNB unifies its brand to enhance global presence

The rebranding will see QNB Alahli in Egypt and QNB Finansbank in Turkey operating under the single name "QNB."

QDB introduces 0% short-term financing to companies that settled NRGP loans

QDB said in a statement the new initiative which grants companies zero interest rate short-term loans comes within the framework of the Amiri gesture

QNB concludes Emerging Leaders Program

The second component focused on the Business of Banking, featuring four specialized modules delivered by Fitch Learning over 10 days

New Bank of Bahrain Investment Product Pairs Bitcoin Growth Potential With Capital Security

Through this move, it aims to offer a hedge against the volatility traditionally associated with digital currencies.

Qatar: Total assets of commercial banks up 6.8% to $549bln in August

There was also a surge of 11.9% in the total domestic deposits on yearly basis

National Bank of Bahrain partners with Citi to offer 24/7 dollar clearing service

The innovative service streamlines the processing of USD transactions

Gulf Bank introduces 10th edition of Ajyal Program to develop young talent and cultivate future banking leaders

This program aims to refine their skills and support their professional and personal growth

Commercial Bank awarded with 'Banking and Financial Technology Award for 2024' at UDST

This recognition underscores our dedication to providing our customers with innovative and convenient banking experiences.

Total assets of commercial banks up 6.8% to QR2 trillion in August

QCB post further stated that the total broad money supply (M2) increased by 6.7 percent to reach QR730.9bn in August 2024 on year-on-year basis.

Dukhan Bank receives Qatar’s ‘Rising Star’ award by Euromoney Awards for Excellence 2024

Dukhan Bank’s customer-centric approach has been key to its continued success in Qatar’s competitive banking landscape.

Qatar's Dukhan Bank sells $800 in 5-year sukuk, document shows

The sukuk transaction, which is expected to be priced later in the day, was issued under the bank's $2 billion trust certificate issuance programme.

Al Ahli Bank of Kuwait Wins Six Prestigious Awards from Global Finance

The awards are a testament to the Bank's commitment to innovation, performance improvement, and implementation of state-of-the-art digital services.

The Egyptian Banking Institute announces its achievements for the fiscal year 2023/2024

Dr. Nossier: EBI is committed to empowering banking professionals locally & globally

Nine major Saudi retail banks score positive net sentiment in latest PwC Middle East and DataEQ report

Net sentiment scores across the banks varied significantly

NBO named Best Performing Company in the Large Capital Category at The Aiwa Awards

The award was announced in a gala ceremony held under the auspices of H.E. Sheikh Sabbaa Hamdan Al Saadi

UAE customers complain as banks issue credit cards without proper ID verification

Using the replicated ID card and other documents, they approach banks, some of which do not adequately verify the applicant's identity and issue credit cards.

UAE and Saudi Arabia to drive expansion of the GCC retail industry, says Alpen Capital

With the UAE and Saudi Arabia leading the region’s growth at CAGRs of 5.4 percent and 5.1 percent, respectively

PayerMax partners with Saudi Awwal Bank to enhance the Kingdom’s digital payment ecosystem

The partnership aims to redefine the digital payments landscape and streamline the onboarding experience for local merchants, facilitating seamless global transactions.

Retail Banking