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

Dh13.8 billion in new savings via bank deposits during Q1

Savings deposits in banking sector reached Dh286.67b at end of March 2024

Citi extends USD Clearing service to Middle East in partnership with Emirates NBD

With this, the service promises to overcome the current barriers to payment flow processes posed by the UAE’s varying cut-off times for transaction execution.

Emirates NBD and Emirates NBD Capital awarded top honours for Green Financing and Sukuk Leadership

The accolade highlights the bank's ongoing commitment to sustainable financing, aligning with global environmental standards and contributing to the development of green financial markets in the region

SAB named ‘Best Bank for ESG’

The recognition comes as part of SAB’s efforts to align with market best practices

Oman Arab Bank launches direct debit service

This innovative service is part of OAB’s commitment to providing cutting-edge banking solutions

NBK unveils enhanced NBK PLUS package with exciting lifestyle benefits

With exclusive offers including 0% auto loan financing to buy dream car

Majid Al Futtaim Partners with Checkout.com to Enhance Digital Payments

Additionally, the partnership will enhance payment experiences for the company’s cinema, leisure and entertainment businesses.

NBK holds an awareness session on electronic fraud and prevention measures for employees

As part of promoting the “Let’s Be Aware” campaign

Ajman Department of Finance enhances financial planning efficiency

The workshop underscores the department’s firm commitment to elevating financial planning efficiency

NBK Launches Kuwait's First International Mortgages Center

The inauguration of the new center was marked by the presence of the Bank's executive management and aligns with the strategic vision articulated by NBK’s senior leadership.

Oman’s bank lending up 2.9% in March, deposits jump 12%

The combined balance sheet of conventional banks showed a year-on-year growth of just 0.8% in total outstanding credit as of end-March 2024.

United Arab Bank collaborates with Network International for its omnichannel payment solutions in the UAE

This strategic collaboration represents a significant milestone for our wholesale banking product offering.

EFG Hermes ONE partners with PayTabs Egypt and Banque Misr to enable debit card top-ups for securities trading

For the first time in Egypt

Sohar International CEO Ahmed Al Musalmi clinches 'CEO of the Year' award at New Age Banking Summit 2024

The prestigious accolade underscores Mr. Ahmed Al Musalmi’s outstanding leadership and catalytic role in transforming the organization across all facets and a testament to the remarkable growth and success the bank has achieved under his stewardship

HH Shaikh Isa bin Salman bin Hamad meets CCO of Citi Bahrain

His Highness underscored that the role of the financial and banking sector as a key sector and contributor to the growth of the national economy

The National Bank Of Kuwait Announces Its Strategic Partnership With The Future Investment Initiative (FII) Institute

Combining NBK's legacy of financial excellence and FII Institute's unwavering commitment to shaping the future through its impactful global initiatives

Meethaq goes live on Temenos for retail and corporate core banking

Core platform modernization enables Meethaq to offer Shariah compliant banking products and services with increased operational efficiency and business agility

Singapore payments firm plans expansion from Dubai hub

Aleta Planet also plans to launch a food traceability app

Gulf Bank promotes diversity and inclusion at 'partners for their employment' career fair

Salma Al-Hajjaj: Gulf Bank is confident in the capabilities of individuals with special needs, and is commited to facilitating their inclusion in both society and the banking industry.

The National Bank of Kuwait announces its strategic partnership with the Future Investment Initiative institute

With a shared dedication to driving positive change through the power of investment, NBK and FII Institute will join together to drive innovation

Retail Banking