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

QNB announces winner of ‘Triple your Salary’ campaign for its First Members

The campaign is part of the Bank’s endeavours to meet all its customers’ needs and enrich their banking experience, with special offers for its First Members.

Dubai decides to raise Salik IPO size to 24.9% after record retail investor demand

Toll-gate operator's IPO had opened on Sept. 13 and was instantly over-subscribed

BofA relocating Russian staff to Dubai as Ukraine war drags on

BofA staff is being moved across the different units of the bank.

Emirates NBD Securities launches end-to-end digital onboarding platform

The improved onboarding process also provides access to other regional exchanges, advanced trading platforms and mobile app

Emirates Development Bank to Approve New Loans to SMEs, Startups

The lending service will be “available for UAE-based SMEs and startups operating in one of EDB’s five priority sectors – which are manufacturing, healthcare, food security, advanced technology, and infrastructure – and is available

Doha Bank recognised as ‘Best Bank for CSR in Qatar’ by Euromoney

Alongside these products, the bank has become the leading bank in Qatar and the Middle East for environmental advocacy through numerous CSR initiatives.

Bank of Israel MPC remains worried by tight jobs market

The hike, which was expected, was the fourth straight increase since April and the biggest in two decades

Egyptian Cartona plans BNPL service amid expansion plans

Talaat added that the BNPL solutions would contribute from 40 to 45 percent of transactions happening on the platform.

ila Bank brings home five Global Finance awards

ila Bank stood out for its successful strategy to attract new customers and convert them to use its digital solutions, its breadth of product offerings, superior in-app functionality and evidence of tangible benefits gained from its engaging social media

Saudi top banks’ quarterly profits rise 2.7% boosted by rate hikes, higher oil prices: Report

“The rising oil output supported by the high crude price along with the benchmark interest rate increase indicate a positive outlook for KSA's banking sector,”

‘Bank sector largest employer of Kuwait national workforce’

Nat’l employment increased from 34.9 percent to 77.3%

UAE In Focus — Gross assets of UAE banks reach $939bn by end of June

The report further revealed that the credit to the public sector, private sector, and non-banking financial institutions declined by 0.3 percent, 1.2 percent, and 20.8 percent, respectively.

Ajman Bank to Launch World’s First Mastercard Touch Card, Driving Inclusion Across UAE

The Ajman Bank Touch Card further offers benefits to suit each cardholder’s unique needs, including cash back benefits of up to 10 per cent that can be selected from across four categories: fuel, online spend, groceries and school fees.

Bank ABC emerges the Middle East Winner of The Banker Transaction Banking Awards 2022 MORE

Premier international banking award programmes honours Bank ABC for its multi-year digital transformation programme and proactive growth strategy for Transaction Banking to build a client-centric 'bank of the future'.

Emirates NBD launches mega foreign exchange customer promotion

Cash prizes of AED 1 million each for two lucky winners, and 100 daily and 100 monthly winners

EBRD provides US$ 127 million loan to Turkey’s Isbank

With this new investment the EUR 350 million financing made available under TurSEFF III programme is now fully subscribed.

HSBC Bahrain switches to recycled plastic payment cards

Bahrain is the latest market in the HSBC Group to switch to rPVC cards

Qatar Central Bank issues first license to provide digital payment service

This is an initial step to include all companies providing digital payment services under the supervision of the Qatar Central Bank to contribute to the development of the financial technology sector and enhance financial inclusion.

Invest Bank signs and supports the UN women’s empowerment principles

Invest Bank has undertaken various initiatives that contribute to women’s empowerment by enhancing their role in society

NBB partners with institutes for summer training programme

The participating training institutes introduced a customised programme specifically designed to meet the needs of all students enrolled in the Evolve and e-Evolve programmes, providing training sessions on various topics

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