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

NBB wins major global awards

NBB achieved several strategic milestones

Bank Nizwa recognized as the 'Strongest Islamic Retail Bank in Oman for 2021'

The award was received by Mr. Arif Al Zaabi, AGM- Retail of Bank Nizwa, on behalf of the bank

Doha Bank donates QR100,000 to Qatar Red Crescent’s ‘Warm Winter’ campaign

Consistently recognised for its commitment towards social and environmental causes

Banque Saudi Fransi proposes dividends for H2-21

Representing 8.5% of the capital

QNB, Visa launch ‘Date to Remember’ campaign to celebrate Qatar National Day

The campaign provides a good combination of popular and valued benefits with monthly and daily prizes.

QNB gets ‘Strongest Bank in the Arab World 2021’ award

The prestigious award recognizes the Group’s strong financial performance, asset growth and successful business strategy, cementing its leadership in the banking sector in the region.

QNB receives 'Strongest Bank in the Arab World 2021' award by WUAB

This annual award aims to value the efforts of the Arab banking and financial institutions to provide innovative services and solutions, and to improve digital customer experience.

HSBC Egypt launches EGP 3bln Foras Trade Fund for Small and Medium Enterprises

The Fund is open to new and existing customers with cross border trading requirements or those that aspire to grow especially in the industrial and service sectors

Emirates NBD awarded prestigious LEED Gold V4 ID+C:CI certification in Saudi Arabia

Bank also leads MENA region as first to secure LEED® Gold-certification for branches

Mauritius Commercial Bank gains new licence with Dubai FSA

The UAE has 20 Double Taxation Agreements (DTAs) in force with African countries, while Mauritius have 16.

Mauritius Commercial Bank Upgrades Its Dubai Presence

The Mauritius Commercial Bank had previously established a Representative Office in the DIFC in July 2019.

UniCredit wins Turkish regulator approval to sell Yapı Kredi stake

UniCredit is following U.S. banking giant Citigroup and top British insurer Aviva in exiting stakes in Turkish financial companies.

Doha Bank wins Triumph Award

Doha Bank will continue to work on sustainable development of its stakeholders. Green Banking and Climate Change Financing are the key initiatives to promote green economies.

National Bank of Fujairah launches two innovative banking products tailored to SMEs

These financial offerings are set to support new and existing businesses to leverage growth opportunities

Commercial Bank launches Qatar's 'first of its kind' digitally secure service 'CBSafe ID'

Through 'CBSafe ID', Commercial Bank has created a way for customers to take back control when trying to validate if the caller is genuine and calling from the Bank.

Qatar completes first merger of two publicly listed banking giants; Masraf Al Rayan has QR182b in assets

Integration of operations of Al Khalij Commercial Bank will be done during 2022

Garanti BBVA corporate customers can nowo upload financial data via internet banking

Garanti BBVA offers its corporate customers the opportunity to upload their financial data such as layout, temporary tax returns and corporate tax returns

Burgan Bank announces successful completion of its capital increase

With subscription levels of 220%+

Dukhan Bank reports QR900m net profit for Q3

The bank’s total equity soared to QR13.7bn from QR11.5bn at end of December 2020 whereas the total capital adequacy ratio stands at 18.3 percent as of 30 September 2021

GCC banking sector net profits show increase; hit $9.4bn in Q3

Out of the 60 banks that reported earnings during the quarter 19 banks reported a q-o-q drop in net profits during Q3-2021 while in terms of y-o-y growth, nine banks reported a decline.

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