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

NBK succeeded in pricing USD1.0bln in senior unsecured bonds

Largest US dollar FIG issuance from Kuwait

Mashreq, DAFZA sign MoU to boost SME growth

The MoU also provides DAFZA SMEs with discounted access to accounting packages, cloud infrastructure, digital tools and a suite of mobile point-of-sale solutions, payment gateways and software systems such as ZohoBooks, Microsoft Office and AWS - all desi

Al Salam Bank unveils its newly formed brand DNA

A new brand promise is unveiled 'We nurture relationships by enriching experiences'

Mastercard recognises Doha Bank as fastest growing MPGS partner in Qatar

The partnership between Mastercard and Doha Bank encourages business growth and boosts merchant confidence in a post pandemic world, further supporting and advancing the payments sector in the Qatari market.

Gross assets of UAE banks hit Dh3.233T

Money supply aggregate M1 decreased by 0.8 percent, from Dh659.5 billion at the end of June 2021 to Dh653.9 billion at the end of July 2021.

QIB recognized as 'Best Performing Bank in Qatar'

QIB's ranking reflects its solid performance and stability, as well as its ability to withstand business continuity considering the COVID-19 pandemic

NDB initiates membership expansion, extends global outreach

Development bank established by BRICS welcomes the admission of UAE, Uruguay and Bangladesh as new members

Commercial Bank wins five prestigious Global Finance 2021 awards

These digital products and services are even more relevant for our clients given the impact of COVID-19 on face-to-face interactions.

Big bank earnings: Profits at UAE's major lenders reached $4bln in H1 2021

Moody's said the four banks combined net profit increased from last year, but returns on assets remains below pre-pandemic levels

Top UAE banks’ profits recover on easing provisions and economic recovery

The banks provisioning fell by 38 per cent in the first half of 2021, as the economy recovered.

Easing provisions drive solid recovery in UAE banks’ profits

The profit surge is subsequent to booking of lower loan-loss provisions by the banks

NBB wins International Business Magazine Awards 2021!

The bank was assessed on its achievements in each category, its overall performance, ongoing strategic initiatives, year-on-year progress, and impact on the environment in which the bank operates.

EBRD steps up trade support with Turk Ekonomi Bankasi

TEB is the seventh-largest private bank in Turkey and has a strategic partnership with France’s BNP Paribas.

UAE banks top GCC banking sector profit growth in Q2-2021

Nine out of 16 listed banks in the UAE reported an increase in net profit

NBB wins International Award

Best Transformation, Best Sustainable Bank, and Banking CEO of the Year - Bahrain

Saudi banks lead Gulf in loan growth as sector posts strong quarter

Faster economic activity was evident in the purchasing managers’ indices for UAE and Saudi Arabia that remained elevated during May 2021 and June 2021, well above the growth mark of 50, the report said.

Top 10 UAE banks record healthy Q2 rebound

The UAE’s Central Bank’s Q2’21 credit sentiment survey notes a strong, ongoing domestic credit demand across all sectors of the economy indicating that a vibrant recovery is on track.

QIB wins 6 accolades from Global Finance Best Digital Banks Awards 2021

The bank also continued offering its retail customers the fastest and most secure ways to remotely fulfil their banking needs, including opening a bank account, getting personal financing, or issuing a credit card via the QIB mobile App.

Bank Alfalah posted market leading growth in deposits and consumer lending - profit up by 24%

Net mark-up income was marginally down from last year, the primary reason being a sharp decline of 625 bps in the discount rate

UAE banking sector profitability improves in Q2 2021

Asset quality set to stabilise reflecting a positive outlook for UAE banks

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