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

Carrefour and HSBC Partner to bring payment instalment plan to customers

Carrefour customers can now benefit from a 3 to 12-month HSBC Flexi Instalment Plan when they make any purchase

Al Khaliji H1 profit surges to QR372mn

The bank's total assets grew 6% year-on-year to QR57.3bn with net loans and advances soaring 12% to QR35.95bn at the end of June 30, 2021.

FinTech: Why these startups are banking on a payments revolution in the Middle East

Ten startups from seven countries participated in the Techstars accelerator programme this year. They tell ZDNet why the MENA region is ripe for FinTech innovation - and what comes next.

Qatar's Al Khalij Commercial Bank H1-21 net profit slightly up at $102mln

Net impairment charges jumped 64%

Ahlibank’s Net Profit QR 308 million for the first half of 2021

The Bank also successfully completed two strategic initiatives during the first six months of 2021.

Burgan Bank announces working hours during Eid Al-Adha holiday

On this occasion, Burgan Bank extends its best wishes and greetings to everyone

Commercial Bank of Qatar scraps offer to acquire majority stake in National Bank of Oman

The planned transaction would have been the latest in a series of mergers and acquisitions in the Gulf’s banking industry, prompted by lower oil prices in the past few years, reports say.

Saudi Social Development Bank plans to boost lending

The lender has a budget of $2.93bln this year according to CEO Ibrahim Al-Rashed

Fidelity Bank Embarks On Strategic Growth, Expansion

This will be achieved by deepening the skills and competencies of staff across the bank, entrenching a culture of high performance, and embedding new ways of working in the bank.

QNB expands its footprint in Asia with Hong Kong branch opening

Hong Kong is the gateway for the Group's clients to Mainland China and wider Asia. It is a major trade hub accounting for USD 1,077.5 billion in imports and exports

Sharjah Chamber, Emirates Development Bank sign MoU to support industrial & SME sector

Moreover, the SCCI's 'Sadr' Fund will also offer the necessary liquidity to exporters and reduce risks in export operations through credit protection

Ithmaar Bank wins Mastercard award for Best Loyalty Programme

The prestigious annual award was presented to Ithmaar Bank in recognition of its successful, customer-focused credit card rewards programme, Ithmaar Rewards

Qatar National Bank's half-year net profit up 6% as loans expand

Loans and advances grew 6%

National Bank of Kuwait Releases Fifth Full Sustainability Report, Continuing Its Middle East Corporate Sustainability Leadership

NBK also both reduced paper use and recycled nearly 100 metric tons of paper, lowering its GHG emissions by 615 metric tons just from those two efforts alone.

Commercial Bank of Dubai recognized with "Best Bank in Digital Loyalty" award by Union of Arab Banks

In its second edition, the Arab Digital Banking Excellence Awards aims to recognize those Arab banking and financial institutions that have achieved high effectiveness in providing digital financial services, and have created distinct digital strategies t

EDB partners with Mashreq Bank on Credit Guarantee Programs for SMEs in UAE

The MoU is part of EDB’s focus to enhance the contribution of SMEs to the country’s GDP

Union of Arab Banks honours QIIB as ' Best Digital Bank in Qatar'

The award also came in recognition of the bank’s ongoing efforts in the field of innovation and the use of banking technology to enrich the Islamic banking experience and search for new tools that meet the requirements of customers and leverage the

Ithmaar says planned sale of Bahrain banking ops to BBK has been abandoned

Two entities signed a memorandum of understanding in September last year to press ahead with the acquisition

Saudi Arabia offers EGP 270m to 3 Egyptian banks for MSME finance: Mashat

The committee has decided that Banque Misr would benefit from its financing, and will receive EGP 70m to finance machinery and equipment for factories. This includes transport means for the activity, equipment and medical devices for laboratories and hosp

StanChart starts offering banking services from Saudi branch

Standard Chartered was among other banks recently hired to lead energy giant Saudi Aramco's inaugural dollar sukuk issue that raised $6 billion.

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