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

Saudi Arabia's Al Rajhi Bank sees 43% rise in net profit

Higher operating income offsets impairment costs

Saudi National Bank posts 20% rise in quarterly profit

The result was better than the 3.6 billion riyals average analysts’ forecast on Refinitiv Eikon data

Dubai's biggest bank still waiting for asset quality to improve

Emirates NBD said its nine-month profit rose an annual 29 percent to $2bn, while impairment allowances dropped 42 percent

Kuwait’s Boubyan Bank net profits grow by 37%, plans ESG framework

Bank plans to expand its digital services with a focus on fintech

Emirates NBD: Q3 2021 net profit up 29% YoY to AED 7.3 billion

The lender reports $682m in net income as impairment losses decline

Al Khaliji Commercial Bank reports Q3, 2021 results

Net profit of QAR561mln, 3%+ growth year on year

QIB nine-month net profit rises 13.9% to QR2.52bn

QIB has been able to bring down the “finance to deposit” ratio to 99% compared to 101% at the end of December 2020.

GFH to buy 100% of Khaleeji Commercial Bank to boost its portfolio

Acquisition is expected to give Bahraini lender access to a wider segment of clients and a bigger market share

QIB Wins “Best Retail Bank Qatar” Award

The 2021 edition of the awards received over 300 entries from 25 countries across the Asian continent representing the best-in-class consumer finance and retail banking companies.

Creative digital, technological solutions presented at QDB hackathon

QDB’s CEO Abdulaziz Nasser al-Khalifa expressed his pleasure with the quality and potential of the participating projects, reaffirming the Bank’s intention to hone the winning ideas through QDB’s incubators and programmes.

Qatar’s large state footprint in economy helps local banks navigate stress with minimal impact: S&P

Today, 82% of S&P outlooks on GCC bank ratings are stable

Ithmaar Bank opens new branch in Seef Mall with integrated, cutting-edge digital services

The new Main Branch was inaugurated by Ithmaar Bank Chief Executive Officer, Ahmed Abdul Rahim, in the presence of presence of Central Bank of Bahrain (CBB) Executive Director - Banking Supervision, Khalid Al Hamad, and CBB Director - Islamic Financial In

Emirates NBD set to expand its presence in India with an approval for two new branches

Supporting growth of business ties between UAE and India

Jordan Kuwait Bank to launch region’s first contactless biometric cards using Thales tech

Users will be able to authenticate transactions with their fingerprints

National Bank of Egypt begins work for its first branch in Riyadh

The bank official said it’s now in talks with the responsible Saudi authorities, to determine the capital of the branch, which must comply with Saudi laws.

QIIB awarded ‘Most Innovative Islamic Retail Bank in Qatar for 2021’ by International Finance Magazine – UK

The Bank’s financial products and services have also seen exceptional growth over the past year, notably across its digital channels, which provided customers with the ability to access banking services at a remarkable level of speed and flexibility

Qatar retail segment sees new operational models such as ‘revenue share’ deals: KPMG

The declining rentals remain in favour of the retailers, as major developers/mall operators continue to offer incentives to attract and retain tenants such as rent-free periods, freezing rent periods, and extended fit-out periods, KPMG said.

Qatar First Bank EGM approves increasing paid-up nominal share capital to QR1.12bn

The increase in the bank’s nominal share capital will help the bank further strengthen its equity, balance sheet, and liquidity position, in addition to exploring investment opportunities.

Emirates NBD and Emirates Islamic unveil 'Future Banking' at Expo 2020 Dubai

Emirates NBD: Premier Partner and Official Banking Partner; Emirates Islamic: Official Islamic Banking Partner of Expo 2020 Dubai

Ahlibank launches ‘Transfer Your Salary and Save’ Campaign

"Ahlibank continuously aims to provide customers the right banking products and services with a seamless experience to achieve their lifestyle and financial aspirations while striving to be the bank of choice for all their financials needs."

Retail Banking