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

Bank Muscat posts net profit of OMR163.36 million

Net loans and advances including Islamic financing receivables increased marginally by 0.5 per cent to OMR8,918 million as against OMR8,878 million as of December 31, 2019.

Israeli lenders Hapoalim and Leumi sign accords with National Bank of Bahrain

in both nations to tighten economic ties

Bank ABC enters agreement to acquire Blom Bank Egypt

The acquisition is expected to complete in Q2 2021, and a further announcement will be made at that time.

Dukhan Bank names winner of its QR1m Thara’a grand prize

Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes.

Bank ABC acquires Blom Bank Egypt for $480 million - sources

The Bahrain-based bank has an Egyptian subsidiary, Bank ABC Egypt, in which it owns a 93% stake.

QNB’s total assets reach QR1 trillion

Operating Income increased by 1 percent compared to last year despite the impact of COVID-19 and the decline in oil prices.

Qatar National Bank profits drop 16% as loan loss provisions rise

The profit was slightly above the mean forecast of 11.7 billion riyals by seven analysts, based on Refinitiv data.

HSBC launches Voice ID

The new form of verification aims to make the process easier for customers by reducing the need to memorise PINs and answer additional security questions.

Ahlibank names winner of Al Rabeh Savings Scheme

Ahlibank is delighted to announce Mona M Al Khayyat as the winner of the QAR 2,022,000 December 2020 draw.

FAB issues five-year US$500 million Sukuk

The deal also attracted high quality Islamic and conventional investors from the Middle East, Asia, UK and Europe.

Al Salam bank - Bahrain launches its latest personal and property financing campaign

Offering up to a One-Year Grace Period and the Opportunity to Win Back up to 6-Months Installments

SINNAD partners with Ithmaar Bank in Bahrain for cards processing

The partnership with SINNAD would also enable us to introduce new products and services that exceed customer expectations, in a safer and more protected environment while using Ithmaar Bank cards.

QIB launches fully integrated postal delivery PoS

Customers are given an option to pay by simply tapping their contactless bank cards on the PoS.

Al Salam Bank Bahrain Launches Its Latest Personal and Property Financing Campaign

The second period will take place during the holy month of Ramadan, where the bank will announce weekly winners a total of 4 winners.

QIB named ‘Best Islamic Bank in Qatar’ for 4th consecutive year by EMEA

The award marks QIB’s strong financial performance and the successful implementation of its business strategy.

Qatari banks Masraf Al Rayan and Al Khaliji set for merger

The merger agreement is conditional on, amongst other things, obtaining regulatory approvals and upon the requisite resolutions being passed by the shareholders of Al Rayan and Al Khaliji

Qatar banks' funding, liquidity profiles to get boost from end to blockade: Fitch

Some banks replaced some of their price-sensitive deposits with interbank borrowings in 2020 to reduce their cost of funding and alleviate the pressure on margins due to the coronavirus pandemic

Abu Dhabi’s Top Bank Follows Dubai Rival to Dollar Bond Market

Gulf banks are joining a wave of global borrowing after yields crashed following unprecedented stimulus by authorities to keep economies afloat during the coronavirus pandemic.

Bank deal creates second-largest lender in Qatar

The deal between Masraf Al Rayan and Al Khalij Commercial Bank is valued at 8.2 billion riyals ($2.2bn), according to Bloomberg data.

Mashreq may move jobs to India, Egypt or Pakistan to save costs

Relocation plan expected to be completed in three phases by October this year

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