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

Oman talks to banks about new loan of at least $1 billion

Rated below investment grade, Oman issued $2 billion in bonds last month

Bank Hapoalim Announces Third Quarter 2020 Financial Results

The bank continues to implement various cost efficiency measures

KFH introduces digital account opening solution – Baitek

Customers can enter the application and complete transactions

Qatar banks post strong growth in deposits: QCB

The commercial banks’ domestic personal deposits expanded more than 12% with those of non-Qatari individuals soaring 21% to QR44.91bn and those of Qataris by 10% to QR168.28bn in September 2020.

Turkey may need to deliver smaller rate hike: Morgan Stanley

Most forecasters surveyed by Bloomberg – including economists at Barclays Plc, Goldman Sachs Group Inc and UniCredit SpA – predict an increase of 475 basis points in the benchmark to 15%.

Qatar National Bank closes syndication of $3.5 billion loan

The loan included a $2 billion three-year tranche and a $1.5 billion five-year tranche and will be used for general corporate purposes.

Burgan Bank announces Net Profit of KD 32.6 million for the First Nine Months of 2020

As for the quarter ended September 2020, Burgan Bank announced a Net Income of KD 9.8mn compared to Q2'20 Net Income of KD 5.5mn

Saudi Banks Boost Main Stock Index Amid Recovery Bets: Inside EM

Tadawul All Share Index advances as much as 0.9% on Sunday

Saudi Arabia backs Egypt’s digital future, crafts with $6.4m grant

The bank’s portfolio in the medium, small and micro enterprises sector is worth about $600 million

Emirates NBD adjudged Best Retail Bank in the Middle East once more

The awards are testament to our customer-first philosophy and continued commitment to advancing digital banking innovation.

Bank ABC announces its Q3 and nine months 2020 Results

The year to date Net Loss attributable to the Shareholders of the Parent was US$56 MUS$67m at end of H1, continuing to be affected by an increase in Loan Loss Provisions largely related to a major fraud case and Covidillion, improved from -19 impact

Ithmaar Bank announces third quarter results

Continues its focus on customer-centric growth

BisB wins top Islamic banking award at Finnovex

BisB has continued to drive digital transformation in the financial industry, establishing itself as a pioneer of the Islamic finance industry and the leading provider of Sharia-compliant integrated financial solutions in the Kingdom of Bahrain.

Dubai's Emaar Malls reports net profit

Outlook for the remainder of the year remains positive as footfall gradually normalises in the properties

Mashreq posts $95.8mln net profit for 9 months

Maintained sufficient liquidity to offset market volatility and pandemic uncertainty

Bahrain Development Bank enhances financing activity to support SMEs

The bank is investing heavily in digital capabilities to drive customer centricity

Mashreq Bank's nine-month 2020 net profit down to Dh352m from Dh1.76b

On plus side, Dubai bank reported lower non-performing loans compared with second quarter

ila Bank launches a travel campaign

With customers increasingly opening multi-currency accounts and saving for travel plans through “Hassalas”, ila’s savings pot feature, this travel campaign complements ila’s existing intuitive offering which mirrors its users

Adyen to expand into the Middle East, opens Dubai office

This will enable Adyen's existing merchant base to easily move into the region and provide merchants from the region with access to the full strength of the Adyen platform.

Alinma Bank signs acquiring agreement with JCB International for local acceptance in the Kingdom of Saudi Arabia

Alinma Bank's extensive reach in the market will ensure that JCB cardholders will be able to use JCB Cards at their convenience.

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