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

NBK reports 2019 net profit of KD 401.3

The Bank remains firmlycommitted to New Kuwait 2035 and is taking confident steps towards supporting its delivery.

KFH on the acquisition of Ahli United Bank

Ordinary and Extraordinary General Assembly Meetings And Public Press Conference

Alizz Islamic Bank approves share swap for proposed merger with OAB

The successful completion of the proposed merger would provide Oman Arab Bank with a larger Islamic franchise and asset base, allowing the bank to improve its interest income and deposit-gathering ability.

Dubai's DAE signs $300m loan deal with Chinese bank

Dubai Aerospace Enterprise says loan will support the future financing needs of the business

Azizi Developments Partners With Dubai Islamic Bank

Through Azizi’s agreement with DIB, those interested in investing in property can now avail customised finance solutions that are tailored exclusively for Mina.

Egypt- SAIB launches new brand identity

It is noteworthy that the development of the bank's brand has become necessary to reflect the new strategy adopted by the bank.

Customer deposits to total liabilities ratio of 8 listed Qatari banks grows in nine months of 2019: PwC

The total liabilities as on September 30, 2019 stood at QR1.38tn.

Ahlibank announces Tawfeeq Travel as its newest Credit Card Pearl Rewards Programme partner

Tawfeeq Travels will also offer a dedicated 24-hour service center for Ahlibank customers

QIB named ‘Best Islamic Bank in Qatar’ by EMEA Finance

The Middle East Banking Awards celebrates the achievements of banking institutions that have reported record profits, demonstrated the highest standards of services, developed innovative products, and achieved overall excellence in the banking industry.

Deem Partners with Mastercard to offer six new cards to customers

New cards offer choice of two loyalty programs - Cash Up and Miles Up

Lebanon’s Bank Audi Is Said to Receive Interest in Egypt Unit

Lender may sell the unit as part of restructuring process

Class of 2019: QNB

The Qatari bank is investing at home and abroad, growing its loan book and building strong operations in Egypt and Turkey.

Mashreq Bank provides escrow services to DIFC

Bank to open escrow accounts for owners’ associations in the financial hub’s jurisdiction.

Noor Bank’s board reconstituted

Interim board to manage Noor Bank and its integration into DIB

Moody's affirms Boubyan Bank’s ratings, outlook

The bank’s long-term and short-term deposits ratings were affirmed at ‘A3’ and ‘P-2’

NBB offer to acquire Bahrain Islamic Bank receives required minimum threshold of BISB shareholders acceptances

Therefore, the condition of 70% ownership by NBB of the issued share capital of BISB has been met as confirmed by SICO the Issue Execution Advisor, Receiving Agent and Allotment Agent.

BankDhofar receives Forbes Middle East award for Most Influential Business Leaders in Oman

Taking Forbes Middle East’s exclusive events style to Muscat for the first time

Why is e-commerce a key economic driver for UAE?

Cashless transactions have been around for a while, and more consumers are realising the convenience it brings.

CBO total foreign assets rose 2.9% by October-end 2019

Private sector deposits in commercial banks and Islamic windows showed a rise of 5.8% at the end of October 2019

2019 sees foreign card payments increase by 83% in Turkey

Maintaining its position as leader of the European bank card market, Turkey has seen an 83% rise in the card payments by foreigners, which rose to TL 75 billion and is expected to close the year at TL 81 billion

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