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

Arab Bank Group Reports USD 218.3 Million in Net Profits for the First Quarter of 2016

The first-quarter results are a testimony to the Bank's market leadership and successful strategy.

Kib’s Arzaq deposit hits record annualized rate of 2.15% in Q1

Arzaq offers flexible investment periods ranging from a month to a year, automatically renewed upon maturity along with possibility of premature cancellation and benefiting from the savings account returns.

Emaar Properties first-quarter profit up 17% to Dh1.21 billion

The profit increase came off the back of a 16 per cent hike in revenue, which rose to Dh3.5bn, up from Dh3bn a year earlier.

Abu Dhabi National Takaful Co. announces net profit increase of 18 per cent for Q1 2016

This independent report from an international rating agency comes as a testimony to our excellent performance that inspires us to further enhance our competitive product & service offerings.

UAE's Union National Bank Q1 net profit drops 27 pct

The bank's total net profit for the period was 450 million dirhams

Finance House Nets AED 25.5 Million in Q1 2016

As a combined result of the above, Total Operating Income for Q1 2016 soared by nearly 50% to AED 118.89 million compared to AED 79.35 million in Q1 of the previous year.

CBI Reports AED 36.5 Million net Profit Q1 in 2016

The high investment grade rating is supported by the strengthening of CBI 's balance sheet through the sale of non-core assets

The Changing Face Of The Middle East

Oil prices still hover well below the $50 mark.

Abu Dhabi bank trio hurt by bad loans amid weak economy

NBAD, the emirate's largest bank by assets, reported a 10.7 percent fall in net profit on an annual basis to 1.27 billion dirhams

Dubai Islamic Bank Plans $861 Million Share Issue for Expansion

Dubai Islamic Bank PJSC, the United Arab Emirates biggest bank complying with Muslim banking rules, said it plans to raise 3.6 billion dirhams from a share issue, as first-quarter profit increased.

FGB earnings hit Dh1.33b

Net interest and Islamic finance income grew flat to Dh1.586 billion, however it fell four per cent comparing with previous quarter.

Qatar's Barwa Real Estate Q1 profit falls 80%

Qatari Diar, a real estate-focused unit of sovereign wealth fund the Qatar Investment Authority, owns 45 percent of Barwa.

Avaloq achieves a record year

This rapid development is based on the continuous innovation of Avaloq’s software product, the Avaloq Banking Suite, as well as significant demand for BPO solutions.

NBF operating profit increases 18.5 per cent for Q1 2016

National Bank of Fujairah PJSC has announced its results for the three month period ended 31 March 2016.

National Bank of Abu Dhabi Q1 net profit falls 10.7%

Customer accounts and other deposits dipped 6.6 per cent over the same time period to reach Dhs 233.3bn as of end-March.

Dubai Islamic Bank Q1 net attributable profit rises 7.2 pct

EFG Hermes had forecast DIB would make a quarterly profit of 938 million dirhams.

Commercial Bank announces a net profit of QAR 274 million for Q1 2016

Commercial Bank continued actively supporting the Qatar National Vision 2030 agenda during the first quarter of the year.

Noor Bank Reports Record Increase in 2015 Net Operating Profit

The increase in profitability was fuelled by a 73% surge in fee and commission income and supported by a 35% rise in net income from financing.

UAE allocates $4 bln to Egypt for development and c.bank

Egypt has struggled to spur economic growth since its 2011 uprising ushered in political instability that scared off tourists and foreign investors, key sources of foreign currency.

Dubai's Mashreq Q1 net profit falls 18.3 pct

The bank made net impairments worth 366 million dirhams in the first quarter, the statement said, up from the net 196 million dirhams set aside for bad loans in the same three months of last year.

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