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

Global distributes USD35 million to its clients investing in its private equity funds

The Direct Investment Fund is Sharia compliant and also focuses on the GCC markets.

Strong first quarter for QInvest

The new company has been granted a license to operate by The Capital Markets Board of Turkey and is licenced to offer portfolio management to both individual and institutional investors.

EFG-Hermes loses EGP 63m during Q1 of 2016

The company’s financial results showed that its fees and commission income rose by 7% during the first quarter of the year, compared to 2015.

QInvest announced net profit QAR 37 million for Q1 2016

QInvest today announces a strong start to the year, with an increase of 36 per cent revenues for the first quarter to QAR 102 million ($28 million) and net profit up 34 per cent to QAR 37 million ($10 million).

Abu Dhabi's major investment drive mapped out in 2016 economic report

Oxford Business Group launches tenth-anniversary report on emirate's economy.

Aldar Properties Q1 2016 net profit increases 15%

In April, Aldar announced the launch of Yas Acres, an AED 6 billion golf and waterfront development including 1,315 villas and townhouses.

GCC bond, sukuk markets improve; IPOs weak in Q1

In sovereign issuances, the Central Bank of Kuwait and the Central Bank of Bahrain were the most active players during this quarter.

Credit Growth Expected To Slow

For the June quarter, respondents to a UAE Central Bank survey expect marginal tightening in credit standards, while the appetite for business lending is expected to improve further.

Dubai: Damac's Q1 2016 net profit slumps 15%

Cash and bank balances for the developer stood at $2.5bn (AED9.4bn), while development properties' value was also recorded at $2.5bn (AED9.4bn) for the period.

Burgan Bank Group announces 2016 Q1 earnings

Reported net income for the first quarter attributed to equity holders of the bank is KD14.3 million and earnings per share is 4.4 fils.

Batelco posts 2016 first quarter net profits of BD 9.6 Million

Revenues continue to be impacted by competitive pressure in a number of markets across the Group.

Ahli United Bank B.S.C. reports a Q1/2016 profit of US154.6 million attributable to the shareholders of the bank

Despite continuing weak economic trends into 2016, AUB continued to grow its operating income underpinned by an effective balance sheet management strategy

Khaleeji Commercial Bank announces excellent financial results

The bank is continuously expanding its business to reach the gross assets of BD 672,3 Million a growth of 2.8% compared to the same period in last year.

Emirates Development Bank reports Dh350m profit for 2012-2015 period

Bank assets grew 50% to Dh6.9b while deposits rise by Dh1.6b to Dh5.5b, a 41% gain during period

UAE indices fall as bank results continue to weigh

Emaar Properties closed more than 2 per cent lower at Dh6.50 despite posting better than expected results

Waha Capital Q1 profit drops 3.5 pct on higher costs

Waha Capital, which owns a stake in AerCap , the world's largest aircraft leasing firm, on Tuesday posted a 3.5 percent drop in first quarter profit, partly due to higher costs offseting positive revenues.

Jordan Islamic Bank posts profits after tax of US$ 16.5m

These results reflected on the key performance indicators of the bank, where the Capital Adequacy Ratio (CAR) stood at 20.88%

Bank of Sharjah net profits down 5%

When compared to the December 31, 2015 figure, total assets remained the same.

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.

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