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

Qatar First Bank reports a net income of QAR 66 million in 2015

Looking ahead, QFB management team is very well aware that there is still a great deal of work to be done on the bank's journey to success.

Global Investment House reports KWD16.4 million revenues

During 2015, the Asset Management business remained resilient with KWD1.1 billion of assets under management.

GCC banks post 9.1% loan growth

Net profit of Qatari banks declined 2.1 per cent, Global Investment House said in its Banking Sector Quarterly report.

Commercial Bank of Kuwait presents financial results at AGM

The attached financial statements provide detailed information on results and disclosures required by the law, regulatory authorities and address issues that are of concern to the various stakeholders of the Bank.

KFH Group Chairman presents 2015 Annual Report – Bank continues to manage risks efficiently and make required provisions

This increase comes on the back of an increase in net financing income which reached KD 393 million

Kuwait's Burgan Bank Q4 net profit rises 31 pct

An analyst at HSBC forecast the Kuwaiti lender would make a quarterly net profit of 18 million dinars.

National Bank Of Abu dhabi Bows To Pressure with Dividend Hike

The UAE central bank has already flagged concerns about dividend payments and safeguarding bank liquidity, telling lenders they would need to get payouts approved.

Mixed fortunes on UAE bourses

The Dubai Financial Market General Index shed 1.4 per cent to 3,350.85, its sharpest fall in more than a week, as investors booked gains.

Gulf salaries on track for weakest rise in a decade

In Saudi Arabia, the average salary is expected to increase by 5.9 per cent, the highest in the region, marginally beating the inflation rate of 4.7 per cent this year, the study noted.

OAB announce financial results for 2015

The Bank registered strong income and balance sheet growth in 2015 while strategic investments were made to upgrade the Bank’s infrastructure and build sustainable business momentum.

Al Masraf profits increase by 11 per cent to AED 405 million in 2015

The Arab Bank for Investment and Foreign Trade (Al Masraf) recorded a net profit of AED 405 million in 2015—reflecting a growth of 11 per cent as compared to the AED 366 million profit it posted in 2014.

AUB acquires 40 percent shares of MEFIC Capital

It has business operations spread out across seven different countries.

FGB announces 100% cash dividend for 2015 at Annual General Meeting

This reflects our recommendation to distribute 100% cash dividends.

UAE's First Gulf Bank says profit can grow 6 pct this year

Net interest margins will improve this year with liquidity conditions

Emirates NBD Egypt PMI

Average tariffs also rose for the first time in six months, albeit only marginally.

QInvest Doubles Shareholders’ Dividends

The bank has previously announced the conclusion of a 5-year US$200 million Murabaha facility with a syndicate made-up of local and international investment banks

Profit repatriation impedes acquisition deals in local market

CBE failed to resolve repatriation problems, which hindered flow of foreign direct investment, say Experts

Gulf International Bank b.s.c. announces a 5.6 per cent increase in full year profit to $90.4 million

This growth principally reflected increases in both the loan volume and loan margins, as the Bank continues to successfully re-orientate its lending activities from transactional-based long-term project and structured finance to relationship-based large a

UGB announces results for 2015

UGB 's Board of Directors will not be recommending any dividends for 2015.

UAE bank UNB expects limited profit and loan growth in 2016 - CEO

The impact of lower growth has already started to feed through into the earnings of some UAE banks.

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