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

Alubaf posts net profit of $22.2m

Operating expenses resulted in a saving of $286,000 and reduction by 4.5pc compared with the same period last year.

Ibdar Bank H1 revenues up 51pc to $11m

Total profits for the period, also increased by 79 per cent to $2.54 million after considering an impairment charge of $2.2 million relating to legacy assets.

QInvest announces 40% revenue growth and strong profitability for H1 2015

Despite these strong results, QInvest continues to monitor its investments carefully, given the challenges that markets still represent going forward.

Ibdar Bank revenues up 51 per cent for first half of 2015

Ibdar Bank has announced its financial results for the first half of the year ending 31 December, 2015 marked by improved performance and profitability.

Al Baraka raises net income by five per cent for H1 2015

The balance sheet items achieved moderate increases, as total assets increased by two per cent, total financing and investments by two per cent and customer accounts by one per cent at the end of June 2015 compared to the end December 2014.

Shuaa Capital second quarter net profit falls 72%

The second quarter revenues and net profit were AED 59.7 million and AED 1.7 million respectively, as compared with revenues of AED 52.0 million and a net profit of AED 6.2 million in Q2 2014.

Banque du Caire targets total profits of EGP 2.7bn by end of 2015

We require financing of EGP 7bn for completion of real estate units for individuals, says Matar

Noor Bank reports increase in profit by 26 percent to AED 272 Million for H1, 2015

Noor Bank today reported record net profits of AED 272 million for the first six months of the current year ending June 30 (H1, 2015) up 26 percent from the same period last year.

Aldar Properties net profit up 18%

In July 2015, Aldar announced that it had made the decision to adopt IFRS 15 revenue recognition accounting policy early

IPO performance improves in GCC - PwC

IPO performance in the Gulf Cooperation Council showed signs of recovery in terms of the number of offerings and total money raised in the second quarter of 2015 compared to the first quarter suggesting some interest in listing ahead of the traditional q

Barwa Bank total assets up by 16%

Driving healthy growth and diversification across its portfolio of products and services, Barwa Bank, Qatar's most progressive Shari'ah compliant service provider, capped the first half of 2015 with noteworthy financial results.

Emaar profit up 12%

Developer's H1 revenue rises 13% as demand for its projects rises

DGCX Records 15% Growth in Daily Volumes and Highest Monthly Open Interest in July

Year-to-date volumes on the Dubai Gold and Commodities Exchange registered a growth of 11% from the same period last year, trading over 7.5 million contracts.

Ahlibank reports 11% rise in H1 net profit

Ahlibank reported an 11 per cent increase in its net profit for the six months period ended June 30, 2015.

UAE bank NBAD sees government deposit outflow easing after $10 bln H1 exit

Bank books 166 mln dirhams in impairments, down 22.6 percent

BisB announces net profit for H1 2015 of BHD 8.2 million

Bahrain Islamic Bank announced that it has realised BHD 8.2 million as net income for the six month period ended 30 June 2015, compared to BHD 4.0 million for the same period last year, an increase of 105 per cent.

NBAD Reports 2nd Quarter 2015 Results

Strength in Wholesale flow products, Retail & Commercial and International

Bahrain Islamic Bank realizes 105% half yearly profit compared to last year

BisB announced that it has realized BD 8.2 million as net income for the six month period ended 30 June 2015, compared to BD 4.0 million for the same period last year, an increase of 105%.

Dubai Islamic Bank Q2 net profit jumps 35 pct, beats forecasts

The bank continues its drive to support the government’s efforts to develop national leaders

Bank ABC Announces Half-Year 2015 Net Profit of US$96 Million

Net profit for the second quarter was US$44 million, 33% lower than US$66 million reported for the same period last year.

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