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

Financial Results For The Six Months Ended 30 June 2015

For the six months of 2015, Net Profit was QAR5.6 billion (USD1.5 billion), up by 10.2% compared to last year.

QNB profit jumps 10%

QNB’s total assets increased by 10% to QR511bn, the highest ever achieved by the group.

Abu Dhabi lenders’ earnings grow 11% in Q1

New financial zone will offer a zero-tax environment for 50 years.

Dubai sovereign wealth fund sees profits surge 62%

Investment Corporation of Dubai, the emirate’s sovereign wealth fund has reported increased profits of $7.75 billion (AED28.5 billion) for 2014, up by 62 percent on the previous year

Barwa Bank profits rise 4pc in first quarter

Barwa Bank 's net profit soared by four percent to reach QR209m for the first quarter of 2015

Citigroup Ascends League Table as M&A Drives Mideast Fees

Citigroup Inc. is scaling the league table for investment banking fees in the Middle East

Pinsent Masons announces annual results

Our partners, and in particular my predecessor David Ryan, take credit for having developed a fantastic platform for success.

KFIC Re-schedule KD 20.6 Million & Reduce its Annual Payments from KD 8 Million to KD 4 Million

The Chairman of Kuwait Finance and Investment Company ( KFIC ) Saleh Yacoub Al-Homaizi, announced that the company has succeeded before the end of last year

Ibdar Bank net profit soars 200pc to $3m in Q1

Bahrain-based Ibdar Bank said that its financial results for the first quarter of the year was marked by strong performance and profitability

NBAD-Egypt represents 8% of bank's total activities

The National Bank of Abu Dhabi's activities in Egypt represent 8% of the bank's total activities, according to Mark Yassin, NBAD's Senior Managing Director and Head of Global Banking.

Dubai wealthy help Mashreq consumer banking unit increase revenue by 25%

Higher income from fee-generating divisions like foreign exchange and bancassurance have added to improved growth at the wealth management and SME banking units, said Farhad Irani, head of retail banking at Mashreq.

Ibdar Bank announces USD 3 m profits for Q1/2015

Ibdar Bank, the Bahrain based wholesale Islamic investment bank, today announced its financial results for the first quarter of the year ended March 31, 2015 marked by strong performance and profitability.

Global: The crisis is behind us... and growth opportunities are ahead

Global Investment House held today a press conference entitled "Global and the future"

Bahrain sovereign fund Mumtalakat 2014 net profit up 10.8%

The fund holds stakes in Bahraini companies including Aluminium Bahrain, Gulf Air and Batelco.

Profit tumbles at investment bank The National Investor

The investment bank was hit by a loss of Dh8m on investments carried at fair value and Dh7.3m in expenses relating to legal case involving a Dubai property project.

Amlak Posts Restructuring Report on DFM

The report outlines key financial highlights from the year 2008 to date and important events throughout its restructuring process.

NBK-Egypt reports EGP 126.3 million in net profits in the first quarter 2015, up 30.2% y-o-y

NBK Group has the widest banking presence in 4 continents worldwide.

Egypt's National Bank records 25% Rise in 6-month Profit before Tax

Egypt's biggest state-run bank, the National Bank of Egypt reported a 25 percent growth in profit before taxation during the first six months of current fiscal year.

Al Baraka Banking Group announces $69 million net profit for first quarter of 2015

The Bahrain based leading Islamic banking group, Al Baraka Banking Group BSC announced a net profit of $69 million for the first quarter of 2015, reporting an increase of 3% over the net profit of the same period of last year.

Three Israeli banks report higher 1st quarter earnings

Bank Hapoalim, Israel Discount Bank and First International Bank beat analysts’ forecasts.

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