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

IGIH reports net profit of $16.2m for H1

Net earnings were $16.2 million as at 30th June 2015 against $18.5 million for the same period last year.

NBK - Egypt reports net profits of EGP 284 million for 1H 2015

This strong performance is attributed to the bank's conservative strategy as a member of the NBK Group.

Union Insurance Company Reports a 12% Increase in Gross Insurance Premium in H1 2015

The company's total assets increased from AED890 million at year-end 2014 to AED982 million as of 30June 2015.

Global Reports KWD2.8 million net Profit in First Half 2015

During H1 2015, The Asset Management business remained resilient with KD1.2 billion US$4 billion of assets under management.

Waha Capital Q2 profit drops 85% after one-off gain in 2014

Waha a year earlier recorded a one-off gain of AED1.31 billion from its investment in Aercap Holdings.

GFH reports $13.6 million net profit for H1 2015

GFH Financial Group, today announced its financial results for the first half of 2015 ended June 30, 2015.

ADNIC announces Q2 2015 results

Abu Dhabi National Insurance Company announced today its financial results for the second quarter ended June 30th 2015.

EFG Hermes Reports Net Profits of EGP 125 million during 2Q 2015

Despite very challenging market conditions, EFG Hermes continues to deliver strong financial results, with net recurring profits up 38% Y-O-Y, excluding one-off gains recorded in 2Q 2014

UGB announces results for the first half of 2015

United Gulf Bank B.S.C. UGB today announced a net profit attributable to shareholders of parent of $ 5.2 million for the six months ended 30 June 2015 compared to US$ 16.4 million in same period last year.

Finance House H1 profit soars 8.2%

The finance company said on the back of a sustained growth in the lending book and targeted expansion of the fixed income portfolio

Emirates Investment bank first-half profit down 21%

Meanwhile, low oil prices and high levels of market volatility have impacted portfolio valuations in 2015, contributing to the cooling in our second quarter profit.

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

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