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

DFM Company posts profit

Liquidity in the banking system is comforting with deposits up 11% to AED 1.4 trillion and bank credit up 8% to AED 1.38 trillion by the end of 2014.

Commercial Bank net profit rises by 19.5pc

"Qatar's economy continues to diversify in line with the Qatar National Vision 2030. Commercial Bank's results for the first quarter of 2015 reflect the changing dynamics of Qatar's economy, with robust growth being generated from the

Saudi banks post SR11.2bn profit in Q1

Despite a tighter economic environment, the Saudi Arabian banks continued to record growing results in Q1, 2015.

FGB's gains increase 7pc

First-quarter net profit from First Gulf Bank (FGB) failed to match analyst estimates yesterday despite rising by seven per cent thanks to higher fee income

Dubai's Damac Q1 profit falls 38 pct; reveals dividend plans

Dubai's Damac Properties reported a 38 percent fall in first-quarter net profit

Arab Bank Group Reports First Quarter 2015 Net Profits of USD 217.2 million

Arab Bank Group reported net profit after tax and provisions of USD 217.2 million for the first quarter of 2015 compared to USD 216.3 million in the previous year

National Bank of Fujairah PJSC Q1 2015 net profit up by 29.6%

Continued growth momentum maintained on the back of bank's solid business focus and service delivery

Resilient economy boosts bank profits in first quarter

Nearly Half a dozen banks that reported their 2015 first quarter results on Wednesday showed the strong resilience of the UAE’s economy

Emirates NBD Announces First Quarter 2015 Results

Net profits up 60% to AED 1.7 billion on higher income and lower provisions

FGB slips off profitability top spot as earnings miss target

The Abu Dhabi-based lender FGB said its first quarter net profit increased nearly 7 per cent, missing analyst estimates and ceding its top spot as the country’s most profitable lender to Emirates NBD of Dubai.

First Gulf Bank quarterly profit falls short of estimates

First quarter net profit from First Gulf Bank failed to match analyst estimates on Wednesday despite rising by 7 percent thanks to higher fee income.

Commercial Bank of Qatar net profit falls 15.3 pct, misses forecasts

Commercial Bank of Qatar, the Gulf Arab state's second-largest lender by assets, posted a 15.3 percent drop in first-quarter profit on Wednesday as the bank set aside more cash to cover bad loans.

Doha Bank posts QR420mn Q1 profit

The bank’s total assets stood at QR74.2bn in March, up 6% (QR4.1bn) on the same period in 2014.

Al Khaliji Q1 net jumps 32%

The bank’s total assets reached QR53bn in the first quarter, up 21% on Q1, 2014 and 3% on Q4, 2014.

BBK's net profit rises 6pc to $39m

Earnings per share for the period have increased from 13 fils to 14 fils, said a report in the Gulf Daily News, our sister publication.

Gulf Bank posts a 12% increase in Net Profit in Q1 2015

Gulf Bank today announced a net profit of KD 9.8 million for the first quarter of 2015 which is a 12% increase over the same period in 2014

UAE bank ADCB Q1 net attributable profit rises 31 percent

Abu Dhabi Commercial Bank posted a 31 percent increase in first-quarter net profit on Tuesday, beating analysts' forecasts.

ADCB net attributable profit rises 31% in Q1

Abu Dhabi Commercial Bank posted a 31% increase in first-quarter net profit yesterday, beating analysts’ forecasts, boosted by strong returns from fees and lending.

UNB posts record profit for Q1-2015

UNB Group profit of AED 615 million for Q1-2015, up by 41% quarter-on-quarter

Qatar Re reports financial performance in 2014

In 2014 Qatar Re continued to post significant business growth at improving profitability. Two years after the Company’s strategic repositioning as a global reinsurer, gross written premiums increased by 60 per cent to $536 million, net income came

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