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

Bank Muscat Q4 profit drops in absence of insurance payout

Oman's largest lender posts 26.6 pct drop in Q4 2014 net profit

Saudi's Al Rajhi Bank Q4 net profit falls 1.8 pct, misses forecast

Al Rajhi Bank , Saudi Arabia's second-largest listed lender, posted a 1.8 percent drop in its fourth-quarter net profit

The Saudi Investment Bank reports 2014 net profits up 11.63 per cent

The Saudi Investment Bank reported Q4 2014 net profits up 14.75 per cent at SAR 375 million

Banque Saudi Fransi posts robust net profit for 2014

Revenues were supported by special commission income amounting to SR3.8 billion

Saudi Hollandi Bank Q4 net profit rises 33 percent

The bank cited an increase in operating income

QNB Q4 net profit up 5.5 pct

Qatar National Bank (QNB), the largest lender in the Gulf Arab region, reported a 5.5 percent rise in fourth-quarter net profit

Saudi's Riyad Bank Q4 net profit up 2.9 pct, beats forecasts

Riyad Bank, Saudi Arabia's third-largest lender by assets, posted a 2.9 percent rise in its fourth-quarter net profit on Sunday, beating analysts' average forecast.

CI affirms new ratings of Al Rajhi Banking & Investment Corporation

Capital Intelligence today announced that it has affirmed the ratings of Al Rajhi Banking & Investment Corporation, based in Riyadh, Saudi Arabia.

VP approves Dubai’s budget with no deficit ,

Government revenue figures show Dubai's success in increasing public revenues for fiscal year 2015 by 11 per cent compared to revenues for the fiscal year 2014.

Oman’s Bank Dhofar to raise capital as much as $300m

Oman’s Bank Dhofar, the third-largest lender in the sultanate by assets, plans to boost its capital by issuing up to 115.5 million rials of Tier 1 capital instruments in 2015

NBAD Sukuk income fund delivers 2.33 per cent dividends

The National Bank of Abu Dhabi NBAD’s Sukuk Income Fund has earned a total income of $798,923.60 which is equivalent to 2.33 per cent of the Net Asset Value as at 27 November 2014 which includes the intended dividend pay-out of $0.1203 per unit.

Qalaa Holdings 3Q14 revenues rise 11 per cent QoQ to EGP 1.7 billion

For the nine months ending 30 September 2014, Qalaa Holdings accordingly reports Revenues of EGP 4,654.1 million, a 34 per cent y-o-y rise compared to the 9M13 pro forma figure of EGP 3,465.2 million.

Emirates NBD forecasts strong retail banking growth in the year ahead

Retail asset growth and improved asset quality expected to support profitability

UAE corporates outperform GCC

Earnings surge 33.5 per cent in first nine months of 2014; banks drive Dubai’s 55.5 per cent leap to $5.1 billion

Israel’s Bank Leumi Boosts Provisions for U.S. Tax Probe

Bank Leumi Le-Israel Ltd. said it’s setting aside more cash to cover the costs of an investigation by New York’s banking regulator into whether the second-largest Israeli bank helped U.S. citizens evade taxes.

Net Income of Al Baraka Bank Egypt Rises by 41% during the First Nine months of 2014

The Bank's financial statements for first nine months of 2014 shows that the total income stood at 1.3 billion LE (approximately US$ 183 million), increasing by 17% compared to same period of 2013.

Barwa Bank net profit rises by 43% in the third quarter of 2014

The results show an increase in the bank's net profit by 43% to reach QAR 641mn compared with QAR 447mn for the same period in 2013.

NBK-Egypt reports EGP 273.5 million in net profits in the nine-month 2014, up 5.6 per cent y-o-y

National Bank of Kuwait-Egypt, the subsidiary of National Bank of Kuwait Group (NBK) in Egypt, reported net profits of EGP 273.5 million in the first nine months of 2014 compared with EGP 259 million in the same period last year, an increase of 5.6 per ce

Net Profits of Al Baraka Turk Participation Bank rise by 21 percent in first nine months of 2014

Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced that it had achieved a distinguished increase of 21 percent in its net profit in the first nine months of 2014 compared to the same period of 2

BLME reports operating income of GBP 13.4 million for 9M 2014

BLME Holdings plc today issues its Interim Management Statement relating to the period ended 30th September 2014.

Wealth & Asset Management