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

National Commercial Bank net profit rises 0.3% to $3.04bn for 2020

Total shareholders’ equity, excluding minority interest, rose by 16 percent YoY to SR 79.41 billion in 2020.

FAB partners with Mastercard to enhance commercial payments for UAE businesses

Partnership aims to make commercial payments more seamless, secure and convenient

UAE's biggest bank returns to debt markets for fifth time in 2021

Sources say First Abu Dhabi Bank has hired advisers to market a euro-denominated deal

Saudi Arabia to introduce faster interbank instant money transfers this month

New system will allow payments to be processed 24 hours a day and within seconds

HSBC's business clients in UAE can now make 'virtual' card payments

UK bank says it's a regional first and comes with promise of enhanced security

Doha Bank Achieves Net Profit of QR. 703 Million for 2020

At the same meeting, the BOD has decided to present a recommendation to the General Assembly to distribute cash dividends to shareholders for QR (0.075) per share.

Oman Development Bank grants loans worth over OMR120mn

Oman Development Bank continually seeks provision of the necessary services and products required for the development of the projects in the industry sector.

Bank Albilad 2020 net profit up 8% to $346.6m

In Q4 2020, the bank reported a net profit of SR 377.8 million, an increase of 16 percent year-on-year (YoY).

Qatar banks headed for more mergers

Pressure on profitability and common government ownership to drive consolidation

Qatar First Bank acquires '“Huntsman International' HQ in Texas

Waterway Plaza I is an immaculate and truly stunning Class A+ building located in the Woodlands, the most desirable suburban area of Houston.

Dubai’s largest bank positive about UAE equity markets in 2021

The UAE markets are at attractive valuations with the Dubai index at 12.3X and the Abu Dhabi Index at 14.7X forward earnings

Brand value of world’s top banks drops for 2nd year in row

In this year’s report, covering the period during the coronavirus pandemic, the total value was down 4 percent to $1.27 trillion.

GIB main partner of Saudi International golf tournament

The Saudi International is the third professional golf tournament to be held in Saudi Arabia, which reflects an effort to further establish this international game in the Saudi sports environment.

Al Rajhi Bank posts 4% profit rise to $2.82bn in 2020

The fourth-quarter net profit jumped 35 percent YoY to SR 3.121 billion.

RAKBANK reports net profit of AED 505.4 million for 2020

Bank's Full-Year 2020 Net Profit decreased by AED 589.9 million

Bank Nizwa’s wholesale banking records remarkable growth in 2020

“Bank Nizwa’s growing, multi-industry portfolio under its wholesale banking group is a testament of the trust our clients place in our services.

NCB plans name change to 'Saudi National Bank' after conclusion of intended merger with Samba

Proposed name reflects the creation of a National Banking Champion for Saudi Arabia through the merger of two of the country's leading banks

QNB among top 40 global banks by market cap

QNB was also recognised as the most valuable banking brand in the Middle East and Africa, increasing its brand value to more than $6bn in The Banker’s Brand Finance Global 500 2020 report.

QNB breaks into Top 50 in ranking of world’s most valuable banks

QNB breaking into the top 50 of Brand Finance’s ranking of the most valuable banking brands and recording an uplift in brand value is a particularly impressive feat given the turmoil that the sector is currently experiencing.

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