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

Mashreq launches initiative to bring in #PositiveChange this Ramadan

A movement to raise awareness, support local businesses and individuals, and engage the wider community

Al Salam Bank-Bahrain successfully exits USD 182.5 million US Multifamily Portfolio

2,032-unit portfolio of multifamily communities located in North Carolina and Texas

QDB selects five competition winners to develop innovative solutions to tackle coronavirus

The initiative was supervised by experts and consultants from the various partner organisations, who provided all types of guidance to develop the ideas of the teams participating in the initiative, so that the best five ideas are finally chosen by a spec

FAB reports Dh2.4b net profit in first quarter 2020

Lower interest rates and higher provisions result in year on year decline in Q1 profits

First Abu Dhabi Bank's profit hit by impairment charges

With its strong balance sheet and capital position, First Abu Dhabi Bank (FAB) can "fully support customers and help to mitigate the wider economic impact by playing an integral role in the government’s targeted relief measures," Chairman

Peter Kenneth Sells Bank to Ksh2.5 Trillion Egyptian Firm

MBL is categorised as a small bank with 0.17 per cent market share as of February 2020, however, targeting high net worth persons and corporate institutions.

Qatar banks post more than 9% jump in total assets in March: QCB

Total credit of the commercial banks grew more than 12% to QR1.09tn at the end of review period.

KFH says no new updates regarding Bahrain’s Ahli United acquisition

Kuwait's ministry of finance has reportedly asked the country's sovereign wealth fund to look into the merger’s feasibility

Al Khaliji posts net profit of QR177mn in Q1

The bank's non-performing loans stood at 1.84% compared to 1.93% in the previous year period.

Kuwait banking association head says 25% of bank branches will open on Sunday

He was speaking at an online news conference.

Masraf Al Rayan posts QR547mn net profit in Q1

Total assets reached QR109bn in the first quarter

Doha Bank Q1 net profit surges 5% to QR324mn

Customer deposits were up about 1% to QR54.8bn, reflecting the strong liquidity of the lender.

Dubai’s CBD reports weaker first quarter profit on higher provisions

Net profit for the reporting period declined to Dh315m as the lender expects potentially greater loan losses during Covid-19 pandemic

Dubai’s Emirates NBD posts 24% fall in net profit for Q1 2020

Total income for the first quarter at Dh6.88bn remains fairly unchanged from Dh6.87bn in the preceding quarter.

Emirates NBD first-quarter profit dives 24%

Banks in the United Arab Emirates are feeling the impact of tough containment measures aimed at tackling the pandemic, which also brought parts of the economy to a near halt.

ECI inks strategic partnership with National Bank of Fujairah

The partnership between ECI and National Bank of Fujairah was sealed in a virtual meeting attended by senior officials from both organisations.

Qatar- Ahlibank reports net profit of QR180.4m for first quarter

In response to the COVID-19 pandemic, the bank immediately committed to take all preventive measures to protect the health and safety of all our customers and employees, while maintaining the best customer service levels and encouraging customers to use a

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