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

UAE’s Abu Dhabi Commercial Bank to exit Qatar and Kuwait

The move comes after the bank sold the majority of its banking portfolio in India to DCB Bank.

UAE's First Abu Dhabi Bank Q3 net profit up 3%

FAB made a net profit of 3.11 billion dirhams ($847 million) in the three months ending Sept 30, compared to 3.02 billion dirhams in the prior-year period, it said in a statement.

Commercial Bank customers can subscribe to IPOs through digital service

This new feature allows customers to easily subscribe when an IPO is released, with the ability to scan documents and send attachments with their online application.

Al Wathbah, Meethaq SME and Najahi join in Riyada’s SME Forum

It is expected that this initiative will create 3,000 additional jobs in the SME sector.

RAKBank reports Dh839.4m nine-month net profit

Diversified income streams and decline provisions support profits

Bank of Sharjah announces financial results for the period ended 30 September 2019

Net profit for the period ended 30 September 2019 reached AED 172 million

NBB records 1.8% increase in net profits for the first nine months of 2019.

Operating income during the nine months witnessed an increase of 7.2% year-on-year to BHD 94.9 million (USD 252.4 million) compared with BHD 88.5 million (USD 235.4 million) for the same period in 2018

Qatar's Commercial Bank still looking to sell United Arab Bank stake

Commercial Bank continued to classify its shares in UAB as an "asset held for sale"

Noor Bank's profit rises 12% to AED 595 million

Noor Bank achieved a 15.2 per cent annualised return on shareholders' equity

QNB announces financing of Baladna IPO subscriptions

QNB provides innovative ways to enable customers to register on all IPOs either for themselves or on behalf of their relatives and children.

Saudi Arabia hires JPMorgan, Standard Chartered for $2.5 bln sukuk

Saudi Arabia has borrowed extensively over the past few years to offset the impact of lower oil prices on state revenue.

Standard Chartered brings real-time onboarding to the UAE for the first time

Real-time Onboarding solution will provide Standard Chartered clients with instant credit card approval and digital cards in as little as 10 minutes

Alinma Bank sustains growth in all activities

Net profit for the third quarter of 2019 was SR713 million.

Gulf Bank wins ‘Best Nationalization Initiative in the Private Sector’ award

Bank recognized for Kuwaitization achievements at prestigious GOV HR summit

Burgan Bank posts strong earnings with Q3’19 net income of KD 22.7m

9-month net income of KD 67.5 million, return on equity of 10.4%

Global Finance Names NBK “Best Emerging Markets Bank” in 2019

NBK was selected based on the Banks performance over the past year and other criteria

Dubai’s Biggest Bank Plans $1.76 Billion Rights Share Sale

Emirates NBD to offer 758.8 million shares at 8.5 dirhams each

ENBD launches rights issue to raise $1.75bn

The new shares will be allocated to eligible persons on Monday, 25 November 2019.

Interview: UAE's RAKBANK ups fintech game for money transfers, renews SME focus, says CEO

We have a much bigger balance sheet now, and we have grown in other areas of banking, says RAKBANK CEO Peter England

Bank Muscat net profits in nine months

Bank Muscat has announced its preliminary results for the nine months ended on September 30, 2019.

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