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

UAE's CBI reports Dh111 million net profit in 2019

Improved cost efficiency and asset quality to drive profitability

Ebdaa Bank chairman in Forbes ‘most powerful’ list

Al-Qahtani highlighted that these successes confirm Arab women are capable of creativity whenever they are given confidence and a proper place

Bank ABC's net profit for 2019 surges to $194m

On the financial front, ABC Group achieved a robust net profit attributable to shareholders, of $194 million, after absorbing the impact of challenging conditions and the cost investments referred above.

Emirates NBD remains UAE's top banking brand with a value of USD 4.13 billion

Bank ranked among top 100 global banking brands; 2nd in the Middle East and Africa region

Ahli Bank registers net profit growth of 7.7% in 2019

Despite the increase in loans and advances and financing, the bank was able to maintain its non-performing loans at 1.74 per cent, the best amongst the peers, due to its prudent risk management approach.

UAE's largest bank said to cut hundreds of jobs

Sources say First Abu Dhabi Bank is the latest UAE-based lender to shed staff as sluggish growth weighs on the finance industry

Brand Value of World’s Largest Banks Contracts First Time since Financial Crisis

Qatar National Bank dominates in the Middle East with 20% growth

Dubai’s CBD reports 20.5% profit increase on higher revenue

Net profit for the full year jumps to Dh1.4 billion as revenue climbs 11% to more than Dh3bn

Kuwait's Boubyan Bank hires arrangers for dollar sukuk

Boubyan Bank will meet fixed income investors in Dubai and London ahead of the potential benchmark debt sale.

SABB named top trade finance bank in Saudi

The award is especially meaningful, given that it is based on the votes from Saudi corporates, who described SABB as the leading provider of trade finance products and services in the Kingdom.

Bank AlJazira profits up 162% in 2019

The growth in profits was attributed to the increase in profits mainly to a decrease in Zakat charges

RAKBank 2019 net profit at Dh1.09b

Total assets grew 8.4 per cent year-on-year with loans higher by 4.1 per cent

Apple in Talks With Banks to Bring Apple Pay to Israel

This is between a quarter and a third of the credit card issuer's revenue from the transaction (bank or credit card company), which should only be paid for the right to pass through ‌Apple Pay‌.

Mashreq reports slight improvement in full-year 2019 net income

The lender is pivoting to digital banking to cut costs and improve efficiencies

QNB Continues to Top Banking Brands in MEA with Its Brand Value Reaching US $6.028bln

QNB Group's brand continued to be market dominant in the MEA and affirmed its AAA- brand strength rating with a positive outlook, making it also the highest rated brand in Qatar.

Bank Muscat board proposes 40% dividend for 2019

Besides, they will also receive bonus shares in the proportion of 1 share for every 20 ordinary shares aggregating to 154,739,168 shares of OMR0.100 each amounting to OMR15.474 million.

Arab Bank Group reports a 3.2 per cent increase in 2019 net profits

In view of the solid results, the board of directors recommended the distribution of 30 per cent cash dividends to the shareholders for the 2019 financial year, making a total dividend pay-out of over $ 270 million.

National Bank of Fujairah underscores focus on Emiratisation

Emiratisation has always been at the center of our award-winning HR strategy and we are committed to cultivating the right type of talent to help drive their banking careers forward.

Saudi private sector credit continues uptrend

The banking sector profits jumped 7.4 per cent in December as against the losses witnessed in previous two months.

Central Bank of Egypt pilots e-KYC solution for financial inclusion

The project enables customers to open bank accounts electronically

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