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

Boubyan Bank records net profit for year 2018

Boubyan Bank growth rate of 18% compared to the previous year

Emirates NBD Announces Full Year 2018 Results

AED 10 billion Net Profit up 20% y-o-y on higher income

Dubai's Biggest Bank Boosts 2018 Profit 20%, Beats Estimates

The state-controlled lender recommended a dividend of 40 fils a share, unchanged from a year ago.

NBK fourth quarter profit rises 17% beating analyst estimates on higher public spending

The country's largest lender reported a 15 per cent rise in annual profit boosted by increased spending on infrastructure

Gulf banks' consolidation should boost lenders' profitability, Moody's says

Bank mergers to increase pricing power and stem increase in funding costs

First Abu Dhabi Bank plans to raise $750m in sukuk

FAB is the first issuer in the Gulf to tap the international sukuk market this year

Cracks Start to Show for U.A.E. Banks as Bad Loans Set to Rise

Defaults are likely to increase in property and SME business

Emirates NBD reports Dh10 billion net profits for 2018

Total assets surpass Dh500 billion, proposes dividend of 40 per cent

Burgan Bank Honors Kuwait Fire Service Directorate for Their Continued Dedication to Employee Safety

Burgan Bank will continue its partnership with KFSD to accommodate the Bank’s staff with up-to-date training procedures and real-life learning programs to guarantee the safety and well being of our employees.”

Top Mideast banker pay cut by up to 25%

While banking salaries have been hit hardest, other industries are also suffering

Saudi's Riyad Bank picks Goldman to advise on talks with NCB: sources

Goldman also advised Saudi British Bank 1060.SE, which in October signed a deal to merge with rival Alawwal Bank 1040.SE to create Saudi Arabia’s third-biggest lender with a market capitalization of about $17.2 billion.

Saudi bank Al Rajhi in merger talks for its Malaysian unit with another lender

The Saudi lender has received preliminary approval from the Saudi Arabian and Malaysian central banks for a potential deal

CBFS ranked third in Qatar for brokerage services in 2018

The figures were published by Qatar Stock Exchange’s Brokers Trading Activity Report for the month of December 2018.

Kuwait to Loan Egypt $30 Million to Support SMEs

Egypt’s third biggest public lender, Banque Du Caire is close to securing a foreign loan from the Kuwait Fund for Arab Economic Development worth $30 million according to an insightful source.

Dubai Islamic Bank hires banks in preparation for Islamic bonds issue

The Tier 1 perpetual sukuk to be issued by the United Arab Emirates’ largest Islamic bank mimic some of the characteristics of equity because they lack a maturity date.

Commercial Bank of Dubai to take control of Abraaj assets secured against loan

Dubai-based Abraaj, worth $13.6bn, collapsed last year following turmoil triggered by a row with investors

Why Gulf Banks Are Merging Like Never Before

Growth in banking assets is highly correlated with that of regional GDP

First Abu Dhabi Bank: Proving its worth

The UAE’s largest bank is widely considered to have made a success of its merger and is now looking to realize its international potential.

Saudi banks set for most growth in four years

The kingdom’s central bank followed the Fed last month by raising rates 25 basis points because the riyal is pegged to the dollar.

QNB to Implement iGTB's Digital Corporate Banking Platform as It Strides Towards Becoming a Leading Global Bank by 2030

QNB's new global system will be able to handle high volumes and improve the efficiency of the bank's operations

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