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

Five Egyptian investment banks receive MENA Fund Manager Performance Awards

The MENA Fund Manager Performance Awards is the largest gathering of fund managers in the region.

CBI 2017 net profit surges 40pc to $47.6m

This was driven by significant recovery efforts as well as net income growth due to better control over expenses and resource allocation.

UAE's First Abu Dhabi gets securities licence in Saudi Arabia

FAB said last week that it was working on expanding its business in Saudi Arabia

Bank Sohar wins coveted award from ROP

The award, which marks the bank’s 1st recognition in the year 2018, was presented to the bank in acknowledgement of the originality, effectiveness and overall success of its two year Road Safety campaign ‘RakizWaSouq’.

Noor Bank opens new Bur Dubai branch

“While planning to establish a new branch, we carefully evaluated the location."

Oman Arab Bank reveals Hasaad Savings Scheme for 2018

Amjad added, “We are very excited about conducting the January draws in the next couple of days and announce the names of the first batch of lucky winners in the 2018 Hasaad Savings Scheme.

Dubai's Emirates NBD issues A$450 mln Kangaroo bond

This is the latest in a number of debt issuances in alternative markets by the bank

Qatari Commercial Bank to strengthen economic ties with Turkey

Qatari lenders also focused on diversity in financing sources since the country was boycotted by those Arab countries.

NBK Capital Partners exits $157m private debt fund

Alternative investment vehicle invested in mid-sized firms in the GCC and Turkey

Commercial Bank has ‘sufficient potential to grow’ in Qatar: CEO

Commercial Bank’s countrywide network now includes 29 full service branches and 179 ATMs.

Bank Sohar posts 33 per cent growth in net profit

"The bank has been consistent in maintaining exceptional financial performance because of our customer-focused strategies"

Doha Bank unveils aggressive Asian expansion plans

The third branch will be opening soon in Chennai city of the Southern Indian state of Tamil Nadu soon.

Commercial Bank plans to boost lending to state firms

The bank’s loan book expanded 14% last year, compared with 8% for the entire sector, Abraham said.

NBB reports record net profit of BD 61million for 2017

Earnings Per Share (EPS) for the year also improved to 48.4 fils for 2017 from 46.3 fils in 2016.

First Abu Dhabi Bank's 2017 profit crimped by merger costs

It said it had achieved around 500 million dirhams of cost synergies in the first year of integration, adding that it was evaluating its local activities and branch network.

Qatar's Commercial Bank reports Q4 profit jump, beating two forecasts

Commercial Bank is in talks with banks about a syndicated loan of up to $500 million, Reuters reported on Sunday, citing sources, with one saying the bank was also considering bonds as part of its normal funding pattern.

Abu Dhabi Commercial Bank Q4 net profit up 7%

Results bolstered by a rise in net interest and Islamic financing income

Commercial Bank of Qatar in talks about potential loan -sources

The rift involved the latter four cutting diplomatic and transport ties with Doha and led to banks from those countries pulling funds out of Qatar.

Arab Bank Group reports net profits of $533 million

The Board of Directors has recommended to the shareholders the distribution of 30pc cash dividends for the financial year 2017.

Kuwait Finance House's fourth-quarter net profit flat

Net profit was $154.6 million in the three months to Dec. 31

Retail Banking