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

Jordan's Arab Bank group says 2017 net profit unchanged at $533mln

Total loans rose 6 percent to $25.1 billion while deposits rose slightly to $33.8 billion

HSBC sidesteps high-profile Qatar deals in Gulf gauntlet

The move initially hit Qatar’s growth but by the end of 2017 its economy had largely recovered.

Saudi bank merger outlook to be clear by end-Q1 -central bank chief

Earlier this month, sources told Reuters the merger had been delayed but not derailed in part because the Saudi regulatory environment for bank acquisitions was relatively untested.

BMI Investment Arm to Sell Shares in 30 Firms

The law mandates all banks and financial institutions to privatize at least 33% of their excess assets every year, especially those engaged in “non-banking activities”.

Qatar's Doha Bank Q4 net profit surges 76.4 pct

The bank said the board was recommending distributing a cash dividend of 3 riyals per share for 2017, the same as the previous year.

Doha Bank ETF to hit market next month

The QETF will invest and replicate the Qatar Index largest 20 companies in terms of market capitalization and liquid listings.

Emirates NBD issues $285 million Formosa bond

Emirates NBD, majority owned by Dubai's Investment Corporation, reported a 17 percent rise in fourth-quarter net profit last week boosted by loan growth, interest rate rises and higher sales.

Doha Bank sees 5%-7% profit growth in 2018 despite standoff

Market momentum, project expansions, non-hydrocarbon growth and a “good budget” are all factors that will help growth, Seetharaman said.

QIIB’s 2017 net profit rises 6% to QR832mn

The government’s policies have turned the blockade into an opportunity and the actions taken by the QCB have contributed to the sector’s financial stability and helped it overcome any effects or consequences of the blockade.

DIB brings first GCC bank paper this year

The deal could be the first bank bond from the Gulf Cooperation Council so far this year.

Doha Bank launches new fixed deposit scheme

Customers can choose from deposit tenures ranging from two to five years for their Al Jana 7 term deposits.

NBK reports KD 322 mln in '17

The NBK Board of Directors proposed the distribution of 30 fils per share cash dividend, representing 30 percent of the nominal share value.

Alinma Bank unveils E-Payment Gateway service

The new service can be accessed by customers having a current account with the bank.

SABB named ‘Best Trade Finance Service Provider’ by Euromoney

The feedback takes into consideration corporates’ view on their banks' ability in providing Trade Finance products, solutions and quality of services.

Qatar Islamic Bank Q4 net profit up 14.6 pct, meets forecasts

Three analysts polled by Reuters had forecast on average the bank to make a quarterly net profit of 591.1 million riyals.

BDB Chief Executive Officer resigns

The BDB Board of Directors paid tribute to the outgoing CEO, who will quit on March 31.

Emirates NBD hires StanChart for potential Formosa bond- sources

Potential Formosa bond issue, sources familiar with the matter said.

Emirates NBD reports record Dh8.35 billion full year net profit

Board proposes 40 per cent dividend

Qatar National Bank Q4 net profit rises 5.2 pct

QNB said it made an annual profit of 13.1 billion riyals, up 6 percent from a year earlier.

Qatar's Masraf Al Rayan reports 9.6 pct fall in Q4 profit

It was the second major bank to report earnings for the quarter after Qatar National Bank, which reported a 5.2 percent increase in fourth-quarter net profit

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