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

Mashreq Bank continues to take the digital lead in the Gulf

With more financial transactions in the Gulf being conducted online and away from physical branches, a cashless way of life is close.

CBD net profits rise 16% to hit Dh1.16b in 2018

Lower costs, improved interest income and lower impairment boost profits

ABK honored with two awards at IFM Awards 2019 in Dubai

The award is a testament of the Bank’s strong reputation and underlines their commitment towards creating and developing services that are built on their unwavering philosophy of ‘Reimagining a Simpler Bank’.

Two Gulf Banks Close to Deciding on Mega Merger

The boards will meet on Jan. 24 to consider the studies by HSBC Holdings Plc and Credit Suisse Group AG, the lenders said in separate statements.

Saudi Arabia's Alawwal Bank, SABB merger "on track" for H1 completion

The merger will create the kingdom's third largest bank

Kuwait, Bahrain lenders plan talks on $92bn merger

Kuwait Finance House and Bahrain's Ahli United Bank would create the Gulf's sixth biggest bank

Qatar banks' non-resident deposits jump 21.75%

Total deposits in Qatar’s commercial banks registered a marginal 1.02% year-on-year decline to QR794.08bn in November 2018.

Dubai's Mashreq says 2018 net profit stable at $570m

Mashreq CEO, Abdul Aziz Al Ghurair, says 2018 'was a difficult year' due to market fluctuations

The 9 best high-interest savings accounts for 2019

Consumers can benefit from rising rates being applied to accounts in the UAE

Qatar's Al Khaliji 2018 net profit up 10.5% to $167mln

Results are a culmination of better balance sheet management, focusing on improving margins, containing cost of funding etc

Doha Bank receives ‘Best Trade Finance Bank in Qatar 2019’ award in London

“This year’s ratings were based on performance during the period from the fourth quarter of 2016 through the third quarter of 2017.

Al Khaliji profit jumps to QR608mn in 2018

Net fee and commission income was QR189mn, registering an increase of 4% over last year, the bank said.

Samba reports jump in yearly earnings, analyst says the bank is" well positioned to benefit from rising interest rates"

Shares in Samba retreated on Sunday, following a rally on Thursday when the company reported higher yearly earnings

Double Win For Trade Bank Of Iraq At The International Finance Awards

Trade Bank of Iraq awarded the ‘Best Retail Bank’ and ‘Best Priority Bank’ in Iraq in 2018

Bank ABC named best trade finance provider in Bahrain

Global Finance has selected best trade finance banks in around 50 countries

JPMorgan close to being hired for Saudi bank merger

Riyad Bank is working with Goldman Sachs Group Inc.

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

Retail Banking