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

Dubai bank Emirates NBD Q1 net profit rises 4 pct

The bank, 55.6-percent owned by state fund Investment Corp. of Dubai and viewed as a barometer for the health of the Dubai economy

Bank relocating its Gulf operations to Bahrain

KuveytTurk joins a number of other leading Turkish companies operating in Bahrain.

Qatar's CBQ Q1 net profit down 66.7%

The bank earned a net profit of 91.2 million riyals

Saudi's National Commercial Bank Q1 net profit up 2.7%

NCB's net profit rose to 2.70 billion riyals

Dubai surges in broad rally, rest of region sluggish early on

But developing an auto industry is a goal of the Saudi government’s economic reform programme.

Saudi's Riyad Bank reports 10.8 pct profit fall but beats forecasts

Three analysts polled by Reuters had on average forecast a profit of 876.5 million riyals.

National Bank of Kuwait reports 8.1% Q1 profit rise

The bank attributed the rise in net profit to higher net interest income and income from Islamic financing as a result of strong growth in business volumes.

Women are a growing influence on banking in the Middle East

The challenge is for women to climb up the echelons of the organisation and we’re not there yet.

UAB reports Dh28m first quarter net profits

Legacy non-core assets reduced to less than 4 per cent of total loans

Qatar Islamic Bank profit grows to QR555m

Capital Intelligence Ratings has also affirmed QIB’s Financial Strength Rating at A with a Stable Outlook.

Jerusalem gets 1st Palestinian bank branch

Israel has never allowed Palestinian or Arab banks to operate in East Jerusalem since 1967

Diversification contributes to resilience of UAE economy

Doha Bank hosted a knowledge sharing event awith speakers including Craig Wing, Partner and Future Strategist at Future World and Kamal Sharma, Director and G10 FX Strategist, Bank of America Merrill Lynch Global Research.

Mashreq bank Q1 net profit up 2.7 pct

Mashreq said the rise was primarily due to a 15 percent drop in impairment charges.

Gulf's largest lender sees Q1 net profit rise to $900m

Qatar National Bank also says total assets increase by 35%, driven by growth in loans

Qatar First Bank maintains assets value at $1.64bn

The year 2016 saw several key economic events that contributed to the stagnation of the global economy.

Abu Dhabi banks to complete unification process in 2019

NBAD to hold meeting on April 24 to get shareholder approval for name change for new FGB merged entity

Shares in First Abu Dhabi Bank surge

They would occur over a period of three years and would be driven by a reduction in branches and headcount.

Turkish banks taking losses on mortgages after rate pressure

That increase has driven the rate the banks have to pay for three-month deposits, a key source of funding, to 11.30%, or about 19 basis points higher than the average rate they charge on mortgages.

Gulf Bank wins VIP customer service award

With Gulf Bank Priority Banking, customers enjoy a personalized and preferential treatment coupled with a suite of Banking and investment products and services designed to meet their financial goals

Merged NBAD, FGB bank gets new name – First Abu Dhabi Bank

The new bank began trading on the Abu Dhabi Securities Exchange on Sunday

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