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

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

Banks help Saudi rise early on, Qatar continues rally

Government ownership could be positive for banks owed billions of dollars by Saudi Binladin if it helps the group return to profitability.

Crealogix to buy Innofis to establish presence in Middle East market

Innofis, which employs 120 qualified engineers and specialists, generated CHF10m of revenue in 2017.

Abu Dhabi Commercial Bank issues $540 million Formosa bond -sources

The bank did not immediately respond to a Reuters request for comment.

Saudi Arabia’s first bank beats region’s best to win two corporate excellence awards

Everyday the team proves they are proud to be part of this bank and work very hard to build relationships of trust with our customers.

Bank of Palestine Group announces new structure

Bank of Palestine announced a new structure for the Bank's group of companies designed to enhance the bank's overall growth strategy.

First Abu Dhabi Bank Named 'UAE Asset Manager of the Year'

Over 200 delegates attended the conference, representing asset managers, hedge funds, banks and brokers from across the MENA region.

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