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

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.

QNB: Weathering the storm

In the most difficult circumstances, QNB's international strategy has paid dividends

Bank Muscat staff honoured at 35th anniversary celebrations

Bank Muscat reckons its competent people as key strength and is focused on equipping them to make vital contributions to the bank's growth and success.

Dubai Financial Market welcomes listing of Bahrain’s Khaleeji Commercial Bank

Trading commenced on the bank’s shares under the trading symbol "KHCB"

Kuwait's Largest Lender Plans Saudi Arabia, Egypt Expansion

NBK posted a 9 percent increase in nine-month profit in October as interest income and income from Islamic banking rose.

Gulf Bank Wins ‘Credit Risk Technology Implementation of the Year’ from Asian Banker

The Asian Banker is one of Asia’s leading consulting companies in financial services research, benchmarking and intelligence.

Ithmaar Bank's retail banking subsidiary Faysal Bank Limited reports net profit of $36.3 million

The announcement, by Ithmaar Group Chief Executive Officer and FBL Vice Chairman, Ahmed Abdul Rahim, follows the review and approval by the FBL Board of Directors of the financial results for the nine months ending September 30, 2017.

UAE banks refuse to accept coins for deposit or exchange

The Central Bank warned that it would, henceforth, closely monitor the banks that violate this instruction and will take appropriate measures in this regard.

Faysal Bank logs $36.3m net profit

FBL’s financial performance has earned the Bank “AA” and “A1+” ratings

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