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

Foreign assets at Central Bank of Oman grow 12.4%

This was revealed as per the initial data issued by the National Centre for Statistics and Information.

Bahrain’s Bank ABC closes AlbarakaTurk deal with another two inpipeline

Bank ABC has successfully closed a $213m syndicated loan to Albaraka Türk Bank and launched another two new deals on Wednesday.

NBAD, First Gulf profit surges 12.4pc in Q1

The distinguished results achieved by the end of the first quarter of 2017 are a new testament to the success of the merging process

Doha bank achieves 2.9 per cent profit growth with impressive ratios

Doha Bank’s strong performance throws light on its superior products and services, ongoing customer demand, capitalising on market synergies.

CMBFinancialLeasing outfor $350mborrowing

CMB Financial Leasing launched a $350m bullet into general syndication last week, even as Minsheng Financial Leasing wrapped up an increased fundraising of $335m.

Merger wave could cut Qatar lenders to four: Seetharaman

Low oil prices are forcing Gulf-based banks to consolidate to better compete in a crowded market.

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

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