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

Burgan Bank introduces new Visa Debit Cards to its Private and Premier

These cards go one step further to provide affluent cardholders with a level of access and privilege that have become the hallmark of Visa Infinite and Visa Signature.

QNB honoured as most valuable banking brand in Middle East and Africa region

The Group’s financial results and its strong performance during 2016 had also a positive impact on its brand value ranking.

Commercial Bank of Dubai reports Q4 loss on bad debts and expenses

The bank said that gains in net interest income and non-net interest income helped boost operating income by 4.7 per cent to Dh2.46bn in 2016.

Bank ABC posts $183m net profit for 2016

The bank reported a net profit of $33 million for the fourth quarter

QNB planning to open branches in Saudi and India in overseas push

The bank is now eyeing a 50:50 profit ratio from international and domestic operations.

Emirates NBD launches Liv. digital banking proposition

Emirates NBD has announced the launch of Liv., the UAE’s first digital bank targeted at millennials.

Banque du Caire officially requests listing on Cairo bourse, eyes IPO in H1

EFG-Hermes and HSBC had been selected as consultants for the initial public offer

First Gulf posts record profit of $1.64bn for 2016

Throughout the years, we were able to build resilience and earnings momentum by focusing on the prudent and selective growth of risk assets, on funding cost optimisation and on the efficient allocation of resources.

Tijari declares net profit of KD 50.4m for 2016

The Board of Directors recommended to the General Assembly cash dividend distribution of 15 fils per share and a bonus issue of 10 shares for each hundred shares, compared to 13 percent cash dividend and 6 percent bonus issue last year.

QDB workshop for SMEs on organising trade fairs

The workshop was designed to facilitate a free exchange of views and ideas between coaches and participants.

Changing dynamics could impact global sustainability, says Doha Bank CEO

We need to anticipate what policy shifts could do for the world’s economic outlook.

Gulf Bank wins double whammy with Best Digital Bank and Best Mobile Banking App in Kuwait

Despite a new plethora of opportunity that digital banking boasts, many institutions have chosen to stick to their traditional trajectories, unwilling or unable to embrace a new era in banking – to their detriment.

UAE's First Gulf Bank reports 11 pct fall in Q4 profit

The bank said its board had proposed a cash dividend of 1 dirham per share for 2016.

Al Khaliji joins hands with QDB to help SME projects

The bank must meet the needs of both this generation and future generations of employees.

ADCB reports 16 per cent lower full year profit for 2016 vs 2015

Abu Dhabi Commercial Bank has reported its financial results for full year 2016 and has reported a net profit of AED 4.157 billion for 2016 and a Q4 net profit of AED 1.004 billion.

GIB successfully launches US$500 million five year bond

GIB aims to be the preferred financial services partner, delivering bespoke banking solutions to a wide customer base in the region and beyond.

Gulf Bank reports net profit of KD 43 million, up 10% from 2015

The Board of Directors has recommended a cash dividend of 7 fils per share, an increase of 75% compared with 4 fils per share in the prior year.

ADIB honoured for customer experience

ADIB was also named the Best Overall Call Centre in the UAE, a recognition it has received for the third time.

Gulf Bank reports KD 43m net profit for 2016

Non-performing loans (NPLs) declined to KD 93 million or 2.4 percent of total loans, levels that have not been seen since 2007.

ADCB’s fourth-quarter net profit falls 16%

ADCB’s net profit began declining last year due to an increase in money set

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