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

Qatar Banks Shunned by Peers Will Need to Pay More for Cash

Saudi Arabia and other Arab nations severed relations with Qatar two months ago accusing it of supporting extremist groups, a charge it denies.

Oman Arab Bank unveils unified digital banking platform

Following the launch of the new platform, the bank also announced the launch of its new mobile banking application, which uses the same innovative icon-based design, offering the bank’s customers a better banking experience.

Saudi's Samba Q2 profit down 3.3 percent

Four analysts polled by Reuters had on average forecast the bank would make a quarterly net profit of 1.22 billion riyals.

Qatari bank mulls fresh fundraising

As some Gulf lenders refuse to roll over holdings.

NBK-Bahrain reports net profits of $122m for H1

The Bank’s strong results affirm the success of NBK Group’s regional expansion strategy despite economic and geopolitical challenges.”

StanChart CEO says Gulf rift puts Dubai finance hub at risk

There is a risk of turning away from the UAE.

Doha Bank to open branch in Singapore

We are just reorganising our process and areas of investments.

Qatar bank lending growth accelerates in June

Annual growth in Qatar's bank lending accelerated in June.

UAE's First Abu Dhabi Bank posts Q2 net profit of 2.56 bln dirhams

EFG Hermes had projected a profit of 2.57 billion dirhams for the combined bank.

NCB’s net income up 1% in H1

The Bank’s total assets reach SR450 billion compared to SR453 billion at the end of the same period of the previous year.

Qatar National Bank unveil its operations in India

The Group offers a whole new range of banking products and services.

DIFC a hit with Chinese, Indian financial firms

In new Asia approach, the centre is targeting more financial institutions from Japanese and Korean firms

Saudi bank SABB says Q2 net profit falls 1.9 pct on bad debt charges

The bank to post an average net profit of 1.01 billion riyals for the quarter.

Saudi's NCB Q2 net profit flat, operating income down

SICO Bahrain forecast NCB would make a quarterly profit of 2.63 billion riyals.

Emirates NBD debuts FaceBanking on online banking platform

The new platform includes a range of features, allowing users to personalise their profiles with images and links to their social media.

Arab National Bank reports a profit

Arab National Bank announces the interim financial results for the period ending on 30 June 2017.

Doha Bank announces winners of Al Dana scheme

The fourth monthly draw of the year crowned a total of 19 winners, including S Ali, who took home the QR1m mega prize.

Commercial Bank of Kuwait sees 82 per cent net profit decline

Commercial Bank of Kuwait announced its financial results for the half year ended 30th June 2017.

Ahli United Bank (Kuwait) achieves KWD 26.5 million net profit for first half of 2017

Ahli United Bank announced its results and financial statements for the first half ending on 30 June, 2017, following the endorsement of the statements by the Bank’s Board of Directors and the approval of the Central Bank of Kuwait.

QNB Group Commences Operations in India

It is the world’s second most populated country and the fastest growing major economy.

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