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

Banque Saudi Fransi annual net profits down 13 per cent

Banque Saudi Fransi has reported a 13.03 per cent fall in net profits for 2016 to SAR 3.51 billion.

ADCB wins Five Star Cash Manager Award by Euromoney

Concentrating mainly on clients concerns and needs to help provide up to par solutions steadily.

Saudi British Bank turns in 10 per cent drop in annual profits

Saudi British Bank has reported a 10.07 per cent fall in annual net profits to SAR 3.895 billion.

Qatar's Doha Bank Q4 net profit falls 85 pct

The bank did not provide reasons for the decline.

QNB denies reports that it is acquiring a loan from China

The QNB Group noted that it will, as usual, inform investors about any significant news concerning the Group.

Doha Bank recommends the distribution of 30 per cent of the paid-up capital as a cash dividend to the shareholders for the year 2016

Doha Bank’s strong performance throws light on its superior products and services

Saudi's National Commercial Bank Q4 net profit up 7.5 pct

The three months to Dec. 31, up from 2.13 billion riyals in the same period of 2015.

SMEs should leverage on e-solutions

SMEs using e-trade and digital platforms outperform traditional exporters.

Oman's Bank Muscat Q4 profit up 1.3 pct, in line with estimates

Three analysts polled by Reuters forecast the bank would make a quarterly net profit of 41.7 million rials.

Qatar National Bank Q4 net profit up 8.3 pct

EFG Hermes forecast the bank would make a net profit of 2.99 billion riyals during the quarter, while SICO Bahrain forecast a quarterly net profit of 3.44 billion riyals.

Bank of China to establish deposit bank in Turkey

The BDDK recently said three foreign banks had voiced a strong interest in Turkey and were likely to enter the Turkish market in 2017.

National Bank of Oman Q4 net profit slips 19.9%

The lender reported a net profit of 55.8m rials for the whole of 2016, down from 60.1m rials in 2015

Citi launches two new credit cards: Citi Rewards and Citi Premier in the UAE

Citi has launched its two new cards Citi Rewards and Citi Premier, both of which offer access to a rewards programme that is designed to enable customers to redeem points earned from purchases.

Doha Bank CEO chosen for top overseas Indian award

The award will be given away by India’s President Pranab Kumar Mukherji at the concluding ceremony of the two-day Pravasi Bhatiya Diwas celebrations in the southern Indian city of Bengaluru tomorrow.

UNB lead arranger for $2.3b finance facility

Financing to fund 2,400MW clean coal power project

NBAD recognised as the ’Best Cash Management Bank in the UAE’

They clearly indicate NBAD has distinct and valuable products to offer.

NBAD updates its $7.5 billion EMTN prospectus

National Bank of Abu Dhabi has provided a supplement to the base prospectus of its $7.5 billion EMTN Programme

Oman Arab Bank signs strategic partnership with Visa

Our long-standing relationship with Visa goes back a decade.

Dubai mortgage lender Amlak renegotiates part of 2014 debt deal

At the time, Amlak did not give the size of the debt being restructured, but bankers estimated it at about $2.7 billion.

Bahrain bank, Mastercard join forces to develop financial skills

The deal with BIBF is part of Mastercard's aim of developing leaders in the financial sector across the Middle East and Africa by investing in skill development.

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