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

NBF’s Q2 2017 net profit bounces back 24.4 per cent

Solid core business and robust asset and liability management continue to underpin strong performance by the bank.

QNB premium customers increasingly interested to invest in global markets

The global account access through QNB Internet banking is the most innovative solution for managing accounts maintained in various countries with one single view.

UAB reports Dh55m net profits for the first half of 2017

Bank achieves 50% year-on-year reduction in impairment losses

Qatar’s stocks gain in best week since Arab spat began

We wouldn’t consider this a temporary recovery.

Qatar's Biggest Bank Turns to Asia to Offset Saudi-Led Sanctions

QNB applying for license in Hong Kong this year, CEO says

Commercial Bank Board and staff show support for Emir

Commercial Bank Board of Directors expressed pride on the signature board at the headquarters at Commercial Bank Plaza.

Major mergers and consolidation still elusive for Gulf banking sector

The rationale for such consolidation are focused toward reducing costs, increase product offerings, diversification of risk and improve cost efficiencies.

Commercial Bank of Dubai’s ratings affirmed with a ‘Stable’ Outlook

Capital Intelligence Ratings, the international credit rating agency.

Qatar National Bank profit rises on loan growth

It made no reference to the current diplomatic crisis engulfing the region.

As crisis lingers QNB reports 3.6 per cent rise in second-quarter profit

Loan book increases 11 per cent in first six months of 2017

Contraction in Saudi growth seen slowing pace fiscal reforms

The contraction in the oil sector is likely to increase in second quarter and third quarter of 2017.

Banking shares fall in Gulf markets

The Dubai index rose 0.4 percent as real estate-related shares were the most active.

Egypt borrows $200m from Afreximbank

The three-year term facility will also aim to fund the light manufacturing activities in the country.

First-quarter figures show increase in money supply at Oman’s banks

Central Bank of Oman statistics show an upswing in money supply among the nation’s banks in the first quarter of 2017, with total deposits to conventional banks rising by 4.2% to OR19.02bn ($49.4bn), compared to growth of 2% in quarter one 2016.

GCC a regional trendsetter on credit bureaus

Almost all UAE banks are now using data from the new national credit bureau, placing the nation on par with most developed markets

Qatar’s three-way bank merger aims to be completed by year-end

The merger will create the country’s second largest lender

Three-way bank merger in Qatar aims to close by year end -sources

A shake-up has long been mooted in the Qatari banking sector given that 18 local and international commercial banks serve a population of 2.6 million.

Qatar Banks Have Sufficient Dollar Liquidity

Qatar's central bank has about $34.5 bn of net foreign reserves and the Qatar Investment Authority is believed to hold over $200 bn of liquid assets.

First Abu Dhabi Bank, etisalat among top Arab companies

The telecommunications and industrial sectors came in the second and third with etisalat being the biggest telecommunications company in all metrics.

Federal Reserve plans to raise interest rate

The US dollar rallied against the other main currencies after the Federal Reserve increased the interest rate.

Retail Banking