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

Banks Steal the Limelight on Biggest Firms Rankings

Bank Mellat raked in 240 trillion rials ($6.27 billion), being ranked as the third-largest firm in the country.

Al Khaliji’s 10 years mark continuous growth, strong financial indicators

The bank has sponsored and actively participated in some of the banking and finance sector’s leading conferences and forums in both Qatar and the region.

Doha Bank wins coveted award for CSR

The corporate competitiveness needs to be integrated with social development.

Qatar- Siam Commercial Bank seeks bids for insurance business

Whether it sells all or only part of the business depends on the offers it receives and who they are from, the people said.

Alawwal Bank reports 66 per cent rise in impairment charges and expenses

Alawwal Bank reports net profits for 2016 of SAR 1,064.73 million, down 47.35 per cent.

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

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