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

Al Khaliji posts QR149.6m Q2 profit

Total assets of the Group reached QR48.4bn in the first half of 2014, up 48 percent from H1, 2013 and up 17 percent from the period ending December 31, 2013.

Ahli United Bank's H1 net profits reach KD 25.4 mln

Al-Mudhaf added that AUB's share rose to 19.6 fils against 18 fils in the first half 2013.

Burgan Bank named 'Best Domestic Retail Bank of the Year'

The bank's success was announced recently at the Asian Banking and Finance Awards 2014 in Singapore, where judges from global institutions have identified banking products, activities, technologies, services as well as strategies that continue to enh

Mashreq wins Superbrands 2014

The annual tribute event by Superbrands was held recently at the Intercontinental Hotel in Dubai Festival City to honour UAE's strongest brands.

Oman's Bank Muscat posts 22 pct jump in Q2 net profit

Bank Muscat, Oman's largest lender, posted a 22.3 percent increase in its second-quarter net profit on Thursday, beating analyst estimates.

Qatar’s Doha Bank Q2 net profit up 9.9pc

Doha Bank, Qatar's fourth largest lender by assets, posted a 9.9 percent rise in second-quarter net profit on Thursday, in line with analyst estimates.

Kuwait's NBK Q2 profit rises 29 pct, misses estimates

National Bank of Kuwait , the Gulf Arab state's largest commercial lender, reported a 29 percent rise in second-quarter profit on Wednesday but missed analysts' estimates.

Gulf Bank Posts Net Profit for the First Half

"Our results for the first half of the year reflect Gulf Bank 's ability to grow and improve its revenues in a highly competitive market. The Bank's loans have grown by 16.7%, and our non-performing loans ratio has fallen to 5.1%, continuin

Jordan's Arab Bank reports 7 pct rise in first-half profit

Jordan-based Arab Bank on Wednesday reported first-half net profit up 7 percent year on year.

Saudi’s Al Rajhi Bank posts fourth straight quarterly profit drop

The bank said it made 1.95 billion Saudi riyals in the three months ending June 30, compared with 2.12bn riyals in the same period a year earlier, citing an increase in total operating expenses for the drop without elaborating.

Rebranded Ahlibank set to roll out modern products, services

After a successful rebranding, Ahlibank is set to roll out modern products and services that align with the growing needs of its increasing customer base in Qatar.

Bank Dhofar Q2 profit rises 23%, meets expectations

It is a year since Bank Dhofar said it had approached Bank Sohar with a view to merging the two entities and creating Oman’s second-largest bank

More foreign lenders are expected to enter Turkey’s lucrative banking market

A crisis-tested financial system along with a sturdy and profitable banking sector has introduced many new lenders into Turkey in recent years

United Arab Bank - Financial Strength Rating is raised; other ratings are affirmed

Capital Intelligence (CI) has announced that it has raised the Financial Strength Rating (FSR) of the UAE's United Arab Bank (UAB) to 'BBB+' from 'BBB', with the Bank's rising loan-loss reserve (LLR) coverage ratio and contin

GIB launches Saudi retail banking service

Bahrain-based conventional wholesale institution Gulf International Bank has launched retail banking services in Saudi Arabia under the brandname, "Meem".

Arab National Bank posts 400m net profit in H1

Profits of the second quarter of 2014 reached 209.4 million compared to 191.5 million for the same period last year.

Kuwait’s CBK gets approval to raise up to 120m dinars via bonds

The bonds will comply with Basel-III rules

Bahrain Association of Banks publishes The Handbook of Retail Banking

The Bahrain Association of Banks has published The Handbook of Retail Banking, a guide to the retail banking industry in Bahrain.

GIB launches trial phase of retail banking services

In developing its retail services for specific customers, GIB adopted the co-creation concept with a large target customer base

Qatar National Bank Q2 net profit edges up, beats estimates

Qatar National Bank, the largest lender in the Gulf Arab region, reported a small increase in second quarter net profit on Tuesday