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

Bahrain's largest lender posts 11% Q3 profit rise

Ahli United Bank, Bahrain's largest lender by market value

ADCB signs MOU with Banco Santander

The MOU aims to provide integrated comprehensive financing solutions

DIB reports net profit for the first 9 months

For the third quarter of 2012, the bank reported a net profit of Dh298.5 million, maintaining its profitability over the same period last year.

Burgan Bank reports nine months' profit

“Despite the sluggish economy, our business model has proven resilient. We are growing market share in our core markets without altering our risk guidelines and pricing."

NBAD wins Fixed Income Fund Manager award

"The National Bank of Abu Dhabi's fixed income business may be young at just two years old but it has certainly risen to the challenge by winning this year's Fixed Income Manager of the Year Award."

Doha Bank eyes London share sale to boost capital-sources

The lender, part-owned by the Gulf state's sovereign wealth fund

IMF urges GCC states to rein in spending

Most Arab oil exporting countries in the Gulf should plan to reduce growth in government spending to make their budgets more sustainable, as their combined surplus could turn into a deficit around 2017, the International Monetary Fund said Monday.

Mashreq profits soar 85% in third quarter

Mashreq almost doubled profits in the third quarter as it notched up a year of steadily improving quarterly earnings and is looking increasingly like a turnaround story.

Corp Bank seeks RBI nod to open branches in Dubai, Hong Kong

Currently, Corporation Bank does not have any branch abroad

HSBC Bank Oman net profit edges down

The combination of OIB and HSBC Oman is a significant event in the development of banking provision in the Sultanate.

Dubai's Mashreq bank Q3 profit jumps 86 pct

Mashreq, Dubai's second-biggest bank by stock market value

ABC Islamic Q3 net profit up 75pc

ABC Islamic Bank, a subsidiary of Bahrain-based Arab Banking Corporation, has registered a 75 per cent jump

Emirates NBD closes eight branches, slashes wage bill

Impairment allowances, the amount set aside to meet bad loans,

BankDhofar opens new Business and Corporate Banking Centres

The business scope of each Centre incorporates a complete and diversified range of products targeted at enhancing the potential returns for its customers.

Emirates NBD profit bounces back on lower provisions

During the first 9 months of 2012 we have delivered a strong set of financial results with operating profits

Only one fifth of HSBC senior managers are women in MENA region

Abdulfattah Sharaf, CEO of HSBC UAE said, "HSBC is making a real commitment to diversity

Arab Bank Group ups net profit by 13% in 9 months

Customer deposits grew to $32.4 billion

UAE's First Gulf Bank Q3 net profit rises 15 pct

The lender, majority-owned by Abu Dhabi's ruling family

Audi Bank nine-month net profit up 14%

The Lebanese economy has reported a sluggish performance in the first nine months of 2012

United Arab Bank announces record profits

UAB has announced a record net profit of Dhs298m for the nine months ended 30 September 2012, an increase of 32% over the same period of 2011 and the highest net profit ever for UAB in the first nine months of the year.

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