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

CBI reports record net profit before tax of AED 254mln, up 81%

Reflecting successful transformation and innovative growth

UAE banks extend $22bn in loans to SMEs in H1 of 2024: CBUAE

These businesses are a critical component of the UAE’s economy, accounting for over 95 percent of all enterprises and employing approximately 86 percent of the private sector workforce.

Abu Dhabi Commercial Bank's 2024 9-month net profit at Dh6.8b

Abu Dhabi bank records Dh60b in net loan growth, profit at Dh6.8b

Commercial Bank of Dubai reports net profit after tax of AED 2,231mln

Up 26.5% on a pre-tax basis (15.2% on a post-tax basis) on the prior comparative period

FAB Asset Management raises $200 million through launch of fixed maturity portfolio

Portfolio includes the second series of FAB’s conventional fixed maturity portfolio

Bahrain’s GFH appoints lead managers, book runners for upcoming sukuk

10 banks have been appointed including the investment banking arm of Dubai’s largest lender - ENBD Capital, ADIB, and Saudi Arabia’s Al Rajhi Bank

FAB posts third-quarter profit rise on international revenue boost

Bank's net profit increased by 5 per cent to $1.2bn during the three month period

Oman’s credit balance reaches $81.6bn in August

The increase in credit figures indicates a robust and expanding economic environment in Oman, characterized by a greater flow of funds throughout the economy.

Dubai Islamic Bank’s Access auto finance for people of determination

The new offering opens doors to enhanced mobility for People of Determination across the UAE

Oman’s Bank Muscat Q3 net profit up nearly 8%

Customer deposits rose 7%

KFH selects Gieom to digitally transform its policies & procedures

Digital Blueprint will enable KFH to centralise and streamline its policy and procedure management, creating a structured, accessible system for employees and stakeholders.

Qatari lenders return to global debt markets to refinance and diversify funding

The momentum is set to continue in 2025

NBB Receives 2023 US-Dollar Clearing Recognition Award from J.P. Morgan

The award was presented by Nawaf Yusuf Humood

Dukhan Bank reports a net profit of QAR 1.14bln for the nine-month period ended 30 September 2024

Strong profitability driven by a persistent year-on-year growth in total income of 16%

Saudi EXIM Bank and DL Hudson sign USD 50mln credit facility agreement

Connects local exporters with over 22 international markets around the world

QNB unifies its brand to enhance global presence

The rebranding will see QNB Alahli in Egypt and QNB Finansbank in Turkey operating under the single name "QNB."

QDB introduces 0% short-term financing to companies that settled NRGP loans

QDB said in a statement the new initiative which grants companies zero interest rate short-term loans comes within the framework of the Amiri gesture

QNB concludes Emerging Leaders Program

The second component focused on the Business of Banking, featuring four specialized modules delivered by Fitch Learning over 10 days

New Bank of Bahrain Investment Product Pairs Bitcoin Growth Potential With Capital Security

Through this move, it aims to offer a hedge against the volatility traditionally associated with digital currencies.

Qatar: Total assets of commercial banks up 6.8% to $549bln in August

There was also a surge of 11.9% in the total domestic deposits on yearly basis

Retail Banking