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

Oman: Ahlibank reports $80mln net profit for 9-month period

The bank’s total assets surged by 10%

NBK the only Kuwaiti bank in Global Finance’s list of the World’s 100 Safest Banks for 2024

A new achievement denoting local, regional and global trust in the bank

QNB becomes first to launch Visa’s enhanced Click to Pay

QNB and Dibsy were recognized for their pioneering efforts by Visa at an award ceremony at QNB attended by QNB’s, Visa’s, and Dibsy’s executives.

Dun & Bradstreet supports Qatar Development Bank with advanced risk management solutions

A new partnership for the future of Qatari Businesses Resilience

ADIB delivered an exceptional performance in the first nine months of 2024

Net Profit (before tax) up 33% YoY to AED 5.2 billion, implying an industry leading return on equity of 29%

Mashreq's 9M 2024 profit before tax rises 9% YoY to AED 6.5bln, reflecting strong business activity in a healthy business environment

These include placing clients at the forefront of our efforts, enhancing operational and financial effectiveness, enforcing stringent risk management practices, and cultivating a culture that values and empowers our employees

Ewpartners forms strategic partnership with the Saudi National Bank to enhance banking services in Saudi Arabia

ewpartners and The Saudi National Bank Collaborate to Empower Businesses and Support Saudi Arabia’s Economic Growth Under Vision 2030

Kuwait International Bank joins Afaq GCC payment system

This marks a significant step toward enhancing financial services for customers, which reflects KIB’s advanced role among local banking institutions and aligns with its dedicated strategy to develop its digital infrastructure, said a top official

Emirates NBD and Partior team to redefine cross border payments

Emirates NBD is also evaluating an equity investment in Partior.

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.

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