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

QIIB net profit surges 6.3% to QR356.4m in Q1 2025

The results reflect solid performance and encouraging financial and operational outcomes, further strengthening the bank’s position within Qatar’s banking sector.

NBK reports net profit of KD 134.1mln for 1Q2025

Total assets as of the end of March 2025 grew by 8.7% year-on-year to reach KD 41.6 billion

Qatar banking sector assets reach QR2.06 trillion in Feb 2025

On a year-to-date basis, total assets have grown by 0.7 percent, reflecting a solid start to the year for the financial sector.

NBK named “Best Retail Bank in Customer Service in Kuwait” for 2024

Based on Service Hero’s Customer Satisfaction Index

The Central Bank of the UAE awards Tap Payments a Full Payment Services license

This marks the completion of regulatory approvals across the entire GCC

FAB proceeds with restructuring and taps a new head of human resources

Plus: Mubarak Ali Abdullah Al Neyadi is the new Undersecretary of the Ministry of Justice

SABIC profit forecast to drop 47% in Q1 2025, says Riyad Capital

The top line of petrochemical companies under its coverage to rise 7% YoY

Oman’s Sohar International seeks potential merger with Ahlibank

The suggested arrangement would involve the transfer of all Ahlibank's assets and liabilities to Sohar International.

Qatar commercial banks’ assets total QR2.06 trillion in February

The key highlights from February 2025 Monthly Monetary Bulletin showed that the total assets of commercial banks witnessed year-on-year expansion by 4.7 percent to reach QR2.06 trillion.

AAIB announces robust 2024 results, net profits hits $301m

The bank said it maintained key liquidity and risk metrics comfortably above regulatory thresholds, with a capital adequacy ratio above 21%.

Bank NXT achieves record net profit of EGP 1.77bln, reflecting robust performance in 2024

The bank reported exceptional net profit growth of 54% year-on-year

KFH Bahrain launches digital platform Jazeel

“Great” news from Manama.

QFFD attends 2025 Inter-American Development Bank and IDB Invest Annual meetings in Chile

QFFD’s engagement reinforces its pivotal role as a driver of global sustainable development

NBK calls to check URL legitimacy and website matching when shopping online

Within its ongoing efforts to promote the “Let’s Be Aware” banking awareness campaign

Qatar’s banking sector sees increase in aggregate

The aggregate revenue moved up by 2.4 percent sequentially in Q4 2024.

Qatar’s banking sector sees increase in aggregate earnings

The aggregate revenue increased by 2% YoY in Q4 2024 to $4.58bln, driven mainly by non-funded income

Emirates NBD launches new product for businesses owned by UAE Nationals

Emirates NBD’s new package aims to empower businesses owned by UAE Nationals while resonating with the bank’s deep commitment to the Emirati business community

UAE aiming to launch retail central bank digital currency this year

The CBUAE announced in January this year that the FIT Programme, which spans nine initiatives overall, was ‘85 per cent’ complete.

International Development Bank joins AIM Congress 2025 as a gold sponsor

AIM Congress, supported by over 400 local and international partners, serves as a key platform for fostering collaboration

Lesha Bank acquires an indirect stake in Edinburgh airport

This investment aligns with the Bank’s strategic focus on resilient asset classes and marks the Bank’s entry into the global infrastructure investment market.

Retail Banking