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

Arab Bank Group profits grow by 7% to $271 million for first quarter of 2025

The Group maintained its strong capital base with a total equity of USD 12.1 billion.

Jordan: Arab Bank Group says profits grow by 7% to $271mln for Q1 2025

The group’s liquidity and asset quality remain “solid” where loan-to-deposit ratio stood at 74 per cent and credit provisions held against non-performing loans continue to exceed 100 per cent

Oman Arab Bank powers a cashless experience at Muscat International Book Fair 2025

One of the most anticipated cultural events in the Sultanate, the book fair attracts thousands of visitors annually, celebrating literature, learning, and creativity

Saudi EXIM Bank’s credit facilities more than double to $8.93bn

This aligns with the bank’s goal to double the value of Saudi industrial exports from SR254 billion in 2022 to SR557 billion in 2030, and SR892 billion by 2035.

Dubai Islamic Bank showcases an exceptional first quarter 2025 Performance

Reaffirming its Position as the Global Leader in Islamic Finance

Emirates NBD’s profit before tax rises 56% to AED 7.8 billion

On strong loan growth and improving deposit mix

Ahlibank strategic partner of Trade and Treasury TransAhlibank strategic partner of Trade and Treasury Transformation Summitformation Summit

These efforts aim to enhance operational efficiency and deliver an exceptional customer experience

Commercial Bank awarded ‘Best in-class Straight Through Processing rates’ by JP Morgan

Commercial Bank’s financial solutions have always been centered around customer convenience.

Saudi: SNB’s net profits jump 19.5% in Q1-25

Earnings per share (EPS) went up to SAR 0.96 as of 31 March 2025 from SAR 0.82 a year earlier, according to the financial results

Commercial Bank awarded ‘Best in-class Straight Through Processing rates’ by JP Morgan

Commercial Bank’s financial solutions have always been centered around customer convenience.

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%.

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