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

Arab Bank Group First Half 2021 Net Profits Grow By 20%

Arab Bank has recently issued its eleventh annual sustainability report

Top Middle East corporates that announced Q2, H1 results today

Here's a glimpse of the top results announced today at the various stock exchanges

Doha Bank Achieves Profit Growth of 22.7%

H.E. Sheikh Fahad added that the total assets increased by QAR 1.3 billion, registering a growth of 1.2%, from QAR 108.0 billion as at 30 June 2020 to QAR 109.3 billion as at 30 June 2021.

The Commercial Bank Announces Net Profit of QAR 1,327.3 Million for the Half Year Ended

The Group reported a net profit of QAR 1,327.3 million as compared to QAR 901.2 million for the same period in 2020.

Garanti BBVA once again named 'Best Retail Bank' in Turkey and Europe

The executive also noted Garanti BBVA's advances around the financial health of its customers, a new priority for the entity and which it complements with the best mobile banking technology.

Bank of Sharjah reports Dh120 million pre-provision Q2 net profit

Provisions liked to Lebanese subsidiary hurts Group’s consolidated profits

UAE's biggest lender FAB posts 19% jump in Q2 net profit

FAB posted a net profit of $783.87mln in the quarter ended June 30, up from 2.4 billion a year earlier

BBK discloses its financial results for the half year ended 30th June 2021

Total comprehensive income attributable to the owners of the Bank for the second quarter of 2021 amounted to BD 22.4 million, compared to BD 93.0 million reported for the same period last year, representing a decrease of 75.9%

RAKBank reports 25% jump in second-quarter net profit amid continued economic recovery

Provisions for credit losses for the quarter decreased by Dh114.4m to Dh296.6m

Commercial Bank of Dubai’s H1 profit up 27.5 per cent year on year

CBD has delivered an improved set of results with the bank’s net profit increasing by 27 per cent compared to the first half of 2020.

SWIFT launches SWIFT Go, a fast, cost-effective service for low-value cross-border payments

Seven global banks, which collectively handle 33 million low-value cross-border payments per year, are already live with the service

Commercial Bank wins prestigious ‘Best Bank in Qatar’ award by Euromoney

The investment we have made in our business under our five-year strategic plan means that Commercial Bank is able to swiftly adapt to the new operating environment

Is Saudi Arabia set to become the next P2P hub?

This follows several years of research into the fintech lending market by Saudi authorities and regulators.

UAE's first half 2021 bank results point to economic recovery gaining traction

Financials reflect improvement in profitability, cost efficiency and asset quality

Carrefour and HSBC Partner to bring payment instalment plan to customers

Carrefour customers can now benefit from a 3 to 12-month HSBC Flexi Instalment Plan when they make any purchase

Al Khaliji H1 profit surges to QR372mn

The bank's total assets grew 6% year-on-year to QR57.3bn with net loans and advances soaring 12% to QR35.95bn at the end of June 30, 2021.

FinTech: Why these startups are banking on a payments revolution in the Middle East

Ten startups from seven countries participated in the Techstars accelerator programme this year. They tell ZDNet why the MENA region is ripe for FinTech innovation - and what comes next.

Qatar's Al Khalij Commercial Bank H1-21 net profit slightly up at $102mln

Net impairment charges jumped 64%

Ahlibank’s Net Profit QR 308 million for the first half of 2021

The Bank also successfully completed two strategic initiatives during the first six months of 2021.

Burgan Bank announces working hours during Eid Al-Adha holiday

On this occasion, Burgan Bank extends its best wishes and greetings to everyone

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