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

NBK assigns Surra branch to provide international banking services

For quick and easy international banking from inside Kuwait

Riyad Bank signs MoU with Bab Al-Khair Medical Services to establish first non-profit hospital in the Kingdom

The MoU was signed by Eng. Sobhi Batterjee, Chairman of the Board of Directors of Bait Al-Batterjee Foundation and Naif bin Mansoor Shalabi, Regional Manager of the Western Region at Riyad Bank

UAE national banks post Dhs7.7 billion net profit in first quarter of 2021

The growth in net profits reflects the strong underlying performance across the business, the bank said in a statement.

HSBC launches Green Deposits for corporate and institutional clients in the UAE

HSBC is first bank in the UAE to offer a green deposit account

Arab Bank Group reports first quarter 2021 net profit of $128.3 million

The consolidation of Oman Arab Bank under the Group accounts has materially increased the size of Group balance sheet during this period, with total assets increasing by $8.1 Billion and loans and deposits each increasing by $7.1 Billion

Dukhan Bank first-quarter net profit jumps 10.3%

Customer deposits balance rose to QR68.3bn

Commercial Bank of Dubai ’s profit up 3.1% at $88.55mln

Total assets of the bank surged 5.2% to $27.92bln in the first quarter

Mashreq posts $11.71mln net profit in Q1

The bank's first-quarter operating income surged by 19.7% over the previous quarter

Extreme prudence required as headwinds remain: Dubai Islamic Bank CEO

Lender's net profit reached $232mln in first quarter of 2021

Ebdaa Bank: Almoayyed's a prominent Arab model for successful businesswomen

This was declared in the bank's statement on the occasion of selecting H.E. Mona Almoayyed, CEO of Y.K. Almoayyed & Sons by Gulf Business magazine, as one of the most powerful Arab personalities for the year 2021

Omani banks face rising bad loans amid slow economic recovery

Corporate loan deferrals are significant and, unless extended, will pose sizeable risks to asset quality when they expire in September

Saudi National Bank posts 20 percent rise in quarterly profit

The Saudi bank said total operating income increased by 8.8 percent mainly due to higher net special commission income, investment related income and higher fees from banking services.

SABB highlights role in acquiring ‘green’ loan for TRSDC

As the Kingdom’s most international bank, we have a unique opportunity to bring new banking capabilities such as green loans to Saudi Arabia.

History of banking in the UAE

How the industry came into existence and has been constantly evolving in the UAE

Dubai's Gulf Navigation refinances its biggest loan, eyes Dh4m in savings

Vessel operator has already paid off its loans to ADCB and expects a profit for 2021

NBB introduces 'Tamweel Al Watani' scheme to small and medium enterprises

The new financing plan further empowers SMEs, aiding them in their sustainability goals, while simultaneously improving cash flow positions across the Kingdom

National Bank of Fujairah PJSC reports Q1 2021 results

NBF bounced back to profitability with a first quarter net profit of AED 42.0 million and operating profit growth of 32.5% quarter-on-quarter

Commercial Bank of Dubai reports net profit of AED 325m and operating profit of AED 535m

Commercial Bank of Dubai has delivered a net profit of AED 325 million for the first quarter of 2021, up 3.1% against the first quarter of 2020

Mizrahi-Tehafot Bank goes live with Finastra

With a modern and agile solution in place, the bank will be able to better serve its customers, and in turn to grow its business, whilst being prepared for changing regulations such as ISO 20022.

QDB opens up Russian market for Qatari enterprises

With this in view, QDB, through its various departments and initiatives, continues to work closely with international partners and stakeholders to tackle those challenges.

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