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

UAB reports financial results for the three months ended 31st March 2021

UAB's financial performance was aided by a significant progress within the 'core' businesses recording a 5% YoY uplift in Total Income

CIB receives 1st Gender Equity Seal in MENA region, co-chairs Egypt’s Closing Gender Gap Accelerator

The certification is guided by the World Bank’s Gender Equity Model, which identifies the areas of focus and maps out the needed actions to accomplish the model’s objectives in each area.

National Bank of Bahrain's Q1 net profit soars to $41m

The increase is predominantly attributable to the mark-to-market movements of the Bahrain Sovereign bond portfolio.

Mashreq and Oracle Collaborate to Develop the Future of Transaction Banking

Oracle’s transaction banking platform is a componentized building framework that drives faster product innovation through a flexible, efficient product and process development architecture.

UAE banks' weakening credit quality may drive loan restructuring

The UAE Central Bank has extended until mid-2022 some stimulus measures introduced last year to mitigate the impact of the coronavirus crisis on the economy.

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

Retail Banking