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

Dubai’s Emirates NBD posts 24% fall in net profit for Q1 2020

Total income for the first quarter at Dh6.88bn remains fairly unchanged from Dh6.87bn in the preceding quarter.

Emirates NBD first-quarter profit dives 24%

Banks in the United Arab Emirates are feeling the impact of tough containment measures aimed at tackling the pandemic, which also brought parts of the economy to a near halt.

ECI inks strategic partnership with National Bank of Fujairah

The partnership between ECI and National Bank of Fujairah was sealed in a virtual meeting attended by senior officials from both organisations.

Qatar- Ahlibank reports net profit of QR180.4m for first quarter

In response to the COVID-19 pandemic, the bank immediately committed to take all preventive measures to protect the health and safety of all our customers and employees, while maintaining the best customer service levels and encouraging customers to use a

Bahrain’s Kuwait Finance House joins ‘Skiplino’ app

‘Skiplino’ is a modern and smart application that meets the requirements and needs of all customers, whereby customers can reserve appointments and view the same electronically.

UAB's shareholders raise foreign ownership to 40%

The shareholders have also approved to offset all the accumulated losses

BLOM Bank Egypt increases capital to $190mln

The decision comes in light of BLOM Bank Egypt’s continuous efforts to enhance its market share, and to continue implementing its policy of using its profits to increase capital

BNP Paribas activates emergency support plan in Bahrain in response to global health crisis

Bahrain is one of over 30 countries to receive assistance from BNP Paribas' 50 million EUR Emergency Support Plan

Trade Bank of Iraq announces $3bn capital boost

TBI achieved a robust growth in revenues and in key financial areas during the financial year 2019.

QIIB launches ‘corporate cash deposit’ cards

In fact, our customers can now benefit from most banking services without the need to visit the branches.

QIB posts 3-month profit of QR687.5mn

QIB was able to maintain the ratio of non-performing financing assets to total financing assets at 1.3%, reflecting the quality of the bank’s financing assets portfolio.

UAE's ADCB files criminal complaint against NMC officials

ADCB did not name the individuals but said the action is consistent with objective to protect its interests

Qatar National Bank awarded for use of iris

The system enables QNB customers to access their accounts at ATMs without the need of a bank card or PIN.

QNB Alahli Egypt posts net profit in Q1

Qatari National Alahli (QNBA) registered an annual decline in its consolidated net profit during the first quarter

QIB receives three major awards from Global Finance

All selections were made by the Global Finance editorial team after extensive consultations with bankers, corporate finance executives and analysts around the world.

Burgan Bank holds its 54th Annual General Assembly meeting

Shareholders approve distribution of 12 fils Cash Dividend for the Year 2019

UAE’s Emirates NBD launches contactless export trade collections service

Clients can access the new digital feature from the safety of their homes or offices to submit an export collections request

QNB posts QR3.6bn net profit in first quarter

QNB Group improved efficiency (cost to income) ratio from 25.9% to 25.6%, which is considered one of the “best ratios” among large financial institutions in the MEA region.

Qatar- Commercial Bank launches products for digital payments and remittance

Amit Sah, EGM and head of Retail Banking, Commercial Bank, explained that the ‘CB Household Worker PayCard' can be applied for digitally using the bank's mobile banking app.

NBE’s profit rise end-June 2019

National Bank of Egypt reported a 100% growth in its net profits after taxes