Articles - Managers of Wealth Middle East

Riyad Bank introduces first AI center in Saudi banking industry

July 26, 2024

Saudi Arabia’s digital banking has achieved a significant advancement after a leading bank introduced artificial intelligence technology, significantly enhancing its…

Retail Banking

United Arab Bank pre-tax net profit up by 26% for the first half of 2024

July 26, 2024

Net profit (before tax) reported at AED 152 million for H1 2024 compared to AED 121million for H1 2023; up…

Comment & Analysis

Moody’s affirms Islamic Development Bank’s AAA rating

July 26, 2024

Moody’s Investor Services has affirmed its AAA credit rating with a stable outlook for the Islamic Development Bank, driven by…

Retail Banking

SAB, HSBC forge strategic partnership to drive financial innovation in the Kingdom

July 26, 2024

Saudi Awwal Bank, a leading bank in the Kingdom of Saudi Arabia, has signed a Memorandum of Understanding with HSBC,…

Hedge Funds & Alternative Investments

Mashreq’s net profit in the first half increase by 14% to AED 4bln

July 26, 2024

Income growth of 20% year-on-year: Net Interest Income grew with 17% driven by a substantial expansion of the balance sheet…

Retail Banking

FAB achieves H1 2024 group net profit of AED 8.4bln, revenue of AED 15.7bln

July 25, 2024

Robust returns trajectory with H1’24 RoTE at 17.3%, on track with 2024 and medium-term targets. Facilitated additional AED 52 billion…

Executive Moves

Emirates Family Office Association confirms new board of directors

July 25, 2024

The Emirates Family Office Association, the unique independent body supporting UAE (and global) family offices, announces several appointments to its…