Articles - Managers of Wealth Middle East

KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

January 27, 2022

Insurance companies in Saudi Arabia continued their top-line growth momentum at the end of Q3 2021, with a matching trend…

Financial Results

Dubai largest bank say net profits jumped in 2021 as economy rebounded

January 27, 2022

Dubai's largest bank, Emirates NBD, announced Wednesday that its net profits jumped in 2021, as the economy of the Gulf…

Insurance

Moody’s upgrades MedGulf’s IFSR to Ba1

January 27, 2022

Moody’s Investor Service has upgraded the insurance financial strength rating (IFSR) of the Mediterranean and Gulf Insurance and Reinsurance Company…

Islamic Finance

Ithmaar Bank relaunches prize scheme

January 27, 2022

Ithmaar Bank has relaunched its Thimaar savings account, offering its holders 2,016 prizes. The Bahrain-based Islamic retail bank will…

Comment & Analysis

The luxury car market in the UAE is witnessing growth in 2022

January 27, 2022

Leading the UAE's automotive industry and offering a vast range of extravagant vehicles, The Elite Cars is expecting continued growth…

Islamic Finance

Alizz Islamic Bank announces restructured Bushra Account

January 27, 2022

Adding a new set of monthly profits on customer deposits, Alizz Islamic Bank recently announced the restructuring of its Bushra…

Investment Banking

Deutsche Bank blames client in $565m false sales lawsuit

January 26, 2022

Deutsche Bank AG turned the blame on an ex-client for crippling losses it suffered investing in risky foreign exchange derivatives…

FinTech

Open Banking Exchange launches in Saudi Arabia

January 26, 2022

This announcement comes twelve months after the Saudi Central Bank (SAMA) announced its open banking policy, designed to support Vision…

Hedge Funds & Alternative Investments

Abu Dhabi issues new family business ownership governance law

January 26, 2022

Sheikh Khalifa bin Zayed Al Nahyan, the UAE President and Ruler of Abu Dhabi, has issued a new family business…

Awards and Recognition

Emirates Islamic's net profit grows to AED 823mln for FY 2021

January 26, 2022

Emirates Islamic’s net profit jumped to AED 823 million for 2021 on higher non-funded income and a significant reduction in…

FinTech

KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

January 26, 2022

Insurance companies in Saudi Arabia continued their top-line growth momentum at the end of Q3 2021, with a matching trend…

Financial Results

Dubai Islamic Bank's FY net profit climbs 39% despite income drop

January 26, 2022

Dubai Islamic Bank achieved a full-year 2021 net profit of 4.4 billion dirhams ($1.2 billion), up by 39 percent year-on-year,…

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KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

Dubai largest bank say net profits jumped in 2021 as economy rebounded

Moody’s upgrades MedGulf’s IFSR to Ba1

Ithmaar Bank relaunches prize scheme

The luxury car market in the UAE is witnessing growth in 2022

Alizz Islamic Bank announces restructured Bushra Account

Deutsche Bank blames client in $565m false sales lawsuit

Open Banking Exchange launches in Saudi Arabia

Abu Dhabi issues new family business ownership governance law

Emirates Islamic's net profit grows to AED 823mln for FY 2021

KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

Dubai Islamic Bank's FY net profit climbs 39% despite income drop

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