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

Kuwait Finance House Q1 net profit rises 14 pct on lower costs, provision

EFG Hermes forecast the lender would make a quarterly net profit of 35.44 million dinars

Insurance House Returns to Profit Zone

Our strategy is to compete on the basis of innovative product offerings and superior service quality.

QIC posts GWP of QAR 2.7 billion in Q1 2016

The increased growth in GWP was attributed to the Group's effective and strong underwriting capabilities.

Sabb Takaful reports Q1 net profit before Zakat up 19.71 per cent

Sabb Takaful has reported net profits before Zakat for Q1 2016 of SAR 3.765 million, up 19.71 per cent. Earnings per share rose to SAR 0.11 from SAR 0.09.

CBD’s First Quarter Net Profit Down 18.4 Per Cent

Commercial Bank of Dubai’s net profit for the first quarter of 2016 was 18.4 per cent lower, at Dh241 million, than its Dh295 million net profit in the first quarter of 2015

Al-Marzouq: KD34.1 Million Net Profit for KFH shareholders in Q1 - an increase by 14.1%

Earnings per Share 6.61 Fils an increase of 14% Total Assets Growth by 1.5% reaching KD 16.77 Billion Total deposits increase by 1.9% reaching KD 14 Billion

Doha bank achieves strong performance ratios

Deposits showed a year on year increase of 13.7% from QAR 45.2 billion to QAR 51.4 billion as at 31 March 2016 which is evidence of the strong liquidity position of the Bank.

Dubai's Emirates NBD Q1 net profit gains 8 pct on lower provisions

Analysts at EFG Hermes and SICO Bahrain had forecast the bank would make a net profit for the quarter of 1.87 billion dirhams and 1.93 billion dirhams respectively.

Doha Bank posts QR354mn Q1 profit on robust operations

Doha Bank also offered various limited period offers such as ‘0% payment plans’, ‘free cabin bag’ and ‘complementary gift vouchers’ in coordination with popular merchants for all its credit card customers.

Emirates NBD Announces First Quarter 2016 Results

Tighter liquidity conditions and a strong dollar will continue to pose headwinds to non-oil growth, particularly in the services sectors.

BBK reports a net profit attributable to the owners of the bank of BD 15.28 million for the first quarter of 2016

In line with the bank's prudent provisioning policy, BBK set aside BD 3.7 million as net provision for its exposures

Doha Bank achieves strong performance ratios

The new enhanced version of Doha Bank mobile banking application offers users the option of using fingerprints to authenticate identities to sign in to mobile banking - instead of user ID and password.

Refile-Saudi's Al Rajhi Bank Q1 net profit rises 33 pct, beats forecasts

Quarterly operating income rose 8 percent versus the corresponding period of 2015 to 3.7 billion riyals, while profit from special commissions increased 4.5 percent over the same timeframe to 2.57 billion riyals.

Bank Muscat net profit up 1.1% to RO44mn

Bank Muscat's net loans and advances from conventional operations rose by 6.9 per cent to RO6.92bn from RO6.47bn a year ago.

ValuStrat issue Q1 2016 Dubai Real Estate Market Report

In terms of registered residential transactions, median residential prices were 10.4% lower YoY and 2.5% lower QoQ.

Nbk reports net profits of KD 78.9 million for 1Q 2016

Al-Sayer affirmed that the strong set of results in 1Q 2016 are driven mainly by the solid growth of the core banking activities.

National Bank of Kuwait reports Q1 profit slide on lower investment income

Net interest income and net income from Islamic financing and fees both increased during the latest quarter, the bank noted in the bourse filing.

Saudi's Arab National Bank Q1 profit beats forecasts despite 2.8 pct dip

Four analysts polled by Reuters had forecast on average the lender would make a first-quarter net profit of 685.8 million riyals.

Bahrain non-oil sector expands by 3.9% in 2015

Non-oil sector now accounts for more than 80% of real GDP Value of non-oil goods traded has increased by 19% since 2010 Domestic credit growth reaches 10% annual pace in final quarter of 2015

Where 14% yield in a world of negative rates isn’t enough

Yet they are still yielding the same or less than Brazilian or Zambian debt with a higher credit rating.

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