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

Qatar's Barwa Real Estate Q1 profit falls 80%

Qatari Diar, a real estate-focused unit of sovereign wealth fund the Qatar Investment Authority, owns 45 percent of Barwa.

Avaloq achieves a record year

This rapid development is based on the continuous innovation of Avaloq’s software product, the Avaloq Banking Suite, as well as significant demand for BPO solutions.

NBF operating profit increases 18.5 per cent for Q1 2016

National Bank of Fujairah PJSC has announced its results for the three month period ended 31 March 2016.

National Bank of Abu Dhabi Q1 net profit falls 10.7%

Customer accounts and other deposits dipped 6.6 per cent over the same time period to reach Dhs 233.3bn as of end-March.

Dubai Islamic Bank Q1 net attributable profit rises 7.2 pct

EFG Hermes had forecast DIB would make a quarterly profit of 938 million dirhams.

Commercial Bank announces a net profit of QAR 274 million for Q1 2016

Commercial Bank continued actively supporting the Qatar National Vision 2030 agenda during the first quarter of the year.

Noor Bank Reports Record Increase in 2015 Net Operating Profit

The increase in profitability was fuelled by a 73% surge in fee and commission income and supported by a 35% rise in net income from financing.

UAE allocates $4 bln to Egypt for development and c.bank

Egypt has struggled to spur economic growth since its 2011 uprising ushered in political instability that scared off tourists and foreign investors, key sources of foreign currency.

Dubai's Mashreq Q1 net profit falls 18.3 pct

The bank made net impairments worth 366 million dirhams in the first quarter, the statement said, up from the net 196 million dirhams set aside for bad loans in the same three months of last year.

Ahlibank registers net profit of QR165mn in Q1

Stable funding, which includes medium-term liquidity, improved to 7.9% in March 2016, as a percentage to total liabilities vis-à-vis 6.6% in March 2015 as the bank continues to improve its liquidity structure.

Middle East M&A reach $4.7 billion in Q1 2016

Middle Eastern equity and equity-related issuance totalled $228.0 million during the first quarter of 2016, a 92 per cent decline from the first quarter of 2015 and the slowest opening period for equity capital markets issuance since 2011.

QIIB first-quarter net profit rises 5.1% to QR223.1mn

The bank was also able to successfully cope with “internal and external factors” affecting the market during the previous months.

Middle East M&A reach $4.7 billion in Q1 2016

Nadim Najjar, Managing Director, Mena, Thomson Reuters, said: “The value of announced M&A transactions with any Middle Eastern involvement reached $4.7 billion during the first quarter of 2016

ADIB Q1 net profit increases by 6.9 per cent for Q1 2016

ADIB is further enhancing its strategic positioning as one of the top retail Banks in the UAE

Rakbank Group Announces AED 250 million in Net Profit for the First Quarter of 2016

The regulatory eligible liquid asset ratio at the end of the quarter was 17.8%

Resilient Q1 2016 for cross-border M&A globally and in the Middle East: Baker & McKenzie Report

The Index reveals that despite a turbulent quarter for the global economy and capital markets see-sawing amid volatile risk asset sentiment, cross-border M&A proved surprisingly resilient.

al khaliji Bank Reports 8% Increase in Net Profit for the First Quarter of 2016

Commenting on the first quarter 2016 performance, Fahad Al Khalifa, al khaliji's Group Chief Executive Officer said: "Our performance in Q1 demonstrates the strength and resilience of our business.

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.

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