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

Profit repatriation impedes acquisition deals in local market

CBE failed to resolve repatriation problems, which hindered flow of foreign direct investment, say Experts

Gulf International Bank b.s.c. announces a 5.6 per cent increase in full year profit to $90.4 million

This growth principally reflected increases in both the loan volume and loan margins, as the Bank continues to successfully re-orientate its lending activities from transactional-based long-term project and structured finance to relationship-based large a

UGB announces results for 2015

UGB 's Board of Directors will not be recommending any dividends for 2015.

UAE bank UNB expects limited profit and loan growth in 2016 - CEO

The impact of lower growth has already started to feed through into the earnings of some UAE banks.

Qatar banks' loan book grows as deposits shrink

On the other hand, deposits receded by 1.4 percent MoM, QNB Financial Services monthly banking sector update noted yesterday.

Qatar's Masraf Al Rayan sees 8-10 pct profit growth in 2016 - chairman

Masraf Al Rayan reported last month a 3.6 percent rise in full-year net profit in 2015 to 2.07 billion riyals, although its fourth-quarter earnings dipped slightly according to Reuters calculations.

BisB reports $29m net profit, up 20pc

The hank has registered net profit of BD2.6 million in the last quarter of the year, as compared to net profit equal to BD2.7 million for the same period last year, a decrease of four per cent

Ahli United Bank posts 11.1 pct rise in Q4 net profit

The bank's 2015 profit was $537.2 million. This compares with 2014's profit of $482.5 million.

Takaful Emarat delivers 42% net profit growth for FY 2015

As a result, 2015 was a year of accelerating growth for Takaful Emarat outperforming publicly listed insurance companies, which incurred a combined loss of AED 107 million in 2015

SICO announces net profit of BD 2.8 million for 2015.

Commenting on these results, Shaikh Abdulla bin Khalifa Al Khalifa, Chairman of Securities &Investment Company

Al Baraka Banking Group Net Profits Raise by 4%

A number of 17 famous international banks from 11 countries participated in the facility covering all main world financial centers.

S&P revises Qatar-Based Insurer Al Khaleej Takaful Group outlook to positive

At the same time, the ratings agency affirmed its 'BBB' long-term insurer financial strength and counterparty credit ratings on KTG.

DIFC reports results for 2015

Dubai International Financial Centre, the global financial services hub connecting businesses and financial institutions with emerging markets across the Middle East, Africa & South Asia, achieved another record year in 2015, it was announced today.

First Gulf Bank registers its 16th straight year of growth in net profits

This is our 16th consecutive year of growth in net profits, which is a remarkable achievement for FGB.

Middle East corporate banks: Digital laggards risk seeing profits drop by 15-30% compared to digital leaders

The Boston Consulting Group's recent survey of corporate-banking customers worldwide indicates that, over the next five years

Mideast banks play catch up in digitisation game

Digital laggards risk seeing profits drop by 15-30 per cent relative to early adopters

Kuwait's KIPCO says Q4 net profit rises by 10.7%

The regional investment house, with stakes in media, industrial, financial and real estate companies, will pay a cash dividend for 2015 of 25 percent

Adnic latest UAE insurer to report losses

Oman Insurance Company, the biggest insurer in the UAE by market share, last week posted a loss of Dh31m in the fourth quarter of last year

Faisal Islamic Bank's volume of business surges 7.4% in January

In addition, the bank's current accounts and saving pools rose 7.5% to record 49.494 billion, compared to 46.048 billion in the same period of the previous year.

Emirates NBD posts $1.9bn profit for 2015

“Asset growth, an increase in income, a control on expenses and a significant improvement in the cost of risk have all contributed to our strong operating performance, with total income growing 5 per cent"

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