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

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.

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.

Wealth & Asset Management