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

QIB posts 23% jump in Q1 profit to QR429mn

QIB’s total Income for the three-month period ended in March reached QR1.28bn compared with QR950mn in the same period last year.

National Bank of Oman Q1 net profit rises 10 pct

The bank had recorded a significant outflow of deposits during 2015

Tadawul boosted by strong banking results

Banking shares helped lift Saudi Arabia’s stock market on Tuesday as two lenders beat analysts’ earnings forecasts, helping boost investor sentiment across the region, while Egypt extended its correction.

The Making of a Perfect Storm for GCC Sukuk

The result was an increase in cash holdings due to a lack of sukuk options to invest into.

SABB First Quarter Profit Increase to SAR 1,142 Million

The bank's investment portfolio of SAR 28.6 billion at 31 March 2016 - a decrease of SAR 18.7 billion, or 39.5 %, from SAR 47.3 billion at 31 March 2015.

Qatar Bank Liquidity Slumps in February After Deposits Decline

Lenders’ loan-to-deposit ratio climbed to 125.9 percent from 121.8 percent in January, according to Bloomberg calculations.

Barwa Bank posts 2015 profit of QR729.7mn

Barwa Bank’s customer deposits totalled QR25.5bn at a growth rate of 16.5% in 2015.

QNB posts Q1 profit at QR2.9bn; assets grow by 9.7%

The Group maintained an efficiency ratio (cost to income ratio) of 22.7 percent, which is considered one of the best ratios among financial institutions in the region, a statement said.

QNB Group Financial Results For The Three Months Ended 31 March 2016

This is a result of QNB Group's strong financial position, high quality of its assets and its leading position in the financial sector.

Kuwait, UAE lead GCC acquisition deals in 2016 first quarter

Data showed that on a quarter on quarter basis the deal value declined in the first quarter of this year from $10.23 billion from 161 deals in the final quarter of 2015

GCC equities rebound after weak start to year

Regional markets correlation with oil prices remained high as oil, deficits and economic reforms continued to be key topics for the GCC countries.

Seera Reports $2.8 Million Net Profit for 2015

The increase in income is mainly attributable to fees on the acquisition and structuring of new investments and gains from exits completed during the year.

Qatar-based banks top in assets growth in GCC

Qatar-based banks' lending growth as driven by an increase in public sector spending backed by several initiatives taken by the government in the run up to FIFA World Cup 2020.

DGCX Breaks Several Records in the First Quarter of 2016

Global markets have been witnessing exceptional volatility owing to factors such as consistently low oil prices, economic slowdown across the globe and changes in various exchange rates.

Gulf Investment Corporation reports Net profits of USD 110 million for 2015

Those profits have been achieved from the Corporation's main activities in the financial markets and direct investments in projects.

NBK to increase capital by 6.5pc

The issuance price includes an issuance premium of 300 fils per share on top of the par value of 100 fils per share.

Qatar First Bank reports a net income of QAR 66 million in 2015

Looking ahead, QFB management team is very well aware that there is still a great deal of work to be done on the bank's journey to success.

Global Investment House reports KWD16.4 million revenues

During 2015, the Asset Management business remained resilient with KWD1.1 billion of assets under management.

GCC banks post 9.1% loan growth

Net profit of Qatari banks declined 2.1 per cent, Global Investment House said in its Banking Sector Quarterly report.

Commercial Bank of Kuwait presents financial results at AGM

The attached financial statements provide detailed information on results and disclosures required by the law, regulatory authorities and address issues that are of concern to the various stakeholders of the Bank.

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