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

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"

UAE bank results point to rising pressure on profits

Surging provisions to squeeze profits of the majority of lenders

Amlak Finance reports Dh139m profit for 2015

The lender did not provide any breakdown of revenue for its core Islamic finance business.

UDC releases the year 2015 Financial Results

UDC targets investment opportunities in real estate, urban development and infrastructure with positive returns to shareholders.

Bank ABC Announces 2015 Net Profit of US$180 Million

Net profit for the fourth quarter was US$36 million, 39% lower than the US$59 million reported for the same period last year.

Shuaa Capital Q4 profit surge offset by full-year loss

Its full-year revenue was Dh178.2m compared with Dh213.4m in 2014.

Dubai Holding unit's net profit up 25pc

The group's total revenues were up 15 per cent at 14.53 billion compared to 12.63 billion a year ago

KFH furthers focus on profitability, recaps 2015 financial records

KFH’s total provisions at the end of 2015 reached KD 668 million, which was an increase of 1.83 percent over the same period last year.

ABK records KD 30.4 mn net profit for 2015

ABK will continue its conservative policy of provisioning during 2016.

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