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

Gulf salaries on track for weakest rise in a decade

In Saudi Arabia, the average salary is expected to increase by 5.9 per cent, the highest in the region, marginally beating the inflation rate of 4.7 per cent this year, the study noted.

OAB announce financial results for 2015

The Bank registered strong income and balance sheet growth in 2015 while strategic investments were made to upgrade the Bank’s infrastructure and build sustainable business momentum.

Al Masraf profits increase by 11 per cent to AED 405 million in 2015

The Arab Bank for Investment and Foreign Trade (Al Masraf) recorded a net profit of AED 405 million in 2015—reflecting a growth of 11 per cent as compared to the AED 366 million profit it posted in 2014.

AUB acquires 40 percent shares of MEFIC Capital

It has business operations spread out across seven different countries.

FGB announces 100% cash dividend for 2015 at Annual General Meeting

This reflects our recommendation to distribute 100% cash dividends.

UAE's First Gulf Bank says profit can grow 6 pct this year

Net interest margins will improve this year with liquidity conditions

Emirates NBD Egypt PMI

Average tariffs also rose for the first time in six months, albeit only marginally.

QInvest Doubles Shareholders’ Dividends

The bank has previously announced the conclusion of a 5-year US$200 million Murabaha facility with a syndicate made-up of local and international investment banks

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.

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