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

First Abu Dhabi Bank to open Nigerian office in sub-Saharan push

We were absolutely convinced that we needed a presence in sub-Saharan Africa. We have a presence in Egypt.

ALEXBANK signs an MoU with Blu EV

Under the auspices of the Embassy of Italy in Cairo and on the sidelines of Ms. Paola Papanicolaou’s visit to Egypt

Gulf Bank reports a net profit of KD 52.4mln for the full year 2025

With proposed cash dividends of 9 fils per share and a 5% bonus share distribution

Arab Bank Group reports record net profit of $1.13bln for 2025, 40% cash dividends

The Group’s equity position also reflects financial stability and resilience, standing at USD 13.2 billion at year-end

Central Bank Pilots Face-and-Palm Biometric Payments, Extending UAE’s Seamless-Travel Ecosystem

Industry insiders predict the system will integrate with Emirates ID by year-end, creating a single digital identity for both border crossing and commerce.

As UAE central bank trials palm payments, Amazon ditches the tech

The central bank is working with vendors PopID and Network International through its sandbox programme on a proof-of-concept of the biometrics-based payments.

NBK launches for its employees the “Wellness Week” initiative with more than 10 companies

At the headquarters from 19 to 26 January

Lesha Bank records a net profit of QAR 200.1mln for the year ended 2025

Reflecting 56% YoY growth and proposed cash dividend of 6%

Al Rayan Bank holds annual Executive Fraud Risk Management Briefing

This briefing forms a key component of the Bank’s established annual Fraud Risk Management cycle

Dukhan Bank signs exclusive partnership with Rafeeq

The agreement was formalised during a signing ceremony held at Dukhan Bank’s headquarters in Lusail, attended by senior representatives from both organisations, alongside media and key stakeholders from Qatar’s digital sectors.

SNB records $6.67bln profits in 2025; financing agreement unveiled

The earnings per share (EPS) amounted to SAR 4.04 in 2025, up year-on-year (YoY) from SAR 3.44, according to the income results

Qatar Development Bank launches Reyada portal to empower private sector

Initiative marks strategic step to strengthen national entrepreneurship ecosystem

QIIB net profit surges 7.2% to QR1.35bn in 2025

The bank reported a net profit of QR1.35bn, representing a growth rate of 7.2% compared to 2024.

Ahlibank Plays key financing role in the development of Luma Residences

The agreement reflects the bank’s continued focus on partnering with projects that demonstrate strong fundamentals, disciplined execution, and alignment with national priorities under Oman Vision 2040

Dubai's Emirates NBD posts net profit rise in 2025 driven by record lending growth

Emirates NBD said total gross loans climbed 24% to 658 billion dirhams as of the end of December, driven by markets including Saudi Arabia

Oman Arab Bank launches new platform for SME growth

Aligned with Oman Vision 2040 objectives, the initiative reflects Oman Arab Bank’s strategic role as a partner in national economic development.

Qatar banks’ non-performing loan ratio expected to decline to 3.4% in 2026-2027

The profitability remains sufficient to support internal capital generation buoyed by improving credit conditions.

Montran opens new office in Dubai

The Dubai office will serve as Montran's regional hub for infrastructure projects and client partnerships across the Gulf Cooperation Council (GCC) and the broader MENA region.

Commercial Bank of Dubai FY 2025 net profit up 15.5% to $953mln

Expected credit losses fell by about a third to AED 521 million

CBK mandates auditor rotation for exchange companies every three years

Under the new directive, the appointment of an auditor may only be renewed twice, after which a replacement becomes mandatory, reports Al-Rai daily.

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