10/18/2015
UAE bank ADCB meets estimates with 18.3 pct Q3 net profit gain
Analysts polled by Reuters had forecast an average net profit for the period of 1.19 billion dirhams.
Wealth & Asset Management
10/14/2015
Ahlibank’s 9-month profit jumps 10% to QR505.68mn
Net interest income rose 4% to QR570.7mn and net non-interest earnings grew faster at 29% to QR182.6mn.
10/13/2015
NBK reports net profits of $754.5 million for 9M 2015
National Bank of Kuwait reported net profits of $754.5 million KWD 227.9 million for the first nine months of 2015 compared with $675.0 million KWD 203.9 million for the same period in 2014, growing 11.8 per cent year-on-year.
10/13/2015
Bank Aljazira Q3 profits up 253 per cent
Profits for the first nine months of the year reached SAR 1,128 million, up 202 per cent. Earnings per share rose from SAR 0.93 to SAR 2.82.
10/13/2015
Global Wealth in 2015: Underlying Trends Remain Positive
Global wealth reached 250 trillion US dollars in 2015, slightly less than a year earlier, due to adverse exchange rate movements.
10/11/2015
UAE's combined market cap rises by Dh2.2bn in September
Dubai market cap declines while Abu Dhabi gains
10/11/2015
UAE-Commodities recovery set to begin in H2 of 2016
Gold has demonstrated its strength in recent weeks and oil markets have begun to stabilise
10/11/2015
Saudi bank National Commercial's Q3 net profit up 6.7 pct
Q3 net profit 1.99 bln riyals Vs 1.87 bln riyals yr-ago
10/09/2015
Saudi British Bank Q3 net profit rises 7.7pc
The bank attributed its net profit rise to increased operatng income and lower expenses, but did not elaborate.
10/09/2015
Saudi bank Samba Q3 net profit rises 7 pct, beats estimates
Total operating income for the quarter rose 7.6 percent to 1.99 billion riyals and profit from special commissions grew 0.8 percent to 1.18 billion riyals.
10/08/2015
Gulf's largest lender posts 6.1% rise in Q3 net profit
Four analysts polled by Reuters had on average forecast QNB would make a quarterly net profit of 2.94 billion riyals.
10/08/2015
Qatar's SWF mulls sale of $425m Vinci stake
The Qatari fund is the ninth largest in the world with assets worth $250m, according to Gulf News.
10/02/2015
Gulf Banks' Earnings Growth to Slow After Slide in Oil, S&P Says
Net income growth at the 26 banks it rates in the region will decline below 10 percent in 2015 and potentially slow further in 2016, the ratings firm said.
09/28/2015
UAE banks' assets climb 7%
Banks sanctioned 8.6 per cent more loans to individuals in August this year compared with the same period last year.
09/25/2015
Al Baraka's ratings reaffirmed by top agencies
The fiduciary score is an aggregation of scores assigned to its three sub-sections
09/18/2015
Net interest income, lower provisions boost GCC banks' profits
Loan book growth continues to remain strong across GCC markets
09/14/2015
Saudi banks still strong despite oil slump: Saudi British Bank, MD, David Dew
SABB is the kingdom's fifth-largest lender by assets and is 40 percent owned by HSBC, Europe's biggest bank.
09/09/2015
JIB’s profit rises 10.2pc to $35m
The JIB board, represented by ABG president and chief executive Adnan Ahmed Yousif, approved the financial statements expressing satisfaction with the results which affirm the solid financial status of the bank
09/05/2015
DIFC reports impressive growth in first half of 2015
Total number of registered companies up 8.3% to 1,327
09/04/2015
Moody's: Al Ahleia's acquisition of Kuwait Re constrains capital position and financial flexibility
Following the announcement, Moody's Investors Service affirmed Al Ahleia's A3 insurance financial strength rating and changed the outlook to negative from stable.