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.
Wealth & Asset Management
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.
09/02/2015
Gulf Finance: Softer quarterly growth and sales outlook for UAE SME sector
Gulf Finance Corporation, a wholly-owned subsidiary of SHUAA Capital and a leading provider of finance to SME and micro businesses, today announced the results of their Q2 2015 UAE SME Sentiment Survey.
09/01/2015
Dubai first half corporate earnings surge to $4.1b
On the DFM out of the nine sectors banks was the major gainer as a sector with 32 per cent rise in earnings
08/31/2015
Seera reports $2.3 million net profit for H1 2015
Seera Investment Bank announced its results for the six months ended 30thJune 2015 reporting consolidated net income of $2.3 million for the six months period compared to a loss of $29.5 million for the same period last year.
08/31/2015
Dubai first-half corporate earnings surge to $4.1b
Growth driven by robust banking sector, which increased 32%
08/30/2015
Investcorp reports 13% rise in net income for FY15
The Firm's balance sheet remains well capitalised, and at its strongest in terms of key metrics since 2008
08/30/2015
KSE's Consolidated Earnings Up 1.2% In H1
Although the UAE was the best-performing market in the GCC in 2014, Qatar outperformed it in 1H15.
08/30/2015
Islamic finance assets expected to reach $3.24 trillion by 2020
The CEOs debate will be followed by one of the key sessions of the summit, covering how Islamic financial institutions have moved from niche to mainstream by being part of the global agenda.
08/23/2015
KFH-Turkey's Net Profit Increased by 17.5%
The bank has been operating in the participation banking sector for more than 25 years with its robust shareholding structure and strong capital base.
08/20/2015
Bank Nizwa reports 46 per cent growth in revenues in Q2 2015
In a review meeting of its financial results for Q2 2015, the Board of Bank Nizwa reported a 46 per cent rise in its total revenues.