03/19/2015
Qatar's Ooredoo expects revenue to fall in 2015
The bank expects the operator's 2015 annual net profit to fall to 1.83 billion riyals
Wealth & Asset Management
03/19/2015
Egypt's EFG Hermes returns to profit on investment bank expansion
The bank said net profit after tax and minority interest for the fourth quarter was up 30 percent year-on-year to 131 million pounds.
03/18/2015
Qatar-based banks post strongest growth in total assets in Q4, 2014
Qatar Central Bank Governor H E Sheikh Abdullah bin Saud Al Thani recently disclosed that for the first time the combined assets of Qatar banks have crossed the one trillion Qatari riyal threshold (in full-year 2014).
03/15/2015
Alkhabeer Capital's net profit increases by 32% in 2014
At the end of December 2014, total assets under management had grown by 34% to SAR 3.3 billion, while the market value of Alkhabeer's investment portfolio increased by 5.7% to SAR 709 million.
03/15/2015
Dunia Group reports record full year profit
Tight process control and a strategic focus on risk management underpinned dunia's performance
03/11/2015
Dubai's Amlak posts 2014 profit rise on debt restructuring
Dubai-based Islamic mortgage lender Amlak Finance posted a 22 percent rise in attributable net profit for 2014
03/10/2015
HSBC in Last Place Puts Focus on Foreign Banks in Turkey
The figures cover all lenders except for the four that operate by Islamic principles.
03/10/2015
Bank Albilad grows rapidly with 117 network of branches
The CEO of Bank Albilad noted the increase in the number of clients, the rapidly increasing size of clients’ deposits which amounted to over SR36 billion at the end of the 4th quarter of 2014
03/10/2015
Gulf Bank moving toward a new path after completing its recovery
Gulf Bank today held its Annual General Meeting and Extraordinary General Meeting at the Jumeirah Hotel, Kuwait and approved the company’s audited financial results for the year ended 31 December 2014.
03/10/2015
Israel's Bank Hapoalim profit dips on provision for U.S. tax probe
Hapoalim on Tuesday posted fourth-quarter net profit of 478 million shekels ($119 million), compared with 633 million a year earlier and below expectations of 615 million in a Reuters poll.
03/10/2015
Oman’s Bank Dhofar Cuts Proposed Cash Dividend On Central Bank Advice
The bank did not explain the reasoning behind the recommendation
03/09/2015
Gulf Bank moving towards a new path after completing its recovery
Gulf Bank today held its Annual General Meeting and Extraordinary General Meeting at the Jumeirah Hotel, Kuwait and approved the company's audited financial results for the year ended 31 December 2014.
03/09/2015
KAMCO Records KD 1.96m Profit
AUM Growth At 23% In 2014
03/09/2015
Israel Discount Bank profit down on one-off items
Israel Discount Bank reported a sharp drop in fourth-quarter profit due to non-recurring items, in line with last month's profit warning, but underlying fundamentals were strong.
03/08/2015
Bahrain Ithmaar Bank reports net loss for 2014
Ithmaar Bank, Bahrain’s Ministry of Housing, Eskan Bank signed partnership agreement.
03/07/2015
NBK posts net profits of KD 261.8 mln in 2014
The General Assembly endorsed the recommendation of NBK's Board of Directors to distribute a cash dividend equivalent to 30 percent of the nominal value of the share (30 fils per share) and bonus shares by 5 percent (5 shares for every 100 shares) to
03/06/2015
EFG Hermes: How patience turns to profit
Struggling against the backdrop of Egypt’s political turmoil, EFG-Hermes underwent a series of cutbacks and job cuts in 2013
03/04/2015
Triple threat weighs on Middle East earnings for Standard Chartered
The overall group posted a 30 per cent drop in full year proft.
03/02/2015
Strong provisioning and recoveries to boost CBD profits
Commercial Bank of Dubai to launch a high networth offering this year
03/02/2015
Blominvest Saudi Arabia net profit surges 16%
Al Rashoud noted that the value of company projects had increased to over SR7 billion in 2014 from nearly SR3 billion in 2013.