07/22/2016
Commercial Bank announces net profit down 65 per cent for Q2 2016
The Commercial Bank Q.S.C. and its subsidiaries and associates announced today its financial results for six months to 30 June 2016.
07/22/2016
The Commercial Bank Q.S.C. and its subsidiaries and associates announced today its financial results for six months to 30 June 2016.
07/21/2016
The bank’s cost to income ratio was contained at 31.2% for the first half of this year.
07/20/2016
Appetite for GCC debt is expected to remain healthy, though it may be dampened by external risk factors.
07/20/2016
The Gulf Arab state's third-largest lender by assets earned a net profit attributable to equity holders of 212.3 million riyals in the three months to June 30, it said in a statement.
07/20/2016
The second biggest lender by assets in Abu Dhabi reported a net profit of Dh1.126 billion, up 10 per cent in April-June quarter 2016.
07/20/2016
The proposed merger will create a bank with the financial strength, expertise, and global network that is expected to support the UAE's economic ambitions both locally and globally.
07/19/2016
Seven financial institutions have participated in the transaction.
07/19/2016
Upon winning the awards, César González-Bueno, Chief Executive Officer, Gulf Bank, said, "We are very proud to receive these two prestigious awards
07/19/2016
Seven lenders participated in the deal, with Mizuho Bank acting as sole co-ordinator, sole bookrunner and mandated lead arranger.
07/18/2016
The Group’s balance sheet continues to remain strong, coupled with adequate liquidity and capital buffers as the region continues to adjust to an environment of lower oil prices.
07/18/2016
Al-Maiman added that the Bank's total assets reach SR 453 billion compared to SR 461 billion at the end of the same period of the previous year.
07/15/2016
The average forecast of four analysts polled by Reuters was for a quarterly profit of 420 million dirhams.
07/15/2016
Bad debt has been plaguing UAE banks since the slide in oil prices that began two years ago.
07/14/2016
This increase is mainly attributable to the development of the portfolio of assets and treasury activities and an increase in fees and commissions.
07/14/2016
Q2 net profit 46.7m rials versus 46.5m rials a year ago
07/13/2016
QNB Group announced its results for the six months ended 30 June 2016.
07/13/2016
Bank Muscat did not disclose a quarterly breakdown of its earnings so Reuters calculated the figure based on previous financial statements.
07/13/2016
The report also predicts inflation will rise to 3.2 percent in 2016 and 3.4 percent in 2017 in line with global inflation hikes.
07/13/2016
National Bank of Oman has set terms for a $100m tap of its $500m 3.125% 2019s at 200bp over midswaps, which a syndicate official away from the deal said equates to a new issue premium of around 23bp.
07/07/2016
Transaction the latest facility raised by a regional bank as liquidity comes under pressure from lower oil prices, a weaker economy