03/13/2014
Qatar's Barwa Real Estate posts 27.3 pct 2013 profit rise
Qatar's Barwa Real Estate said on Thursday that its 2013 net profit rose 27.3 percent, indicating that the Gulf Arab state's largest listed developer made a significant fourth-quarter net profit.
03/12/2014
National Bank of Bahrain held its Annual General Meeting yesterday which highlighted the 8 per cent increase on their net profit and 35pc cash dividend distribution.
03/11/2014
The overall profitability of Gulf Cooperation Council (GCC) banks is forecast to grow at high single digits this year,
03/10/2014
Lender has remained in good shape in face of beating for India’s public-sector banks
03/04/2014
We will not rule out if there is a bigger opportunity
03/04/2014
Bank Alfalah has reported earnings per share of Rs 3.47, for the year ended December 31, 2013, improving from Rs 3.38 per share reported for the year 2012.
03/04/2014
National Bank of Fujairah announced that it has won the “Best Trade Finance Bank” award at the Trade & Export Excellence Awards 2014.
03/03/2014
Saudi Arabia to Sell stake in the country’s largest lender
The Saudi government’s decision to sell part of its stake in the country’s largest lender in an initial public offering is expected to result in one of the Middle East’s biggest share sales.
03/03/2014
Bahrain-based Ithmaar Bank reported a net loss of BHD 29.9 million in 2013, compared to a net loss of BHD 10.1 million in 2012.
02/28/2014
The chief executive of the bank Abdul karim Bucheery, in a statement seen by “Twilight News”, that the expansion in the Kurdistan Region of Iraq will be the next step to the bank, if there is a market study that led to positive results.
02/27/2014
Bank of Bahrain and Kuwait is planning to scale up its presence in India by opening a branch in New Delhi, its fourth in the country.
02/27/2014
First Gulf Bank, Abu Dhabi’s most profitable lender, said it expects to continue reporting double-digit growth amid a growth spurt in the UAE economy, which grew more than 4 per cent last year.
02/27/2014
HSBC has sold its bank in Kazakhstan to the country's second biggest lender, Halyk Bank HSBK.KZ, for $176 million in cash, continuing a retreat from countries that are unprofitable or where it lacks scale.
02/27/2014
Luxembourg's general pension fund is boycotting five Israeli banks associated with illegal Jewish settlements in the West Bank.
02/26/2014
Muscat The initial public offering plan of Oman Arab Bank has been put on hold.
02/26/2014
A Qatari bank to appear in Bulgaria – this is the newest proposal of Bulgaria's Minister of Foreign Affairs Christian Vigenin to the Prime Minister of the Arabic country
02/25/2014
ABC Islamic Bank, a subsidiary of Bahrain-based Arab Banking Corporation, has posted a net profit of $12.2 million for 2013, up 48 per cent compared to the previous year.
02/24/2014
Bahrain's Al Baraka Banking Group reported a 23 percent increase in fourth-quarter net profit on Sunday
02/21/2014
Thousands of messages have been sent to warn bank customers in the Kingdom of swindlers trying to gain access to their online bank accounts.
02/19/2014
Standard Chartered set to finalise sale of its retail bank in Lebanon
UK-based Standard Chartered is set to take a final decision on plans to divest its retail banking unit in Lebanon, following submission of the final bids by the remaining two bidders.