All Articles

Financial Results

Eshraq Investments records Q2 2020 net profit of AED 20.45 million

August 14, 2020

Implementing a comprehensive investment strategy to diversify in financial and technology investments Working on regaining sharia compliant status for its…

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Comment & Analysis

Meet your business goals with Maisarah commercial finance

August 14, 2020

Central to its strive to provide the best Islamic banking solutions for corporate and retail customers, Maisarah Islamic Banking Services,…

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Comment & Analysis

Abu Dhabi's Aldar Q2 profit rises 2%

August 14, 2020

Abu Dhabi developer Aldar Properties reported a 2% rise in second-quarter profit on Thursday, although the company did not provide…

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Financial Results

Bank ABC Islamic announces first half 2020 net profit of US$14.5 million

August 14, 2020

Bank ABC Islamic – has announces its financial results for the first half ending 30 June 2020. Below are highlights…

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Comment & Analysis

Job losses in Middle East aviation industry could hit 1.5 million mark

August 14, 2020

Job losses in the Middle East’s aviation and related sector could hit 1.5 million – 300,000 more than the earlier…

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Hedge Funds & Alternative Investments

State Street expands Middle East presence with office in Saudi Arabia

August 13, 2020

State Street Corporation announced today the opening of its first Saudi Arabia office, State Street Saudi Arabia Financial Solutions Company…

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Comment & Analysis

More UAE third-party administrators go bust

August 13, 2020

The UAE health insurance market is set to witness the collapse of more third party administrators (TPAs) and the emergence…

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Financial Results

Al Baraka Banking Group first-half profit falls as pandemic provisions soar 345%

August 13, 2020

Islamic bank Al Baraka posted $47.09 million in half-yearly profit attributable to equity holders, a fall of 16% compared to…

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Financial Results

Abu Dhabi Islamic Bank reports H1 2020 net profit of AED587.6 million

August 13, 2020

Abu Dhabi Islamic Bank (ADIB) today reported a net profit of AED587.6 million and AED 2.5 billion in net revenue…

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Executive Moves

CDC reinforces Egyptian ties with new appointment

August 13, 2020

The hire of an experienced development finance professional is intended to improve the UK development finance institution's relationships in Egypt,…

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Financial Results

Al Salam Bank Reports a Net Profit Attributable to Shareholders of BD 7.1 Million in the First Half of 2020

August 13, 2020

Al Salam Bank-Bahrain (“ASBB”) (Bahrain Bourse Trading Code: “SALAM”; Dubai Financial Market Trading Code: “SALAM_BAH”) reported a net profit attributable…

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Comment & Analysis

Dubai leads most major Gulf markets higher; Egypt quiet

August 13, 2020

Most major Gulf bourses ended higher on Wednesday, with the Dubai's index buoyed by gains in Emirates NBD Bank after…

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