Saudi Arabia Leads Gulf IPO Activity
According to the Ernst & Young MENA IPO Eye Report, MENA IPO deal value increased by 222.6 percent to USD2.82…
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StanChart private equity spinoff targets Middle East
Affirma Capital, the newly- spun-off former private equity business of Standard Chartered Bank, is eyeing acquisition opportunities in the Middle…
UAE’s 18 national banks post $6.6bn in H1 profit
The combined net profits of 18 national banks listed on the country’s financial markets rose to Dh24.5 billion ($6.6 billion)…
Investcorp annual net profit up 5%, cuts private equity co-investments
Bahrain-based Investcorp said on Wednesday its net profit rose 5% in its latest financial year, helped by higher fee income,…
DFSA, Egypt cbank team up to promote bank safety
The Dubai Financial Services Authority has partnered with the Central Bank of Egypt to facilitate the performance of their respective…
Sarwa Capital postsprofits in H1
Sarwa Capital Holding for Financial Investments SAE announced Tuesday, in a statement sent to EGX, the financial results for the…
CFA Society Emirates appoints new Board of Directors
CFA Society Emirates, the local UAE member society of CFA Institute, announced today the appointment of Mr Richard Lee, CFA,…
Bank ABC Islamic H1 net profit up 21pc to $18.9m
Bank ABC Islamic has announced a first half net profit of $18.9 million, 21.1% higher than the profit of $15.6…
Saudi British Bank posts Q2 loss as merger-related costs increase
Saudi British Bank reported a net loss of 254 million Saudi riyals (Dh248.7m) in the second quarter of the year,…
Investcorp reports full-year income up 5pc to $131m
Bahrain-based Investcorp, a leader in alternative investment products, has reported a net income of $131 million for the 12 months…
UAE’s four largest banks post H1 profit above $5bn
The UAE's four biggest banks reported first-half net profits rose to Dh19 billion ($5.3 billion), helped by asset growth and…
Ithmaar Bank Upgrading, Relocating Muharraq Branch
Ithmaar Bank, a Bahrain-based Islamic retail bank, announced yesterday that it is upgrading and relocating its Muharraq branch to a…