ABK records KD 42.1m in net profit for 2018
Al-Ahli Bank of Kuwait, yesterday announced its financial results for the fiscal year ended 31st December, 2018. The Bank…
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Treasury to take over Turkey’s largest listed bank, Erdogan says
Turkish President Recep Tayyip Erdogan said the Treasury would take over Istanbul-based Isbank, sending the private lender’s shares plunging. …
Commercial Bank to issue ‘kangaroo’ bonds in 2019: Group CEO
Commercial Bank is looking to jumpstart 2019 by issuing around A$200mn to A$250mn ‘kangaroo’ bonds in the next coming months,…
UAE releases $496 million frozen funds, ending Kuwait dispute
A dispute between Dubai and Kuwait appeared to have ended on Tuesday as the United Arab Emirates’ central bank authorized…
2019: Good start for UAE businesses
With rates of expansion in output and new orders accelerating amid reports of stronger market demand in January, non-oil businesses…
Dubai Finally Unlocks $500m In Frozen Funds, Ending 15-Month Dispute With Kuwaiti Investment Firm
The Dubai authorities have approved the release of $496m belonging to a Middle East investment firm that has been frozen…
UAE investors ‘optimistic towards growth’
A quarter (24 per cent) of investors in the UAE expect returns exceeding 10 per cent and just 7 per…
Saudi Arabia’s $10bn privatization push gears up
Saudi Arabia’s privatization push is set to shift gear this year with plans to raise as much as $10 billion…
Al Rahji Bank's net profit jumps 13%, beating analysts' estimates
Al Rahji Bank, Saudi Arabia's largest lender by market value, reported a 13 per cent annual rise in net profit…
Abu Dhabi’s FAB surges as it seeks more foreign investment
First Abu Dhabi Bank (FAB) PJSC jumped on optimism the lender will follow regional peers and raise the foreign-ownership limit…
Abu Dhabi Islamic Bank net profit up 8.7pc to $680m
Abu Dhabi Islamic Bank (ADIB) has delivered a strong set of results for 2018 with net profit growing 8.7 per…
Investcorp posts 5pc increase in net income
Investcorp has announced a net income of $58 million for the first six months of its fiscal year (H1 FY19)…