Jordan's Housing Bank H1 net profit up 8 pct
Jordan's Housing Bank for Trade and Finance posted an 8 percent rise in first-half net profits to 66.4 million dinars…
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Saudi banks’ first half results point to increasing pressure on profitability
First half results of Saudi Arabia’s banks showed increasing pressure on their profitability, reflecting rising funding costs and tightening liquidity…
Saudi Arabia Said to Have Offered $4 Billion to Banks
Saudi Arabia’s central bank offered lenders short-term loans in late June to help ease liquidity constraints, according to five people…
CBI reports AED 68.7 million net profit in H1 2016
Commercial Bank International announces its financial results for the six months ended 30th June 2016. H1 2016 Financial Highlights: …
Emaar Properties records 12% growth in net profit to AED 2.475 billion in first half 2016
Revenue for the first six months of 2016 is AED 7.257 billion, 11% higher than same period in 2015 …
Marmore: Fintech is yet to properly penetrate the GCC region
The report stated that Fintech refers to the use of technology, usually in the form of software applications or digital…
Demography to play a crucial role in GCC economic growth: Indosuez Wealth Management
There are some interesting observations for the GCC region when we link demographics with financial markets. Replacing the investment…
Aramex founder sells entire stake to Boson Ventures
Fadi Ghandour, the founder of Dubai-listed logistics firm Aramex, has sold all of his holdings in Levant Logistics Holdings to…
Bank Nizwa reports 57% increase in revenues during Q2 2016
The Board of Bank Nizwa reported a 57% rise in its total revenues compared to same period in 2015, while…
Alizz Islamic Bank fares well in second quarter
Alizz Islamic Bank said that its financing portfolio reached OMR 247.7 million in the second quarter, registering a growth of…
IBM bolsters investments in the Middle East through second Innovation Center in the UAE
IBM today announced the further expansion of its operations in the Middle East and Pakistan with the launch of a…
Award number seven and eight for Sidra Capital in 2016
Sidra Capital was awarded the Best Structured Trade Investment Fund (Since Inception) for its Sidra-Ancile Global Structured Trade Fund and…