05/18/2016
Ezdan's $500m debut Sukuk a huge hit
The transaction, which announced on 3 May 2016, is the first milestone in Ezdan 's $2bn Sukuk programme.
Wealth & Asset Management
05/16/2016
Ithmaar Bank reports net profit attributable to equity holders of the bank of US$ 1.22 million for the First Quarter of 2016
Net profit attributable to equity holders of the Bank for the first quarter of 2016 was US$1.22 million, which is lower by 54 percent compared to the US$2.64 million profit reported for the same period last year.
05/16/2016
SHUAA Capital reports net loss
SHUAA Capital today announces its Q1 results with an increase in total revenues to AED 45.5 million and a net loss of AED 27.5 million
05/16/2016
ABK Posts Operating Profit Of KD 22.1 MLN In Q1
Al Ahli Bank of Kuwait (ABK) today announced an operating profit of KD 22.1 million for the first quarter of 2016, after a one-off investment loss of KD 2.3 million on investments disposal, compared to KD 21.8 million for the corresponding period in 2015.
05/16/2016
Union Insurance Posts a 40% Increase in Gross Insurance Premium in Q1 2016
Union Insurance posted a gross technical profit in first quarter of 2016 of Dhs25 million compared to Dhs27 million in Q1 2015.
05/16/2016
Kuwait's Gulf Bank Q1 net profit slips 10 pct as bad loans weigh
It attributed the net profit fall to a 14 percent increase in provisions and impairment losses
05/15/2016
Egypt's CIB Reports 17 Pct Rise In Q1 Net Profit
Commercial International Bank, Egypt's largest-listed company, reported a 17-percent rise in first-quarter net profit helped by improved interest margins.
05/15/2016
Global distributes USD35 million to its clients investing in its private equity funds
The Direct Investment Fund is Sharia compliant and also focuses on the GCC markets.
05/12/2016
Strong first quarter for QInvest
The new company has been granted a license to operate by The Capital Markets Board of Turkey and is licenced to offer portfolio management to both individual and institutional investors.
05/12/2016
EFG-Hermes loses EGP 63m during Q1 of 2016
The company’s financial results showed that its fees and commission income rose by 7% during the first quarter of the year, compared to 2015.
05/12/2016
QInvest announced net profit QAR 37 million for Q1 2016
QInvest today announces a strong start to the year, with an increase of 36 per cent revenues for the first quarter to QAR 102 million ($28 million) and net profit up 34 per cent to QAR 37 million ($10 million).
05/11/2016
Abu Dhabi's major investment drive mapped out in 2016 economic report
Oxford Business Group launches tenth-anniversary report on emirate's economy.
05/10/2016
Aldar Properties Q1 2016 net profit increases 15%
In April, Aldar announced the launch of Yas Acres, an AED 6 billion golf and waterfront development including 1,315 villas and townhouses.
05/09/2016
GCC bond, sukuk markets improve; IPOs weak in Q1
In sovereign issuances, the Central Bank of Kuwait and the Central Bank of Bahrain were the most active players during this quarter.
05/09/2016
Credit Growth Expected To Slow
For the June quarter, respondents to a UAE Central Bank survey expect marginal tightening in credit standards, while the appetite for business lending is expected to improve further.
05/09/2016
Dubai: Damac's Q1 2016 net profit slumps 15%
Cash and bank balances for the developer stood at $2.5bn (AED9.4bn), while development properties' value was also recorded at $2.5bn (AED9.4bn) for the period.
05/08/2016
Burgan Bank Group announces 2016 Q1 earnings
Reported net income for the first quarter attributed to equity holders of the bank is KD14.3 million and earnings per share is 4.4 fils.
05/06/2016
Batelco posts 2016 first quarter net profits of BD 9.6 Million
Revenues continue to be impacted by competitive pressure in a number of markets across the Group.
05/05/2016
Ahli United Bank B.S.C. reports a Q1/2016 profit of US154.6 million attributable to the shareholders of the bank
Despite continuing weak economic trends into 2016, AUB continued to grow its operating income underpinned by an effective balance sheet management strategy
05/05/2016
Khaleeji Commercial Bank announces excellent financial results
The bank is continuously expanding its business to reach the gross assets of BD 672,3 Million a growth of 2.8% compared to the same period in last year.