04/18/2016
Bank Muscat net profit up 1.1% to RO44mn
Bank Muscat's net loans and advances from conventional operations rose by 6.9 per cent to RO6.92bn from RO6.47bn a year ago.
Wealth & Asset Management
04/18/2016
ValuStrat issue Q1 2016 Dubai Real Estate Market Report
In terms of registered residential transactions, median residential prices were 10.4% lower YoY and 2.5% lower QoQ.
04/18/2016
Nbk reports net profits of KD 78.9 million for 1Q 2016
Al-Sayer affirmed that the strong set of results in 1Q 2016 are driven mainly by the solid growth of the core banking activities.
04/18/2016
National Bank of Kuwait reports Q1 profit slide on lower investment income
Net interest income and net income from Islamic financing and fees both increased during the latest quarter, the bank noted in the bourse filing.
04/18/2016
Saudi's Arab National Bank Q1 profit beats forecasts despite 2.8 pct dip
Four analysts polled by Reuters had forecast on average the lender would make a first-quarter net profit of 685.8 million riyals.
04/18/2016
Bahrain non-oil sector expands by 3.9% in 2015
Non-oil sector now accounts for more than 80% of real GDP Value of non-oil goods traded has increased by 19% since 2010 Domestic credit growth reaches 10% annual pace in final quarter of 2015
04/14/2016
Where 14% yield in a world of negative rates isn’t enough
Yet they are still yielding the same or less than Brazilian or Zambian debt with a higher credit rating.
04/14/2016
QIB posts 23% jump in Q1 profit to QR429mn
QIB’s total Income for the three-month period ended in March reached QR1.28bn compared with QR950mn in the same period last year.
04/14/2016
National Bank of Oman Q1 net profit rises 10 pct
The bank had recorded a significant outflow of deposits during 2015
04/13/2016
Tadawul boosted by strong banking results
Banking shares helped lift Saudi Arabia’s stock market on Tuesday as two lenders beat analysts’ earnings forecasts, helping boost investor sentiment across the region, while Egypt extended its correction.
04/13/2016
The Making of a Perfect Storm for GCC Sukuk
The result was an increase in cash holdings due to a lack of sukuk options to invest into.
04/13/2016
SABB First Quarter Profit Increase to SAR 1,142 Million
The bank's investment portfolio of SAR 28.6 billion at 31 March 2016 - a decrease of SAR 18.7 billion, or 39.5 %, from SAR 47.3 billion at 31 March 2015.
04/12/2016
Qatar Bank Liquidity Slumps in February After Deposits Decline
Lenders’ loan-to-deposit ratio climbed to 125.9 percent from 121.8 percent in January, according to Bloomberg calculations.
04/10/2016
Barwa Bank posts 2015 profit of QR729.7mn
Barwa Bank’s customer deposits totalled QR25.5bn at a growth rate of 16.5% in 2015.
04/07/2016
QNB posts Q1 profit at QR2.9bn; assets grow by 9.7%
The Group maintained an efficiency ratio (cost to income ratio) of 22.7 percent, which is considered one of the best ratios among financial institutions in the region, a statement said.
04/06/2016
QNB Group Financial Results For The Three Months Ended 31 March 2016
This is a result of QNB Group's strong financial position, high quality of its assets and its leading position in the financial sector.
04/05/2016
Kuwait, UAE lead GCC acquisition deals in 2016 first quarter
Data showed that on a quarter on quarter basis the deal value declined in the first quarter of this year from $10.23 billion from 161 deals in the final quarter of 2015
04/05/2016
GCC equities rebound after weak start to year
Regional markets correlation with oil prices remained high as oil, deficits and economic reforms continued to be key topics for the GCC countries.
04/05/2016
Seera Reports $2.8 Million Net Profit for 2015
The increase in income is mainly attributable to fees on the acquisition and structuring of new investments and gains from exits completed during the year.
04/04/2016
Qatar-based banks top in assets growth in GCC
Qatar-based banks' lending growth as driven by an increase in public sector spending backed by several initiatives taken by the government in the run up to FIFA World Cup 2020.