04/28/2016
Dubai Islamic Bank PJSC, the United Arab Emirates biggest bank complying with Muslim banking rules, said it plans to raise 3.6 billion dirhams from a share issue, as first-quarter profit increased.
04/28/2016
Net interest and Islamic finance income grew flat to Dh1.586 billion, however it fell four per cent comparing with previous quarter.
04/28/2016
Qatari Diar, a real estate-focused unit of sovereign wealth fund the Qatar Investment Authority, owns 45 percent of Barwa.
04/28/2016
This rapid development is based on the continuous innovation of Avaloq’s software product, the Avaloq Banking Suite, as well as significant demand for BPO solutions.
04/28/2016
National Bank of Fujairah PJSC has announced its results for the three month period ended 31 March 2016.
04/27/2016
Customer accounts and other deposits dipped 6.6 per cent over the same time period to reach Dhs 233.3bn as of end-March.
04/27/2016
EFG Hermes had forecast DIB would make a quarterly profit of 938 million dirhams.
04/26/2016
Commercial Bank continued actively supporting the Qatar National Vision 2030 agenda during the first quarter of the year.
04/24/2016
The increase in profitability was fuelled by a 73% surge in fee and commission income and supported by a 35% rise in net income from financing.
04/24/2016
Egypt has struggled to spur economic growth since its 2011 uprising ushered in political instability that scared off tourists and foreign investors, key sources of foreign currency.
04/24/2016
The bank made net impairments worth 366 million dirhams in the first quarter, the statement said, up from the net 196 million dirhams set aside for bad loans in the same three months of last year.
04/21/2016
Ahlibank registers net profit of QR165mn in Q1
Stable funding, which includes medium-term liquidity, improved to 7.9% in March 2016, as a percentage to total liabilities vis-à-vis 6.6% in March 2015 as the bank continues to improve its liquidity structure.
04/21/2016
Middle Eastern equity and equity-related issuance totalled $228.0 million during the first quarter of 2016, a 92 per cent decline from the first quarter of 2015 and the slowest opening period for equity capital markets issuance since 2011.
04/21/2016
The bank was also able to successfully cope with “internal and external factors” affecting the market during the previous months.
04/21/2016
Middle East M&A reach $4.7 billion in Q1 2016
Nadim Najjar, Managing Director, Mena, Thomson Reuters, said: “The value of announced M&A transactions with any Middle Eastern involvement reached $4.7 billion during the first quarter of 2016
04/21/2016
ADIB is further enhancing its strategic positioning as one of the top retail Banks in the UAE
04/21/2016
The regulatory eligible liquid asset ratio at the end of the quarter was 17.8%
04/20/2016
The Index reveals that despite a turbulent quarter for the global economy and capital markets see-sawing amid volatile risk asset sentiment, cross-border M&A proved surprisingly resilient.
04/20/2016
Commenting on the first quarter 2016 performance, Fahad Al Khalifa, al khaliji's Group Chief Executive Officer said: "Our performance in Q1 demonstrates the strength and resilience of our business.
04/20/2016
EFG Hermes forecast the lender would make a quarterly net profit of 35.44 million dinars