03/22/2016
KFH Group Chairman presents 2015 Annual Report – Bank continues to manage risks efficiently and make required provisions
This increase comes on the back of an increase in net financing income which reached KD 393 million
Wealth & Asset Management
03/20/2016
Kuwait's Burgan Bank Q4 net profit rises 31 pct
An analyst at HSBC forecast the Kuwaiti lender would make a quarterly net profit of 18 million dinars.
03/17/2016
National Bank Of Abu dhabi Bows To Pressure with Dividend Hike
The UAE central bank has already flagged concerns about dividend payments and safeguarding bank liquidity, telling lenders they would need to get payouts approved.
03/15/2016
Mixed fortunes on UAE bourses
The Dubai Financial Market General Index shed 1.4 per cent to 3,350.85, its sharpest fall in more than a week, as investors booked gains.
03/15/2016
Gulf salaries on track for weakest rise in a decade
In Saudi Arabia, the average salary is expected to increase by 5.9 per cent, the highest in the region, marginally beating the inflation rate of 4.7 per cent this year, the study noted.
03/09/2016
OAB announce financial results for 2015
The Bank registered strong income and balance sheet growth in 2015 while strategic investments were made to upgrade the Bank’s infrastructure and build sustainable business momentum.
03/08/2016
Al Masraf profits increase by 11 per cent to AED 405 million in 2015
The Arab Bank for Investment and Foreign Trade (Al Masraf) recorded a net profit of AED 405 million in 2015—reflecting a growth of 11 per cent as compared to the AED 366 million profit it posted in 2014.
03/07/2016
AUB acquires 40 percent shares of MEFIC Capital
It has business operations spread out across seven different countries.
03/07/2016
FGB announces 100% cash dividend for 2015 at Annual General Meeting
This reflects our recommendation to distribute 100% cash dividends.
03/07/2016
UAE's First Gulf Bank says profit can grow 6 pct this year
Net interest margins will improve this year with liquidity conditions
03/04/2016
Emirates NBD Egypt PMI
Average tariffs also rose for the first time in six months, albeit only marginally.
03/01/2016
QInvest Doubles Shareholders’ Dividends
The bank has previously announced the conclusion of a 5-year US$200 million Murabaha facility with a syndicate made-up of local and international investment banks
02/29/2016
Profit repatriation impedes acquisition deals in local market
CBE failed to resolve repatriation problems, which hindered flow of foreign direct investment, say Experts
02/29/2016
Gulf International Bank b.s.c. announces a 5.6 per cent increase in full year profit to $90.4 million
This growth principally reflected increases in both the loan volume and loan margins, as the Bank continues to successfully re-orientate its lending activities from transactional-based long-term project and structured finance to relationship-based large a
02/29/2016
UGB announces results for 2015
UGB 's Board of Directors will not be recommending any dividends for 2015.
02/29/2016
UAE bank UNB expects limited profit and loan growth in 2016 - CEO
The impact of lower growth has already started to feed through into the earnings of some UAE banks.
02/25/2016
Qatar banks' loan book grows as deposits shrink
On the other hand, deposits receded by 1.4 percent MoM, QNB Financial Services monthly banking sector update noted yesterday.
02/24/2016
Qatar's Masraf Al Rayan sees 8-10 pct profit growth in 2016 - chairman
Masraf Al Rayan reported last month a 3.6 percent rise in full-year net profit in 2015 to 2.07 billion riyals, although its fourth-quarter earnings dipped slightly according to Reuters calculations.
02/23/2016
BisB reports $29m net profit, up 20pc
The hank has registered net profit of BD2.6 million in the last quarter of the year, as compared to net profit equal to BD2.7 million for the same period last year, a decrease of four per cent
02/23/2016
Ahli United Bank posts 11.1 pct rise in Q4 net profit
The bank's 2015 profit was $537.2 million. This compares with 2014's profit of $482.5 million.