05/27/2015
Bahrain sovereign fund Mumtalakat 2014 net profit up 10.8%
The fund holds stakes in Bahraini companies including Aluminium Bahrain, Gulf Air and Batelco.
Wealth & Asset Management
05/26/2015
Profit tumbles at investment bank The National Investor
The investment bank was hit by a loss of Dh8m on investments carried at fair value and Dh7.3m in expenses relating to legal case involving a Dubai property project.
05/25/2015
Amlak Posts Restructuring Report on DFM
The report outlines key financial highlights from the year 2008 to date and important events throughout its restructuring process.
05/24/2015
NBK-Egypt reports EGP 126.3 million in net profits in the first quarter 2015, up 30.2% y-o-y
NBK Group has the widest banking presence in 4 continents worldwide.
05/23/2015
Egypt's National Bank records 25% Rise in 6-month Profit before Tax
Egypt's biggest state-run bank, the National Bank of Egypt reported a 25 percent growth in profit before taxation during the first six months of current fiscal year.
05/22/2015
Al Baraka Banking Group announces $69 million net profit for first quarter of 2015
The Bahrain based leading Islamic banking group, Al Baraka Banking Group BSC announced a net profit of $69 million for the first quarter of 2015, reporting an increase of 3% over the net profit of the same period of last year.
05/21/2015
Three Israeli banks report higher 1st quarter earnings
Bank Hapoalim, Israel Discount Bank and First International Bank beat analysts’ forecasts.
05/20/2015
Israel's First International Bank Q1 profit up 5 pct
First International Bank of Israel , the country's fifth-largest bank, reported a 5 percent rise in first-quarter net profit
05/19/2015
Commercial International Bank poised for multi-year earnings growth, says RenCap
Emerging and frontier markets investment bank Renaissance Capital believes Egypt’s Commercial International Bank is at the start of a significant, multi-year earnings growth cycle.
05/17/2015
Global reports KWD1.8 million net profit in Q1 2015
The Asset Management business remained resilient with KWD1.2 billion of assets under management. Several funds managed by Global outperformed their respective indices and peers.
05/17/2015
Waha Capital net profit increases 20.2 percent to AED 182.2 million in the first quarter of 2015
AerCap Holdings, Dunia Group and Capital Markets division continue to perform well Increased investment in Capital Markets business and healthcare subsidiary - Anglo Arabian Healthcare
05/16/2015
GCC tiles market seen growing at 10-12% annually until 2020
The Gulf Co-operation Council tiles market is expected to grow at a compound annual growth rate of more than 10-12% until 2020, driven by increasing demand in the residential and hospitality sectors, according to a report by Frost and Sullivan.
05/15/2015
HSBC’s Turkey unit registers TRY 32 mln loss in Q1
HSCB Bank A.S. has registered a TRY 32 million net loss in the first quarter of 2015, according to non-consolidated balance sheets
05/14/2015
Dubai finance firm boss hits back at critics
The firm has about 165,000 customers in the UAE.
05/14/2015
LMC net profit tops $1.26m
Wholesale Islamic bank Liquidity Management Centre (LMC) posted a net profit of $1.26 million in the first quarter of this year
05/14/2015
GFH posts US$ 6 m in first quarter profits
The quarter’s strong results were an outcome of the strong performances across the investment banking, commercial banking and industrial segments of the Group.
05/14/2015
UGB's Q1 profits fall to $2.1 million
United Gulf Bank has announced a net profit of $2.1 million for the first quarter of 2015, compared to $10.2 million for the first quarter of 2014.
05/14/2015
Abu Dhabi’s Aldar Q1 Net Profit Rises 36%
The state-linked builder made a profit of Dhs618 million in the three months to March 31.
05/13/2015
BisB net profit rises 23pc to $7.9m
The board has decided to set aside provisions amounting to BD1.8 million during the period, compared with BD2.7 million for the same period last year.
05/13/2015
SICO posts net profit of BD 1.4 million for first quarter of 2015.
Basic earnings per share were Bahraini fils 3.3 compared with 6.0 fils for the first quarter of 2014.