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.

05/14/2015

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.

05/13/2015

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

UGB announces results for the first quarter of 2015

United Gulf Bank B.S.C. has announced a net profit attributable to shareholders of parent of US$ 2.1 million for the first quarter of 2015 compared to US$ 10.2 million in the first three months of 2014.

05/13/2015

Profits '?' Us

Following years of low profitability Lebanese banks are making money again by expanding their reach abroad.

05/10/2015

Bank Albilad expects 20 profit growth in 2015

Saudi Arabia's Bank Albilad is targeting 20 percent earnings growth in 2015 and double-digit profit increases in coming years as it expands lending in both the retail and corporate sectors its chief executive told Reuters.

05/10/2015

Ithmaar Bank reports profit for the First Quarter of 2015

The announcement, by Ithmaar Bank Chairman His Royal Highness Prince Amr Al Faisal, follows the review and approval, by the Board of Directors, of the Bank's consolidated financial results for the three-month period ended 31 March 2015.

05/10/2015

Shuaa Capital swings to net loss in Q1

SHUAA Capital has reported revenues of AED 44.0 million and a net loss of AED 1.6 million for the first quarter of 2015 compared with revenues of AED 64.2 million and a net profit of AED 8.2 million in the first quarter of 2014.