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.
Wealth & Asset Management
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 $7.9m
The board has decided to set aside provisions amounting to BD1.8 million during the period, compared with BD2.7 million for the same period last year.
05/13/2015
SICO posts net profit of BD 1.4 million for first quarter of 2015.
Basic earnings per share were Bahraini fils 3.3 compared with 6.0 fils for the first quarter of 2014.
05/13/2015
UGB announces results for the first quarter of 2015
United Gulf Bank B.S.C. has announced a net profit attributable to shareholders of parent of US$ 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
Markaz announces profits of KWD 1.3 for Q1 2015
In this context, Kuwait Stock Exchange declined by 6.7 per cent during March 2015 ending the first quarter with a decline of 2.7 per cent.
05/13/2015
Profits '?' Us
Following years of low profitability Lebanese banks are making money again by expanding their reach abroad.
05/12/2015
Alubaf registers net profit of $10.86m
This decline is mainly due to decrease in fee and commission income and loss on trading portfolio.
05/12/2015
Bahrain's Ahli United Bank Q1 net profit rises 7.8 pct
May 12 Ahli United Bank , Bahrain's largest lender, posted a 7.8 percent increase in its first-quarter net profit
05/11/2015
Al Baraka Banking Group net profit hits $69m in Q1
The bank made a net profit attributable to equity holders of $40 million in the three months ending March 31, it said. .
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.