03/11/2015
Dubai's Amlak posts 2014 profit rise on debt restructuring
Dubai-based Islamic mortgage lender Amlak Finance posted a 22 percent rise in attributable net profit for 2014
Wealth & Asset Management
03/10/2015
HSBC in Last Place Puts Focus on Foreign Banks in Turkey
The figures cover all lenders except for the four that operate by Islamic principles.
03/10/2015
Bank Albilad grows rapidly with 117 network of branches
The CEO of Bank Albilad noted the increase in the number of clients, the rapidly increasing size of clients’ deposits which amounted to over SR36 billion at the end of the 4th quarter of 2014
03/10/2015
Gulf Bank moving toward a new path after completing its recovery
Gulf Bank today held its Annual General Meeting and Extraordinary General Meeting at the Jumeirah Hotel, Kuwait and approved the company’s audited financial results for the year ended 31 December 2014.
03/10/2015
Israel's Bank Hapoalim profit dips on provision for U.S. tax probe
Hapoalim on Tuesday posted fourth-quarter net profit of 478 million shekels ($119 million), compared with 633 million a year earlier and below expectations of 615 million in a Reuters poll.
03/10/2015
Oman’s Bank Dhofar Cuts Proposed Cash Dividend On Central Bank Advice
The bank did not explain the reasoning behind the recommendation
03/09/2015
Gulf Bank moving towards a new path after completing its recovery
Gulf Bank today held its Annual General Meeting and Extraordinary General Meeting at the Jumeirah Hotel, Kuwait and approved the company's audited financial results for the year ended 31 December 2014.
03/09/2015
KAMCO Records KD 1.96m Profit
AUM Growth At 23% In 2014
03/09/2015
Israel Discount Bank profit down on one-off items
Israel Discount Bank reported a sharp drop in fourth-quarter profit due to non-recurring items, in line with last month's profit warning, but underlying fundamentals were strong.
03/08/2015
Bahrain Ithmaar Bank reports net loss for 2014
Ithmaar Bank, Bahrain’s Ministry of Housing, Eskan Bank signed partnership agreement.
03/07/2015
NBK posts net profits of KD 261.8 mln in 2014
The General Assembly endorsed the recommendation of NBK's Board of Directors to distribute a cash dividend equivalent to 30 percent of the nominal value of the share (30 fils per share) and bonus shares by 5 percent (5 shares for every 100 shares) to
03/06/2015
EFG Hermes: How patience turns to profit
Struggling against the backdrop of Egypt’s political turmoil, EFG-Hermes underwent a series of cutbacks and job cuts in 2013
03/04/2015
Triple threat weighs on Middle East earnings for Standard Chartered
The overall group posted a 30 per cent drop in full year proft.
03/02/2015
Strong provisioning and recoveries to boost CBD profits
Commercial Bank of Dubai to launch a high networth offering this year
03/02/2015
Blominvest Saudi Arabia net profit surges 16%
Al Rashoud noted that the value of company projects had increased to over SR7 billion in 2014 from nearly SR3 billion in 2013.
03/02/2015
NBK-Bahrain reports net profits of USD 145 million for 2014, up 27% y-o-y
NBK -Bahrain's solid performance affirms the success of the Group's regional expansion strategy
03/02/2015
Turkish banks' January net profit 2.15 bln lira - banking watchdog
The sector's total profit was 24.66 billion lira in 2014.
03/01/2015
ABC group net profit rises 7pc
It announced yesterday that net profit for the fourth quarter last year was $59m as against $61m reported in the previous year.
03/01/2015
UGB records income for 2014 of $169.1 million
United Gulf Bank B.S.C. (UGB), today announced its financial results for 2014. Net profit attributable to shareholders of the parent was $18.8 million (2013: $2.6 million), whilst net consolidated profit of $1.8 million (net profit 2013: $4.2 million).
03/01/2015
BLOMINVEST Saudi Arabia net profit surges 16%
He also disclosed that in the course of the current year, the company is scheduled to establish five new investment funds with a total value of more than SR3 billion.