Gulf Insurance Group announces net profit of KD 16.8mln (US$ 54.7mln) for the first half of 2024
Gulf Insurance Group announced a net profit of KD 16.8 million (US$ 54.7 million), with earnings per share of 59.03…
Hedge Funds & Alternative Investments
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Federal Tax Authority collaborates with Mohammed bin Rashid Housing Establishment to further promote tax culture
The Federal Tax Authority (FTA) has signed a Memorandum of Understanding (MoU) with the Mohammed bin Rashid Housing Establishment to…
Qatar banking sector total assets rose by 1.2% MoM in June 2024 to reach $549bln
Qatar Banking Sector Total Assets rose by 1.2% MoM (1.5% in 2024) in June 2024 to reach QR1.999 trillion. …
Union Coop reports financial performance for H1 2024
Union Coop has announced its financial results for the first half of 2024, demonstrating a 5% increase in semi-annual revenues…
Tabreed’s financial results for H1 2024 show company reaping the rewards of investment
Company strengthens financial position through prudent capital allocation, including repurchasing of Sukuk and increasing cash dividends Appointment of Dr. Bakheet…
MBC Group reports 1H 2024 results
The Group delivered a near fivefold increase in net income to SAR 237.8 million in 1H 2024 driven by a…
RAK Properties delivers strong financial results in H1 2024
H1 2024 revenue increased by 19% to AED 610 million Gross profit increased by 40% to AED 228 million Profit…
The road ahead for banks in the GCC region: 7 priorities
GCC banks are currently in strong shape, and have over outperformed their global counterparts over the past several years. Yet…
Azizi Developments signs with dsgn for Burj Azizi
Azizi Developments has signed an agreement with dsgn for the design consultancy of Azizi’s second tallest tower in the world,…
Orient Insurance KSA appoints Turki Bin Mamdouh Alshahrani as new CEO
Orient Insurance, the largest listed insurer in the United Arab Emirates (UAE) and a part of Al-Futtaim Group, has appointed…
Ezdan Holding Group achieves major milestone in comprehensive digital transformation
Ezdan Holding Group announced the implementation of a qualitative leap in digital transformations aimed at enhancing operational and administrative efficiency…
Al Ansari Financial Services to acquire BFC Group for $200mn
As part of its plans to expand its presence across the region, Dubai-based Al Ansari Financial Services has agreed to…