Higher provisions led to plunge in top UAE banks' Q1 profit
Top UAE banks reported declines in first quarter net profit as they made higher provisions for the challenging macroeconomic conditions—low…
Financial Results
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Shrinking interest margins hurt UAE bank profits
The UAE’s banking sector is facing challenges on its asset quality and profitability from COVID-19 and low interest rate environment,…
Saudi banks face tough few quarters but are well capitalised, say CEOs
Saudi Arabia's banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability…
Saudi banks face tough few quarters but are well capitalised, say CEOs
Saudi Arabia’s banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability…
Bahrain’s banking sector posts 1.8% growth
Bahrain’s banking sector saw positive results in 2019, with an average 1.8 per cent year-on-year real growth in 2019 and…
UAE banks’ profitability witnessed substantial deterioration in Q1: report
Leading global professional services firm Alvarez & Marsal (A&M) released its latest UAE Banking Pulse for Q1 2020 today. The…
KPMG Report Reveals New Age Banking Trends
KPMG recently released its fifth edition of the ‘GCC listed banks’ results’ report, which analyzes the published results of listed…
Bank assets in Abu Dhabi, Dubai hit $788bln in April
Gross assets of banks operating in Abu Dhabi and Dubai have risen to around AED2.897 trillion ($788 billion), by the…
Saudi Arabia PIF’s $40bn boost aimed at post-pandemic profit
The Public Investment Fund (PIF), Saudi Arabia’s ambitious sovereign wealth fund, is seeking to use the extra $40 billion it…
Turkey’s Central Boosts Short-Term FX Borrowing to a Record
The Turkish central bank brought its short-term borrowing of hard currency from local lenders to a record as it looked…
Private sector customers lead double-digit deposits growth in Qatar banks
Commercial banks in Qatar saw a substantial year-on-year growth in the private sector customers' domestic deposits, particularly personal, thus leading…
Growing appetite for Shariah-compliant banking, takaful products in Qatar: OBG
Shariah-compliant banking and takaful products see an increasing appetite in the local market, although conventional players still dominate Qatar’s banking…