Leumi Reports First Quarter 2020 Results
Net loss in the first quarter of 2020 totaled NIS 232 million ($65 million). The loss stems from a substantial…
Financial Results
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Bank Muscat AGM approves 35% cash dividend, 5% bonus shares
Bank Muscat held its Annual Ordinary General Meeting and an Extraordinary General Meeting of the bank’s shareholders using the electronic…
Abu Dhabi's Aldar sees steady revenues, but profits dip in Q1-2020
Abu Dhabi’s Aldar Properties recorded Dh1.76 billion in revenues for the first three months, and unchanged from last year. But…
Dubai's small businesses prep for tough Q2-20, with many expecting steep sales decline
A majority of UAE businesses – 56 per cent - are bracing for a drop in revenues by more than…
A 70% chance for global growth in 2021, says Abu Dhabi's Mubadala
The global economy is likely to recover from this year's virus-driven recession with 5 per cent growth in 2021, according…
SALAMA announces AED 13.65 million profit for Q1 2020
Islamic Arab Insurance Company (“SALAMA”) has announced its reviewed financial results for the quarter ending March 31, 2020, reporting a…
Qatar banks’ net profit growth averages 5.5% in 2019: KPMG
Qatar’s banking sector saw “positive” results in 2019, with an average 5.5% growth in net profit, which is attributable to…
Saudi banks maintained sound financial metrics in 2019, but under pressure – Fitch
Saudi banks maintained sound financial metrics in 2019 but witnessed a mild deterioration across most core metrics in a more…
ICD net profit jumps 16.9% to $6.81bn in 2019
Investment Corporation of Dubai (ICD) today announced its consolidated financial results for the year ended December 31, 2019 having achieved…
Abu Dhabi issues more bonds in the international market to raise cash
Abu Dhabi raised more money from international debt markets just weeks after a $7 billion bond sale as it takes…
CI Capital Holding's profit falls 17% in Q1-20
The consolidated financial statements of CI Capital Holding For Financial Investments showed a 17% year-on-year (YoY) drop in its net…
National Bank of Oman Ends 2019 With Solid Financial Results
National Bank of Oman held its Annual General Meeting and Extra Ordinary General meeting this week. Conducted online following…