ICD reports Dh25 billion net profit, up 16.9% in 2019
Investment Corporation of Dubai, the principal investment arm of the Government of Dubai, on Wednesday reported a net profit of…
Financial Results
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ABK Egypt's profit grows 22% in Q1-20
Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) reported a 22% year-on-year (YoY) growth in its net profits to EGP…
Turkey’s public banks increase profit by 111% in Q1
Turkey’s public banks, which have kept their credit channels open in a bid to ease the economic burden the coronavirus…
QR75bn stimulus key to ensure sustainability of businesses: Seetharaman
Qatar’s QR75bn financial and economic incentives programme is “very important and plays a key role in sustainability of businesses and…
SABB reports 7.6% drop in Q1 profit at $272m
The Saudi British Bank recorded a net profit after zakat and income tax of SR1,022 million ($272 million) for the…
Saudi’s NCB posts 2% rise in first-quarter profit even as impairments surge 173%
Saudi Arabia’s National Commercial Bank posted a 2.1% rise in profit for the first three months of the year to…
Saudi NCB, Samba post profits, diverge on provisions
National Commercial Bank, Saudi Arabia's biggest lender, on Sunday posted a 2.1% rise in quarterly profit despite higher provisions while…
Emirates Post records 45% increase in last-mile delivery volumes in UAE
Emirates Post has registered a 45% growth in last mile delivery volumes since the beginning of 2020 compared to Q4…
Dubai registered record property sales in Q1 2020
Dubai’s real estate sector witnessed the best first quarter in 2020 in the past six years until COVID-19 challenges began…
Al Rajhi Bank first-quarter profit slides on higher operating expenses and impairment charges
Al Rajhi Bank, the biggest lender in Saudi Arabia by market capitalisation, reported a 7 per cent drop in its…
Central Bank of Kuwait reports BoP surplus of KD 821.2 mln. in '19
The Central Bank of Kuwait said Monday the balance of payments (BoP) registered a surplus of KD 821.2 million (nearly…
Emirates Investment records losses in Q1-20
Emirates Investment Bank incurred net losses of AED 6.07 million during the first quarter of 2020, against net profits of…