Dubai carrier Emirates airline reports rise in annual profit
Emirates, one of the world’s biggest long-haul airlines, reported a 21 percent rise in full-year profit on Sunday, but warned…
Financial Results
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GCC banks face 'earnings shock' from lower oil price, Covid-19
GCC banks will see significantly reduced revenue and credit growth in 2020 as they face an earnings shock from the…
ADIB net profit of AED 269.7 million in q1 2020
ADIB has reported a net profit of AED 269.7 million in the first quarter of 2020. Despite the challenging operating…
Fitch Places Gulf International Bank B.S.C.'s Viability Rating on Rating Watch Negative
Fitch Ratings has placed Gulf International Bank B.S.C.'s (GIB) Viability Rating (VR) on Rating Watch Negative (RWN). All other ratings…
QFB reports 7% increase in income to QR34.2m in Q1
Qatar First Bank (QFB) has reported a profit of QR12.3m for the first quarter of this year (Q1, 2020) attributable…
Results Review : Commercial International Bank 1Q20
Bottom line down on surge in COR and hefty tax margin; solid NII remains a key positive Commercial International…
Qalaa Holdings moves to losses in 2019
Qalaa Holdings announced turning to losses during 2019, the consolidated financial statements showed. The company incurred net losses of…
SABIC cuts capital expenditure after Q1 losses
Saudi Basic Industries Corporation suspended most of its capital expenditure after recording losses of SR950 million ($203.9 million) in the…
Turkey's banks combined net profit rises to 15.79 bln lira (2.05 bln euro) in March
The net profit of Turkey's banking sector rose by 26.5% year-on-year to 15.79 billion lira ($2.24 billion/2.05 billion euro) in…
RAKBank reports Dh153.5m first quarter 2020 net profit
The National Bank of Ras Al-Khaimah on Sunday reported a consolidated net profit of Dh153.5 million for the first quarter…
GCC bank credit profiles to weaken despite massive economic stimulus
The credit profiles of GCC banks are set to weaken due to the coronavirus pandemic and lower oil prices despite…
Gold demand rises as investor buying spree offsets jewellery plunge- GFMS
Global gold demand rose in the first quarter as a surge in investment as the coronavirus outbreak convulsed global markets…