Lebanon Economy to Shrink by Massive 12% This Year
The International Monetary Fund projected Tuesday that Lebanon's economy will shrink 12% in 2020 amid the country's worst economic and…
Financial Results
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How COVID-19 is Affecting the World’s Sovereign Wealth Funds
Global sovereign wealth funds have been severely impacted by the COVID-19 virus. Several sovereign wealth funds have seen a dramatic…
QNB Alahli Egypt posts net profit in Q1
Qatari National Alahli registered an annual decline in its consolidated net profit during the first quarter ended March 31st, according…
QNB posts QR3.6bn net profit in first quarter
QNB Group has posted a net profit of QR3.6bn in the three months up to March, unchanged from the March…
EFG Hermes grows revenue by 20%
EFG Hermes, a financial services corporation in Frontier Emerging Markets (FEM), has posted a strong 2019 full-year result, as its…
National Bonds’ Assets under Management Valued up to AED 7.8 billion in 2019
Despite some challenging global macro-economic conditions, National Bonds has continued to show resilience, with its assets and client size posting…
Qatar banks post 13% jump in domestic credit to QR1tn at end of February: QCB
Loans to the trading and services sectors were in the overdrive, helping Doha’s commercial banks witness more than 13% year-on-year…
Invest Bank reports 61% lower losses in 2019
The net losses of Invest Bank plunged by 61% year-on-year to AED 579 million in 2019 from AED 1.47 billion…
Egyptian banks explore multiple avenues to growth
Egypt's banks have emerged from a difficult decade with their appetite for expansion undimmed, The Banker monthly magazine reported on…
Adnoc Distribution raises dividend to Dh2.57b
Adnoc Distribution raised its dividend payout to Dh2.57 billion, an increase of 7.5 per cent over last year. This was…
National Takaful Company “Watania” Earns 13.1 Million Dirhams in Net Profit for the Year 2019.
National Takaful Company “Watania” has announced positive financial results in 2019, as the company's net profit increased to 13.1 million…
Ezdan Holding posts QR309.2mn net profit in 2019
Ezdan Holding Group has posted a net profit of QR309.2mn in 2019 compared with QR433.7mn in 2018, the company announced…