Bahrain-based Benefit posts $8.8mln net profit
Benefit, the main handler of the country’s electronic fund transfers and ATM transactions, has reported net profit of BD3,327,998 for…
Financial Results
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Al Baraka Bank South Africa net income increases by 11% to reach ZAR 73 million in 2019
Al Baraka Bank South Africa has announced recently its financial results for the year 2019. The results revealed that…
Salama Insurance achieves AED 55 million net profit in 2019
Islamic Arab Insurance Company has announced its audited financial results for the year ended 31 December 2019, reporting a net…
Kamco records 18.57% profit increase in 2019; dividends proposed
Kamco Invest achieved a net profit of KWD 3.03 million in the fiscal year 2019, compared to KWD 2.5 million…
Oil giant Saudi Aramco sees 2019 profits drop 20% to $88.2B
Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as…
UAE, Saudis reveal $40.6 bil stimulus to support economies hit by coronavirus, oil crash
The UAE and Saudi Arabia revealed $40.6 billion of stimulus packages aimed at supporting their economies hit hard by the…
Coronavirus, oil price collapse to hurt GCC banks’ profitability
A prolonged period of oil price volatility and the impact of coronavirus (Covid-19) on the regional economies will impact the…
Alpha1Estates: Makkah-Madinah Real Estate Index underperforms in 2019 as REITs gain
Whilst the Saudi market's major Tadawul All Share Index was up 7.2% in 2019, it was outperformed by the Jadwa…
Bahrain: NBK-Bahrain reports net profits of BHD 93.5 million (KD 74.9 million) for 2017, up 27% y-o-y
National Bank of Kuwait-Bahrain has reported net profits of BHD 93.5 million(KD 74.9 million) for the year 2017 compared with…
Saudi Aramco shares dive, Gulf debt markets hit as oil drops
Saudi Aramco shares fell by as much as 10% on Monday, dropping below their December listing price after Saudi Arabia…
Tunisia cuts 2020 growth forecast, seeks new IMF deal
Tunisia will seek a new loan deal with the International Monetary Fund, its prime minister said on Sunday, after slashing…
Saudi banks’ net foreign assets down 51% in January
Net foreign assets held by Saudi banks declined by 51% year-on-year (YoY) in January for the third month in a…