Abu Dhabi Islamic Bank to cut jobs as it seeks to save $136m
Abu Dhabi Islamic Bank is reportedly considering axing jobs and closing branches as part of a series of cost-cutting measures…
Financial Results
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BBK Reports Q4, FY19 Profit
BBK reported a 6.4 per cent increase in its fourth-quarter net profit attributable to the owners of the bank to…
Markaz achieved EPS of 15 fils in 2019 and Board of Directors recommended dividend of 10 fils per share
Kuwait Financial Centre “Markaz” has reported a strong financial performance during the year, with Operating Revenues of KD 23.49 million…
Trade Bank of Iraq posts net profit of $556 million for 2019
Trade Bank of Iraq (TBI), established in 2003, achieved a robust growth in revenues and in key financial areas during…
UAE- Aldar 2019 net profit surges 7pc to Dh1.98b
Aldar Properties, Abu Dhabi's biggest listed developer, posted on Wednesday a seven per cent year-on-year jump in 2019 net profit…
UAE banks post record $12.6bn net profit in 2019
A total of 18 out of 19 national banks and financial companies in the UAE have announced an increase in…
18 banks, financial companies record profits of AED46.47 billion in 2019
A total of 18 out of 19 national banks and financial companies registered in Emirati financial markets declared their financial…
Ajman Bank’s net profits drop in 2019
Mubasher: The net profits of Ajman Bank plunged to AED 84.402 million in 2019 from AED 170.034 million in 2018,…
SHUAA Capital reports first post-merger preliminary FY 2019 consolidated results
SHUAA Capital has announced preliminary results for fiscal year 2019 with an EBITDA of AED 181 million and a net…
Ithmaar Holding reports profits for the year
Ithmaar Holding has announced its financial results for the year ended 31 December 2019. The announcement, by Ithmaar Holding…
Dubai's Union Properties posts net losses of $59.5m
Dubai-based Union Properties on Thursday announced AED218.8 million ($59.5 million) net losses for 2019, blaming bank financing costs and a…
Dubai Islamic Bank Full Year 2019 Group Financial Results
Net Income grew to AED 9,267 million, up 13% YoY Net Profit at AED 5.1 billion, up by 2% YoY…