Dubai’s CBD reports 20.5% profit increase on higher revenue
Commercial Bank of Dubai reported a 20.5 per cent increase in its full-year net profit for 2019 on the back…
Financial Results
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Bank AlJazira profits up 162% in 2019
Bank AlJazira reported an increase in net profit by 161.96% last year, as shown by its annual financial results for…
RAKBank 2019 net profit at Dh1.09b
The National Bank of Ras Al-Khaimah had consolidated net profits of Dh1.09 billion in 2019, up 19.4 per cent (or…
Mashreq reports slight improvement in full-year 2019 net income
Mashreq Bank, the Dubai lender controlled by the Al Ghurair family, reported a slight improvement in its full-year 2019 net…
Dubai Investments' full-year profit edges up on higher operating income
Dubai Investments, a diversified company in which sovereign wealth fund Investment Corporation of Dubai holds a stake, reported a 1…
Bank Muscat board proposes 40% dividend for 2019
The Board of Directors of Bank Muscat, the flagship financial services provider in the Sultanate, has approved the unaudited results…
Arab Bank Group reports a 3.2 per cent increase in 2019 net profits
Jordan’s Arab Bank Group has reported a 3.2 per cent increase in its full-year net profit owing to higher revenues…
Saudi private sector credit continues uptrend
Credit to Saudi Arabia’s private sector rose 7.6 per cent year-on-year (y-o-y) in December 2019, which is the highest growth…
Commercial Bank posts 21% year-on-year jump in net profit to QR2.02bn
The Commercial Bank Group has reported a 21% year-on-year jump in net profit to QR2.02bn in 2019 and suggested a…
Saudi Arabia’s direct investment in Egypt records $69.3M in Q1 of 2019/20
Saudi Arabia’s direct investment in Egypt dropped 43.3 percent during the first quarter (Q1) of fiscal year 2019/2020, recording $69.3…
UPDATE 1-Saudi lender NCB reports 18.8% rise in 2019 net profit
Saudi Arabia’s National Commercial Bank, saw a 13.2% rise in fourth-quarter net profit, according to Reuters calculations, helped by increased…
UAE’s biggest bank records Dh12.5b profit
First Abu Dhabi Bank (FAB) reported on Tuesday an increase in its net profit for 2019 by nearly 4 per…