NBK reports 2019 net profit of KD 401.3
NBK reports 2019 net profit of KD 401.3 million, increasing 8.2% Y-o-Y - Total assets at KD 29.3 billion…
Financial Results
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Boubyan Bank's profits in 2019
Boubyan Bank had reported net profit of KD 62.7 million in 2019, at a growth rate of 12% compared to…
National Bank of Bahrain set to own 78.8% of Bahrain Islamic, both banks to operate independently
Bahrain Islamic Bank will operate as a subsidiary of National Bank of Bahrain after the country’s biggest lender takes over…
Saudi Arabia sees biggest rise in FDI in 10 years
Foreign direct investment to Saudi Arabia rose 10% from $3.18 billion in the first nine months of 2018 to $3.50bn…
Fundraising on Mena equity markets hit all-time high in 2019
The amount of money raised by Middle East firms on equity markets increased almost five-fold last year to the highest…
Ahlibank posts QR675.2mn net profit in 2019
Ahlibank has posted a net profit of QR675.2mn in 2019, up 1.5% on the year before. The bank’s balance sheet…
Customer deposits to total liabilities ratio of 8 listed Qatari banks grows in nine months of 2019: PwC
The customer deposits to total liabilities ratio of the eight listed commercial banks in Qatar grew over the nine months…
Foreign investments in UAE stock markets rise to five-year high
Net investments of non-Arab foreign investors in the UAE’s financial markets rose to AED12.5 billion ($3.4 billion) in 2019, the…
Lower property prices, interest rates drives UAE mortgage market growth
Current lower property prices combined with favourable interest rates are driving up mortgage enquiries across the UAE, according to new…
Saudi, U.A.E. Banks to See Jump in Loan Demand as Profit Lags
While banks in Saudi Arabia and the United Arab Emirates can look forward to burgeoning loan growth in 2020, higher…
Saudi Q4 earnings outlook for equities, petrochem, banks and F&B
Financial earnings of Saudi Arabia’s listed companies are expected to be mixed with large cap stocks expected to lead the…
Sukuk market to continue expanding in 2020, S&P Global
S&P Global expects Sukuk market’s strong performance to continue in 2020 owing to robust global liquidity, a new fintech proposition…