KFH 2019 net profit up 10.4pc to $824m
Kuwait Finance House (KFH), a leading financial institution in the region, has recorded a net profit of KD251 million ($824…
Financial Results
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Empower annual profit up 8.3% to $237million
Empower reported a net profit of $237million in 2019, up 8.3% on the previous year. The company also posted…
ADCB posts Dh5.2b earnings for 2019
Abu Dhabi Commercial Bank on Monday said its net profit hit Dh5.244 billion last year with double-digit annualised return on…
Emirates NBD Announces Full Year 2019 Results
Net Profit up 44% y-o-y to AED 14.5 billion Total Assets up 37% y-o-y to AED 683 billion Emirates NBD,…
Higher impairment charges hit UAE banks Emirates NBD and ADCB
Dubai's biggest lender Emirates NBD reported a 15% drop in fourth-quarter earnings on Monday, below analysts' forecasts, on a jump…
Qatar commercial banks’ assets jump 9% in 2019
A robust double-digit growth in domestic assets, especially owing to strong private sector credit, helped Doha's commercial banks’ total asset…
Australia's CIMIC expects to take $1.8bn hit on Middle East exit
Australian contracting group Cimic is exiting the Middle East, a move which it says, could result in an A$1.8 billion…
Egyptian FRA approves CIB’s capital hike
Egypt’s Financial Regulatory Authority (FRA) has approved Commercial International Bank’s (CIB) capital increase, according to a bourse statement released on…
Egypt's economic outlook improves in 2020-Reuters Poll
Egypt’s economy is likely to grow 5.8% in the current fiscal year ending on June 30, and 5.9% in 2020/21,…
Qatar- Banks' assets and liabilities jump to QR1,549.6bn
Bashir Al Kahlout (Economic Consultant and Director at Al Byraq Center for Economic and Financial Studies) QCB data released…
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…
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…