Dubai wealth fund ICD posts $2.9bn profit, up 4.4%
Dubai's sovereign wealth fund on Thurday announced half-year revenues of AED106.3 billion ($28.9 billion) and a net profit of AED10.5…
Financial Results
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Despite Its High P/E Ratio, Is Abu Dhabi Commercial Bank PJSC Still Undervalued?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). …
Dubai property prices decline to 7-year low as transaction volumes approach record high
* Index price suggests that values are now less than AED 900 per square foot * 5,025 sales recorded in…
Pressure on UAE banks' profit margins to continue into Q4
Although the top 10 UAE banks (by assets) reported a combined 25.5 percent year-on-year increase in the top line during…
Consumer optimism in the GCC hits new high
A vast majority of consumers who took part in a survey in the GCC region are optimistic about their economic…
Dubai property sales reached an 11-year high in November
More than 5,000 deals were completed in the city last month, the highest monthly recording in over a decade… …
Year-end GCC Tax Report 2019
This year-end tax report for the Gulf Cooperation Council provides an overview of the most significant tax developments in the…
Emirati banks’ investments in Saudi, Egypt exceed $30bln in nine months
Investments of Emirati banks in Saudi Arabia and Egypt amounted to AED 111.3 billion ($30.3 billion) over the first nine…
Morocco’s Bank Profits Exceeded $1.1 Bn by End of September
The profits of eight main Moroccan banks reached $1.1 billion at the end of September, a 0.96 percent increase compared…
Economic reform program reflected in positive figures: Ma’it
"Egypt’s economic reform program recorded positive results that are praised by international institutions, as the budget deficit decreased from 16.5…
Lebanese central bank instructs banks to cap interest rates on deposits
Lebanon’s central bank told commercial banks on Wednesday to cap their interest rates on deposits in foreign currencies at 5%…
Saudi banks Q3 results boosted by mortgage lending
Saudi Arabia's banks reported a better-than-expected performance for third quarter of 2019 as lending picked up on the back of…