Abu Dhabi Islamic Bank to discuss raising foreign ownership limits
Abu Dhabi Islamic Bank joined the likes of Emirates NBD and First Abu Dhabi Bank in looking at increasing foreign…
Financial Results
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GFH reports 21% drop in Q3 net profit as impairment charges climb
GFH Financial Group, a Bahrain-based investment bank, reported a 21 per cent drop in its third-quarter net income as funding…
Total ‘population’ of Kuwait as of July ’19 reaches 4.82 million
The total population of Kuwait as of July 2019 reached 4.82 million – 3.40 million expatriates and 1.42 million Kuwaiti…
Ithmaar Bank continues to report increasing profits
Ithmaar Bank has announced the increased profits for the period as the Bank continues its focus on customer-centric growth. …
Abu Dhabi Islamic Bank posts 5.2% increase in quarterly profit
Abu Dhabi Islamic Bank posted a 5.2% rise in third-quarter profit compared to the same period a year earlier. …
UAE banks record total assets of USD820bn
According to official figures from the UAE Central Bank, the total assets of UAE-based conventional banks rose to about USD670…
UAE central bank says foreign assets down 0.8% in Q3
The United Arab Emirates central bank said on Sunday its foreign assets fell by 0.8% to 374.3 billion dirhams ($101.91…
Higher investment, fee income drive Abu Dhabi Islamic Bank profits higher
Abu Dhabi Islamic Bank (ADIB) reported on Sunday a 5.2 per cent increase in its net profit for the third…
UBS/PwC Billionaires Report 2019: Billionaire-controlled companies return almost twice the average market performance
Key findings: Over the 15 years to the end of 2018, billionaire-controlled companies listed on the equity market returned…
UAE banks remain stable despite subdued economy
The UAE’s banking system was given a ‘stable’ rating despite the country’s subdued economic growth, according to a recent report…
UAE's non-oil growth to accelerate to 3 per cent next year, IMF forecasts
Economic activity in the UAE, the second-biggest Arab economy, is recovering and is likely to gain momentum next year, according…
Bahrain's Al Salam Bank net profit surges 19%
Al Salam Bank-Bahrain has reported 19 per cent increase in net profit from BD4.1 million in Q3 2018 to BD4.9m…