NBK reports 10.9% increase in net profit
The National Bank of Kuwait has announced its financial results for the 9-month period ended 30 September 2019. NBK reported…
Financial Results
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Boubyan Bank posts net profits of KD 45m for period ended 30 Sept
Boubyan Bank has announced net profits of KD 45 million for the period ended 30 September 2019, at a growth…
Global Islamic Financing Market 2019: Abu Dhabi Islamic Bank, Al Baraka Banking and Al Rajhi Bank
Global Islamic Financing Market 2019 is a complete research study which portrays the present Islamic Financing industry situations. Our…
HSBC forecasts economic slowdown in Q4, rules out recession
HSBC Private Banking in its Investment outlook forecasts a global economic slowdown in the fourth quarter of 2019 but rules…
Saudi Arabia lures $234bln FDI in Q2 2019
Foreign investments in Saudi Arabia grew by SAR 165.73 billion ($44.19 billion), or 10.9%, year-on-year, during the second quarter of…
Assets under management at Abu Dhabi Global Market hit $25bln: Chairman
The assets under management at Abu Dhabi Global Market the international financial centre at the UAE capital, has grown significantly…
Capital investments jump 72% in H1, says QFC chief
Confidence in Qatar’s economy remains strong despite the economic blockade imposed on the country in June 2017 as capital investments…
11% rise in foreign investment in Qatar
Qatar’s foreign investments stood at 758.6 billion riyals ($209.6 billion) at the end of the second quarter of 2019, a…
Dubai attracts Dhs46.6b in FDIs during H1 2019
The Emirate of Dubai has witnessed exceptional growth during the first half of 2019, with foreign direct investments, FDIs, reaching…
Lower loan yields to hurt UAE banks’ profitability from Q3
Two rounds of interest rate cuts combined with slow loan growth is expected to reflect on the interest rate margins…
SAMA delivers positive assessment of the Saudi Arabia’s economy
The Saudi Arabian Monetary Authority has published its 55th annual report which reviews the economic and financial developments in the…
Saudi oil struck, Fed cuts rates and China slows
The Noise In a widely expected move, the US Federal Reserve voted to cut interest rates for the second time…