EG Bank logs profit in H1
Egyptian Gulf Bank reported a 6% year-on-year profit growth during the first half of 2019. The lender’s profit after…
Financial Results
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UAE medical tourism worth USD 3.2 billion in 2018
Medical tourism sales in the UAE increased 5.5% year-over-year to reach AED 12.1 billion (USD 3.2 billion) in 2018 with…
Qatar banks’ overseas private deposits post double-digit jump in July
Qatar’s commercial banks’ overseas customer deposits were seen outpacing total deposits generation year-on-year in July 2019, according to the central…
GCC Debt Issuance Climbs to Record High This Year
Debt issuance by the GCC countries surged to a record US$40bn in the second quarter of 2019, dominated by the…
Qatar non-oil activity buoyed by government investment: NBK
The country’s growth is expected to accelerate to 2.6% this year from 1.6% in 2018, Kuwait-based banking major NBK said…
Banks globally are cashing in. How are GCC’s private sector banks doing?
GCC sovereigns and private banks are feeling the effects of wavering oil prices and trade tensions. Can they keep growing?…
Al Baraka Bank Egypt's net profit grew 31% in the first half of 2019
Al Baraka Bank Egypt continued its growth and progress in all its activities and continued to achieve outstanding financial results,…
Profits of 157 Kuwaiti listed firms grow 6% in Q2 2019
The overall profits of 157 Kuwaiti companies listed on Boursa Kuwait rose by 5.7% year-on-year during the second quarter of…
Arabian Gulf debt issuance hits new record in second quarter
The amount of debt issued in the Arabian Gulf by governments and corporations in the second quarter of 2019 hit…
Robust private sector credit offtake boosts Qatar bank assets
A robust double-digit growth in credit to the private sector has outpaced total loan expansion within Qatar's commercial banks at…
UAE's Finablr reports 9.1% jump in first-half adjusted income
Finablr, a UAE holding company for brands including Travelex, UAE Exchange and Xpress Money, reported a 9.1 per cent year-on-year…
Bank Hapoalim Opts for Wolters Kluwer's OneSumX Software for Measuring Counterparty Credit Risk
Bank Hapoalim specifically using the software for managing its credit risk profile. The bank will now utilize Wolters Kluwer’s…