QCB key policy rate gone up 100 basis points in 2018 following Fed hike
The Qatar Central Bank had increased its key policy rate by 100 basis points (bps), or one percentage point, in…
Financial Results
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Investment in adviser fintech lowest since early 2018
Deals and funding into wealth management technology dipped in the second quarter of 2019, according to the latest Global Fintech…
Five Saudi companies post $3.11bln profit in Q2-19
A handful of Tadawul-listed companies have recorded over a billion riyals in profits during the second quarter of 2019. …
GFH posts $49mln first half net profit
GFH Financial Group (GFH) today said its net profit attributable to shareholders for the first half of 2019 was $49.1…
SAIB swings to losses in Q2
Saudi Investment Bank (SAIB) disclosed its interim financial results for the second quarter of 2019. The bank swung to…
Kuwait’s current account surplus rises in Q1-19
Kuwait’s current account surplus increased to around KWD 2 billion during the first quarter of 2019, compared to KWD 1.8…
Investcorp annual net profit up 5%, cuts private equity co-investments
Bahrain-based Investcorp said on Wednesday its net profit rose 5% in its latest financial year, helped by higher fee income,…
UAE’s 18 national banks post $6.6bn in H1 profit
The combined net profits of 18 national banks listed on the country’s financial markets rose to Dh24.5 billion ($6.6 billion)…
Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, report half-year profits
Ithmaar Holding B.S.C. and its wholly-owned subsidiary, Ithmaar Bank B.S.C. (closed), each announced their financial results for the first half…
EFG Hermes records another quarter of strong top and bottom line growth in 2Q 2019
EFG Hermes has reported solid results for second quarter of 2019[2]. The Group recorded a net profit after tax…
Aldar Properties Q2 profit up 7%, says Abu Dhabi sentiment up
Aldar Properties , the largest property developer in Abu Dhabi, on Thursday reported a 7% rise in second-quarter profit year…
Egypt’s headline inflation slows to a four-year low of 8.7% in July
Egypt’s annual urban consumer price inflation decreased to 8.7 percent in July from 9.4 percent in June, official statistics agency…