Nine private banks in Egypt gain EGP 14.941bn net profits in 1H2019
Nine private banks operating in the Egyptian market gained about EGP 14.941bn net profits during the first half (H1) of…
Financial Results
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Top UAE banks report strong profit growth in first half
The four largest UAE banks, which account for nearly 70 per cent of the banking assets, reported a combined net…
Changes that have taken place inEgypt’s banking system
The changes that have taken place inEgypt’s banking system over the years since reforms were first introduced across the sector…
Bahrain Islamic Bank six-month profit down 5.56 pct
Bahrain’s oldest Islamic bank posted a drop of 5.56 per cent in profit for the first half of the year…
Damac posts Dh1.9b in H1 revenue
Damac Properties on Wednesday reported total revenues of Dh.9 billion, with booked sales reaching Dh1.8 billion in the first half…
Middle East M&A deals value surges 73% despite global slump
While the value of global merger and acquisition (M&A) activity falling by 12 percent in the first half of 2019,…
Waha Capital reports Dh124 million Q2 2019 net loss
Waha Capital PJSC on Wednesday announced its half-year financial results, showing a Dh182.2 million net loss for the first half…
Israel's Bank Hapoalim profit misses estimates as loan provision spikes
Bank Hapoalim today announced its financial results for the second quarter ended June 30, 2019. Key financial highlights: …
Damac’s Q2 profit drops 87% as revenue declines and expenses rise
Dubai's Damac Properties reported a 87 per cent slide in second-quarter net profit on the back of lower revenue and…
Network International first half revenues jumps
Network International, in which Emirates NBD now holds over 25 per cent stake after its Initial Public Offering, posted a…
Shuaa reports Dh31.6m loss in second quarter
Dubai investment bank Shuaa Capital swung to a loss in the second quarter before its recent reverse takeover by Abu…
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…