Saxo Bank reports 35% growth: Strong performance highlights H1 2024 results
During 2024, the Saxo Bank Group rolled out a new competitive pricing structure that lowers costs for clients as well…
Financial Results
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Saudi central bank reports strong growth in reserve assets, reaching $467.4 billion in Q2 2024
The Saudi Central Bank (SAMA) saw a significant boost in its reserve assets during the first half of 2024. By…
QIC Group reports net profits of QR360m in H1 2024
Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East and North Africa (MENA) region,…
EG Bank’s consolidated profits jump 93% YoY in H1 2024
Egyptian Gulf Bank (EG Bank) posted a 92.9% year-on-year (YoY) leap in consolidated net profits after tax and non-controlling interest…
QSE announces results of MSCI Quarterly Index Review
Qatar Stock Exchange (QSE) announced yesterday the results of the August 2024 Index Review for the MSCI Equity Indexes. …
Gulf Insurance Group announces net profit of KD 16.8mln (US$ 54.7mln) for the first half of 2024
Gulf Insurance Group announced a net profit of KD 16.8 million (US$ 54.7 million), with earnings per share of 59.03…
Egypt's net foreign assets positive for second month
Egypt's net foreign assets (NFAs) stayed positive for a second straight month in June having been deeply negative for more…
UAE banks' gross assets jump 10.8% in May
UAE banks’ gross assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287…
Gross banks’ assets saw $113.8bln YoY increase in May 2024: CBUAE
Gross banks’ assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287 trillion,…
Saudi Arabia’s SABIC reports 84% surge in net profit to $564m
Petrochemical giant Saudi Basic Industries Corp. saw an 84 percent year-on-year surge in net profit to SR2.18 billion ($564 million)…
Saudi Arabia’s foreign assets rise 5.5 percent to $467.5 billion in June 2024
Saudi Arabia’s foreign reserve assets increased by 5.5 percent in June 2024, reaching SAR1.754 trillion ($467.5 billion). This compares to…
Arab Bank Group's H1 profit surges 25% to $503mln
Arab Bank Group has delivered a solid performance for the first half of 2024, with 25% increase in its net…