Boursa Kuwait has been the best Gulf market since the beginning of the year
In the GCC the picture was mostly positive with the exception of the Saudi market. The S&P GCC Composite Index…
Financial Results
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UAE’s four largest banks post H1 profit above $5bn
The UAE's four biggest banks reported first-half net profits rose to Dh19 billion ($5.3 billion), helped by asset growth and…
Investcorp reports full-year income up 5pc to $131m
Bahrain-based Investcorp, a leader in alternative investment products, has reported a net income of $131 million for the 12 months…
Saudi British Bank posts Q2 loss as merger-related costs increase
Saudi British Bank reported a net loss of 254 million Saudi riyals (Dh248.7m) in the second quarter of the year,…
Bank ABC Islamic H1 net profit up 21pc to $18.9m
Bank ABC Islamic has announced a first half net profit of $18.9 million, 21.1% higher than the profit of $15.6…
Sarwa Capital postsprofits in H1
Sarwa Capital Holding for Financial Investments SAE announced Tuesday, in a statement sent to EGX, the financial results for the…
NBK-Bahrain reports net profits of KD 48.283 million for H1 2019
National Bank of Kuwait-Bahrain reported net profits of BHD 60 million (equivalent to KD 48.283 million) for the first half…
Bond yields soften on account of global trade tensions amid Fed rate cuts
In 2019, global bond issuances are at $2.694tn as against $3.79tn in 2018. The Federal Republic of Germany, Republic of…
Ajman Bank Q2 2019 profit flat year-on-year
UAE’s Ajman Bank reported a rise in profit of 0.17 per cent for the three months ending June 30 compared…
CBI reports $11.16mln net profit in H1 2019
Commercial Bank International, CBI, today announced its financial results for the first half of 2019. The bank's net profit reached…
KIB achieves KD 2.34 billion net profits H1 2019
Kuwait International Bank announced Sunday that its total assets increased by KD 266 million to reach almost KD 2.34 billion,…
Ominvest profit rises 10%
Oman International Development and Investment Co (Ominvest) reported a more than 10 per cent growth in group net profit for…