QNB Group: Financial results for the six months ended 30 June 2019
QNB has announced its results for the six months ended 30 June 2019. For the six months ended…
Financial Results
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Low provisioning costs raises banking outlook for Kuwait and Egypt
The aggregate earnings of banks in the Middle East and North Africa in the second quarter is expected to grow…
Turkish Currency Falls After Erdogan Fires Central Bank Head
The Turkish currency took a hit on Monday as markets reacted for the first time since President Recep Tayyip Erdogan…
QCB's foreign exchange reserves rise to $52.7bn in May: QNB
Qatar Central Bank’s foreign exchange reserves have risen to $52.7bn in May, QNB said in its latest ‘Qatar Monthly Monitor’.…
UAE banking system remains sound
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Bank of Sharjah sees 38% decline in first quarter profits
Bank of Sharjah reported on Sunday a 38 per cent year-on-year decline in its net profit for the first quarter…
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2019 has been 'a pretty good year', says StanChart MENA CEO
2019 has been “a pretty good year” for the UAE economy, according to the regional CEO of Standard Chartered, helping…
Kuwaiti banks forecast for 9.6 percent profit jump
Profits of ten listed banks in Kuwait are forecast for a 9.6 percent boost from January to June 2019, from…
Egypt's Current Account Deficit Widens to $7.6 Bln in First Nine Months of FY 18-19
Egypt’s current account deficit widened to $7.6 billion in the first nine months of the 2018/19 fiscal year from $5.47…
ETF Asset Report of Second-Quarter 2019
The markets were mostly upbeat in the second quarter of 2019, thanks to a dovish Fed. However, global stocks…
Most Gulf markets reverse course, Kuwait extends gains on MSCI upgrade
Most major Middle East markets clawed back earlier losses on Wednesday largely on back of their financial stocks, while Kuwait…