UAE economy grows by 2.2pc in Q1
UAE’s non-oil sector grew 1.6 per cent on year during the first quarter (Q1) of the year, with economic growth…
Financial Results
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Saudi Arabia falls for a fourth day on Gulf concerns
Saudi Arabia's stock market dropped for a fourth straight day on Monday as geopolitical concerns in the Gulf region weighed.…
Commercial banks’ total assets grow 6% to QR1.43tn at end-May: QCB
Total assets of commercial banks in Qatar registered about 6% year-on-year increase to QR1.43tn at the end of May this…
Saudi banking sector net profit up 11.3pc in 2018
Saudi Arabia's banking sector saw positive results in 2018, with an average 11.3 percent growth in net profit, and 2.1…
Bank of Sharjah reports 51% drop in profits for 2018
Bank of Sharjah revised on Sunday its earnings figures for 2018, reporting a 51 per cent year-on-year drop in its…
Turkish central bank holds rates, shifts its focus to ‘disinflation’
Turkey’s central bank yesterday held its key interest rate steady at 24%, appearing to pave the way for a rate…
FDI inflows to Bahrain rise 6% to $1.5bln
Inflows of foreign direct investment to Bahrain rose six per cent in 2018 to $1.515 billion taking a 4pc share…
All major Gulf markets perform strongly
All major Gulf markets performed strongly on Monday after last week's holidays as a global rally lifted regional sentiment, with…
Saudi-GCC trade surges 20% YoY in Q1
The trading exchange between Saudi Arabia and the UAE, Bahrain, Kuwait, and Oman declined by 19.11% year-on-year during the first…
KAMCO: Kuwait Education Fund achieves 56% returns on investments
KAMCO has announced that Kuwait Education Fund a private equity fund aimed at supporting and developing education in the private…
Saudi Lead Markets Higher
All major Gulf markets performed strongly yesterday after last week’s holidays as a global rally lifted regional sentiment, with Saudi…
UAE gold prices soar by nearly Dh8 per gram in over a week
Consumers in the UAE who haven’t been buying gold for a while are in for a shock: prices have reached…