Dubai, Saudi lead Gulf markets higher after Eid holiday break
Gulf markets rose early on Sunday, resuming trade after holidays most of last week to celebrate the end of the…
Financial Results
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Implementation of tax transparency initiative delivering concrete and impressive results
International efforts to improve transparency via automatic exchange of information on financial accounts are improving tax compliance and delivering concrete…
Saudi Arabia’s central bank warns global slowdown may hit growth
Saudi Arabia’s economy is expected to pick up in 2019 but a global economic slowdown and its potential impact on…
Bahrain’s Mumtalakat grows revenues and assets in 2018
Mumtalakat, the sovereign wealth fund of Bahrain, recorded a 38 per cent increase in revenues for 2018, following the 2017…
UAE tops in bank assets in GCC at $682bln
The UAE continues to boast the biggest share of total listed bank assets in the GCC at $682 billion or…
UAE central bank more pessimistic on 2019 than IMF
Economic growth in OPEC’s third-biggest producer this year will fall far short of previous estimates and could undershoot the latest…
Moody’s changes Bahrain’s banking outlook to stable from negative on stronger government finances
Moody’s changes Bahrain’s banking outlook to stable from negative on stronger government finances slightly higher economic growth and stronger government…
DFM-listed banks' profit surged 17% to $1.5bn in Q1
DFM-listed banks' profit surged 17 percent to AED5.51bn ($1.5bn) in Q1 against AED4.69 bn in the corresponding period year before,…
GCC corporate earnings fall 5 in Q1
Total earnings for the GCC-listed companies decreased 4.7 per cent in the first quarter of 2019 to US$17bn from US$17.9bn…
Global Islamic Financing Market 2019 Al Rajhi Bank, Abu Dhabi Islamic Bank, Al Baraka Banking, Dubai Islamic Bank
The “Islamic Financing Market” report contains wide-extending factual assessment for Islamic Financing, which enables the customer to separate the future…
Abu Dhabi banks report robust profits in Q1
Most of the banks listed on the Abu Dhabi Securities Exchange have posted solid profits for the three-month period ended…
Invest Bank shareholders approve continuation of lender despite losses
The shareholders of Sharjah’s Invest Bank approved the continuation of the commercial lender despite its losses amounting to half of…