Bank ABC Islamic announces 16.8% increase in first quarter net profit
Bank ABC Islamic has announced its results for the first quarter of 2019: Business Performance Net profit for…
Financial Results
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UAE's Amanat says Q1 net profit rises by 43%
Amanat Holdings, the GCC’s largest healthcare and education investment company, has announced a first quarter net profit of AED20.7 million,…
Bahrain's Al Baraka Group Q1 profit falls as income from units drop
Al Baraka Banking Group has reported a 28 per cent fall in the first-quarter net profit as income from some…
Green bonds rose 40 per cent in the first quarter backed by corporate issuance
Green bond issuance rose 40 per cent to $47.2 billion globally in the first quarter of 2019 backed by strong…
Emirates reports 69% profit drop as high oil prices, strong dollar hit earnings
Dubai-based Emirates airline reported a 69 per cent drop in full-year profit on Thursday, blaming higher oil prices, a strong…
Some gaps still need filling up in Islamic finance
Over the decades, the Islamic finance industry has seen significant growth and is now estimated to have crossed $2 trillion…
High Growth in Takaful Market 2019-2025
The global takaful market reached US$ 20 Billion in 2019. The market is further projected to exceed US$ 45 Billion…
Huge Growth of Middle East Consumer Banking Market to 2025
Consumer banking is the typical mass-market banking in which individual customers use local branches of larger commercial banks. Services offered…
Qatar Islamic banks' total assets rise 1.77% in 9 months in 2018: OBG
The total assets of Qatar’s four Islamic banks rose by 1.77%, while their financing assets climbed by 3.81% in the…
Best Banks In The Middle East 2019: Sunny Outlook
A wave of mergers in the overbanked Middle East has cleared away some of the region’s excess banking capacity and…
Financials pressure Abu Dhabi and Qatar, other Gulf markets down
The Abu Dhabi and Qatar stock markets fell sharply in early trading on Wednesday, dragged down by financial shares as…
DFM-listed banks report AED5.51 bn net profit
Underpinned by rising operating revenues, the Q1 combined net profit of banks listed at Dubai Financial Market soared to AED5.51…