Financial Results

Financial Results

NBK- Egypt reports net profits in 1Q 2019 growing by 2.6% YoY

May 16, 2019

Improved profit performance was attributable to increased operating banking revenues, reflecting Egypt’s economic stability. We aim to increase our market…

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Financial Results

Shuaa swings to Q1 loss on Abraaj exposure

May 16, 2019

Dubai investment bank Shuaa Capital, which is in the process of merging with its biggest shareholder, swung to a first-quarter…

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Financial Results

Emirates posts $631m profit, awards $136 million dividend

May 16, 2019

Emirates Group has released its 2018-19 annual report, posting a profit of $631 million for the financial year ended 31st…

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Financial Results

Almost two-thirds of GCC expats don't seek financial advice in first two years: research

May 16, 2019

Only 37% of expats living in the Gulf seek and receive financial advice within their first two years living in…

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Financial Results

UAE national banks lend $3.6bn to businesses in Q1

May 15, 2019

UAE national banks provided Dh13.3 billion ($3.6 billion) in loans in the first quarter (Q1) of the year to the…

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Financial Results

Burgan Bank reports net income of KD 19.2m for first quarter of 2019

May 15, 2019

Burgan Bank Group has announced its financial results for the first quarter of 2019.   Beginning this year, Burgan has…

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Financial Results

DAMAC's first-quarter profits drop 94% as Dubai property market slumps

May 15, 2019

Property developer DAMAC Properties reported a 94% drop in first-quarter net profit on Wednesday, its smallest since going public in…

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Financial Results

UAE's Finablr shares down as much 5% after London market debut

May 15, 2019

Shares in payments and foreign exchange company Finablr slipped in early trading on Wednesday, falling by as much as 5%…

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Financial Results

GFH Q1 net profit dips 41.4pc to $21.36m

May 15, 2019

Bahrain-based GFH Financial Group (GFH) has posted a net profit of $21.36million for the first quarter (Q1) of the year…

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Financial Results

UAE's Aldar Properties Q1 profit drops, plans $749mln capex in 2019

May 14, 2019

Aldar Properties, the largest property developer in Abu Dhabi, plans capital expenditure of 2.75 billion dirhams ($749 million) in 2019,…

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Financial Results

Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, both report first quarter profits

May 13, 2019

Ithmaar Holding has  announced their financial results for the first quarter of 2019 with both entities reporting profits for the…

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Financial Results

Bank ABC Islamic announces 16.8% increase in first quarter net profit

May 13, 2019

Bank ABC Islamic has announced its results for the first quarter of 2019:   Business Performance   Net profit for…

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