Saudi wealth fund in talks to raise up to $8 bln bridge loan -sources
Saudi Arabia’s Public Investment Fund is in talks with banks to raise a short-term bridge loan for as much as…
Financial Results
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Boubyan Bank records net profits in Q1 2019
Al-Majed: A Remarkable Start for 2019, and a Motivation for Further Achievements Boubyan Bank has announced KD 14.6 million…
Emirates NBD confirms sale of 127.5 million shares
Emirates NBD Bank has confirmed the sale of 127,474,500 ordinary shares from its shareholding in Network International. The sale…
Qatar's QNB net income jumps 4 percent
Qatar National Bank recorded a 4 percent boost in its net income from January to March 2019, standing at USD0.98…
Qatar National Bank Q1 net profit rises 3.8 pct, broadly in li1ne with estimates
Qatar National Bank the Gulf's largest lender, reported a 3.8 percent increase in first-quarter net profit, it said on Tuesday,…
ADNOC Distribution shines in Abu Dhabi, Saudi drops
ADNOC Distribution lifted the Abu Dhabi stock market on Sunday and Dubai continued its winning streak, while Saudi Arabia lagged…
Gulf Investment Corporation reports net profits of $107million for 2018
Gulf Investment Corporation has announced the results of its operations for the fiscal year ending 31 December 2018. Operating profits,…
Bahrain’s FDI surges 5.5pc to $29bn in 2018: iGA
Bahrain recorded a foreign direct investment of BD11 ($29 billion) during 2018, reflecting an increase of 5.5 per cent over…
IMF Executive Board Concludes 2019 Article IV Consultation with Kuwait
On March 25, 2019, the Executive Board of the International Monetary Fund concluded the 2019 Article IV consultation with Kuwait. …
Bahrain's foreign direct investment soars 5.5%
The volume of direct foreign investment in Bahrain has increased by 5.5 per cent with a value exceeding BD11 billion…
Aramco world’s most profitable company in 2018
Oil giant Saudi Aramco revealed yesterday it made the world’s biggest corporate profit last year, opening its secretive accounts for…
Egypt- NBE net profits reach EGP 10.1bn by end-June 2018
The business results of the National Bank of Egypt for the fiscal year (FY) 2017/18 have revealed its net profits…