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…
Financial Results
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Banks’ lending growth to pick up pace in 2019
Banks are expected to witness an overall pick-up in lending book across GCC this year, supported by Government spending. …
UAE economy grew 1.7 percent in 2018 – state news agency
The United Arab Emirates’ economy grew by 1.7 percent at constant prices in 2018 compared to the previous year, slower…
Gulf banks to experience decline in asset quality in 2019 — 20
Asset quality of GCC banks are expected to face some amount of deterioration in the next 12 to 24 months…
Gulf Bank likely to suffer USD9.2m losses
Gulf Bank, one of the largest banks in Kuwait, is expected to register USD9.2 million of losses after being hit…
Dh37.2b dividends to be paid out by 114 UAE-listed companies
Cash dividends totalling Dh37.2 billion are proposed to be paid out for 2018 by 114 companies listed in UAE capital…
Abu Dhabi’s exports up 36.6% at Dhs17.2b in Q4
The value of exports through Abu Dhabi ports increased by 36.6 per cent from Dhs12.6 billion in Q4 2017 to…
Burgan Bank approves distribution of 12 fils cash dividend, 5% bonus shares
Burgan Bank held its ordinary annual general assembly meeting and Al-Shafafiyah Investors’ forum yesterday at the KIPCO Tower. The…
Sohar International concludes perpetual nonds issuance
Sohar International has recently concluded the issuance of OMR 100mn unsecured subordinated perpetual bonds with overwhelming success that reaffirms the…
Ebdaa Bank to raise capital using profits
Ebdaa Bank for Microfinance - Bahrain has posted an increase of more than 227 per cent in net profit at…
AUB AGM approves a cash dividend of 15 fils per share
Chairman of Ahli United Bank, Dr Anwar Al-Mudhaf assured that “during the year 2018, the Bank continued to achieve good…
NBF on track for stronger performance in 2019
National Bank of Fujairah expects to improve its assets and profitability growth in 2019, on the back of a strong…