Bank Hapoalim Announces 2018 Financial Results
Bank Hapoalim, had announced its financial results for the fourth quarter and full year ended December 31, 2018. Key…
Financial Results
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KFH holds AGM, approves distribution of 20% cash dividends, 10% bonus shares
Kuwait Finance House held its annual general Assembly (AGM) yesterday and approved the Board of Directors’ recommendation of distributing 20…
UAE Central Bank foreign currency assets hit $94.82bln in January
The total foreign currency assets held by the Central Bank of the UAE stood at AED348 bn by the end…
Nine private, foreign banks in Egypt gain net profits of EGP 25.80bn in 2018
A survey conducted by Daily News Egypt on the results of the activities of banks operating in the Egyptian market,…
Asset management business at DIFC exceeds $425 billion
The size of the wealth and asset management sector at Dubai International Financial Centre (DIFC) is now worth $424 billion…
Central bank sees UAE GDP growth at 3.5% in 2019
The UAE's GDP will expand 3.5 per cent this year compared to 2.8 per cent in 2018, thanks to a…
Islamic banking assets in Qatar valued at $97bn by end-2017: QFC Authority
Islamic banking assets in Qatar were valued at $97bn by the end of 2017, which constituted nearly 81% of the…
The Brand Consult is set to redefine the UAE market
The UAE’s real GDP is expected to grow by 3.7 per cent this year, according to the IMF. Despite…
UAE economy to grow 2.5% in 2019: central bank
The United Arab Emirates' economy is expected to grow 2.5 per cent in 2019, slower than last year, but non-oil…
DIFC's net profit soars to record Dh323 million in 2018 as more firms set up in Dubai's financial freezone
Dubai International Financial Centre on Tuesday announced the highest net profit in its history at $88 million (Dh323 million) in…
United Arab Bank reports net profit of AED77 million in 2018
United Arab Bank, UAB, has reported its financial results for the 12 months ended on 31st December, 2018. UAB reported…
UAE banks propose $5.1bn of dividends
Dividends of Dhs18.7bn ($5.1bn) have been proposed by 18 listed UAE banks – up 12.2 per cent on the previous…