Investcorp posts 5pc increase in net income
Investcorp has announced a net income of $58 million for the first six months of its fiscal year (H1 FY19)…
Financial Results
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Abu Dhabi Islamic Bank net profit up 8.7pc to $680m
Abu Dhabi Islamic Bank (ADIB) has delivered a strong set of results for 2018 with net profit growing 8.7 per…
Abu Dhabi’s FAB surges as it seeks more foreign investment
First Abu Dhabi Bank (FAB) PJSC jumped on optimism the lender will follow regional peers and raise the foreign-ownership limit…
Al Rahji Bank's net profit jumps 13%, beating analysts' estimates
Al Rahji Bank, Saudi Arabia's largest lender by market value, reported a 13 per cent annual rise in net profit…
KIB records KD 21 million net profit, 18% growth in 2018
Chairman of KIB, Sheikh Mohammed Jarrah Al-Sabah, announced that the Bank recorded a net profit of KD 21 million for…
Arab Bank hits USD820.5m in net profit
Jordan-based Arab Bank Group generated USD820.5 million in its net profit for 2018, marking a 54 percent surge. In…
International Bank of Qatar posts QR747.2mn net profit in 2018
International Bank of Qatar posted a net profit of QR747.2mn in 2018, compared with QR555.1mn registered in the previous year. …
QIIB remains 'optimistic' about 2019 as market looks 'promising': Al-Shaibei
QIIB is optimistic of achieving the targeted growth this year as the “market looks promising”, said bank chief executive officer…
Julius Baer announces cost cuts as profitability lags
Stable profit in challenging market environment IFRS net profit attributable to shareholders of Julius Baer Group Ltd. grew by 4%…
Saudi government reserve drops by near $23bln in Q4 – official figures
Saudi Arabian Monetary Authority’s government reserve dropped by 84.2 billion Saudi riyals ($22.7 billion) in the fourth quarter of 2018,…
Abu Dhabi’s FAB records net profit of Dh12 billion from 10% gain
First Abu Dhabi Bank, has reported a full-year 2018 group net profit of Dh12 billion, up 10 per cent year-on-year…
SIB’s net profits up 7 per cent to Dh510 million
Sharjah Islamic Bank has recorded a net profit of Dh510.4 million for 2018, up 7 per cent compared to Dh477.7…