Qatar Islamic Bank Q4 profit rises 19 pct
Qatar Islamic Bank the Gulf state’s largest sharia-compliant lender by assets, reported a 19 percent rise in fourth-quarter net profit,…
Financial Results
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NBK fourth quarter profit rises 17% beating analyst estimates on higher public spending
National Bank of Kuwait (NBK), Kuwait’s largest lender, posted a 17 per cent rise in fourth quarter net profit, boosted…
QIB net profit jumps 14.5% to QR2.75bn y-o-y in 2018
QIB has posted a net profit of QR2.75bn in 2018, up 14.5% on the year before. In 2017, the…
Emirates NBD reports Dh10 billion net profits for 2018
Emirates NBD on Wednesday reported a net profit of Dh10 billion for 2018, up 20 per cent year on year.…
Banking a good start to the year: Analysts look to lenders as risk appetite grows
The banking sectors in the United States and the Gulf region have been highlighted as the standout performers to watch…
Combined growth in the GCC region expected to be at 3.0% in 2019: Markaz
Kuwait Financial Centre “Markaz”, recently released a report highlighting the top economic and investment themes that will shape the economic…
Global Saudi Equity Fund outperforms TASI
Global Investment House Saudi has announced that the Global Saudi Equity Fund has reported another successful year in 2018. It…
Dubai house prices to drop 5 to 10% more this year
There is potential for residential real estate prices in Dubai to decline by another 5 to 10 per cent this…
UAE's higher spending to shore up economic growth in 2019
The UAE’s consolidated government spending for 2019 is significantly higher than last year and is expected to support economic growth…
All types of loans reached $1.1 b last year, says Kuwait Credit Bank
Kuwait Credit Bank said on Saturday that the total of all types of loans reached KD 336.3 million ($1.1 billion)…
Kuwait’s non-oil growth seen at 3% in 2019; fiscal position solid
Kuwait’s economic performance has steadily improved over the past two years, and the outlook for growth remains broadly encouraging. The…
GCC Islamic banks show stronger growth than conventional peers: Fitch Ratings
Link to Fitch Ratings' Report(s): GCC Islamic Banks: 2018 Compendium - Strong Growth, but Weaker Creditworthiness than GCC Conventional Banks…