Conventional bank assets reach AED 2.26tr in UAE
The assets of UAE conventional banks stood at AED 2.268 trillion at the end of October 2018, accounting for 80…
Financial Results
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Emaar Properties tumble to 33-month low as margins feared
The selling intensity on the Dubai bourse is increasing by the day. Emaar Properties hit its lowest level in…
Egypt falls for fifth day, banks boost Qatar
Egypt's blue-chip stock index fell for a fifth straight day on Monday, while Saudi Arabia edged up as oil prices…
Shuaa acquires 4.8pc stake in Ajman Bank
Shuaa Capital, a leading financial services firm in the UAE, said that it now holds a 4.8 per cent stake…
Kuwait bank lending growth accelerates slightly in September
Kuwait's central bank released the following September money supply and bank lending data on Tuesday.
Bahraini banks post $873m nine-month profits
Bahrain's seven local retail banks listed on the Bahrain Stock Exchange posted a net profit of $ 873 million in…
UAE bank profits to improve on higher loan yields, lower provisions
The profitability of the UAE’s banking sector in 2018 and 2019 is expected to improve steadily on the back of…
Aldar Properties' Q3 profits fall 30% amid higher costs
Aldar Properties net profits dropped 30 percent to AED 420 million ($ 114.35 million) in the third quarter of 2018,…
GFH third quarter profit climbs 23.3% on investment banking activities
GFH Financial Group, the Bahrain-based Sharia-compliant investment firm, said third quarter net income surged 23.3 per cent, boosted by its…
DP World celebrates $3.3bn listings on Nasdaq Dubai
Dubai-based global marine terminal operator DP World's group chairman and CEO, Sultan Ahmed Bin Sulayem, today rang the market-opening bell…
Abu Dhabi Islamic Bank gets approval to allow 25% foreign ownership
Abu Dhabi Islamic Bank, the UAE’s second-biggest bank complying with Muslim banking rules, said it obtained the Abu Dhabi Executive…
UAE cenbank governor expects 2.8 pct GDP growth this year
The United Arab Emirates central bank expects gross domestic product to grow by 2.8 percent in 2018, its governor said…