Bank Muscat posts OMR134.74mn net profit
Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary results for nine months ending September 30, 2018.…
Financial Results
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Qatari firms’ growth momentum continues despite siege
The third quarter earnings for Qatari stocks under the coverage of QNB Financial Services (QNBFS) are expected to deliver a…
Banking sector posts some $6B profit in Jan-Aug
Turkey's banking sector's net profit totaled 38 billion Turkish liras ($5.94 billion) this January-August, the Banking Regulation and Supervision Agency…
UAE approves record budget
The UAE government approved a zero-deficit 60.3-billion dirham ($16.4 billion) budget for 2019 on Sunday, up 17% from this year’s…
Top UAE banks step up lending as confidence rises
The 10 largest listed banks in the UAE maintained increasing levels of confidence in the second quarter by recording increased…
'Oman's Islamic banks see remarkable growth'
Tahir bin Salim Al Amri, Executive President of the Central Bank of Oman (CBO), affirmed that Islamic banks in the…
Dubai spurs GCC Corporate earnings growth
A remarkable 21.5 per cent jump in Dubai's corporate earnings year-to-date has propelled the GCC aggregate corporate earnings growth to…
Banks’ profits score EGP 45.843bn at end of June 2018
Banks operating in the Egyptian market achieved a net profit of EGP 45.843bn at the end of June 2018, against…
Mena's nascent fintech market to grow by $125m a year
The Middle East and North Africa region’s financial technology market, where the number of start-ups is expected to top 250…
‘The banking sector in Kuwait is in a sweet spot’
Theirs is one of the hottest cities on the planet, but Kuwait’s banks had a long wait for their day…
Middle East’s tally of ‘demi-billionaires’ keeps growing
The ranks of the Middle East’s super-wealthy are showing no signs of flagging. In fact, the number of individuals…
Abu Dhabi banks report over $4.5bn income in H1
The net income of commercial and Islamic banks operating in Abu Dhabi amounted to Dh16.6 billion ($4.51 billion) during H1…