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…
Financial Results
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UNB shares climb for a second day on Abu Dhabi bank merger announcement
Shares of Union National Bank, one of three lenders in the potential big-ticket banking merger in the emirate, rose for…
Qatar’s investments in Germany exceed €25bn in ‘vital’ sectors
Qatar’s investment in Germany has exceeded €25bn in a wide range of sectors, according to the ‘The National Committee for…
VCBank delivers 45pc return after Byrne exit
Venture Capital Bank (VCBank), a Bahraini Sharia-compliant investment firm, has netted a 45 per cent return after exiting its investment…
UAE indices bide time as fresh leads eyed
UAE indices trod water on Tuesday as traders awaited fresh leads amid a lack of interest that reflected in lower…
Saudi trims gains; banks send Qatar 3.8 pct higher
The Saudi market ended on a positive note for the second day in a row, while a 6 percent gain…
Oman share index ends higher
The MSM30 index ended higher on Monday and closed at 4,381.78 points, up by 0.34 per cent. MSM Sharia…
BLME first-half net profit jumps nearly 5 times
The Bank of London Middle East Holdings (BLME) said on Sunday its first-half to June 2018 net profit jumped to…
Other UAE banks attract attention as Emirates NBD extends falls
Emirates NBD shares fell on Wednesday, extending losses for the eighth session, as traders shifted to other banks like Dubai…
UAE’s top-four banks to maintain stable profitability into 2019, report says
The UAE’s top four banks have performed well in the second quarter of this year on the back of higher…
Waha Capital Q2 profit surges 38.5% on investments and assets management businesses
Waha Capital, which counts Mubadala Investment Company among its shareholders, reported a 38.5 per cent year-on-year rise in the second-quarter…
Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, report half-year profits
Ithmaar Holding B.S.C., a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank,…