Bank Sohar Q2 net profit surges 21pc to $36m
Bank Sohar, a leading bankin Oman, has posted a net profit of RO13.982 million ($36.23 million) for the second quarter …
Financial Results
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Global Economy likely to continue rewarding Stock Tilted Investment Portfolios – Barclays
Barclays has announced the findings of its Q3 2018 Compass Report, which outlines the Private Bank’s tactical recommendations on portfolio…
UAE banks' liquidity set to remain healthy
Banks in the UAE continued to perform with higher levels of profitability in the first quarter of 2018, and liquidity…
ABK Posts 18 Pct Rise in H1 Net Profit
Al Ahli Bank of Kuwait (ABK) today reported an 18 percent increase in net profit for the first half ending…
Jordan’s Arab Bank Group net profit up 5% to $436m in H1
Jordan’s largest lender, Arab Bank Group, reported a 5 per cent rise in first-half net profit to $436 million (Dh1.6…
Abu Dhabi Commercial Bank Q2 profit up 12 percent
Abu Dhabi Commercial Bank on Thursday reported a 12 percent rise in second-quarter net profit, due to higher net interest,…
ADIB plans a Dh1.16bn rights issue and tapping the sukuk market
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, plans to approach both debt and equity capital markets…
Dubai’s ICD says to buy stake in Corporación América Airports subsidiary
Investment Corporation of Dubai, the emirate’s sovereign wealth fund, has agreed to buy 25 per cent of Corporación America Italia,…
Saudi British Bank posts half-year net profit of $640m
Saudi British Bank (SABB), an affiliate of global giant HSBC Holdings, has recorded a net profit of SR2.4 billion ($640…
RAKBank reports flat second quarter net profit as impairments climb
The National Bank of Ras Al Khaimah on Wednesday reported a slight drop in its second-quarter net profit as non-interest…
Kuwait International Bank reports net profits for 1H 2018
Kuwait International Bank reported a net profit of KD 12 million attributable to shareholders and earnings per share at 12.82…
AUB announces KD 29.0 million net profit for first half of 2018
Ahli United Bank reported a net profit for the first half of 2018 amounting to KD 29.0 million compared to…