Dubai International Financial Centre reports strong start to 2018
Number of active registered companies increased by eight percent in the first six months of 2018 and 14 percent year…
Financial Results
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Sharjah Islamic Bank’s net profit up 4% in first half 2018
Sharjah Islamic Bank (SIB) on Sunday reported Dh283 million net profit for the first half 2018 compared to Dh272.9 million…
Qatar Islamic Bank Q2 net profit rises, beats estimates
Qatar Islamic Bank, the Gulf state’s largest sharia-compliant lender by assets, beat the average forecast of analysts as it reported…
Bank Muscat's H1 Net Profit Rise 6.4% To RO90MN
Bank Muscat posted a net profit of RO89.7mn for the six months period ended June 30, 2018 compared to RO84.31mn…
Abraaj posts $188 million loss after using investor funds, says PwC
PricewaterhouseCoopers and Deloitte were hired as the provisional liquidators of Abraaj. Abraaj Holdings had an “unusual” business model reliant on…
Qatar National Bank second-quarter net profit rises 5.7%
Qatar National Bank reported a 6.3 percent increase in second-quarter net profit on Wednesday, as a rise in net interest…
NBK reports net profits for 1H 2018
Al-Sayer: NBK on track to record another year of record profits 1H 2018 profits reaffirms our focus on core banking…
Ajman Bank reports 53% Q2 profit rise as fee and investing income climbs
Ajman Bank on Sunday reported a 53 per cent rise in its second-quarter net income as impairment charges dropped and…
Bank of Khartoum increases 2017 capital, maintains IIRA rating
Bank of Khartoum has released its financials for the year 2017 subsequent to its Annual General Meeting of its shareholders.…
Islamic finance industry assets surpass $2tn-mark
The new Islamic Financial Services Industry Stability Report 2018 released by the Islamic Financial Services Board (IFSB) in Kuala Lumpur…
Foreign Direct Investments Rose by 8 Percent, Lift UAE to No.1 in Arab World
The UAE continued to remain top destination for the foreign companies to invest as the emirate jumped five places to…
Kuwait banks brace for profit, liquidity bounceback
Kuwait banks are at an inflexion point, after years of underperformance, relative to their GCC peers and some green shoots…