Financial Results

Financial Results

The Ithmaar Holding reported a net profit of US$4.81 million for the three-month period ended 31 March 2018

May 14, 2018

Ithmaar Holding, a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank, a Bahrain-based Islamic retail bank, each announced their…

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Comment & Analysis

Remittances of expats in Kuwait fall

May 11, 2018

According to the Central Bank of Kuwait, the remittances of expatriates in Kuwait fell by 9.2 percent last year, from…

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Financial Results

Commercial International Bank Egypt Q1 consol Profit Rises

May 10, 2018

Commercial International Bank Egypt:   Q1 consol net profit after minority interest EGP 2.02 billion vs EGP 1.73 billion year…

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Financial Results

Samba posts 6% gain in first quarter profit

May 10, 2018

Samba Financial Group posted a 6 per cent increase in first quarter net profit, boosted by a gain in special…

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Financial Results

Burgan Bank Group Announces First Quarter 2018 Earnings

May 9, 2018

Burgan Bank Group announced today its first quarter earnings for the financial year 2018. The set of results for the…

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Comment & Analysis

Lower confidence of job security and chances of pay rises, say UAE residents as cost of living increases bite back

May 9, 2018

In the final few months of last year, 40-year-old Tuan Phan had to fork out for the birth of his…

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Financial Results

Al Baraka Banking Group's Q1 net income up 11pc

May 9, 2018

Al Baraka Banking Group  has reported a 11 per cent growth in its net income for the first quarter which…

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Financial Results

Saudi British Bank Q1 net profit edges up to $277mln

May 8, 2018

The Saudi British Bank  recorded a net profit of SR1.039 billion ($276.8 million) for the quarter ended March 31, 2018…

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Financial Results

Bahrain Islamic Bank Q1 net profit up 267 per cent

May 8, 2018

The Q1 2018 net profit is up from BD 0.6 million for the same period last year, an increase of…

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Financial Results

Shuaa Capital maintains profitable trajectory in Q1

May 7, 2018

Shuaa Capital is working towards sustainable profitability and has aligned its business strategy for 2018 to consolidate its operations and…

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Financial Results

UAE, Saudi PMI fortunes diverge in April

May 4, 2018

The fortunes of the UAE and Saudi Arabia’s non-oil private sector diverged in April as a key gauge showed that…

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Comment & Analysis

GCC banks resilient in the face of political and economic challenges: KPMG GCC listed banks report

May 3, 2018

KPMG has released the findings from the third edition of its annual GCC listed banks results report, which analyses the…

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