Dubai Islamic Bank’s Q3 2023 net profit rises 18% to $1.3bln
Dubai Islamic Bank, the biggest Islamic lender in the UAE, saw its net profit rise by 18% year-on-year in the…
Financial Results
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Dubai mega-bank Emirates NBD hits new records as 9-month 2023 net profit tallies Dh17.5b – that's 92% up
The profit growth march of UAE’s biggest banks continues, with Emirates NBD’s nine-month tally coming to Dh17.49 billion, up quite…
RakBank's third-quarter profit surges 29% after strong business and robust deposits
National Bank of Ras Al Khaimah reported a 28.7 per cent jump in its third-quarter net profit driven by a…
Saudi National Bank third quarter profit rises 6%
Saudi National Bank reported a rise of 6% in net profit for the third quarter from a year earlier, boosted…
Oman's Bank Muscat H1 net profit up 7% on higher interest income
Bank Muscat, Oman's largest lender by assets, reported net profit for a nine-month 2023 of 158.88 million rials ($412.6 million),…
Kuwaiti Islamic banks expect profit growth despite challenges: Fitch
Kuwaiti Islamic banks are forecast to see profit improvement in 2023 and 2024 despite mounting regulatory provisioning requirements, pressure on…
Dubai Real Estate surge by 40% in Q3 2023
D&B Properties reports the city’s real estate market has witnessed exceptional growth in the third quarter of 2023, according to…
EY celebrates 100 years in MENA with record results
EY has hit two major milestones in the Middle East and Africa region – celebrating 100 years in business and…
Banks operating in Egypt record EGP 126.9bn of net profits in 1H 2023
The Central Bank of Egypt (CBE), in its quarterly report on the financial stability of banks, stated that the net…
Alvarez & Marsal UAE Banking Sector Pulse Reveals Steady Performance in Q2 2023
Leading global professional services firm Alvarez & Marsal (A&M) has released its latest United Arab Emirates (UAE) Banking Pulse for…
UAE's four largest banks post profit rise on interest income boost and economic momentum
Profits of the four largest banks in the UAE grew sharply in the first half of this year, boosted by…
Oman’s Islamic banking assets hit RO7bn mark as market share rises
Oman’s Islamic banking sector is experiencing robust growth this year, driven by strong demand for Shariah-compliant products and supportive regulations.…