Rakbank Group posts $56m net profit in Q1
The National Bank of Ras Al Khaimah (Rakbank) has announced a consolidated net profit of Dh205.1 million ($56 million) for…
Financial Results
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Mubadala reports $2.9bn operating income in 2017
Mubadala Investment Company of Abu Dhabi has reported its full-year 2017 financial and operational highlights, revealing an operating income of…
Sharjah Islamic Bank net profits rose to reach 143.1 million for the first quarter 2018
Sharjah Islamic Bank (SIB) has announced its first quarter 2018 financial results and achieved a net profits of AED 143.1…
Arab Bank Group posts $220m profit in Q1
Arab Bank Group has announced its results for the first quarter of 2018 reporting a net profit after tax of…
CBI’s first quarter net profit up 93%
Commercial Bank International (CBI) on Sunday reported a net profit of Dh40 million, up 93 per cent from Dh21 million…
Jewellers see 10% export growth in FY19 after 5% decline in FY18
After a five per cent decline in FY18, jewellers believe there would be a 10 per cent jump in India’s…
Saudi petchems under pressure despite rise
Saudi petrochemical stocks ended Thursday’s trading on the downside after some disappointing earnings, but key banking and property stocks helped…
CORRECTED-UAE lender ADCB Q1 profit up 9 pct
Abu Dhabi Commercial Bank on Thursday posted a 9 percent rise in first quarter profit as net interest and Islamic…
UAE lender ADCB Q1 profit up 9%
Abu Dhabi Commercial Bank on Thursday posted a 9 percent rise in first quarter profit as net interest and Islamic…
'Trust in Islamic banking rising fast
Customers' trust in Islamic banking will increase exponentially once the sector's assets reach $3.3 trillion by 2021 as predicted, Sultan…
CBD profit jumps 74.7% in Q1
Commercial Bank of Dubai (CBD) reported a 74.7 per cent rise in net profit to Dh280 million for the first…
Remittance Payments Hit Record $466b in 2017
Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of…