The Access Bank UK Reports Profits for the 4th Consecutive Year
Maintaining sound growth momentum, The Access Bank UK, a wholly owned subsidiary of Access Bank Plc, today reported its financial…
Financial Results
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Ithmaar Bank’s Pakistan unit reports profits of $40.8 million
Manama : Ithmaar Bank’s retail banking subsidiary in Pakistan, Faysal Bank Limited (FBL), yesterday announced results of 2017 reporting profits…
GCC banks profit growth reach 6 percent
GCC banks were confirmed to have seen their profit growth hit 6 percent as a result of decreased LLPs and…
Qatar bank deposits witness 6% expansion to QR811.55bn in Feb
Customers’ deposits of commercial banks in Qatar witnessed about 6% year-on-year expansion to QR811.55bn in February this year, according the…
UAE bank credit to industries hits $2bn in two months
Lending by UAE banks for industrial and business operations amounted to Dh7.4 billion ($2 billion) during the first two months…
GCC bank profits showed resilience in 2017 even as revenues fall sharply
GCC banks weathered the storm of slower revenue growth last year, posting 6 per cent profit thanks to lower costs,…
Debt headache for Istanbul as S&P warns Turkish growth to plummet
Turkey’s growth could fall by almost 50 percent as the country grapples with inflation and a debt burden that could…
Qatar’s top banks forecast to grow stronger in Q1, 18
Supported by strong balance sheet growth along with stable NIM (net interest margin), Qatari banks are expected to lead to…
Global markets drop amid Wall Street sell-off
Technology shares were hit hard in the United States on Monday after U.S. President Donald Trump attacked Amazon.com over the…
MENA M&A deal value plunges 57.6% in 2017
2017 M&A deal value in the MENA region declined by 57.6% despite deal count maintaining a level that was consistent…
UAE re-exports trade tops $148bln in 2017
The trade value of re-exported goods in the UAE reached Dh546.5 billion ($148.8 billion) in 2017, compared to Dh532.9 billion…
Emirates NBD shareholders approve Dh7.3 billion rights issue
The eleventh annual general meeting of Emirates NBD on Tuesday approved the bank’s proposed increase of capital through a rights…