UAE resilience: Banks' assets hit $734bln in 2017
The UAE-based banks' total assets surged to US$ 734 billion (AED2.693 trillion ) at the end of 2017 from AED…
Financial Results
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Emirates REIT continues to drive the regional industry standard in FY 2017
Emirates REIT has reported its audited financial results for the year ending 31 December 2017. Increase in portfolio value…
Oman shares end marginally lower
Oman’s benchmark MSM30 Index was marginally lower by 0.04 per cent to close at 5,014.41 points. The MSM Sharia…
Emirates Investment Bank preliminary net profit up 66.8 per cent
The bank’s net profit is up 66.8 per cent to AED 56.52 million, compared with 2016’s AED 33.89 million, while…
KFH reaps 28 renowned international awards in 2017
Kuwait Finance House continued its outstanding performance in all indicators and bagged 28 renowned international awards in 2017 at the…
Burgan Bank 2017 income tops $214m
Kuwait-based Burgan Bank has posted a net income of KD65.2million ($214.9 million) for the year 2017. Earnings per share reached…
UAE's First Abu Dhabi Bank launches its Global Investment Outlook 2018
First Abu Dhabi Bank, the UAE’s largest bank has published its inaugural Global Investment Outlook report for 2018, Going from…
GFH 2017 income more than halves amid difficult market conditions
Bahrain-based investment bank GFH Financial Group reported a 56 per cent drop in its 2017 full-year net profit as income…
Damac revenue up 4% to Dh7.5b for 2017
Damac Properties reported total revenue of Dh7.5 billion for the year ended 2017, a 4 per cent increase over 2016,…
Bank ABC 2017 net profit up six per cent YoY
Consolidated net profit, attributable to the shareholders of the parent, for the year 2017 was $193 million, six per cent…
Saudi Riyad Bank's Q4 profit up on lower impairment charges
Riyad Bank, Saudi Arabia’s fourth-largest lender by assets, posted a huge rise in fourth-quarter net profit on Tuesday, beating analysts’…
Bank ABC 2017 net profit up 6pc to $193m
Bahrain-based Bank ABC (Arab Banking Corporation) has posted consolidated net profit of $193 million for the year 2017 as against…