UAE Cybersecurity Firm Doubles Revenue to $400 Million
DarkMatter, a three year-old United Arab Emirates-based cybersecurity firm, has more than doubled revenue last year to over $400 million.…
Financial Results
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Ibdar bank reports profits
Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has reported US$1.01 million in net profit for the year ended December 31,…
Standard Chartered restarts dividends as profit returns
Standard Chartered has restarted its dividend after leaving shareholders empty-handed for two years, as the emerging markets bank returns to…
Saudi shares end lower on additional tax proposal
Saudi Arabian shares fell on Sunday as weakness in banks more than offset a rise in petrochemicals after Brent crude…
First Abu Dhabi Bank Sees Interest-Rate Jump Boosting Its Profit
First Abu Dhabi Bank PJSC expects a rise in U.S. interest rates to boost its profits because the United Arab…
UAE insurers report strong results supported by gains in underwriting income
UAE insurers posted healthy top-line growth, improved operating profits and stronger shareholders’ equity in their 2017 financial results, according an…
Net interest income growth boosts profitability of UAE lenders
Higher business volumes and an increase in interest rates helped UAE banks to improve their profits last year. The…
Bahrain's Alba on track to complete debt financing for smelter expansion: official
Aluminium Bahrain, owner of one of the world's largest aluminium smelters, will raise by the end of this year's first…
Large UAE banks report higher Q4 profits
Despite higher provisioning and operating costs, four largest banks in the UAE managed to report higher net profit in the…
How Institutional Investors Are Preparing for Return of Volatility
Seventy-eight percent of institutional investors around the world expected stock market volatility to surge in 2018, according to survey results…
ABG total assets rose 9pc to exceed US$25bn
Al Baraka Banking Group yesterday announced financial results for full-year 2017 reporting a 9 per cent increase in total assets,…
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…