Islamic banking in Egypt increases 16 % in 2017: official
The market share of Islamic finances in Egypt climbed 16 percent by the end of 2017 recording 240 million Egyptian…
Financial Results
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Bahrain Islamic Bank posts BD 10.1 million net profit
Bahrain Islamic Bank announced strong financial results that have positively impacted all the Bank's operations. The Bank recorded a…
Saudi's Al Rajhi Bank Q4 net profit rises 20%
Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 19.8 percent rise in its fourth-quarter net profit on…
CBD 2017 profit surges 9.4pc to $474m
Commercial Bank of Dubai has reported a 9.4 per cent increase in operating profit of Dh1,742 million ($474 million) for…
Growth momentum to stimulate FDI, head of Turkish investment agency says
Turkey's growth rate in the first three quarters of 2017 was above expectations, with 5.3 percent growth from January to…
Shuaa Capital rebounds from loss with Dh74m in profit
Shuaa Capital reported on Wednesday Dh74 million in net profit for 2017 as the company turned around its Dh132.5 million…
UAE ranks first in 11 global competitiveness indices
The UAE has ranked first in 11 global competitiveness indices among six different competitive reports (2017- 2018), said the Ministry…
Citigroup Targets Rapid Middle East, Africa Growth in 2018
Citigroup expects 2018 to be its best year for investment banking in the Middle East and Africa in at least…
Second Citizenship More Affordable Than Ever; but Time is Running Out
Experts at Savory & Partners said that high-net-worth families in the GCC contributed to a 76 per cent increase in…
Investcorp net income rises 16% in H1 FY18
Investcorp, a global provider and manager of alternative investment products, on Wednesday announced its fiscal half-year (H1 FY18) results for…
QNB Group Announced the Successful Closing of the Syndication for Its USD 3.5 Billion Three Year Senior Unsecured Term Loan Facility
QNB Group,announced the successful closing of the syndication for its USD 3.5 billion three year senior unsecured term loan facility.…
Kuwaiti investors lose millions in Bitcoin – report
Approximately 12,000 investors in Kuwait have lost half the value of their portfolios trading in the volatile cryptocurrency market, according…