Doha Bank ETF to hit market next month
Doha Bank CEO Dr R Seetharaman yesterday announced that the bank’s much-awaited QE Index ETF, will hit the market in…
Financial Results
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Emirates NBD issues $285 million Formosa bond
Emirates NBD , Dubai's largest bank, has priced on Tuesday a $285 million Formosa bond, sources familiar with the matter…
Egypt’s fintech startups are growing in number, value, and specialization
“The wave of innovation sweeping through the world of financial technology promises nothing short of revolution … It will change…
Doha Bank sees 5%-7% profit growth in 2018 despite standoff
Doha Bank could have a profit growth of between 5% and 7% this year, even as funding costs rise and…
QIIB’s 2017 net profit rises 6% to QR832mn
Achieving “remarkable” growth across various items provided in its budget, leading Islamic bank QIIB posted a net profit of QR832mn…
UAE demand for business loans up marginally in Q4 -central bank
Demand for business loans in the United Arab Emirates increased marginally in the fourth quarter of last year, mainly because…
Mideast M&A deal value grows by 21% in Q4, 17
Middle East’s overall M&A deal activity rallied in Q4 2017, with the volumes growing by 8 percent and aggregate value…
NBK reports KD 322 mln in '17
National Bank of Kuwait Monday reported net profits of KD 322.4 million (USD 1.06 billion) for FY 2017, a growth…
Ajman Bank reports Dh132.61m in net profit
Ajman Bank on Sunday reported a net profit of Dh132.61 million, up 5.63 per cent compared to Dh125.54 million in…
Qatar Islamic Bank Q4 net profit up 14.6 pct, meets forecasts
Qatar Islamic Bank, the Gulf state’s largest sharia-compliant lender by assets, reported a 14.6 percent rise in fourth-quarter net profit,…
QNB plans expansion after absorbing blockade shock
QNB has absorbed the shock of last year’s Saudi Arabia-led blockade on Qatar and plans to push ahead with its…
Abu Dhabi fund Goldilocks buys stake in GFH
Goldilocks Investment Company, controlled by Abu Dhabi Financial Group, on Thursday announced its had taken a 4.99 per cent stake…