Deyaar revenues in 75% surge to Dh751.6m
Dubai-based developer Deyaar recorded a strong 75 per cent gain in revenues to total Dh751.6 million last year, against the…
Financial Results
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Dubai Islamic Bank net profit up 11% on core business growth
Dubai Islamic Bank, the largest Islamic bank in the UAE, on Wednesday recorded 11 per cent growth in net profit…
Emirates NBD reports record Dh8.35 billion full year net profit
Emirates NBD, a leading bank in the region, reported record net profit of Dh8.35 billion in 2017, up 15 per…
Qatar National Bank Q4 net profit rises 5.2 pct
Qatar National Bank (QNB) , the Gulf’s largest lender, on Tuesday reported a 5.2 percent increase in fourth-quarter net profit,…
Qatar's Masraf Al Rayan reports 9.6 pct fall in Q4 profit
Masraf Al Rayan, Qatar’s second-largest bank by market value, reported a 9.6-percent drop in fourth-quarter net profit on Tuesday, according…
Dividends expected to drive UAE bourses
Investors seeking dividends are expected to go on a buying spree this week on UAE bourses, even as expectations of…
Sharjah Islamic Bank net profit rises to Dh478m
Sharjah Islamic Bank on Monday reported a full year 2017 net profit of Dh477.7 million compared with Dh462.9 million in…
Banks help Saudi rise early on, Qatar continues rally
The Saudi index was 1.0 percent higher after an hour with all 12 listed banks climbing after Saudi Arabia's central…
Huge potential for Islamic banking in Egypt; lack of political will stymies growth
Egypt’s Islamic bank profits are up, structural reforms are accelerating an economic rebound and banking penetration among ordinary Egyptians remains…
Currency in circulation outside UAE banks tops $18bn
Funds in circulation outside UAE-based banks amounted to Dh67.5 billion ($18.4 billion) in 10 months of 2017, a growth of…
Mideast inbound M&A hits 10-year high at $9.8bn
Middle Eastern inbound merger and acquisition value stands at a 10-year high of $9.8 billion, up 117 per cent from…
Oman raises $6.5bn from 3-part bond sale to bridge gap
Oman raised $6.5bn from a bond offering as the Middle East’s biggest non-Opec producer seeks to bridge a budget deficit.…