UAE banks ranked first in GCC with $723bn in assets
The UAE banking system has been ranked the top banking sector in the Gulf region in terms of assets in…
Financial Results
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Qatari stock market rebounds, Zain pulls back in Kuwait
Banking shares boosted Qatar's stock market on Monday as it rebounded from a five-year low, while Kuwaiti telecommunications firm Zain…
Boubyan Bank records KD 34 mln in net profit
Boubyan Bank announced on Sunday recording KD 34 million (around USD 112.3 million) in net profits until the third quarter…
Turkish banks' net profit up over 25 pct in Jan-Aug
Turkey’s banking sector received 33.28 billion Turkish liras ($9.68 billion) net profit between January and August this year, according to…
Qatari economy set to continue strong momentum
After the initial wobble, Qatari economy is fast adjusting to the impacts of capricious blockade imposed on it by the…
UAE banks’ credit, deposit growth dips in August
Monetary data form the Central Bank of UAE for August showed a monthly drop in system-wide credit and deposits in…
Abu Dhabi Is Said to Weigh Raising About $10 Billion From Bonds
Abu Dhabi, home to about 6 percent of the world’s oil reserves, is said to be considering raising about $10…
Tourists visiting Abu Dhabi, Dubai, RAK up 9.9pc in H1
The number of tourists of various nationalities visiting Abu Dhabi, Dubai and Ras al-Khaimah increased by 9.9 per cent during…
Mubadala reports profit hike post IPIC merger
Abu Dhabi’s state sovereign wealth fund Mubadala Investment Company has reported a net profit of AED4.2 billion ($1.14 billion) for…
Central Bank says money supply drops 1.5% in July
The Central Bank of Kuwait said yesterday that the money supply (M2) in July was KD 35.9 billion (about $117…
Turkish banks’ first-half net profit rises
Net profit for Turkish banks rose 27.5 percent in the same period of January to July from a year ago,…
Emirates Islamic posts H1 net profit of $105m
Emirates Islamic’s net profit for the first half of 2017 stood at Dh387 million ($105.3million) compared to Dh137 million for…