Net income of Abu Dhabi-based commercial banks hits Dhs9bn in Q2 2017
The net income of Abu Dhabi-based commercial banks amounted to Dhs9 billion during Q2 2017, a growth of 4.1 per…
Financial Results
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NRIs drive UAE bank deposit growth
Driven by non-resident segment, banking sector deposits in the UAE rose by a moderate 0.2 per cent month on month…
UAE to maintain interest rates 'until 2018' – report
The UAE is not expected to hike interest rates until 2018, according to a report by BMI Research. The…
Mideast funds favor Kuwait before FTSE decision, bearish on Qatar
Middle East funds plan to move aggressively into Kuwaiti stocks as the market prices in expectations that index compiler FTSE…
Large UAE banks set to post solid profitability
Profitability at the four largest UAE banks will remain solid in the next 12 to 18 months underpinned by solid…
Turkish participation banks' profit soars 36 pct in first half
Participation banks achieved a profit of TL 769 million (around $223.29 million) in the first half of this year with…
Kuwait real estate boosted by residential sales in July
The real estate sector continued to appear stable with activity improving in July despite the summer season, the latest National…
Large UAE banks post solid Q2 profitability as interest income rises
Profitability at the four largest UAE banks will remain solid in the next 12 to 18 months, underpinned by solid…
Europe accounts for 37% of Qatari banks’ cross border funded liabilities, says QCB
Qatar’s banking sector “depends heavily” on Europe on the liability side, as the region accounts for 37% of the cross…
Major banks' profits to remain solid
Profitability at the four largest UAE banks will remain solid in the next 12 to 18 months on the back…
UAE’s equity indices still moving sideways
The UAE’s main equity indices continued to move sideways on Monday as trade values remained lacklustre with no strong catalysts…
Meethaq crosses RO1bn milestone in assets
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, announced it has reached a key business growth milestone,…