United Gulf Bank posts H1 results
UGB’s net profit attributable to shareholders of the parent increased by 18 per cent to $1.4 million for the second…
Financial Results
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Middle East firms face weakening working capital performance
Working capital performance remains a challenge for companies in the Middle East with working capital metrics weakening each quarter from…
Most Middle East markets up, Qatar index sinks 1.2%
Most Middle Eastern stock markets rose on Wednesday, with Egypt ending a six-day losing streak, but trading volumes were thin…
Gold prices in Dubai fall by more than Dh1 per gram
Jewellery gold rates in Dubai plunged on Tuesday, providing buyers a momentary relief from soaring prices. The price of 24K…
DIFC Courts’ half-year performance underscores global judicial standing
Dubai’s DIFC Courts witnessed sustained growth in the first six months of 2017, with the English-language, common law judiciary continuing…
Region's economic diversification gives way to resurgence of wealth managers
Private bankers are making a beeline to Saudi Arabia, beefing up their presence following the tanking of oil prices, the…
Deposits in UAE banks surge to $120bn in H1
Short-term deposits in UAE banks increased by AED27.9 billion during H1, bringing to AED439.7 billion the total value of short-term…
Dubai's Union Properties reports $624 mln loss
Shares in Dubai-based real estate developer Union Properties plunged on Tuesday after it said provisions taken to cover accounting errors…
Ithmaar Bank sustains profits in first half ’17
ITHMAAR Bank B.S.C., a Bahrain-based Islamic retail bank and a wholly-owned subsidiary of Ithmaar Holding, reported Sunday a net profit…
GFH profit jumps fivefold to $62m in first half
GFH Financial Group reported on Sunday $62.1 million (Dh227.9 million) in net profit attributable to shareholders for the first half…
Top Saudi banks to protect profitability amid challenges
Saudi Arabia’s big-5 banks could face further profitability pressures as government tightens spending, however these banks will largely protect their…
Missing analysts' estimates Damac reports 21 per cent plunge in second quarter profit
Damac Properties, the Dubai-based real estate developer and business partner of US President Donald Trump in the emirate, said second…