Kuwait Fund Touts $150 Billion Profit as It Explains Areva Flop
Kuwait Investment Authority, the world’s fourth-largest sovereign wealth fund, said it earned a net income of 45.2 billion dinars ($150…
Financial Results
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Abu Dhabi Securities Exchange net foreign investments $7million in July 2017
Foreign investors’ purchases in July 2017 reached AED1.391 billion at Abu Dhabi Securities Exchange, ADX, accounting for 42.5 percent of…
Alizz Islamic bank achieves better performance
Alizz Islamic Bank has announced its second quarter results for 2017. The growth of the numbers is in line…
Al Baraka Banking Group net income Q2 2017 increases 19%
The Bahrain based leading Islamic banking multinational, Al Baraka Banking Group B.S.C, reported a significant improvement in its profitability indicators…
Aldar’s first half net profit down 3.8%
Aldar Properties posted a 3.8 per cent decrease in net profit for the first half of 2017 when compared to…
Saudi business conditions improved last month
Growth in Saudi Arabia’s non-oil private sector picked up at the start of the third quarter on the back of…
Dubai Investments reports rising rent income despite profit decline
Dubai Investments said second-quarter profit fell 12 percent to 191 million dirhams ($52 million) as it plows ahead with a…
In Abu Dhabi, smaller the flat, bigger the returns
It's common knowledge that close to 50 per cent of Abu Dhabi's gross domestic product is reliant on the oil…
Turkey: Banking sector's net profit up over 30 percent
Turkey’s banking sector made 25.35 billion Turkish liras ($7.24 billion) net profit between January and June this year, according to…
Dubai developer Nakheel targets growth in recurring revenue
Property developer Nakheel wants recurring income to increase to more than 50 percent of all revenue by 2021 as it…
Al Ahlia Insurance posts better half-yearly results; issue to close on August 2
Al Ahlia Insurance declared its unaudited interim results for the first six months of 2017, recording a growth of 14.5…
A subdued growth
An investment banking analysis of the Middle East market in the first half of 2017, conducted by Thomson Reuters have…