Commercial Bank of Kuwait sees 82 per cent net profit decline
The Bank’s net profit after allocation of provisions was KWD 2 million, compared to KWD 11.5 million for the same…
Financial Results
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Ahli United Bank (Kuwait) achieves KWD 26.5 million net profit for first half of 2017
The Bank’s net operating profit grew by five per cent amounting to KWD 39 million during the first half, up…
Dubai Financial Market resumes uptrend
Driven by gains held by the banking and investment sectors as well as some property companies, the Dubai Financial Market…
UAE Central Bank posts sharp rise in foreign currency supply
The UAE Central Bank on Sunday said its total assets have increased by 10.8 per cent to Dh391.96 billion in…
Business confidence falls across the Middle East
Business confidence across the Middle East has fallen sharply in the last quarter and is now at its lowest level…
Burgan Bank announces 2017 first half earnings – Group reports net income of KD 38.9 million
Burgan Bank Group announced today its first half earnings of financial year 2017. The selective and prudent growth approach…
National Bank of Bahrain reports net profit of BHD 31.74 million
During the 1st half of 2017, the Bank achieved an Operating Profit of BHD 38.01 million ($101.09 million), an increase…
Dubai sovereign wealth fund sees profit drop 21%
Investment Corporation of Dubai, the emirate’s sovereign wealth fund with holdings in strategic companies such as Emirates airline and Emirates…
Major UAE Banks Post Strong First-Half Financial Results: Details
Leading Dubai banks such as Emirates NBD, Emirates Islamic and Dubai Islamic Bank posted their first-half results on Wednesday, reporting…
Assets of 13 listed UAE banks surge to $383billion in H1 2017
The assets of 13 UAE banks have surged to AED1.41 trillion by the end of the H1 2017, a growth…
UAE leads Arab world in FDI
GCC states led the Arab world in terms of foreign direct investment inflows during 2016. A report issued by…
Al-Ahli Bank of Kuwait reports KD 16 mln profits in first half of '17
Al-Ahli Bank of Kuwait on Monday reported 7.7 percent growth in net profits, worth KD 16.2 million (USD 52 million),…