NBAD reports AED2bn trading since merger
A total of AED2 billion ($544 million) worth of transactions were conducted via National Bank of Abu Dhabi’s share since…
Financial Results
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Emirates Islamic announces Q1 results
Emirates Islamic announced increased profit rates of up to 2.25 per cent on its Investment Term Deposits, up by 25…
Cairo Amman Bank Q1 profit falls
* Q1 net profit attributable to shareholders 6.7 million dinars versus 9 million dinars year ago * Q1 net…
Dubai National Insurance and Reinsurance Q1 profit falls
* Q1 net profit 20 million dirhams versus 23.3 million dirhams year ago * Q1 gross premiums 85.3 million…
Bank Muscat’s Meethaq Islamic finance receivables increase to OMR902m
Bank Muscat’s Meethaq Islamic financing receivables rose to OMR902 million, as of March 31, 2017, compared with the OMR665 million…
Bank ABC Group profit up 22pc to $50m
Bank ABC announced that its consolidated group net profit attributable to the shareholders of the parent for the first quarter…
Saudi-based IDB to provide $453 mln of funding across region
The Islamic Development Bank has agreed $453.3 million in financing deals across the Middle East and Africa, including $200 million…
JPMorgan to add bankers in Saudi Arabia to reflect market growth
JPMorgan will increase the number of bankers it has in Saudi Arabia to around 80 by the end of the…
Sico Q1 net profit soars to $3.34 million
Bahrain-based Securities & investment Company (Sico), a leading conventional wholesale bank, has posted a net profit of BD1.32 million ($3.34…
UAE developer Aldar's Q1 net profit falls, beats forecasts
Aldar Properties , the builder of Abu Dhabi's Formula One circuit, reported a small drop in first quarter profit on…
Warba Bank net profit rises 298% to KD 1.3m
Warba Bank, Kuwait’s best investment bank and corporate consultancy institute that operates according to the Islamic sharia, announced achieving excellent…
Omani banks allowed to consider one per cent of non-funded credit for SME funding
Omani commercial banks can consider their non-funded credit to the extent of 1 per cent as part of the compulsory…