ADIB shareholders agree 24.52pc dividend
Shareholders of Abu Dhabi Islamic Bank have approved the distribution of 24.52 per cent cash dividends for 2016 at the…
Financial Results
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Global reports KWD14.7 million revenues, KWD3.5 million net profit in 2016
Global Investment House has announced its financial results for the year ended 31 December 2016 reporting a net profit of…
Gulf Arab bank profits fall
Profits in GCC banks have declined by 3.2 per cent for the first time since 2008, with the revenue figure…
HSBC's Turkey Unit Sees Return to Profit After Restructuring
HSBC Holdings Plc’s Turkish unit is aiming to post a profit this year after the parent company scrapped plans for…
Bank Hapoalim Announces 2016 Financial Results
Net Profit totaled NIS 2,628 million with ROE of 7.7% Excluding exceptional items, Net Profit would have totaled NIS 3,427 million…
GCC Banks’ revenue growth rate dived to low single-digit and profits shrunk in 2016
The impact of the decline in oil prices has hit the banking industry. Due to a severe increase in…
Discount Bank 2016 profit up 21% to NIS 961m
Israel Discount Bank reported a net profit of NIS 905 million for 2016 today, 21% more than in 2015. …
QSE edges lower as Gulf institutions book profit
The Qatar Stock Exchange opened the week weak and its key index fell 32 points as Gulf institutions were increasingly…
EFG Hermes reports net profits of EGP 1.6 billion for FY2016
Robust top- and bottom-line growth were driven by prudent balance sheet management, a growing contribution from its new non-bank financial…
Bank Nizwa reports first net profit since inception
Reflecting Islamic finance’s continued surge in popularity in Oman, Bank Nizwa reported its first net profit since its inception in…
1MDB-hit UAE-owned Swiss bank Falcon posts $130mln loss for 2016
Falcon Private Bank, one of the Swiss banks ensnared in the Malaysian corruption scandal surrounding the troubled 1MDB fund, lost…
UAE’s first Wealth Sentiment Index reflects rise in business optimism levels
The UAE’s first Wealth Sentiment Index, launched by First Gulf Bank, rose by 0.4 percent to 1,024.61 in March from…