Qatar First Bank records net loss for FY2016
Despite the write-down of the investment book, the bank’s total assets did not decline and closed at almost QAR 6…
Financial Results
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Investments in renewable energy in MEA reach $8.7b
Investments in the renewable energy sector picked up in 2016 across the Middle East and Africa, with greenfield transactions attracting…
Oman- Commercial banks plan to boost capital
The commercial banks listed on the Muscat Securities Market plan to increase share capitals this year to enhance their financial…
Boubyan Bank posts KD 41 mln in '16 profits
Boubyan Bank achieved net profit growth rate of 17 percent, recording a net profit of KD 41 Million for the…
Saudi's Bank AlJazira proposes 30 pct capital increase
Bank AlJazira , one of the kingdom's smaller banks, plans to raise its capital by 30 percent through a bonus…
Credit Agricole picks JPMorgan for Banque Saudi Fransi sale
French bank Credit Agricole has picked JPMorgan to advise it on a potential sale of its 31 percent stake in…
Gulf Bank concludes Annual General Meeting
Gulf Bank concluded its Annual General Meeting at the Jumeriah Messilah Hotel Kuwait yesterday. Shareholders approved the Bank’s audited…
Gulf Bank records a profit of KD 43 million
Gulf Bank concluded its Annual General Meeting at the Jumeriah Messilah Hotel Kuwait yesterday. Shareholders approved the Bank’s audited…
Canaccord Genuity looks to expand business in Middle East, India
Canadian financial services group Canaccord Genuity's aims to double the contributions to its investment banking business from the Middle East…
Emaar Properties might still see more downside
Emaar Properties may remain under pressure for a few more sessions, which might weigh on the Dubai index. Fund…
Doha Bank set to raise capital by 20% through a rights issue
Doha Bank's extraordinary general meeting has approved the board's proposal to 'raise capital by 20% up to QR3.1bn from QR2.58bn…
Kuwait’s Warba Bank sets initial price guidance for dollar sukuk
Kuwait’s Warba Bank has set initial price guidance in the high 6 per cent area for its planned US dollar-denominated…