Al Khalij posts net profit of QAR 427 million for 2016
His Excellency said, “In 2016, we retained our strong market position while developing the necessary safeguards to ensure our shareholders…
Financial Results
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UAE lenders NBAD, FGB post financial position of merged entity
The National Bank of Abu Dhabi and First Gulf Bank on Monday posted preliminary figures on the financial position of…
Diversification key to Qatar-S Korea alliances
New avenues on diversification in the GCC could lead to more strategic alliances between Qatar and South Korea, Doha Bank…
UAE Central Bank announces banking developments
The UAE Central Bank has announced that the money supply aggregate, M1 currency in circulation outside banks and monetary deposits…
Emirates NBD clears 40% cash dividend
The annual general meeting of Emirates NBD, a leading bank in the region, on Sunday approved the distribution of 40…
National Takaful swings to net profit in 2016
Watania or National Takaful said on Thursday it swung into net profit even as revenues declined. Net profit came…
Solid profitability seen for top UAE banks
The five large United Arab Emirates banks' core profitability is expected to remain solid over the next 12-18 months, according…
Bank of Palestine Announces net profit of $53.05 million for FY 2016
The bank’s net profit reached $53,055,980 achieving a 22.91 per cent increase in comparison with $43,167,433 in 2015. The…
Al Salam Bank-Bahrain reports 81 per cent jump in income for 2016
Earnings per share rose to 7.6 fils for 2016 from 5.8 fils a year earlier. The bank reported net…
Jordan Islamic Bank announces 2016 results
By the end of 2016, Jordan Islamic Bank a subsidiary of Al Baraka Banking Group achieved profits before tax in…
Dar Al Takaful swings to net profit in 2016
Dar Al Takaful said on Tuesday it swung into net profit in 2016. The insurance company said it reported a…
Union National Bank’s fourth-quarter profit rises 29%, missing forecasts
Union National Bank said its fourth quarter profit increased by 29 per cent as money set aside to cover bad…