ADIB's falling profit rounds up mixed results season for Abu Dhabi banks
Abu Dhabi Islamic Bank saw profits fall in the fourth quarter while peer Union National Bank reported a surge in…
Financial Results
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Large UAE banks post solid profitability
The five largest banks in the United Arab Emirates posted solid profitability in the fourth quarter of 2016, said a…
Emirates Investment Bank reports preliminary full year 2016 results
2016 has been a landmark year for Emirates Investment Bank, during which the validity of our market positioning strategy and…
Omani banks post 10% growth in credit at $574.bln
Oman’s financial institutions, including Islamic banks, have achieved a 10.1 per cent growth at OMR22.1 billion ($57.4 billion) by the…
Qatar- KKR fourth quarter profit quadruples
KKR & Co. said fourth-quarter profit more than quadrupled as it sold its final stake in Walgreens Boots Alliance Inc.,…
Emirates Islamic posts $26.86m profit
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, posted a net profit of Dh106 million $28.86…
Barwa Bank posts 2016 net profit of QR738.8mn
Barwa Bank has reported a net profit of QR738.8mn, while earnings-per-share rose to QR2.49 in 2016. The bank –…
Large UAE banks' post solid Q4 profitability supported by stable core income
In Q4 2016, the five largest banks in the United Arab Emirates Emirates NBD PJSC, National Bank of Abu Dhabi,…
UNB profits down 15% amid tighter liquidity
Union National Bank (UNB) reported on Tuesday Dh1.57 billion in net profit for the full year 2016, marking a 15…
Baker McKenzie law firm advised a consortium led by Arab Bank Chairman Sabih al Masri, in acquiring a 20% stake in Arab Bank Group from Oger Middle East Holdings
Baker McKenzie advised a consortium led by Arab Bank Chairman Sabih al Masri, in acquiring a 20% stake in Arab…
Al Hilal Global Sukuk Fund delivers 3.83 per cent dividend
Al Hilal Bank announced the dividend payout of its flagship fund, Al Hilal Global Sukuk Fund. The Fund, which…
Adjusting to a new environment
To examine the performance of retail banks so far, we need to first understand the economic conditions globally, as well…