Dubai Islamic Bank 2016 net profit rises 6%
Dubai Islamic Bank said on Wednesday its 2016 net profit rose 6 per cent, even as impairment losses declined. …
Financial Results
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Kuwait's credit growth stands at 4.4 pct in Nov.
Credit growth slowed once again in November, as outstanding debt saw another decline during the month, a reported by the…
Revealed: The Fastest Growing Companies in the Middle East; 90% From Saudi Arabia and Qatar
A landmark report released today by research group Marmore MENA Intelligence profiles 15 of the fastest growing listed companies in…
Alawwal Bank reports 66 per cent rise in impairment charges and expenses
The bank reported a loss for Q4 2016 of SAR 249.34 million. Earnings per share were SAR 0.93, down from…
Banque Saudi Fransi annual net profits down 13 per cent
Profits for Q4 2015 were down 60.63 per cent at SAR 374 million. Earnings per share were SAR 2.91, down…
Saudi British Bank turns in 10 per cent drop in annual profits
Profits for Q4 2016 slumped by 35.36 per cent to SAR 607 million. Earnings per share were SAR 2.6, down…
UAE bank deposits up by Dh42b
Total bank deposits in the UAE increased by Dh41.7 billion in December 2016 due to a Dh25.9 billion increase in…
Qatar's Doha Bank Q4 net profit falls 85 pct
Doha Bank, Qatar's fifth-largest lender by assets, reported a 84.8 percent decline in fourth-quarter net profit on Sunday, according to…
NBAD sees Dubai, Abu Dhabi residential market bottoming
The residential real estate market of Dubai and Abu Dhabi may have bottomed out due to limited changes in capital…
Doha Bank recommends the distribution of 30 per cent of the paid-up capital as a cash dividend to the shareholders for the year 2016
His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, announced that…
QIB Profit grows by 10.3 per cent to reach QAR 2,155 Million in 2016
This marks a 10.3 per cent increase in profits year-over-year. Basic earnings per share reached QAR 8.55 compared to…
Sukuk issuance in core markets rose by 26 per cent in 2016
This represented 28.5 per cent of total bond and Sukuk issuance in these markets in 2016, down marginally from 29…