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…
Financial Results
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Saudi's National Commercial Bank Q4 net profit up 7.5 pct
Saudi Arabia's National Commercial Bank, the kingdom's largest lender, reported a 7.5 percent rise in fourth-quarter net profit on Wednesday.…
Investment funds achieve moderate performance in 2016
While interest rates were stable over the first 10 months of 2016 at 12.5%—and significantly increased after the Egyptian pound’s…
Middle Eastern Debt issuance reached $77.8 billion in 2016
Middle Eastern investment banking fees reached $820.8 million during 2016, an 18 per cent increase compared to fees recorded during…
Masraf Al Rayan profit rises to QR2.08bn
Masraf Al Rayan, has delivered a net profit of QR2.08bn for the year ended December 31, 2016. The Board…
Bank AlJazira profits drop by almost a third
Profits for Q4 2016 were down 4.4 per cent on a year ago to SAR 152 million. Earnings per share…
Bank Albilad 2016 profits up 2.45 per cent
Full year profits for 2016 were up 2.45 per cent at SAR 807.7 million. Earnings per share rose from SAR…
Banks likely to report modest growth in assets and profitability
The first three quarters of 2016 saw the UAE banks reporting a general decline in earnings growth driven by rising…
Bank Muscat’s net profit edges up to OMR177m
Bank Muscat, the leading financial institution in the Sultanate, posted a net profit of OMR176.56 million for 2016 compared to…
Oman's Bank Muscat Q4 profit up 1.3 pct, in line with estimates
Bank Muscat, Oman's largest lender, posted a 1.3 percent increase in fourth-quarter net profit on Sunday, according to Reuters calculations,…
Qatar National Bank Q4 net profit up 8.3 pct
Qatar National Bank, the Gulf's largest lender, reported a 8.3 percent increase in fourth-quarter net profit, according to Reuters calculations…
GCC banks set for hectic fund-raising
According to the International Monetary Fund's October 2016 outlook, in 2017, the economy of Saudi Arabia is expected to grow…