Asia Hedge Fund Industry Sees Less Launch Activity in Q3
Preqin’s quarterly update on the hedge fund industry tracks 118 hedge funds launched globally through Q3 2016. Among these, North…
Financial Results
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NBF posts Dh390.9m nine-month net profit
National Bank of Fujairah reported a net profit of Dh390.9 million for the first nine months of 2016, down 13.9…
Gulf banks feel the pinch of economic slowdown
Banks from Saudi Arabia to Dubai are feeling the pain of the Middle East’s slowdown. Many of the region’s largest…
QFB announces third quarter results
Revenue increased by 39% to QAR 491 million; Recorded Net Profit of QAR 3.4 million; Total assets increased…
World Bank reports global record of business reforms
The World Bank reported that 137 out of 190 economies surveyed carried out some type of reform to improve business…
QNB Financial Services Monthly Banking Sector Update
The loan book increased by 1.1% MoM after declining by 1.7% MoM in August 2016, gaining by 2.0% MoM in…
Israeli high-tech capital raising bucks global downturn
IVC-KPMG: Israeli high-tech companies have raised $4 billion so far this year, up 27% from the first nine months of…
Dubai Islamic Bank Q3 net profit falls 9.9 pct, meets estimates
Dubai Islamic Bank, the United Arab Emirates' largest sharia-compliant lender, on Monday posted a 9.9 percent drop in third-quarter net…
Middle Eastern M&A reached $37.4 billion during 9M 2016
According to estimates from Thomson Reuters / Freeman Consulting, Middle Eastern investment banking fees reached $580.7 million during the first…
Mergers, acquisitions in Middle East reach $37.4bn over 9 months
The value of mergers and acquisitions transactions in the Middle East reached $37.4bn during the first nine months of 2016,…
UAB’s third quarter net profit up 22 per cent to Dh88 million
United Arab Bank has reported Dh88 million net profit for the third quarter ended September 30, 2016. The performance…
Saudi housing, SME lending to drive Al Rajhi Bank's growth to 2020
Saudi Arabia’s efforts to stimulate the private sector and develop the housing market will be the main drivers of growth…