QNB net profit grows by 11% to QR9.7bn
QNB Group, the region’s largest lender, reported a net profit of QR9.7bn ($2.7bn) for the nine months ended September 2016,…
Financial Results
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Bank Leumi CEO Sees Dividend Reinstated After Five Year Drought
Bank Leumi Le-Israel Ltd. expects to end its five-year dividend drought in early 2017 as it’s “very close” to clearing…
Qatar's investment in troubled Deutsche Bank 'drops by billions'
The value of Qatar’s shares in Deutsche Bank has dropped by at least $1.3 billion from what it paid for…
Q1 remittance falls by 18pc
Remittance flow into the country dropped nearly 18 per cent to US$3.23 billion in the first quarter of the current…
The NBAD-FGB union cannot be a one-off
Calls for mergers in the UAE’s banking sector have long been made given the existence of a relatively large number…
Mideast Stocks-Saudi Arabia, Qatar move little in thin trade
Stock markets in Saudi Arabia and Qatar moved little in thin trade early on Sunday with most bourses in the…
Unstable performance of KSE indices last week
Indices of Kuwait Stock Exchange kept an unstable performance during the last week of Q3 2016, with no attempts to…
GCC insurance sector reaches $24b
The GCC insurance industry has more than tripled between 2006 and 2015, with insurance premiums increasing to $24 billion as…
Qatar's banking sector shows resilience
The country’s banks accounted for almost half of the QR22bn in net profits generated by the companies listed on the…
Islamic banks in Sultanate post 53% growth in finance
Oman’s Islamic banks and window operations have shown a robust year-on-year growth of 53.09 per cent or OMR744.3 million in…
Saudi bank shares rally on SAMA’s monetary action
Saudi banking shares rallied on Monday after the central bank said it would deposit about SR20 billion at commercial lenders…
Saudi banks' liquidity positions resilient
Large Saudi banks continue to report liquidity coverage ratios above 100 percent despite a 30 percent outflow of government-related deposits…