Lebanon: Remittances in decline but holding steady this year
Lebanon’s economy is not in good health, as its main constituents are under pressure. The tourism and real estate sectors…
Financial Results
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'Weak deposits, credit to affect UAE banks' profitability'
Banks are forecast to face tougher times ahead, as consumers are making less cash deposits, while business and government loans…
Qatar's financial position 'will remain strong over next decade'
Qatar, whose budget will turn back to surplus in 2017, will remain in one of the strongest fiscal positions in…
UAE bank deposits fall as Brexit vote spurs withdrawals among European customers
Total bank deposits fell by Dh7 billion last month, mainly due to a drop in non-resident money, said the UAE…
Abu Dhabi's Waha Capital secures $500 mln revolving credit facility
Abu Dhabi investment firm Waha Capital WAHA.AD said on Wednesday it had secured a five-year, $500 million revolving credit facility…
KAMCO logs KD 724,000 H1 profit – Revenue jumps 58 pct to KD 3.8 million
KAMCO Investment Company today reported its financial results for the first half ended June 30, 2016. The Company recorded…
Qatari bank with largest stake in UK broker Panmure Gordon to review portfolio after Brexit vote
Qatari investment bank QInvest, the largest shareholder in UK-based stockbroker Panmure Gordon, will be “carefully reviewing and stress-testing” its portfolio…
Qatar auctions $825M in first domestic government bond this year
Qatar's central bank has hailed the auction three billion riyal in government bonds as a success, Reuters reports. "It…
Global reports KWD5.8 million fee revenues and KWD895 thousand net profit in H1 2016
Global announced its financial results for the first half ended 30 June 2016 reporting fee revenues of KWD5.8 million and…
Gulf markets diverge; Egypt settles at 14-month high
Stock markets in Dubai and Egypt climbed to multi-month highs yesterday but Saudi Arabia was dragged lower by banking shares…
GIB reports $41.7 million first half profit
Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of $41.7 million for the six months ended 30th…
Shuaa Capital losses lead to ‘rigorous cost controls’ and cuts Dania Saadi
Shuaa Capital plans to cut further costs after swinging to a loss in the second quarter, as it earmarked Dh56.9…