Successful start-ups help QBIC generate QR6mn revenue
The Qatar Business Incubation Centre has generated nearly QR6mn in revenue from the QR1.9mn it has invested in “successful applicants,”…
Financial Results
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Al Salam Bank-Bahrain reports H1 net profit down seven per cent
Al Salam Bank-Bahrain reported H1 net profit of BHD 8.38 million, down 7.2 per cent from BHD 9.034 million a…
Ominvest Posts Group Net Profit of RO17MN
Oman International Development and Investment Co reported a group net profit of RO17.3mn for the six-month period ended June 30,…
Dubai Islamic Bank keeps up to guidance and expectations despite tough operating conditions
Dubai Islamic Bank is one of the few UAE banks that continue to report strong profits despite the squeeze on…
Abu Dhabi National Takaful Co. announces net profit up 70 per cent for H1 2016
The company announced a net profit of AED 30.3 Million for the period ended 30th of June 2016, compared to…
Bahrain's Al Baraka Banking Group Q2 net profit dips 2.8 pct
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced that its achieved a noticeable increase in…
UAE recorded with highest percentage of millionaires in the Gulf
According to Spear’s Magazine and leading wealth consultancy company WealthInsight, the United Arab Emirates is the leading country in the…
Abu Dhabi and Dubai markets up in early trade
Arabian Gulf stocks rose, led by indexes in Dubai and Saudi Arabia, tracking gains across emerging markets as Brent crude…
Dubai Islamic Bank keeps up to guidance and expectations despite tough operating conditions
Dubai Islamic Bank is one of the few UAE banks that continue to report strong profits despite the squeeze on…
KHCB reports BD 4.22 m net profit in first half
Khaleeji Commercial Bank, one of Bahrain’s leading Islamic retail banks, continued to show strong performance in the first half of…
Bahrain’s Al Baraka Banking Group Q2 net profit dips 2.8 per cent
Bahraini Islamic lender Al Baraka Banking Group reported a 2.8 percent dip in second-quarter net profit on Sunday. The…
Slowing credit growth and interest margins takes toll on bank profits
The first half results of the UAE banks have reinforced the view that the asset growth, profitability, liquidity and credit…