Better HR 'can help employ more Saudis in private sector'
Saudi Arabia's private sector will need to employ 2.5 million more Saudis than are currently employed in the sector to…
Financial Results
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Abu Dhabi's Aldar Properties Q2 net profit up 9.7 pct
Aldar Properties, the state-linked builder of Abu Dhabi's Formula One circuit, reported a 9.7 percent rise in second-quarter net profit…
IPOs muted as volatility weighs on investors
The GCC’s IPO performance in the second quarter remained low as oil prices and global economic volatility, regional political unrest…
Kuwait's Burgan Bank says Q2 net profit falls by 14%
Burgan Bank, Kuwait's third-largest lender by assets, reported a 14 percent fall in second-quarter net profit on Tuesday. A…
GCC bonds & Sukuk market gets a new life in Q2
The GCC bond and Sukuk market demonstrated improved activity in Q2 2016 especially on the sovereign front as the market…
Qatar’s real estate price index witnesses steady decline in Q2
Qatar’s real estate prices have witnessed a steady decline during the second quarter of 2016 compared to the previous quarter,…
Alizz Islamic Bank fares well in second quarter
Alizz Islamic Bank said that its financing portfolio reached OMR 247.7 million in the second quarter, registering a growth of…
Bank Nizwa reports 57% increase in revenues during Q2 2016
The Board of Bank Nizwa reported a 57% rise in its total revenues compared to same period in 2015, while…
Emaar Properties records 12% growth in net profit to AED 2.475 billion in first half 2016
Revenue for the first six months of 2016 is AED 7.257 billion, 11% higher than same period in 2015 …
CBI reports AED 68.7 million net profit in H1 2016
Commercial Bank International announces its financial results for the six months ended 30th June 2016. H1 2016 Financial Highlights: …
Saudi banks’ first half results point to increasing pressure on profitability
First half results of Saudi Arabia’s banks showed increasing pressure on their profitability, reflecting rising funding costs and tightening liquidity…
Jordan's Housing Bank H1 net profit up 8 pct
Jordan's Housing Bank for Trade and Finance posted an 8 percent rise in first-half net profits to 66.4 million dinars…