Financial Results

Financial Results

Dubai Investments' 2022 profit soars to Dh1.6b helped by stake sale in Emirates District Cooling

February 8, 2023

Dubai Investments, the company behind industrial parks and upscale resort projects, has seen its 2022 net profit zoom to Dh1.6…

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Financial Results

ABK announces net profit growth of 19% in 2022

February 6, 2023

Al Ahli Bank of Kuwait  reported a net profit of KD 32.3 million in the financial year 2022. The increase…

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Comment & Analysis

GCC banks' lending growth likely to decline: S&P

February 2, 2023

Tighter local monetary policy conditions and lower economic growth will lead to a decline in lending growth for Gulf Cooperation…

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Financial Results

Active contribution to Vision 2030 objectives, Abdullah Al Rajhi Leads alrajhi bank to Record 2022 Profits of SAR 17,151 Million, Up 16%

January 30, 2023

Mr. Abdullah bin Sulaiman alrajhi, Chairman of the Board of Directors, announced that the Bank earned SAR 17,151 million in…

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Financial Results

UAE's biggest bank FAB’s Q4 net profit falls 26%; misses estimate

January 26, 2023

The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q4 2022 net profit of 2.46 billion dirhams ($…

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Financial Results

Emirates NBD 2022 profits up 40% by $3.54bln

January 26, 2023

Emirates NBD saw its profits rise by 40% in 2022 to reach AED 13 billion ($3.54 billion) after an “exceptionally…

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Financial Results

QIB profit grows by 12.7% to reach QAR 4,005mln in 2022

January 17, 2023

Qatar Islamic Bank  has announced the financial results of the fiscal year 2022, ending 31st of December. Net profit attributable…

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Financial Results

AXA Egypt targets 30% growth rate in premium portfolio in FY 2022/23

January 16, 2023

AXA Egypt is targeting achieving a growth rate of 30% in its premium portfolio for fiscal year (FY) 2022/2023, according…

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Financial Results

CBI negotiations with Qatar, UAE expected to bear positive results: expert

January 16, 2023

Economic Expert and University Professor Vahid Shaqaqi, who was among the scholars accompanying the governor of the Central Bank of…

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Financial Results

Foreign funds’ net selling drags QSE 41 points; but Islamic stocks outperform

January 13, 2023

The Qatar Stock Exchange  on Tuesday saw more than 61% of the traded constituents make gains, yet it settled in…

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Financial Results

Egyptian T-bill sales surge after latest currency depreciation

January 13, 2023

Sales of Egyptian 182-day treasury bills surged to 51.85 billion Egyptian pounds ($1.75 billion) at an auction on Thursday from…

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Financial Results

Qatar National Bank profit up 9% to $3.9bn

January 12, 2023

Qatar National Bank profits climbed significantly on the previous year, it says.   The Qatar lender said net profit before…

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