Middle East Stocks Mixed, Qatar and Saudi Arabia Weighed by Disappointing Corporate Results
MidEast shares were mixed, with Qatar and Saudi Arabia weighed by disappointing earnings. Egypt was pressured by a drop in…
Financial Results
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Ahlibank earns net profit of QR332.7mn in 1st half
Ahlibank has earned a net profit of QR332.7mn during the first half of this year, “maintaining its underlying performance” against…
World economic downturn spares Middle East and North Africa for now
In the International Monetary Fund’s monthly World Economic Outlook, the global growth forecast for 2016 was cut down to 3.1%,…
Al Anwar Holdings Q1 net profit up 63% to R04.3MN
Al Anwar Holdings Co reported a group net profit of RO4.27mn for the three months ended June 30, 2016, a…
NBB half year profits increase by 6.9%
The Bank recorded a Net Profit of BD 31.72 million for the six months ended 30 June 2016 compared to…
Saudi bank Samba’s Q2 net profit slips 1.4%, but meets forecasts
Samba Financial Group, Saudi Arabia’s third-largest bank by assets, reported a 1.4 per cent drop in second-quarter net profit on…
GCC debt market seen staying steady
GCC debt markets saw little volatility in yields in the second quarter of 2016 , even as issuance picked up…
Saudi Hollandi Bank reports flat Q2 net profit
Saudi Hollandi Bank, the kingdom's oldest lender, reported flat net profit in the second quarter as higher operating income was…
QIIB’s total assets grow by 9.8% to QR42.3bn
QIIB, one of the leading Islamic lenders in Qatar, recorded a net profit of QR443m for the first half of…
Qatar's CBQ posts big drop in Q2 net profit
Commercial Bank of Qatar posted a 62.9 percent slump in its second-quarter net attributable profit on Tuesday, missing analysts' forecasts…
ADCB profit up 10% to Dh1.12b in Q2
Rise in non-interest income driven from fees and trading income helped soar Abu Dhabi Commercial Bank's net profit in the…
Anadolu Industry Holding To Sell Stake in Alternatif Bank
Turkey's Anadolu Industry Holding, an affiliate of Yazicilar Holding, has decided to sell its 25 per cent stake in lender…