Gulf narrowly mixed in quiet trade; Saudi banks firm
Gulf stock markets were narrowly mixed in quiet, early trade on Monday although Saudi Arabian banks rose after a couple…
Financial Results
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Emirates Islamic reports Dh137m first half net profit
Emirates Islamic has reported a net profit of Dh137 million for the first half of 2016. For the second…
Record results highlight Qatari potential
Despite having proved its resilience, particularly after the 2008 crisis, and being expected to grow 17% annually, Islamic finance is…
Emirates Islamic Announces H1 2016 Results
Emirates Islamic has delivered strong results for the period ending June 30, 2016. Results Highlights: · Net profit…
Mideast Stocks-Gulf may have firm tone; bank earnings are mixed
Gulf stock markets may trade with a moderately firm tone on Monday, extending the previous day's rises, with investors' attention…
Emirates NBD says reduced impairments helped lift profit in first half of the year
Emirates NBD announced quarterly profit ahead of analyst forecasts, rising 16 per cent year-on-year for the three months to the…
UAB Reports Dh71m First Half 2016 Net Profit
United Arab Bank on Monday reported a net profit of Dh71 million for the first half of 2016, versus a…
Slower lending takes toll on Union National Bank
The Abu Dhabi lender Union National Bank said its second-quarter net income declined by 17 per cent as the economic…
UAE Business Credit Growth Slowed In Q2, Says Central Bank
UAE banks were less willing to extend loans to corporations and small businesses during the second quarter of the year…
Abu Dhabi Islamic Bank holds the line as profit rises slightly
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, said that its second quarter profit gained 1 per…
National Bank Of Oman Posts Flat Q2 Net Profit
National Bank of Oman , the sultanate's third-largest lender by assets, beat analysts' expectations on Thursday despite posting flat growth…
NCB's net income reached SR 5,068 million for first half of 2016, an increase of 2% over first half of last year
The National Commercial Bank announced that net income for the first half 2016 reached SR 5,068 million compared to SR…