UAE banking sector growth expected to remain soft in 2016
The UAE’s banking sector earnings are expected to soften further in the second quarter as many banks are likely to…
Financial Results
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NBK posts KD 150.6mn net profit in H1 2016
National Bank of Kuwait reported net profits of KD 150.6 million for the period of 1H 2016 compared to KD…
Saudi's Riyad Bank beats forecasts with 1.6 pct Q2 net profit rise
Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 1.6 percent rise in second-quarter net profit on Sunday, beating…
UAE's Union National Bank Q2 profit slides 17.3 pct, beats estimates
Union National Bank, 50 percent owned by the Abu Dhabi government, on Thursday posted a 17.3 percent drop in second-quarter…
Commercial Bank of Dubai Q2 profit falls 22 per cent
Commercial Bank of Dubai said its second quarter profit fell 22 per cent, weighed down by rising levels of bad…
Oman’s Bank Muscat Q2 net profit edges higher, lifts sector
Oman’s largest lender Bank Muscat posted a slight increase in second-quarter net profit on Wednesday, helped by a rise in…
QNB Group report net profit of QAR 6.2 billion for H1
For the first half of 2016, Net Profit reached QAR 6.2 billion, up by 12 per cent compared to last…
Oman's Bank Muscat beats estimates with marginal Q2 net profit rise
Bank Muscat, Oman's largest lender, beat the average forecast of analysts on Wednesday as it posted a marginal increase in…
Finansbank acquisition helps lift quarterly profits at Qatar National Bank
The Gulf's largest lender, Qatar National Bank, reported a 16 percent rise in second-quarter net profit on Tuesday, broadly in…
Qatar investment spending to fuel GDP growth, says QNB
Qatar’s real GDP growth is expected to grow from 3.3 percent in 2016 to 4.2 percent by 2018, as the…
NBO offers tap at 23bp NIP
Books for the increase are over $300m, including joint lead manager interest. Crédit Agricole and National Bank of Abu Dhabi…
Banque Saudi Fransi posts 3.2 pct rise in Q2 profit
Banque Saudi Fransi, a lender part-owned by Credit Agricole, posted a 3.2 percent rise in its second-quarter net profit on…