Assets of Commercial Banks in Oman Rise 7.7% to OMR28.6 Billion
The total assets of conventional commercial banks increased by 7.7 per cent to OMR28.6 billion in April 2016 from OMR26.5…
Financial Results
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What are the GCC region’s high margin industries?
Corporate earnings for Gulf Cooperation Council companies have been disappointing of late. The headwinds from plummeting oil prices have resulted…
CBB Sukuk Al-Salam securities sees slight decrease in return
The monthly issue of the Sukuk Al-Salam Islamic securities was released by the Central Bank of Bahrain. Reports show…
Dubai's biggest bank said to sign upsized $1.7bn loan
Dubai's largest bank, Emirates NBD, has taken advantage of strong support from lenders to sign a $1.7 billion three-year loan,…
High public investment underpins growth
Relatively high public investment will continue to underpin Qatari economic growth, especially in the non-hydrocarbon sector. Coupled with output…
UAE shares up as UK exit fears ease
Gulf shares rose on Tuesday as investors warmed to signs of increasing support among British voters to remain in the…
Facing slower growth, UAE bank deals may just be starting
A potential merger between two of Abu Dhabi’s biggest banks may just be the start of consolidation in the industry.…
Al Baraka Islamic Bank’s ratings affirmed with a ‘stable’ outlook
The rating is supported by AIB’s strong ownership, comfortable liquidity arising from customer deposit funding, and improvements in the capital…
Quarter of Gulf investors won’t use properties abroad
A quarter of all Gulf investors buying property overseas are targeting “buy-to-leave" homes that they don’t intend to live in…
Gulf wilts in early trade as Brexit risk saps sentiment
Stock markets in the Gulf edged down in early trade on Thursday after international bourses and oil markets slipped, partly…
Qatar banking industry maintains the highest lending growth in region
Qatar’s banking industry, whose profitability rose 1.7% year-on-yearin the first quarter of this year against a 0.7% fall in the…
NBF in push to bolster bottom line
National Bank of Fujairah is working on a number of new business opportunities to strengthen its books and profitability while…