EFG-Hermes loses EGP 63m during Q1 of 2016
EFG-Hermes lost a total of EGP 63.7m during the first quarter of 2016, versus profits of EGP 181.65 during the…
Financial Results
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QInvest announced net profit QAR 37 million for Q1 2016
Tamim Hamad Al-Kawari, Chief Executive Officer of QInvest, said, “2016 started with significant negative market headwinds. I am especially…
Islamic finance's strong position
When first conceptualised in the 1950s and 1960s, it was envisioned that Islamic banks would take the form of a…
Aldar Properties Q1 2016 net profit increases 15%
Aldar Properties has announced net profit of AED 654 million for the first quarter ended 31 March 2016, up 15%…
GCC bond, sukuk markets improve; IPOs weak in Q1
The GCC bond and sukuk markets have improved in Q1 2016 compared to Q4 2015 irrespective of overall activity remaining…
Qatar SWF, Access To Global Debt Markets Cushion Energy Demand Drop: BMI
Qatar’s $256bn sovereign wealth fund as well as the country’s continuing ability to tap international debt markets provide the economy…
Credit Growth Expected To Slow
For the June quarter, respondents to a UAE Central Bank survey expect marginal tightening in credit standards, while the appetite…
Dubai: Damac's Q1 2016 net profit slumps 15%
Dubai-based luxury real estate developer Damac Properties reported a drop in its net profits for the first quarter of 2016.…
Burgan Bank Group announces 2016 Q1 earnings
Burgan Bank Group announced yesterday its first quarter of financial year 2016 results. A solid underlying performance, balance sheet growth…
Batelco posts 2016 first quarter net profits of BD 9.6 Million
Batelco Group, the regional Telecommunications Group with operations across 14 countries, today announced its results for the first quarter of…
Ahli United Bank B.S.C. reports a Q1/2016 profit of US154.6 million attributable to the shareholders of the bank
Ahli United Bank B.S.C. reported a net profit attributable to its equity shareholders of US$ 154.6 million for the quarter…
Khaleeji Commercial Bank announces excellent financial results
Khaleeji Commercial Bank, one of Bahrain's leading Islamic retail banks, announced excellent financial results for the first quarter of 2016…