Investcorp set to invest $1bln in GCC real estate over next five years
Investcorp has announced that it is planning to invest up to $1 billion in the real estate market in the…
Financial Results
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Egyptian pound sees largest single-day fall since IMF deal
The Egyptian pound tumbled in its largest single-day slide since the government agreed to a $3 billion International Monetary Fund…
Corporate Banking Importance Highlighted in ADL Report
Arthur D. Little has published a new Viewpoint exploring challenges and opportunities that illustrate the lasting and even increasing importance…
Saudi inflation up 3% year-on-year: GASTAT
A rise in food and drink costs helped push Saudi Arabia’s annual inflation rate up by 3 percent in October,…
UAE, Saudi spur GCC retail sales surge to $297 billion
Powered by a buoyant retail sector in the UAE and Saudi Arabia, retail sales across the GCC will jump 15.7…
Abu Dhabi-based IHC reports 236 per cent rise in profit for first nine months
International Holding Company has reported that its profits surged by 236 per cent for the nine-month period ending September 30…
e& reports consolidated net profit of $680mln for Q3 2022, up 1.9%
e& (formerly known as Etisalat Group) has announced its financial results for Q3 2022, reporting consolidated revenues of AED 13.0…
Saudi Aramco makes second highest profit on surging oil prices
Saudi Aramco reported its second-highest earnings as a listed company, as it continued to benefit from this year’s surge in…
World Bank expects UAE's real GDP to grow by 5.9% in 2022
The World Bank has hailed the UAE's "favourable business environment and world-class infrastructure", expecting the country's real GDP to grow…
Waha Capital more than triples Q3 profit despite global macroeconomic headwinds
Waha Capital, which counts Mubadala Investment Company among its shareholders, more than tripled its third-quarter profit as both its public…
Capital Bank’s profits hit JD 80mln by the third quarter of 2022, a 52% increase
Capital Bank Group announced JD80 million in net profits at the end of September 2022, compared with JD52.7 million during…
BBK discloses its financial results for the period ended 30th September 2022
BBK (trading code BBKB.BH) announce its financial results for the nine months ended 30th September 2022, including the third quarter…