CBI Reports AED 36.5 Million net Profit Q1 in 2016
In Q1 2016 CBI reported a net profit of AED 36.5 million supported by growth in Wholesale Bank lending and…
Financial Results
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The Changing Face Of The Middle East
Oil prices still hover well below the $50 mark. The Organisation of the Petroleum Exporting Countries is still broken. Oil…
Abu Dhabi bank trio hurt by bad loans amid weak economy
Abu Dhabi's three largest banks reported a slide in first-quarter net profits on Wednesday, mainly the result of higher bad…
Liquidity Squeeze, Competition Up Bank's Cost of Funds
Liquidity pressures and heightened competition for local funding are likely to continue to further drive up the cost of funds…
Dubai Islamic Bank Plans $861 Million Share Issue for Expansion
Dubai Islamic Bank PJSC, the United Arab Emirates biggest bank complying with Muslim banking rules, said it plans to raise…
FGB earnings hit Dh1.33b
Abu Dhabi's lender FGB earned Dh1.33 billion in the first quarter of the year, which was effected by economic challenges.…
Qatar's Barwa Real Estate Q1 profit falls 80%
Qatar's Barwa Real Estate , one of the Gulf Arab state's largest listed developers, reported an 80 percent fall in…
NBF operating profit increases 18.5 per cent for Q1 2016
National Bank of Fujairah PJSC has announced its results for the three month period ended 31 March 2016. Operating…
The Middle East 2016 Wealth Report – Research and Markets
Research and Markets has announced the addition of the "The Middle East 2016 Wealth Report" report to their offering. …
Gulf Banks To Keep Focus On Cutting Costs, Says Report
Gulf banks are forecast to continue cutting costs and staff numbers as they adjust to tougher economic conditions, according to…
National Bank of Abu Dhabi Q1 net profit falls 10.7%
National Bank of Abu Dhabi , the emirate's largest lender by assets, on Wednesday posted a 10.7 per cent fall…
Dubai Islamic Bank Q1 net attributable profit rises 7.2 pct
Dubai Islamic Bank the United Arab Emirates' largest sharia-compliant lender, posted a 7.2 percent increase in first-quarter net profit on…