Bank Muscat net profit up 1.1% to RO44mn
Bank Muscat posted a net profit of RO43.8mn for the first quarter ended March 31, 2016 compared with RO43.3mn reported…
Financial Results
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ValuStrat issue Q1 2016 Dubai Real Estate Market Report
The first quarter 2016 real estate review issued by leading local consulting firm ValuStrat -has shown that after a nine…
Nbk reports net profits of KD 78.9 million for 1Q 2016
Net profit growth of 6.7% after adjusting for exceptional gains from the sale of IBQ stake in 1Q 2015 …
Saudi's Arab National Bank Q1 profit beats forecasts despite 2.8 pct dip
Arab National Bank, Saudi Arabia's seventh-largest lender by assets, reported a 2.8 percent fall in first-quarter profit on Sunday, but…
Bahrain non-oil sector expands by 3.9% in 2015
Bahrain's non-oil growth reached 3.9% in 2015 according to the latest Bahrain Economic Quarterly issued by the Economic Development Board,…
Where 14% yield in a world of negative rates isn’t enough
In a world of negative rates and meagre returns, Egypt is finding beggars are still choosers when it comes to…
QIB posts 23% jump in Q1 profit to QR429mn
Qatar Islamic Bank has posted a first-quarter net profit of QR429mn, up 23% on the same period in 2015. The…
Surging confidence across different sectors to boost FDI into UAE: Al Mal Capital
The current market condition offers unmatched opportunities for the UAE’s economy, which remains the number one market in the region…
National Bank of Oman Q1 net profit rises 10 pct
National Bank of Oman, the sultanate's third-largest lender by assets, posted a 10-percent rise in first-quarter net profit, according to…
Tadawul boosted by strong banking results
Banque Saudi Fransi jumped 6.7 percent to SR27.00 after it reported a 2.7 percent increase in first-quarter net profit to…
The Making of a Perfect Storm for GCC Sukuk
At the start of the year, plentiful liquidity at GCC banks had driven deposit and interbank rates to excessive lows,…
SABB First Quarter Profit Increase to SAR 1,142 Million
The Saudi British Bank recorded a net profit of SAR 1,142 million for the quarter ended 31 March 2016. …