AUB acquires 40 percent shares of MEFIC Capital
Ahli United Bank Group, a pan GCC banking group, has obtained the necessary regulatory clearances to acquire 40 percent shares…
Financial Results
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FGB announces 100% cash dividend for 2015 at Annual General Meeting
FGB, one of the leading banks in the UAE, successfully concluded its Annual General Meeting (AGM) today at the St.…
UAE's First Gulf Bank says profit can grow 6 pct this year
First Gulf Bank, one of the United Arab Emirates' biggest banks, thinks it can maintain profit growth of 6 percent…
Emirates NBD Egypt PMI
The downturn in Egypt's non-oil private sector was sustained in February, with business conditions worsening for the fifth month in…
QInvest Doubles Shareholders’ Dividends
QInvest announced, at its Annual General Meeting, that shareholder dividends have doubled after a record year of growth. The…
Profit repatriation impedes acquisition deals in local market
A number of foreign airlines, such as Air France and KLM, have halted their flights to Egypt which raises the…
Gulf International Bank b.s.c. announces a 5.6 per cent increase in full year profit to $90.4 million
GIB recorded consolidated net income after tax of US$90.4 million for the year ended 31st December 2015, compared to US$85.6…
Ithmaar Bank reports continued retail growth, finalizing plans for new group structure
Ithmaar Bank , a Bahrain-based Islamic retail bank, reported today ed note: 28/02/16 an increase in total income and operating…
UGB announces results for 2015
United Gulf Bank B.S.C. announced its financial results for 2015. Key Financial Highlights for 2015: · Net…
Ithmaar retail growth up, plans new holding firm
Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported an increase in total income and operating income from its core…
Emerging markets hedge fund assets post steep decline in January
Emerging markets hedge funds posted steep declines to begin 2016, as concerns about slowing growth and weakening currency in China,…
Qatar banks' loan book grows as deposits shrink
Qatar banks' loan book continued its growth trajectory in January 2016, increasing by 1.3 percent month-on-month (MoM) after increasing by…