Oman’s bank credit grows 8% to OMR18.3b
Oman’s commercial banks have achieved a robust 8.39 per cent growth in total credit at OMR18.32 billion for 2015, from…
Financial Results
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DIFC reports results for 2015
The number of new company registrations at DIFC increased by more than a quarter (27 per cent) compared with 2014,…
First Gulf Bank registers its 16th straight year of growth in net profits
First Gulf Bank , one of the leading banks in the United Arab Emirates, registered significant growth in 2015 by…
Kuwait's KIPCO says Q4 net profit rises by 10.7%
Kuwait Projects Co (KIPCO), the Gulf state's largest investment company, reported a 10.7 percent rise in fourth-quarter net profit on…
Adnic latest UAE insurer to report losses
UAE insurers are still feeling the pinch from too much competition despite consolidation and the departure of some major players.…
Faisal Islamic Bank's volume of business surges 7.4% in January
Faisal Islamic Bank of Egypt's volume of business has increased by 7.4 percent to register EGP 56.141 billion(US$7billion) at the…
Emirates NBD posts $1.9bn profit for 2015
UAE-based Emirates NBD, a leading bank in the region, has posted a net profit of Dh7.1 billion ($1.93 billion) for…
UAE bank results point to rising pressure on profits
The full-year results of UAE banks are a mixed bag, with some reporting an increase in profitability, some a decline…
UAE lender ADIB says Q4 profit up 16.6 pct, raises dividend
Abu Dhabi Islamic Bank on Sunday posted a 16.6 percent rise in fourth-quarter net profit, and marginally increased its dividend…
Amlak Finance reports Dh139m profit for 2015
Amlak Finance has reported a profit of Dh139 million for 2015, compared with a loss of Dh85.5m for the previous…
UDC releases the year 2015 Financial Results
United Development Company, a leading Qatari shareholding company, announces its financial results for the year 2015, reporting net profit of…
Bank ABC Announces 2015 Net Profit of US$180 Million
Bank ABC Arab Banking Corporation B.S.C. today announced that its consolidated Group net profit…