Financial Results

Financial Results

DAMAC Properties Dubai reports net profit of AED 3.67 billion (c.US$1 billion) in first 9 months of 2015.

November 10, 2015

DAMAC Properties Dubai Co PJSC, a leading developer of high-end property in the Middle East, announces results for the nine…

Read More

Financial Results

Bahrain's Al Baraka Banking Group Q3 profit rises 4 pct

November 10, 2015

Al Baraka Banking Group , the Bahraini Islamic lender with operations in more than a dozen countries, posted a 4…

Read More

Financial Results

UAE’s Islamic banks buck regional trend in third quarter

November 9, 2015

Results of leading institutions point to resilience in a tough operating environment   Islamic banks across the GCC have been…

Read More

Financial Results

QInvest report revenue up 37 per cent for Q3 2015

November 8, 2015

QInvest has reported its results for the third quarter of 2015.    The Bank generated another quarter of robust performance…

Read More

Financial Results

UNB-Egypt aims to acquire 5% of Egyptian banking market in 10 years: Vice Chairman

November 8, 2015

By the end of 2015, the Union National Bank-Egypt (UNB-Egypt) is targeting to achieve a profit growth rate between 30%…

Read More

Financial Results

Egypt’s Banque Du Caire sees 40-45% rise in profits for 2015

November 5, 2015

Banque Du Caire, Egypt’s third largest state bank, expects a 40-45 percent increase in profits this year following a restructuring,…

Read More

Financial Results

Khaleeji Commercial Bank announces increase in net profits

November 5, 2015

Khaleeji Commercial Bank, a leading Islamic bank in the Kingdom of Bahrain, today announced its financial results with net profits…

Read More

Financial Results

Warba Bank Reports Net profits in the Third Quarter 2015

November 5, 2015

Warba Bank achieved excellent profits in the third quarter exceeding expectations for its financial results for the first nine months…

Read More

Financial Results

Third-quarter profit at Amlak Finance jumps

November 4, 2015

Amlak Finance, the Dubai mortgage lender whose shares were frozen for six years after the 2008 financial crisis, reported a…

Read More

Comment & Analysis

UAE, Qatar among top valuable nation brands

November 2, 2015

The UAE and Qatar both feature in the top 10 list for nation brand strength, placing third and ninth respectively,…

Read More

Financial Results

Islamic banking set to grow despite economic uncertainty

November 2, 2015

Islamic banking is poised to grow despite economic uncertainty.   The GCC Islamic banking profit pool crossed $12bn for the…

Read More

Executive Moves

Kazakh President Ousts Central Bank Head After Tenge Tumble

November 2, 2015

Kazakhstan’s President Nursultan Nazarbayev replaced central bank governor Kairat Kelimbetov after he devalued the currency twice in his two-year tenure.…

Read More