UAE to see 62% rise in number of millionaires by 2020 – Credit Suisse
The number of millionaires in the United Arab Emirates is set to grow by 62 per cent over the next…
Financial Results
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Qatari bank CBQ profit drops 43 percent
Commercial Bank of Qata, the Gulf Arab state's second-largest lender by assets, reported a 43 percent drop in third-quarter net…
UAE bank ADCB meets estimates with 18.3% Q3 net profit gain
Abu Dhabi Commercial Bank on Sunday posted an 18.3 per cent rise in third-quarter net profit, broadly in line with…
Mideast investment banking fees dip 22% in first 9 months
Middle Eastern investment banking fees reached $480.5 million (Dh1.76 billion) during first nine months of the year, down 22 per…
Ahlibank’s 9-month profit jumps 10% to QR505.68mn
Ahlibank Qatar reported a 10% year-on-year growth in net profit to QR505.68mn during January-September this year with its retail and…
UBS Sees Sovereign Assets Shrinking by $1.2 Trillion
Central bank and sovereign wealth fund assets will shrink by $1.2 trillion, or almost 7 percent, by the end of…
QIB’s 9-month profit grows by 24.8 percent to QR1.4bn
Qatar Islamic Bank’s net profit attributable to the shareholders amounted to QR1.4bn for the nine-month period ending September 30, 2015,…
Digital payments to boost GCC’s e-commerce market five-fold growth to $15 billion in 2015
Banks in the GCC are under pressure to innovate digital services over the next two years, as cash is becoming…
NBK reports net profits of $754.5 million for 9M 2015
Net profits for the 3Q 2015 reached $213.6 million KWD 64.5 million, a year-on-year increase of 9.1 per cent …
Abu Dhabi Real Estate Market Remains Stable in Q3, despite slowdown in government spending and weaker sentiment, According to JLL Real Estate Market Overview
JLL, the world's leading real estate investment and advisory firm, today released its third quarter (Q3 2015) Abu Dhabi Real…
Bank Aljazira Q3 profits up 253 per cent
Total assets were up 4.08 per cent to SAR 68,308 million. Investments were down 7.15 per cent to SAR 11,290…
Global Wealth in 2015: Underlying Trends Remain Positive
Global wealth somewhat dropped in 2015 due to the strong US dollar, according to the "Global Wealth Report 2015." The…