Saudi bank Samba Q3 net profit rises 7 pct, beats estimates
Samba Financial Group, Saudi Arabia's third-largest bank by assets, reported a 7 percent rise in third-quarter net profit on Thursday,…
Financial Results
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Gulf's largest lender posts 6.1% rise in Q3 net profit
Qatar National Bank, the largest lender in the Gulf Arab region, achieved a 6.1 percent increase in third-quarter net profit,…
Gulf Banks' Earnings Growth to Slow After Slide in Oil, S&P Says
Banks’ earnings in the six-nation Gulf Cooperation Council could slow during the next several quarters as lower oil prices hurt…
UAE banks' assets climb 7%
UAE banks increased their balance sheets by seven per cent year-on-year to Dh2.431 trillion in August, latest data from the…
Al Baraka's ratings reaffirmed by top agencies
Bahrain-based Al Baraka Banking Group (ABG) said Dagong Global Credit Rating Company and Islamic International Rating Agency (IIRA) have jointly…
Net interest income, lower provisions boost GCC banks' profits
Net earnings of GCC banks increased 8.8 per cent year-on-year to $5.8 billion Dh21.286 billion in Q2 2015, mostly due…
Ernst & Young Sees Global Revenues Jump 11.6%
Ernst & Young reported that its global revenues for the fiscal year ended June 30, 2015 rose to $27.8 billion,…
Saudi banks still strong despite oil slump: Saudi British Bank, MD, David Dew
Saudi Arabian banks' financial cushion and the government's commitment to keep spending should enable them to weather a prolonged slump…
JIB’s profit rises 10.2pc to $35m
Jordan Islamic Bank has posted a growth of about 10.2 per cent in profits for the first half at $35.26…
Moody's: Al Ahleia's acquisition of Kuwait Re constrains capital position and financial flexibility
Moody's expects that Al Ahleia's acquisition of Kuwait Re will have a negative impact on Al Ahleia's capital position and…
UAE Real Estate Market Safe Haven For Foreign Investors
The Middle East’s largest and most influential property show Cityscape Global expecting significant British participation. Cityscape Global sees 30%…
Gulf Finance: Softer quarterly growth and sales outlook for UAE SME sector
71 per cent of respondents interviewed during the second quarter (Q1: 84 per cent) confirmed total orders received increased or…