Assets of national companies listed in financial markets rise by 10% in H1 2022
The assets of national companies listed in local financial markets rose by 10 percent in the first half of 2022,…
Financial Results
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Number of valid licences grew by 5% in H1 2022: RAK DED
The Economic Development Department of Ras Al Khaimah (RAK DED) said that the number of valid licences in the emirate…
NBK-Egypt sees 9% higher profits in H1-22
The National Bank of Kuwait-Egypt (NBK-Egypt) reported net earnings of EGP 756.50 million (about KWD 13.80 million) during the first…
Bahrain banks report 19.2% growth in non-interest income
Banks in Bahrain reported 19.2 per cent growth in non-interest income in the second quarter this year, the highest in…
IMF sees Saudi inflation contained at 2.8% as GDP growth hits decade-high
Saudi Arabia’s gross domestic product is expected to grow at the fastest rate in almost a decade at 7.6 percent…
EFG Hermes Holding carries forward strong momentum and delivers 28% Y-o-Y revenue increase in 2Q2022
EFG Hermes Holding, an impact-driven universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM),…
Saib achieves $16mln net profit in June 2022, marking 79% growth
Egypt - In June 2022, saib achieved a net profit of $16m, compared to $8.95m in June 2021, with a…
Qatar’s budget surplus to grow 57.6% in 2023: IMF
The International Monetary Fund expects the State of Qatar’s budget surplus to grow 57.6 percent in 2023 to QR70.3bn, compared…
Al Salam Bank Q2 profits up 53% to $18.6m
Al Salam Bank has announced a net profit attributable to the shareholders of BD7 million ($18.6 million) for the second…
Al Ahli Bank of Kuwait – Egypt achieves net profit of over $46mln in H1 2022
Al Ahli Bank of Kuwait – Egypt (ABK-Egypt), has announced achieving breakthrough results for the first half (1H) of 2022,…
GFH’s second-quarter profit climbs on higher investment banking income
Bahrain investment bank GFH Financial Group reported a 10 per cent increase in its second-quarter profit as investment banking income…
SICO reports BD 2.5mln net profit attributable to shareholders of the bank in the first half of 2022
SICO has announced its consolidated results for the second quarter and six months ended 30 June 2022. On a…