Saudi-swiss managed fund surpasses USD 66 million assets under management
The Sidra-Ancile Global Structured Trade Investment Fund has recently surpassed SAR 250 million (c. USD 66 million) under management to…
Financial Results
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Bank Nizwa poised for growth; loss decreases by 37%
Bank Nizwa held its Annual General Meeting (AGM) here where Sayyid Amjad bin Mohammed al Busaidi, chairman of the bank,…
GCC banks register double-digit growth in 2014
The banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10 per cent increase, stemming…
Gulf Bank AGM approves 2014 results
Gulf Bank held its Annual General Meeting and Extraordinary General Meeting at the Jumeirah Hotel Kuwait and approved the company's…
Noor Bank Annual Profit Jumps to Record
Noor Bank has reported a record net profit of AED678.1 million for 2014, marking a 166% from the year ended…
Jordan Islamic Bank posts net profit of $63.6m
Jordan Islamic Bank, a subsidiary of Bahrain-based Al Baraka Banking Corp, reported 2014 net profit of BD45.1 million ($63.6 million),…
Crédit Agricole: Employment level rises in Lebanon despite subdued economic activity
“There was a gain in Lebanon employment numbers in spite of lower PMI data resulting from declining new business and…
Al Baraka Banking Group net profit up 7% to $275m in 2014
.S.C held its Ordinary and Extra-ordinary General Meetings on 23rd March 2015 in Manama, the capital of the Kingdom of…
DFM bounces back with 2.2% gain
The Dubai Financial Market bounced back on Monday with most powerhouses ending the day in the green, after Sunday’s 1.37…
Arab Banking Corporation Distributes US$155.5 Million To Shareholders, Appoints 2 New Directors
The shareholders of the Arab Banking Corporation (ABC) approved during the Ordinary General Meeting (OGM) today a cash dividend distribution…
Bahraini Bank Funds Seek Ch. 15 Relief For Liquidation
Seven special-purpose funds owned by defunct Bahraini investment bank Awal Bank BSC sought bankruptcy protection in New York on Thursday…
Qatar's Ooredoo expects revenue to fall in 2015
Qatar's Ooredoo forecasts its revenue will fall by as much as 3 percent in 2015 and core earnings will drop…