BLOMINVEST Saudi Arabia net profit surges 16%
BLOMINVEST Saudi Arabia , an investment company specialized in asset management, financial advisory services and private equity investments licensed by…
Financial Results
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ABC Islamic Bank Announces 23 per cent Increase in 2014 Year-End Net Profit of $15.1 Million
ABC Islamic Bank has announced that its net profit for the year ending 2014 was $15.1 million, 23 per cent…
Qatari bourse index loses 23.37 points
Qatar Stock Exchange index dropped 23.37 points, or 0.19 percent, when it closed yesterday at 12,525.88 points from Monday’s position…
Bank to pay BD10.7m in dividend
The shareholders of Al Salam Bank Bahrain will get BD10.7 million as dividend following the approval of the board recommendation…
Bahrain's banking liquidity remains strong
Commercial bank lending in Bahrain is expected to pick up after a slump, and the plunge of oil prices is…
Bahrain Central Bank Chief “Worried” About Banks’ Profitability
Bahrain’s central bank governor has warned of a possible slowdown in economic activity in the Gulf state due to the…
ABC Islamic Bank Announces 23 per cent Increase in 2014 Year-End Net Profit of $15.1 Million
Total operating income rose to $22.2 million, increase of 22.7 per cent over last year, positively covering a 22.4 per…
GCC insurance industry value triples – premiums increase to $18.4 billion
The Bancassurance MENA Summit opened with a critical regulatory update by Prasanna Seshachellam, Director, Supervision at Dubai Financial Services Authority…
Kuwait’s Burgan Bank Q4 Net Profit Jumps
Burgan Bank, Kuwait’s third-largest lender by assets, reported a 424 per cent rise in fourth-quarter net profit on Tuesday. …
QInvest 2014 revenue soars 134%
Registering “strong” top and bottom-line growth, QInvest has seen its revenue soar 134% to QR299mn and net profit reach QR88mn…
United Arab Bank CEO sees 'good loan growth'
“We will outperform the sector,” Trowbridge said in an interview Saturday in Dubai where the bank is building a regional…
GFH reports net profits of US$17 million for 2014
GFH, the Bahrain based financial group, has announced its financial results for the fiscal year ended December 31, 2014, a…