al khaliji reports 2014 net profit of QAR 563 million
Fahad Al Khalifa, al khaliji Group Chief Executive Officer said, “The financial results for 2014 reflect a solid performance for…
Financial Results
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RakBank – AED 1,454 million net profit, a 1.3 per cent increase
RAKBANK today announced AED 1,454.6 million in net profit for the year 2014. Operating profit before provisions increased by 15.7…
Net Profit Up 6.2 Percent To KD 37.6 Mn
Al Ahli Bank of Kuwait achieved KD 82.5 million operating profits and KD 37.6 million net profits for the financial…
Retail-focused Rakbank doubles down on loan growth
Rakbank expects its loan book to have grown at twice the rate of its peers last year, helped by higher-yielding…
Dubai Islamic Bank Q4 2014 net profit rises 64.1 pct
Dubai Islamic Bank, the United Arab Emirates' largest sharia-compliant lender, posted a 64.1 percent increase in fourth-quarter net profit on…
Abu Dhabi Commercial Bank Q4 Net Profit Jumps 29%
The bank made a net profit of Dhs1.02 billion in the fourth quarter of 2014, it said in a statement.…
Gulf Banks Flourish In 2014 On Strong Economic Growth
Gulf banks have recorded much improved net profit numbers in 2014 driven by higher loan growth, increased non-interest income and…
Dubai’s Deyaar Q4 Net Profit Falls 43%
The company's 2014 annual profit was Dhs231.7 million, up from Dhs154.5 million in 2013. Dubai’s Deyaar Development fourth-quarter profit…
Dubai’s Nakheel 2014 Net Profit Jumps 43.2% Despite Revenue Slump
Dubai developer Nakheel expects to maintain profit growth of 40 per cent seen last year in 2015 and 2016, its…
Riyad Bank rating affirmed by Capital Intelligence
Supported by the Bank's improved asset quality, reduced concentration, continued very sound capital profile and improved overall profitability, the Financial…
NBB registers record profit of $142 million
National Bank of Bahrain (NBB) yesterday reported a four per cent rise in net profit to BD53.44 million ($142.12m) for…
Kier lands £145m in Middle East contracts
In Dubai, it has been named preferred bidder for a £100m mixed-use development and two infrastructure contracts totalling £15m as…