Stronger economy boosts major UAE banks’ profits
Major UAE banks recorded strong performance in 2014 as their profits surged due to economic growth and lower provisions for…
Financial Results
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Egypt's EFG Hermes posts 57 pct rise in Q3 profit
EFG Hermes, one of the Middle East's largest investment banks, posted on Tuesday a 57.4 percent year-on-year increase in third-quarter…
Turkey's Bank Asya falls to Q3 loss
Turkey's Bank Asya on Tuesday posted a third-quarter net loss on loan provisions and a shrinking balance sheet but said…
Abu Dhabi National Takaful Company reports profit for 3Q2014 of 24.8 million
Takaful posted a profit for the period ended 30 Sept. 2014 of AED 24.8 million In addition, Takaful realised an…
Net Income of Al Baraka Banking Group rose by 5% to US$207 Million in the First Nine Months of 2014
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced that it has achieved a net income…
LMC net profit hits $3.4m
Wholesale Islamic bank Liquidity Management Centre yesterday announced a net profit of $3.38 million for the first nine months of…
International General Insurance announces profit of US$28.6 million
International General Insurance Holdings has released its financial results for the nine months ended 30 September, 2014. The Company…
KAMCO announces its third quarter financial results
KAMCO - KIPCO Asset Management Company today reported itsthird quarter financial results for the period ending30 September 2014. The…
DIB turnaround leaves little room for doubt
When Dubai Islamic Bank , the largest Islamic bank in the UAE by assets reported 111 per cent growth in…
UAE Banks Profit Up 25% In First Nine Months Of 2014
The UAE banks recorded a rise of 25 per cent in profits during the first nine months of 2014, the…
Waha Capital 9M 2014 net profit increases to AED 1.6 billion
For the third quarter of 2014, the company recorded a net profit of AED 301.2 million, up from AED 107.1…
Omani entrepreneurs explore islamic financing avenues with bank Nizwa
Bank Nizwa's Head of Shari'a, Dr. Anwar Soubra, conducted an in-depth workshop on the various Islamic Financing solutions available to…