Standard Chartered blames lower profits to margin compression
Standard Chartered Bank on Tuesday attributed decline in its UAE profits to heightened competition and margin compression in all major…
Financial Results
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Arab Banking Corp net profit rises 22%
Arab Banking Corporation (ABC) Tuesday announced that its consolidated group net profit for the first half of 2014 was $…
Bahrain's Gulf Finance House Q2 net profit jumps 252 pct
Bahrain's Gulf Finance House reported a 252 percent increase in second-quarter net profit on Wednesday. The firm, which suffered heavily…
Bahrain Islamic Bank H1 net profit up 67%
In a Press Release issued by the Bank Mr. Abdul Razak Abdulla Hassan Al Qassim - Chairman of the Board…
Standard Chartered points to rising competition as margins tighten
Competition in the country’s banking sector is intensifying, particularly when it comes to trade finance, according to the UAE chief…
International General Insurance announces net profits of USD18.5m for 1st half, 2014.
International General Insurance Holdings Limited has reported earnings for the 1st half, 2014 financial year. The Group announced net…
UAE banking sector posts 23% growth in Q2 2014
The net income of major UAE banks exceeded analyst expectations in the second quarter as the country's economy continues to…
BMI Bank's operating income increases 6pc
BMI Bank, a subsidiary of Al Salam Bank Bahrain, has reported a loss after provisions of BD3.1 million for the…
Oman's Islamic Finance Net Revenue Soar 147%
Oman’s Islamic banking sector witnessed significant growth during the first half of 2014 in terms of deposits and revenues amid…
Al Baraka Banking Group raises its profit to $143m
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced a net profit of $143m for the…
KHCB announce net profit of BHD 1.2 million for Q2 2014
Khaleeji Commercial Bank (KHCB), a prominent Islamic retail Bank, announced its financial results for the second quarter of 2014 making…
Kuwait International Bank net profit reaches KD8.9m
Kuwait International Bank said that its net profit reached KD8.9m in the first half of 2014 compared to KD 6m…