Bank Dhofar Q2 profit rises 23%, meets expectations
Bank Dhofar, currently in talks to merge with smaller rival Bank Sohar, met analysts’ expectations as it posted a 23%…
Financial Results
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Arab National Bank posts 400m net profit in H1
Arab National Bank (ANB) reported a net profit of 400 million for the first six months of 2014 compared to…
Qatar National Bank Q2 net profit edges up, beats estimates
Qatar National Bank, the largest lender in the Gulf Arab region, reported a small increase in second quarter net profit…
Moody's affirms the MQ2 assessment of Jadwa Asset Management
Jadwa has recently experienced a number of organisational changes with the departures of its Chief Investment Officer (CIO) in March…
Saudi Hollandi Bank Q2 net profit jumps 28.1 pct on higher income
Saudi Hollandi Bank posted a 28.1 percent increase in second-quarter net profit on Sunday, boosted by higher operating income. …
GCC: Banking assets surge 12.2% to $1.1 trillion in first quarter
Driven by UAE banks, net profits of GCC lenders jumped 9.3 per cent year on year in the first quarter…
Barwa Bank's net profit rises by 28% in the first quarter of 2014
The results show an increase in the bank's net profit by 28% to reach QR 201mn compared with QAR 157mn…
Middle East private wealth surged 11.6 per cent in 2013
Private financial wealth in the Middle East region grew by 11.6 per cent to reach $5.2 trillion (Dh19 trillion) in…
SICO flagship fund posts return of 204 per cent
Securities and Investment Company, a Bahrain-based regional investment bank, yesterday announced its Khaleej Equity Fund has achieved a return of…
Govt spending, personal consumption to drive earnings of Saudi-listed firms
"Earnings of companies listed in Saudi Arabia will be driven primarily by government spending and increased personal consumption. The…
Egyptian Shares Rise Most in World as EFG Stake Fuels Optimism
Egyptian stocks advanced the most in the world as investors said they will buy a stake in the country’s biggest…
U.A.E. Urges Egypt to Trim Budget as Gulf Aid Pours In
The United Arab Emirates, which is backing Egypt with billions of dollars in aid, said its ally needs to shore…