Hedge fund flows help Asiya assets to $1bn
Asiya Investments, a Hong Kong-based fund manager with roots in the Middle East, has doubled its assets since the start…
Financial Results
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EFG Hermes Reports Strong Recovery inInvestment Bank Operations
EFG Hermes*, the leading investment bank in the Arab world, reported today a nearly three-fold year-on-year rise in Group Net…
VCBank posts $5.3m net profit
Venture Capital Bank (VCBank) has reported net profit of $5.3 million for the nine months ended March 31 this year…
SICO's net profit soars 157pc to $6.9 million
Securities and Investment Company (SICO), a Bahrain-based conventional wholesale bank, has reported a strong start to the current fiscal year.…
Ithmaar Bank's net profit surges 50pc
Ithmaar Bank yesterday reported a nearly 50 per cent increase in net profit at $2.11 million for the first quarter…
Gulf finance house posts first quarter profit
Gulf Finance House (GFH), the Bahrain based Islamic investment bank, today announced its financial results for the first quarter ended…
Egypt national elections offer hope: EFG co-head
The co-chief executive of EFG Hermes told CNBC that Egypt was undergoing political rejuvenation, meaning it had a lot to…
UAE’s banking sector returns to a strong growth trajectory, says IIF
The first quarter data from the leading UAE banks indicate that the banking system in the country has turned around…
Al Baraka announced net profit of $67 million for Q1 2014
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced a net profit of $67 million for…
BLME Holdings reports net fee income of GBP 1.45 million for Q1 2014
BLME Holdings plc today issues its Interim Management Statement relating to the first quarter from 1st January 2014 to 31st…
Bahrain Islamic Bank realises BHD 2.5 million as net profit for Q1 2014
In a Press Release issued by the Bank yesterday, Mr. Abdul Razak Abdulla Hassan Al Qassim – Chairman of the…
Kuwait’s Burgan Bank Q1 Net Profit Up 10%
Burgan Bank, Kuwait’s third-largest lender by assets, reported a 10 per cent increase in first-quarter net profit on Sunday, beating…