Seera total income rises to $34 million
Bahrain-based Seera Investment Bank, a Sharia-compliant investment bank, yesterday reported total income of $34 million for last year - an…
Financial Results
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Dubai Expo sentiment spurs UAE banking sector
The UAE banking sector's outlook has improved considerably over the past few quarters as a spate of new infrastructure and…
Dubai index falls 3.8 per cent in profit taking
Dubai’s equity index fell the most in seven months on Wednesday as investors booked profits. UAE shares have surged 35.7…
Alkhabeer Capital posts 40% rise in net profit
Alkhabeer Capital, a major asset management and investment firm based in Saudi Arabia, and authorized by the Capital Market Authority,…
IDBI Bank’s Dubai book size exceeds $4b
IDBI Bank opened its office in Dubai in 2009. The bank has a Category 1 banking licence to operate from…
Bank Alfalah earns Rs 6.8b gross profit
Bank Alfalah has reported earnings per share of Rs 3.47, for the year ended December 31, 2013, improving from Rs…
Bahrain-based Islamic investment bank registers net profit of $14.8 million
Global Banking Corporation, a Bahrain-based Islamic investment bank, has reported a net profit of $14.835 million for last year, as…
KAMCO's AUM growth at 20%
KAMCO, announces its financial results for the year ending on 31 December 2013.KAMCO posted a Net Profit of KD 3.02…
Ithmaar Bank reports loss after provisions, but core business continues to grow
Bahrain-based Ithmaar Bank reported a net loss of BHD 29.9 million in 2013, compared to a net loss of BHD…
BLME reports £56m operating income in 2013
BLME Holdings plc, the Nasdaq Dubai-listed Islamic banking group on Monday reported an operating profit before tax of £6.1 million…
First Gulf Bank expects to continue double-digit growth
First Gulf Bank, Abu Dhabi’s most profitable lender, said it expects to continue reporting double-digit growth amid a growth spurt…
Alubaf net profit surges 22pc to $37m
Bahrain-based Alubaf Arab International Bank's net profit for last year surged to $37 million, an increase of 22 per cent…