Commercial Bank reports QR702.3m net profit for first quarter
The Commercial Bank (the Bank), its subsidiaries and associates (Group) announced yesterday its financial results for the quarter ended 31…
Financial Results
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Boubyan Bank records KD 17mln in net profits for the first quarter of this year
Al-Majed: A Good Start to 2022 and We Are Looking Forward to Continuing Our Full Digital Transformation Strategy Al-Majed: Moody’s…
Abu Dhabi’s Emirates Driving posts 60% rise in Q1 2022 profit
Abu Dhabi-listed Emirates Driving Company saw its profit surge by approximately 60 percent during the first quarter of the year…
Bahrain-listed firms’ net profits triple to $2.8bln
Bahrain-listed companies saw their net profits triple to $2.8 billion in FY-2021 when compared with $870.2 million in FY-2020 on…
National Bank of Kuwait reports net profit of KD 116.6mln for the first quarter of 2022
Al-Sager: Our strong performance is supported by prudent risk management and excellent credit quality We continued delivering strong performance across…
Saudi telecom firm Zain net profit jumps 98% to $22m in Q1 on higher revenue
Mobile Telecommunication Co. Saudi Arabia, known as Zain KSA, has seen a 98 percent increase in net profit during the…
At a glance – Commercial International Bank 1Q22 results
Softening COR and volume driven core banking income growth drive earnings up a solid 48% y-o-y Commercial International Bank’s…
The value of real estate transactions records 4.85mln Riyals during Q1
Farghaly: Absence of major deals, Demand for “Ready-made properties” and Increases of up to 60% in rents. Al-Kaabi: 30% of…
Bank deposits increase to EGP 6.549trn in January 2022: Egypt
The Central Bank of Egypt has announced an increase of about EGP 99bn in the bank deposits in January 2022,…
Standard Chartered announces changes to refocus and simplify its presence in Africa & Middle East region
As set out during its full year 2021 results presentation, Standard Chartered PLC (“the Group”) is accelerating its strategy to…
Saudi competition authority approves 88% more mergers & acquisitions requests in Q1
Saudi Arabia’s General Authority for Competition approved 49 applications for mergers and acquisitions in the first quarter of 2022, an…
QIB profit grows 14% to reach QR855m in Q1
Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has announced the results for the three months’ period ended 31 March…