Saudi Arabia real GDP grows 6.7% in Q4 2021
Saudi Arabia’s real Gross Domestic Product (GDP) grew by 6.7% in Q4 2021 compared to Q4 2020. This positive growth…
Financial Results
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NBO shareholders approve capital raising plan and dividend payout
National Bank of Oman held its Annual General Meeting and an Extraordinaory Genernal Meeting on 30 March 2022 at the…
URC announces its financial results for the year ended 2021
United Real Estate Company has announced its earnings for the financial year ended 31 December 2021. Supported by the…
QSE listed insurers’ net profits soar 138% in 2021
The listed insurance companies have reported more than doubling (137.89% jump) of their total sectoral net earnings during 2021, substantially…
SHUAA Capital reports strong growth
Dubai Financial Market-listed SHUAA Capital psc, which is the leading asset management and investment banking platform in the region, has…
Saudi Central Bank’s net foreign assets fall for third month in a row
Saudi Central Bank’s net foreign assets fell 1.2 percent in February, according to data published on its website. Net foreign…
Muzn Islamic Banking records 24% rise in net profit
Muzn, National Bank of Oman’s Islamic Banking window, has released its financial results for 2021, recording a strong performance with…
CBE announces key performance indicators of banks operating in Egypt during 2021
The Central Bank of Egypt (CBE) revealed, in a recent report, the most prominent performance indicators of banks operating in…
Lebanon political stalemate, accounting rules distort Bank of Sharjah financials
Bank of Sharjah has reported preliminary profits in its UAE operations, but remains in consolidated net loss because of a…
CI Capital Holding for Financial Investments reports its FY21 consolidated results
CI Capital Holding for Financial Investments has reports its FY21 consolidated results. Net profit after minority interest reached EGP681mn, up…
Oman’s Islamic banking on positive trajectory
The Islamic banking sector in Oman is likely to sustain its positive trajectory in the short-to-medium term despite a number…
NBK-Bahrain reports net profits of BHD 117.68mln (KD 94.57mln) for 2021
Al-Sager: We continue to strengthen our competitiveness and position in our key regional markets Fardan: Our profits prove our resilience…