Abu Dhabi fund Mubadala swings to 2012 profit on lower impairments
Mubadala, the Abu Dhabi investment fund with a mandate to boost the emirate's local economy, swung to a net profit…
Financial Results
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Abu Dhabi conglomerate's CFO resigns amid debt talks
The chief financial officer of Abu Dhabi conglomerate Al Jaber Group, which is in the midst of a $4.5 billion…
Morgan Stanley names veteran banker as Mena head
Morgan Stanley named veteran banker Sammy Kayello as the chief executive and chairman of its business in the Mena replacing…
Saudi Hollandi Q1 net profit up 19.4% to SAR346.3m
Saudi Hollandi Bank has said in its interim financial results for the three-month period ended March 31, 2013 that its…
Saudi British Bank Q1 net profit rises 11% to SR 948 m
The Saudi British Bank said it recorded a net profit of SR 948 million for the quarter ended March 31…
Profits after tax of JIB reached JD36.5 million for the year 2012
Jordan Islamic Bank has announced that it has excellent financial results during 2012. The Bank's net profits before tax reached…
Qatar National Bank Q1 net profit up 6.7 pct on loan growth
Qatar National Bank, the acquisitive Gulf Arab lender, posted an 6.7 percent jump in first-quarter net profit on Sunday, in…
EFG Hermes reports 8% year-on-year rise revenues
EFG Hermes, the leading investment bank in the Arab world, released its consolidated financial results for the full year 2012,…
Standard Chartered UAE continues steady growth in consumer banking
Standard Chartered, the British lender with a major presence in the UAE, continues to witness growth in both deposit and…
Bank Hapoalim Announces 2012 Financial Results
Bank Hapoalim has announced financial results for the fourth quarter and full year ended December 31, 2012. Highlights of the…
UAE lenders cut loan-loss provisions by 13% in 2012
UAE banks significantly reduced existing high provisioning levels by 13 per cent, while at a collective GCC level, provisions for…
Key GCC Islamic banking assets rise to $445bn
Islamic banking assets with commercial banks in the GCC reached $445 billion at the end of last year, up from…