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…
Financial Results
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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…
Dubai Holding unit profit up 488%
Dubai Holding have announced the financial results for its business group, Dubai Holding Commercial Operations Group, for the fiscal year…
KAMCO announces its financial results for the year 2012
KIPCO Asset Management Company - KAMCO, announces its financial results for the year ending on 31 December 2012. KAMCO posted…
More work to do for GCC banks
Settling into high single digit growth rate and healthy profitability, Gulf banks would do well to undertake necessary investments that…
Hapoalim profit down 7.4% in 2012
Bank Hapoalim issued its financial report for 2012 today, which saw net profit fall 7.4% to NIS 2.543 billion last…
IIRA assigns fiduciary ratings to Qatar International Islamic Bank
Islamic International Rating Agency has assigned a national scale rating of A+/A-1 (QR) (A plus/A-one) to Qatar International Islamic Bank.…
Assets under DIFC firms management soar to $8.6b
Assets under management by firms at Dubai International Financial Centre amounted to $8.6 billion (Dh31.59 billion) at the end of…
UAE bank assets soar Dh129bn
The combined assets of UAE banks surged by more than Dh129 billion through 2012 to maintain the country’s position as…
Warba Bank records total income
Warba Bank announced today achieving total income of KD 8.1 million for the year ending December 31st, 2012 compared to…
GCC banking robust; assets hit $1.4 trillion
Higher energy prices and increased hydrocarbons production have provided for large public spending programs, which have increased the asset growth…
Ambitious funding plans by Qatar bank
al khaliji yesterday revealed that net profit after tax stood at QR512.2m as of December 31, 2012, 5.2 percent higher…