Dukhan Bank posts QR1.19bn net profit in 2021
Dukhan Bank has posted a net profit of QR1.19bn in 2021, recording 17% year-on-year growth in net profits. The…
Financial Results
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ADIB General Assembly elects new Board of Directors
Shareholders of Abu Dhabi Islamic Bank have elected a new board of directors at the Annual General Meeting that took…
Qatar Central Bank raises Repo Rate by 1.25%
Qatar Central Bank announced yesterday that it has raised the Repo Rate by 25 basis points to 1.25 percent, starting…
Seven Qatari banks post combined profit of $6bln
Seven out of eight Qatari banks rated by Moody’s saw improvement in 2021 and their combined net profit rose by…
Oman Insurance reports highest net profit in last 7 years
Oman Insurance has released its 2021 Integrated Report yesterday which includes full-year financial results along with Environmental, Social and Corporate…
NBK’s AGM approved distribution of 30% cash dividends and 5% bonus shares
Al-Sayer: Our strong performance helped maximize returns for our shareholders We were committed to maintaining our strategic course by accelerating…
Dubai Investments board proposes $139mln dividend for 2021
UAE-based Dubai Investments has proposed a total cash dividend of AED 510 million ($139 million) for 2021 after profits more…
Kuwaiti Islamic banks post 4th best growth rate in financing operations
According to the data issued by Moody’s Agency for Investors Services from 2019 to the third quarter of 2021, shows…
Islamic finance industry set for continued growth in 2022 despite challenges
The Islamic finance sector is set to continue growing in 2022 as the accelerating economic recovery, particularly in the GCC…
Saudi IT firm Arab Sea swings into profit in 2021 as revenue more than doubles
Saudi IT firm Arab Sea Information System Co. swung into SR21.5 million ($5.7 million) profit in 2021 as revenue doubled.…
Saudi January industrial output sees third highest rise in 3 years
Increased oil output has driven Saudi Industrial Production Index in January to increase by 11.1 percent on an annual basis,…
Emirates NBD Capital marks record year
Emirates NBD Capital led a record number of landmark transactions in terms of closed transaction value and deal volume, across…