Ten major Saudi banks see profit boom in 2021 amid rebounding growth
Ten Saudi-listed banks, which comprise the majority of the Kingdom’s banking sector, recorded higher earnings in 2021 from a year…
Financial Results
4429 articles found
Qatar First Bank to implement a capital raise of up to 420 million ordinary shares through its Rights Issue
Qatar First Bank (QFB), has announced that it has received the regulatory go-ahead to proceed with its ‘Rights Issue,’ as…
Emirates NBD Capital posts record transactions in 2021
Emirates NBD Capital (Emcap), the investment banking arm of Emirates NBD, said that it led a record number of landmark…
Qatar’s insurance penetration may remain stable until 2026: Alpen Capital
Qatar’s insurance penetration is expected to remain stable at 0.9% over the five-year period (from 2021) with density expected to…
Mizrahi Bank posts highest ever profit
Mizrahi Tefahot Bank posted a record profit for 2021, NIS 3.19 billion, double the profit for 2020 of NIS 1.6…
Qatar banks' total assets surge 8.6% y-o-y
Total assets of Qatari banks stood at QR1.8tn in January, up 8.6% on 2021, QNB Financial Services has said in…
Most GCC markets gained in February despite geopolitical turmoil
Despite the geopolitical turmoil involving Russia and Ukraine and its effect on global markets, the gain in crude oil prices…
Business conditions in UAE’s non-oil sector mark strong expansion – PMI
The UAE's non-oil private sector economy saw a robust improvement in February due to a surge in demand, according to…
Abu Dhabi sees 26.4% reduction in realty service fees in development projects
The Department of Municipalities and Transport (DMT) has revealed that service fees for real estate units’ owners and investors in…
Gulf markets gain; Abu Dhabi jumps over 2%
Major Gulf bourses rose for a third straight session on Tuesday as higher oil prices boosted energy stocks, although investors…
Large UAE banks to attain pre-pandemic level profitability in 12-18 months: Moody’s
The profits of large UAE banks will reach pre-pandemic levels in the next 12-18 months, according to a report published…
First Abu Dhabi Bank to distribute $2.1bn dividends for 2021
First Abu Dhabi Bank , one of UAE’s leading banks, has approved the dividend distribution of 70% of paid-up capital…