UAE firms’ profits grew 88.6%
Aggregate net profit of UAE corporate reached $9.27 billion (Dh34 billion) by the end of 2011, up by 88.6 per…
Financial Results
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NBK Bahrain reports net profits of $70m
Kingdom of Bahrain, a branch of NBK Group, reported net profits of $70m (BD26.244m) in 2011 compared with $65m (BD24.506m)…
ICBC Middle East posts good results
Industrial and Commercial Bank of China Middle East (ICBC ME) has released its trading results for the full year ended…
Gulf Bank reports net profit KD 30.6m in 2011
Gulf Bank has announced a net profit of KD 30.6 million in 2011, compared to KD 19.1 million in 2010.…
Qatari banks to record double digit profit growth
Qatari banks performed well in 2011 and are projected to record double-digit growth in their net profits this year due…
Al Baraka Islamic Bank net income hits $2.5m
Al Baraka Islamic Bank saw net income reach BD978,000 ($2.5m) in 2011 compared to BD1.75 million in 2010. This drop…
Khaleeji Commercial swings to $1.3m profit
Khaleeji Commercial Bank (KHCB), an Islamic bank based in Bahrain, went firmly back into the black last year with a profit…
Takaful growth attracts domestic and multinational providers
Takaful insurance across the Middle East and South East Asia has seen rapid growth over the past five years. Francesca…
UGB announces net profit of US$ 1.5 million for 2011
UGB's net profit of US$ 1.5 million for 2011 (for the12 months ended 31 December, 2011) was a fall of…
Gulf Finance house back in the black in 2011
Bahrain investment bank Gulf Finance house announced that it had inched back into the black in 2011 after making a…
Al Baraka Banking Group posts flat Q4 profit
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C. (ABG) announced that it has achieved a net…
Burgan Bank 2011 net profit KD 50.6 mln
Burgan Bank Group announced today significantly improved financial results for the year ended Dec 31, 2011. The group posted KD…