Top US firm's Mideast wealth unit gets boost from Saudi opportunities
Merrill Lynch's Middle Eastern wealth management division is set to outperform the regional market's growth rate of around ten per…
Financial Results
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RAKBank’s nine-month net profit surges 24.2%
The National Bank of Ras Al Khaimah, or RAKBank, reported on Wednesday a net profit of Dh906.5 million for the…
Gulf International Bank wins investment awards
Bahrain-based Gulf International Bank (GIB) has won three awards in the investment banking category of the Global Banking and Finance…
CBQ Q3 net profit jumps 8.7pc to $151.9m
Commercial Bank of Qatar (CBQ), the country's third largest lender by market value, reported an 8.7 percent jump in third-quarter…
Daman fund posts record result
Daman Investments, the leading Dubai-based investment management company, has announced record-breaking results for its Daman Second Emirates Fund (DSEF) for…
Arab Bank Honored with Seven Awards
Arab Bank was honored at an awards ceremony in Washington DC during the International Monetary Fund (IMF) and the Institute…
UAB profit jumps 23% in Q3
United Arab Bank has announced its financial results for the nine months ended 30 September 2011. In spite of continuing…
Commercial Bank of Dubai posts strong Q3 profits
Commercial Bank of Dubai today announced its results for the nine month period ended 30 September 2011. KEY FINANCIAL HIGHLIGHTS…
Abu Dhabi’s Falcon says close to goal of $1bn in assets
Falcon Private Bank, the Swiss bank owned by Abu Dhabi’s Aabar Investments, is close to reaching its target of $1bn…
Five major Saudi banks post strong Q3 profits
Five major Saudi banks posted third-quarter net profits, three of which beat analysts forecasts, citing lower operational costs as well…
Boubyan Bank announces a net profit of KD6.9m for the period till September 2011
Boubyan Bank's announced results for the first 9 months of this year (till the end of Q3) showed a net…
National Bank of Kuwait Posts Decline in Quarterly Profit
National Bank of Kuwait SAK, the country’s biggest bank, said third-quarter profit fell amid a weak operating environment. Net income…