Top Qatari bank's quarterly net surges on interest income
Qatar National Bank SAQ, the Persian Gulf country’s biggest bank by assets, posted a 31 percent gain in third-quarter profit…
Financial Results
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Dubai's Mashreq sees lower profit growth in 2011
Mashreq Bank , Dubai's second-largest lender by market value, expects lower profit growth this year as global economic worries hamper…
Bankers fear repeat of 2008 meltdown
Europe's financial system is in the midst of a crisis that leading bankers are comparing to the period just before…
GCC banks see provisions fall by 15% in Q2
Banks in the Gulf region saw provisions for non performing loans fall by 15 percent in the second quarter of…
Bank Hapoalim reports 2Q results
Bank Hapoalim (tase:POLI) (adr:BKHYY), Israel's leading financial group, today announced financial results for the second quarter ended June 30, 2011.…
Turkey Financial Industry Profit Falls $1 Billion in First Half
Turkish financial industry profit fell 1.8 billion liras ($1.03 billion) in the first six months of the year from the…
Lebanon included in HSBC restructuring plans
HSBC has embarked on a major global restructuring program that will include its operations in Lebanon, a banking source told…
Al Baraka Islamic Bank operating income soars
Al Baraka Islamic Bank continued its efforts in expanding business operations in Bahrain and Pakistan by building sustainable business relations…
National Bank of Oman sees profit growth slowing
National Bank of Oman, the sultanate's second-largest lender by assets, may see its profit growth slow for the full year…
Bank Dhofar sees return to profit in second half of year
Omani lender Bank Dhofar said a $68 million (Dh249.7 million) lawsuit filed by rival Oman International Bank will not hit…
Kuwait's Global Investment narrows Q2 loss
Kuwait's Global Investment House reported a narrower second quarter loss on Monday, buoyed by fee-based income and lower operating costs.…
Egypt's EFG-Hermes sees Q2 net profit fall by 19%
EFG-Hermes, Egypt's biggest investment bank, said on Sunday its net profit for the second quarter of 2011 fell 19 percent…