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.…
Financial Results
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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…
Barwa reports robust 51% jump in net profit
Qatar's Barwa Real Estate Company said on Sunday that its first half net profit rose by just over 50 percent…
Capinnova Investment Bank announces second quarter results
Bahrain-based Capinnova Investment Bank, the Shari’a compliant investment banking arm of BBK, has reported a net profit of $806,000 for…
SICO posts net profit of BD1.127m for Q2
Bahrainâbased Securities & Investment Company (SICO) announced today a net profit of BD 1.127 million for the second quarter of…
Dubai Mercantile Exchange Sets New Records In July
The Dubai Mercantile Exchange Limited (DME) announced today that it set two new trading records during the month of July…
Abu Dhabi Islamic Bank posts 5% net profit increase
Abu Dhabi Islamic Bank (ADIB) posted a record net profit of AED 316.6 million for Q2 2011, an increase of…
GCC banks post mixed 2nd quarter earnings
Banks in the oil-rich Gulf Cooperation Council countries have announced a mixed set of second quarter earnings, with profitability…
ABC Islamic Bank announces 264% increase in half-year profit to US$5.1 million
Net profit for the second quarter was $2.1 million compared to $3.0 million in the first quarter. Total income…
Deposit growth fuels profits for Lebanese banks
Lebanon’s four largest publicly listed banks sailed through an Arab political storm and reported a solid 4.6 percent year-over-year growth…
Kuwait's KIPCO posts 295pc rise in H1 net profit
Company, also known as KIPCO, announced a net profit of KD16.6m ($60.5m) for the first six months of 2011. This…
Julius Baer Profit Drops 21%
Julius Baer Group's financial performance was again impacted by the continued strengthening of the Swiss franc against key currencies. Operating…