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…
Financial Results
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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…
GIB reports net profit of $37.9mln attributable to shareholders
The fourth quarter of 2021 recorded a marginal net loss attributable to the Shareholders of the Bank of $1 million,…
Qatar First Bank achieves net profit attributable to equity holders of the bank of QR100.37m for the year ended 31st December 2021
Qatar First Bank LLC announced its financial results for the year ending 31 December 2021, recording the Bank’s highest ever…