Kuwait Sovereign Wealth Fund continues third highest
According to an announcement made by The International Institute for Global Sovereign Funds, Kuwait’s sovereign wealth fund has retained the…
Financial Results
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Banks public sector deposits grow 12% in Nov
The banking sector in Qatar demonstrated resilience and has registered an impressive growth in November. Qatar’s commercial banks have witnessed…
Turkey’s banking field registers USD5.8b of net profit
According to the Turkish banking regulator announcement on Wednesday, the country’s banking field recorded a 75.3 billion Turkish liras (USD5.8…
Saudi Central Bank’s assets go up by 2% in November to hit $504bln
Saudi Central Bank’s total assets went up by 2.2 percent in November from a month ago to hit SR1.89 trillion…
KPMG records strong growth in FY21 in the UAE
KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September…
Banque Saudi Fransi proposes dividends for H2-21
The board of Banque Saudi Fransi has recommended the distribution of cash dividends worth SAR 1.01 billion, representing 8.5 %of…
Riyad Bank's board proposes dividend distribution for H2-21
Mubasher: The board of Riyad Bank has recommended a cash dividend distribution, equivalent to 5.4% of the capital, for the…
Gulf Capital sees an 83% surge in the profitability of its private equity portfolio
Firm Continues Expansion Across Asia with New Office in Singapore Gulf Capital has announced record profitability results for its private…
GCC mergers and acquisitions volumes grow 39% in first half of 2021
The volume of mergers and acquisitions in the GCC increased 39 per cent annually in the first half of this…
Tadawul Group aiming to give 70% of its profits to shareholders
Saudi Tadawul Group is planning to allocate 70 percent of its profits as dividends unless it decides to push ahead…
Stable capital at GCC Islamic banks in 2022: Fitch
The 2022 sector outlook for GCC Islamic banks is neutral, reflecting a modest economic recovery and higher oil prices, said…
GCC banking sector net profits show increase
GCC banking sector net profits showed a q-o-q increase almost equivalent to the decline in loan loss provision (LLP) during…