UAE banking assets to grow by up to 10% next year amid Expo boost and economic recovery
UAE’s banking assets are expected to grow by between 8 per cent and 10 per cent in 2022 as the…
Financial Results
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Saudi Arabia's Al Rajhi Bank sees 43% rise in net profit
Al Rajhi Bank, the biggest retail lender in Saudi Arabia, reported a significant jump in net profit for the third…
Saudi National Bank posts 20% rise in quarterly profit
Saudi National Bank (SNB), the country’s biggest lender, on Sunday posted a nearly 20 percent rise in third-quarter profit from…
KFH reports KD 168.1 million net profit for shareholders until end of Q3 ’21, up 66.1%
Chairman of Kuwait Finance House (KFH), Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, reported net…
Dubai's biggest bank still waiting for asset quality to improve
Emirates NBD PJSC has reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely…
Sharjah Islamic raises foreign ownership limit to 40% amid strong investor demand
Sharjah Islamic Bank will raise foreign ownership to 40 per cent amid “strong” demand from investors. “Investors from all…
Kuwait’s Boubyan Bank net profits grow by 37%, plans ESG framework
Kuwait’s Boubyan Bank net profits rose by 37 percent during the first nine months of 2021 while operating profits recorded…
Emirates NBD: Q3 2021 net profit up 29% YoY to AED 7.3 billion
Emirates NBD's strong Q3 results, with net profit up 29% YoY, demonstrate financial resilience and the success of its diversified…
Emirates Islamic swings to $218mln net profit on lower impairment costs
Emirates Islamic’s earnings have rebounded on the back of higher non-funded income and lower impairment allowances. The Islamic lender…
Al Khaliji Commercial Bank reports Q3, 2021 results
Al Khalij Commercial Bank (al khaliji) P.Q.S.C., announced its financial results for the third quarter of 2021, reporting a year…
QIB nine-month net profit rises 13.9% to QR2.52bn
The bank’s total assets stood at QR186bn, up 6.7% on December and 9.4% compared to September 2020 QIB posted…
World Bank official predicts 3.3% GDP growth for Saudi Arabia in 2022
With an improvement in global oil demand, the World Bank has predicted Saudi Arabia’s average gross domestic product to reach…