Sukuk issuance will drop in 2021 as finances of Gulf countries improve
After five consecutive years of growth, global sukuk issuances will be flat or slightly lower this year as higher crude…
Financial Results
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Bahrain's cashless transactions reached $3.62bln in H1 2021
Cashless transactions in Bahrain surged by 50 percent year-on-year to $744 million in August after reaching nearly $4 billion in…
Crisis or not: UAE financial wealth continues its growth, says BCG
Despite the pandemic’s enduring financial impact, global prosperity and wealth continued to grow throughout the crisis, both globally as well…
Dubai International Financial Centre continues strong growth in H1 2021
Strong H1 performance reinforces Dubai’s status as a leading global financial centre DIFC has achieved its ‘2024 Strategy’ growth targets…
Axa sells insurance operations in Gulf region
AXA announced today that it has completed the sale of its 50% shareholding in AXA Gulf and its 34% shareholding…
Top UAE banks’ profits recover on easing provisions and economic recovery
Profits at large UAE banks rose during the first six months of 2021 after a modest improvement in the operating…
Easing provisions drive solid recovery in UAE banks’ profits
Profits at large UAE banks surged during the first six months of 2021 after a modest improvement in the operating…
UAE banks top GCC banking sector profit growth in Q2-2021
UAE banks reported the biggest increase in profits during the second quarter of 2021, registering 11.8 per cent quarter-on-quarter, according…
Saudi banks lead Gulf in loan growth as sector posts strong quarter
Saudi Arabian banks reported the Gulf’s biggest increase in net loans in the second quarter while return on equity surged…
Top 10 UAE banks record healthy Q2 rebound
The top ten UAE banks recorded a healthy rebound in profitability and balance sheet metrics in the second quarter with…
GCC banks saw record loan growth in Q2 as economies revived
Listed banks in the GCC continued to post robust growth in lending activity during the second quarter (Q2) of 2021,…
Bank Alfalah posted market leading growth in deposits and consumer lending – profit up by 24%
The Board of Directors of Bank Alfalah Limited in its meeting held on August 25, 2021, approved the Bank’s unaudited…