Israel's Hapoalim ready to resume regular dividends after one-time payout – CFO
Bank Hapoalim is confident that its financial position will enable it to resume regular ordinary dividend payments once the regulator…
Financial Results
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Takaful’s net profit rises 75%
Takaful International Company’s board of directors have approved the financial results for the three month period ended June 30, 2021.…
Saudi British Bank swings to $245mln Q2 net profit
Saudi British Bank (SABB), an affiliate of HSBC Holdings, swung to a net profit of 919 million riyals ($245 million)…
Investcorp swings to profit, N.American PE fund raises $1bln
Manama-based Investcorp on Wednesday posted a net profit of $124 million for its financial year ending June 30, rebounding from…
Dubai Islamic Bank raises foreign shareholding limit to 40%
Foreign investors can pick up to 40 per cent in Dubai Islamic Bank, which has received clearance from the UAE…
Standard Chartered H1 profit surges on strong business momentum
Standard Chartered Bank in Africa and Middle East region reported on Tuesday a 37 per cent year-on-year surge in profit…
Kuwait Finance House Q2 profit more than triples
Kuwait Finance House, a Sharia-compliant bank, said on Tuesday net profit for the second quarter more than tripled due to…
Saudi lenders report strong profit growth amid economic recovery
Four Saudi lenders on Sunday reported strong second-quarter profit growth as the Arab world's biggest economy continues to recover from…
Saudi mortgage lending surges 27% in first half of 2021 – SAMA
Residential mortgage financing in Saudi Arabia jumped by more than a quarter in the first half of the year even…
Arab Bank Group First Half 2021 Net Profits Grow By 20%
Arab Bank Group reported net income after tax of $182.4 million as compared to $152.1 million for the same period…
Qatar’s fiscal account to return 'surplus' this year on 'recovering' oil price: EIU
Qatar’s fiscal account will return to surplus this year aided by recovering global oil prices, Economist Intelligence Unit (EIU) has…
GCC’s Islamic insurers face profitability challenges in 2021
GCC’s Islamic insurers (Takaful) are expected to face profitability pressures due to very high competition in the overcrowded insurance industry…