Financial Results

Financial Results

Egypt’s Commercial International Bank reports Q1 consolidated revenue of 6.27 billion Egyptian pounds

May 24, 2021

Egypt’s Commercial International Bank reported first-quarter consolidated revenue of EGP6.27 billion ($400 million), a 2 percent year-on-year decline.   First-quarter…

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Financial Results

Bahrain: ES reports for FY 2020 must be submitted on ITIES portal

May 21, 2021

Bahrain’s Ministry of Industry, Commerce and Tourism has directly notified businesses that entities subject to economic substance (ES) requirements in…

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Financial Results

Global real estate investment proves resilient, yet uneven, in Q1 2021

May 20, 2021

Global real estate transaction volumes declined by 13% year-on-year in the first quarter of 2021. According to the recently published…

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Comment & Analysis

Strong credit growth to sustain profitability of Saudi banks in 2021

May 19, 2021

Banks in Saudi Arabia are expected to maintain strong loan growth in 2021, largely led by retail lending leading to…

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Comment & Analysis

UAE FDI inflow climbs over 44% to $19.88bn in 2020

May 17, 2021

FDI inflows to the UAE grew 44.2 per cent in 2020 to $19.88bn compared to 2019, according to a report…

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Comment & Analysis

Infrastructure companies show strong signs of recovery – Kuwait's Agility CEO

May 17, 2021

Kuwait-based Agility’s CEO Tarek Sultan said his infrastructure companies have shown strong signs of recovery from the effects of the…

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Comment & Analysis

Qatar’s fiscal balance to scale up to 3% of GDP in 2025 from 1.4% this year: FocusEconomics

May 17, 2021

Qatar’s fiscal balance will scale up to 3% of the GDP in 2025 from 1.4% this year, FocusEconomics has said…

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Financial Results

Amlak Finance back in black with Dh6m Q1 net profit

May 17, 2021

Islamic real estate financier Amlak Finance reported a net profit of Dh6 million for Q1 2021, compared to Dh139 million…

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Comment & Analysis

Saudi bank mortgage portfolios to expand 30 percent annually says S&P

May 17, 2021

Strong housing demand and the government’s commitment to meet Vision 2030 targets is expected to support Saudi credit growth over…

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Comment & Analysis

UAE banks to soft land amid profitability and asset quality challenges

May 17, 2021

The UAE’s banking sector that came under pressure from huge spike in loan loss provisions and squeeze on profitability from…

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Financial Results

Israel's Bank Hapoalim first quarter profit jumps on reversal of loan loss provision

May 14, 2021

Bank Hapoalim, Israel's largest lender, reported a higher than expected jump in quarterly profit, boosted by a reversal of provisions…

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Financial Results

Bank ABC announces Q1 2021 results

May 13, 2021

Bank ABC - Bahrain Bourse Trading Code “ABC” - has announced its results for the first quarter of 2021.  …

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