How the UAE's largest banks bounced back during Q1
Aggregate net income increased by 85 percent quarter-on-quarter (QoQ) Loan & advances declined whereas deposits increased in Q1’21 Alvarez &…
Financial Results
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Gulf-based Opontia raises $20mln to fund acquisitions, recruitment
Newly launched Gulf-based startup Opontia has raised $20 million to help it to finance acquisitions of e-commerce brands in the…
Bank of Sharjah achieves robust underlying profit performance
Bank of Sharjah delivers strong UAE profit performance of AED309 million, and net consolidated Group profit (before exceptional non-cash items)…
Emaar Properties sees sales jump 250%
The company saw property sales in Dubai surge by 250 per cent in the first five months of 2021, compared…
Bank of Sharjah accumulated losses at Dh182m by end 2020 on Lebanon exposure
Bank of Sharjah had accumulated losses of Dh182.15 million as of end last year, principally brought on by regulatory requirements…
Kamco Invest successfully completes exit of 24% stake in Al Mazaya Holding on behalf of its client
Kamco Invest announced that Special Situations Asset Management, in collaboration with Investment Banking, successfully completed the exit of a major…
GCC Corporate Earnings Report : Q1-2021 – Kamco Invest
Earnings reported by GCC-listed companies witnessed a faster-than-expected recovery during Q1-2021 backed by healthy growth seen in almost all sectors.…
UAE's GDP to recover to pre-pandemic levels over next three years – Moody's
Moody’s has rated the UAE’s credit profile as Aa2 stable in its annual credit analysis, reflecting the government’s strong balance…
UAE Central Bank foreign assets reach Dhs392.4bn by end of Q1 2021
The foreign assets held by the Central Bank of the United Arab Emirates (CBUAE) increased to Dhs392.4bn by the end…
Saudi-listed companies see total profits surge 44% in Q1 2021
Companies listed on the Saudi stock exchange (Tadawul) reported a 44 percent year-on-year increase in aggregate net profit during the…
Egypt’s Commercial International Bank reports Q1 consolidated revenue of 6.27 billion Egyptian pounds
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…
Bahrain: ES reports for FY 2020 must be submitted on ITIES portal
Bahrain’s Ministry of Industry, Commerce and Tourism has directly notified businesses that entities subject to economic substance (ES) requirements in…