Global real estate investment proves resilient, yet uneven, in Q1 2021
Global real estate transaction volumes declined by 13% year-on-year in the first quarter of 2021. According to the recently published…
Financial Results
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Strong credit growth to sustain profitability of Saudi banks in 2021
Banks in Saudi Arabia are expected to maintain strong loan growth in 2021, largely led by retail lending leading to…
UAE FDI inflow climbs over 44% to $19.88bn in 2020
FDI inflows to the UAE grew 44.2 per cent in 2020 to $19.88bn compared to 2019, according to a report…
Infrastructure companies show strong signs of recovery – Kuwait's Agility CEO
Kuwait-based Agility’s CEO Tarek Sultan said his infrastructure companies have shown strong signs of recovery from the effects of the…
Qatar’s fiscal balance to scale up to 3% of GDP in 2025 from 1.4% this year: FocusEconomics
Qatar’s fiscal balance will scale up to 3% of the GDP in 2025 from 1.4% this year, FocusEconomics has said…
Amlak Finance back in black with Dh6m Q1 net profit
Islamic real estate financier Amlak Finance reported a net profit of Dh6 million for Q1 2021, compared to Dh139 million…
Saudi bank mortgage portfolios to expand 30 percent annually says S&P
Strong housing demand and the government’s commitment to meet Vision 2030 targets is expected to support Saudi credit growth over…
UAE banks to soft land amid profitability and asset quality challenges
The UAE’s banking sector that came under pressure from huge spike in loan loss provisions and squeeze on profitability from…
Israel's Bank Hapoalim first quarter profit jumps on reversal of loan loss provision
Bank Hapoalim, Israel's largest lender, reported a higher than expected jump in quarterly profit, boosted by a reversal of provisions…
Bank ABC announces Q1 2021 results
Bank ABC - Bahrain Bourse Trading Code “ABC” - has announced its results for the first quarter of 2021. …
ADIB registers profits in Q1
Abu Dhabi Islamic Bank-Egypt posted a consolidated net profit before minority interest of EGP 328.222 million in quarter one (Q1)…
Bahrain: GFH Financial Profits Up 217%
The Group reported net profit attributable to shareholders of $16.12 million compared with $5.08 million in Q1 2020, up 217.2…