National Bank of Bahrain's Q1 net profit soars to $41m
National Bank of Bahrain has reported a 1.3% increase in its net profit attributable to equity shareholders to BD15.6 million…
Financial Results
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MSX index sees growth in first quarter of 2021
Muscat Stock Exchange posted a positive performance by the end of the first quarter of 2021 (Q1-2021). MSX main…
UAE national banks post Dhs7.7 billion net profit in first quarter of 2021
According to data issued by the these banks, six ADX-listed banks booked around Dhs4 billion in profits during the first…
Investments in MENA power sector to surge to $250bln over 5 years
Investments into the power sector is set to surge in MENA, driven by a shift to renewables over the next…
Arab Bank Group reports first quarter 2021 net profit of $128.3 million
Arab Bank Group has consolidated the financial statements of Oman Arab Bank under Group accounts in the first quarter of…
Bank of Sharjah Group reports Dh666 million consolidated net loss in 2020 from provisions in Lebanon
Bank of Sharjah Group reported a consolidated net loss of Dh666 million for 2020 after making significant provisions for its…
ADIB eyes sustained growth with 125% Q1 net profit surge
Abu Dhabi Islamic Bank said on Sunday that it is well-positioned for a period of sustained growth in 2021 on…
Dukhan Bank first-quarter net profit jumps 10.3%
Dukhan Bank has posted a first-quarter net profit of QR267mn, up 10.3% on the first quarter of 2020. The…
SABB reports profit of SAR 970 million
The Saudi British Bank (“SABB”) recorded a net profit after Zakat and income tax of SAR 970 million for the…
Commercial Bank of Dubai ’s profit up 3.1% at $88.55mln
Commercial Bank of Dubai (CBD) has reported a 3.1 per cent increase to Dh325 million in first-quarter net profit year…
Mashreq posts $11.71mln net profit in Q1
Leading UAE financial institution Mashreq reported on Thursday a Dh43 million net profit for the first quarter of 2021. …
Omani banks face rising bad loans amid slow economic recovery
Omani banks’ intrinsic credit profiles face pressure throughout 2021 due to economic disruption caused by the pandemic and the government’s…