Dubai's Gulf Navigation refinances its biggest loan, eyes Dh4m in savings
In what could be a significant boost to its cashflow position, Gulf Navigation Holding has restructured its biggest loan exposure…
Financial Results
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National Bank of Fujairah PJSC reports Q1 2021 results
The bank achieved its best operating and net performance after the emergence of COVID-19 pandemic benefitting from its robust liquidity…
Commercial Bank of Dubai reports net profit of AED 325m and operating profit of AED 535m
Commercial Bank of Dubai has reported its financial results for the first quarter of 2021. Solid sustainable high quality…
Emirates NBD Capital records strongest ever quarter in debt capital market
Emirates NBD Capital, the investment banking arm of Dubai-headquartered Emirates NBD, has recorded its strongest ever quarter in the debt…
Dubai's Shuaa to pay $20.6mln cash dividends after profits more than doubled
Asset management and investment banking firm Shuaa Capital is set to distribute more than 76 million dirhams ($20.6 million) in…
ADCB PJSC reports first quarter 2021 net profit of AED 1.121 billion
Abu Dhabi Commercial Bank PJSC has reported its financial results for the first quarter of 2021 (“Q1’21”). Strong financial…
Family businesses transforming for a sustainable future: PwC survey
In an exceptionally challenging year, PwC Middle East’s latest Family Business survey illustrates the extraordinary resilience and agility of family…
Outlook: Emirates NBD could be a key beneficiary of Dubai's recovery
BofA Global Research has raised its 2021 expectation for Emirates NBD’s earnings per share (EPS) by 9 percent and its…
FAB reports a Group Net Profit of AED 2.5 Billion for the first quarter of 2021
First quarter results reflect gradual economic recovery Net profit of AED 2.5 Billion, up 3% year-on-year Annualised Earnings Per…
Saudi Arabia's Al Rajhi Bank's first quarter profit surges 40% on stronger economic recovery
Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 40 per cent increase in first-quarter net profit on…
UAE’s Emirates Islamic Bank posts 37% rise in Q1 net profit
UAE-based lender Emirates Islamic Bank has posted a Q1 2021 net profit of Dhs212m, up 37 per cent year-on-year from…
NBK reports KD 84.3mn net profit for Q1
National Bank of Kuwait (NBK) has announced its financial results for the first quarter ended 31 March 2021. NBK reported…