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…
Financial Results
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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…
Saudi Arabia's Al Rajhi Bank reports 40% increase in Q1
Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 40.1 % rise in net profit, boosted by an…
Dubai's Emirates NBD Group’s first quarter 2021 net profit at Dh2.32b, gaining 12%
Emirates NBD Group reported net profits of Dh2.32 billion for the first quarter, a 12 per cent year-on-year gain and…
Dubai-based Oman Insurance gets 'positive' rating from S&P
Dubai-based Oman Insurance (OIC) has gained a "positive" outlook rating from S&P following a positive performance. The rating could…
Sharjah Insurance's shareholders approve 7% dividends for 2020
The ordinary general meeting (OGM) of Sharjah Insurance Co has approved distributing cash dividends, equivalent to 7% of the paid…
Sharjah Islamic Bank records 7% higher profits in Q1-21
Sharjah Islamic Bank (SIB) reported a 6.8% increase in net profits attributable to the shareholders to AED 164.2 million during…
Bank Muscat reports net profit of OMR47.15 million
Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary unaudited results for the three months ended 31…
IMF calls for "strong" fiscal consolidation in Kuwait
The International Monetary Fund said on Thursday Kuwait would need strong fiscal consolidation to support growth after its finances were…
Dubai Islamic Bank successfully closes lowest-ever pricing on an AT1 issuance from the GCC
Dubai Islamic Bank PJSC, rated A3 by Moody's and A by Fitch today successfully priced a landmark USD 500 million…
Deyaar profits rise, sees Dubai property demand growing
Deyaar, one of Dubai’s biggest property developers, reported a rise in first quarter profit, the company said in a statement.…
Saudi's SABIC to distribute $1.2bln in H2 2020 dividends
The Saudi Basic Industries Corporation has approved cash dividends amounting to SR4.5 billion ($1.2 billion) to shareholders for the second…