GCC’s consulting market shrinks 12.4% in 2020
The GCC consulting market shrunk by 12.4 per cent in 2020, contracting for the first time in its history. …
Financial Results
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Qatar commercial banks' total assets grow 8.84% y-o-y to QR1.7tn in Feb
A month after the Gulf crisis was defused; Qatar's commercial banks witnessed growth in overseas assets, especially in sukuk in…
Bank Muscat AGM approves 25% cash dividend, 10% bonus shar
Bank Muscat held an Extraordinary General Meeting (EGM) and an Annual Ordinary General Meeting (AGM) of its shareholders on Tuesday,…
ADCB recommends AED1.878 billion in cash dividends for 2020
Abu Dhabi Commercial Bank recommended a cash dividend of AED 0.27 per share, translating to a pay-out of AED1.878 billion,…
NBK-Bahrain reports net profits of BHD 117.51 million (KWD 94.68 million) for 2020
Fardan: Our profits for 2020 is a testament to our resilience and quick adaptability to the challenges resulting from the…
Kuwait’s KIPCO profits fall even as more people watch OSN at home
Kuwait Projects Company Holding reported a 78 percent drop in net profit last year to KD6.5 million ($21.4 million). …
BBVA says commitment to Turkey unchanged, shares fall 6%
Spain’s BBVA on Monday said its commitment to Turkey was unchanged despite a 15 percent decline in Turkey’s lira to…
ADNIC shareholders to get $54mln dividends as UAE insurer's profits rise 30%
UAE insurer Abu Dhabi National Insurance Company is set to distribute 199.5 million dirhams ($54 million) in cash dividends for…
Dubai records 3,787 real estate sales transactions worth $2bln in February 2021
Dubai’s real estate market recorded 3,787 sales transactions worth AED7.43 billion in February 2021, a 13.8 percent increase from January…
GCC Quarterly Review – Q1 2021
The first quarter of 2021 saw a number of legal developments in the Gulf Cooperation Council (GCC) region (Bahrain, Kuwait,…
EFG Hermes delivers robust results despite a challenging operating environment, with Group revenues up 12% Y-o-Y to EGP 5.5 billion in FY20
EFG Hermes has reported its full year results for 2020, with revenues climbing 12% Y-o-Y to successfully surpass the EGP…
UAE gross bank assets at Dhs3.172 trillion at the end of January
Gross bank assets in the UAE, including bankers’ acceptances, were recorded at Dhs3.172 trillion by the end of January 2021,…