Dubai’s trade with Kuwait touches $2.32bln in first half of 2020
Trade between Dubai and Kuwait reached Dh8.52 billion in the first half of 2020, according to figures released by Dubai…
Financial Results
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Dar Al Takaful repays $27.2mln Emirates NBD financing ahead of schedule
Dubai’s Dar Al Takaful has repaid 100 million UAE dirhams ($27.2 million) of acquisition financing to Emirates NBD Bank, despite…
Cash in circulation outside UAE banks rises by $4.4bln in 2020
The volume of cash circulating outside the UAE banks increased by AED 16.5 billion in 2020, bringing the cumulative balance…
Saudi bank profits face strain in 2021 despite economic recovery
Saudi banks could find it tough to maintain profitability in 2021 as the Saudi Central Bank lifts its support measures…
Al Baraka Islamic bank announces financial results for the year ended 31 December 2020
Al Baraka Islamic Bank has reported net profit attributable to the shareholders of BD 1.23 million in the fourth quarter…
Bank Nizwa's Wholesale Banking records remarkable double-digit growth
R. Narasimhan the General Manager - Wholesale Banking of Bank Nizwa speaks about the bank's significant role in developing and…
Bank ABC announces 2020 results
Strong Underlying Operating performance despite market factors resulted in underlying Net Operating Profit of $282 million before provisions Group progressing…
Most Gulf markets fall; Abu Dhabi gains
Most Gulf markets ended in the red on Thursday, with the Saudi index pressured by losses in its banking shares.…
GIS reports QR3bn revenue in 2020
Gulf International Services, one of the largest diversified service groups in Qatar with interests in oil and gas drilling, insurance,…
National Bank of Bahrain B.S.C. reports a net profit of BHD 53.3 million
National Bank of Bahrain B.S.C. has reported a 44.0% decrease in its net profit attributable to equity shareholders to BHD…
Abu Dhabi records real estate transactions worth $20.14bln
The value of real estate transactions in Abu Dhabi in 2020 totalled AED74 billion, with 19,000 transactions being executed, including…
Barwa Real Estate reports QR1.214bn net profit in 2020
Barwa Real Estate Group yesterday announced net profit attributable to the shareholders of the parent company amounting to QR1.214bn for…