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…
Financial Results
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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…
SHUAA Capital reports preliminary FY 2020 net profit of AED 125 million up 166% from 2019
•Strong growth in profitability despite COVID-19, underscoring the resilience of the business model in a year of transformation •Net income…
Economic, commercial activities in UAE continue positive run in first half of February
Economic and commercial activities in the UAE continued their positive run in the first half of February 2021, reflecting the…
ADX requires companies to produce annual financial report on time
The Abu Dhabi Securities Exchange has asked companies to produce their audited annual financial report on time. ADX said…
Emirates Investment Bank turns to losses in 2020
Emirates Investment Bank has incurred annual net losses of AED 29.315 million in 2020, versus net profits of AED 8.851…
Dubai Islamic Bank’s net profit drops 38% in 2020 due to increased provisions
Dubai Islamic Bank (DIB) on Tuesday announced its 2020 financial results which revealed a 38 percent slump in net profits.…
Oman’s inflation drops 1.57 per cent in January
The inflation rate in the Sultanate fell by 1.57 per cent in January 2021 compared to the same month of…
Foreign and domestic funds turn increasingly net buyers on QSE
Foreign and domestic funds were increasingly net buyers on Monday in an otherwise bearish Qatar Stock Exchange, amidst increased trading.…
BBK records $34.48m profit for Q4
Bahrain's BBK bank achieved a net profit attributable to the owners of BD13 million ($34.48 million) for the fourth quarter…
Dubai-based insurance firm Aman confirms closure of 'unprofitable' branches
Dubai Islamic Insurance and Reinsurance Company (Aman) said Sunday it will “relentlessly” work on its new investment strategy and optimise…
QIC Group reports QR12.2bn gross written premiums in 2020
Qatar Insurance Group’s, the leading insurer in the MENA region, gross written premiums for the year have remained stable at…