Abu Dhabi Islamic Bank posts strong recovery in H2
Abu Dhabi Islamic Bank (ADIB) said it has delivered strong recovery of 73 per cent growth in net profit in…
Financial Results
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KIB reported KD 64 million operating income for EOY 2020
Total Assets upward of KD 2.80 billion Growth of 6% in financing portfolio reaching KD 2 billion Growth in Depositors'…
Long-term lower revenues to strain GCC spending: IMF
GCC economic fundamentals are forecast to strengthen in 2021 on the back of a buoyancy in oil prices, but in…
Central Bank's total assets up 6.6 percent to AED470.5 bn in December
The total assets of the Central Bank of the United Arab Emirates grew 6.6 percent to AED470.5 bn by the…
UAE's Oman Insurance records its best net income in 5 years, at Dh196.5m
One of the UAE’s biggest names in its industry, Oman Insurance Co. improved on its net income, totaling Dh196.5 million…
Al Salam Bank-Bahrain reports $2.8mln Q4 profit
Al Salam Bank-Bahrain reported a net profit attributable to shareholders of BD1.1 million ($2.8 million) in the fourth quarter (Q4)…
UAE's Mashreq bank to focus on digital investments
Mashreq reported on Wednesday a 14.1 per cent drop in revenue to Dh5.1 billion and a loss of Dh1.3 billion…
Total deposits in Oman's banking sector grow 2.9% to OMR24.3 billion
Data issued by the Central Bank of Oman (CBO) indicated that the total deposits held with ODCs (other depository corporations)…
Middle East M&A activity records slow growth during H2-2020
Mergers and acquisitions (M&A) deal-making in the Middle East was slower in 2020 compared to 2019. There were 220…
Sharjah real estate transactions value record AED 15.9 billion in 2020
Al Shamsi: The Government's stimulus decisions remarkably surged the number of property sales. Al Shamsi: Tributes to all staffers for…
Mashreq reports Dh1.3 billion net loss in 2020
Mashreq, one of the leading financial institutions in the UAE, has reported a net loss of Dh1.3 billion in 2020…
National Commercial Bank net profit rises 0.3% to $3.04bn for 2020
National Commercial Bank (NCB) reported net profit of SR 11.4 billion ($3.04 billion) for 2020, up 0.3 percent year-on-year (YoY),…