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…
Financial Results
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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),…
Doha Bank Achieves Net Profit of QR. 703 Million for 2020
His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, has announced…
Bank Albilad 2020 net profit up 8% to $346.6m
Bank Albilad reported a net profit of SR 1.348 billion ($346.6 million) for 2020, up 8 percent, compared to SR…