ADCB delivers 'resilient' performance despite testing times
Abu Dhabi Commercial Bank, the UAE’s third-largest lender, delivered a 'resilient' performance amid testing times and its long-term growth fundamentals…
Financial Results
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Trade between Dubai and Israel reaches $272mln in five months
Dubai's trade with Israel in the last five months (Sep 2020 -Jan 2021) reached a value of AED1 billion and…
National Bank of Fujairah PJSC (NBF) Reports Year End 2020 Results
NBF’s year end results show high level of resilience despite the significant impact of the COVID-19 pandemic and a few…
Saudi SABIC posts $592mln net profit as certain impairments reversed
Saudi Basic Industries Corp posted a net profit of 2.22 billion riyals ($592 million) in the fourth quarter, reversing a…
Top UAE banks’ profits drop amid pandemic
The United Arab Emirates’ top two banks reported drops in profit last year as they make huge provisions to counter…
Bank Muscat board proposes 35 per cent dividend for 2020
Bank Muscat, the leading financial services provider in the Sultanate, has proposed a 35 per cent dividend for the year…
The Commercial Bank (P.S.Q.C.) announces net profit of QAR 1,301.2 million for the year ended 31 December 2020
The Commercial Bank has announced its financial results for the year ended 31 December 2020. The Group reported a net…
Emirates NBD Announces Full Year 2020 Results
Total income of AED 23.2 billion improved 4% y-o-y Total Assets up 2% y-o-y to AED 698 billion Operating Profit…
Boubyan Bank records operating profits of KD 93 million in in 2020
Al-Shaya: Allocation of Additional Provisions Bolsters the Bank's Financial Position Against Any Future Repercussions of the Covid-19 Crisis Al-Majed:…
Arab Bank Group reports net profits of $195.3 million for 2020 12% cash dividends
Arab Bank Group has closed 2020 reporting net income after tax of $195.3 million as compared to $846.5 million in…
Qatar commercial banks post more than 9% jump in total domestic credit in December 2020
A strong double-digit year-on-year growth in loans to the services and trading sectors led Qatar's commercial banks report more than…
Bahrain's real estate bounces back in 2020 with $1.9bn deals
Bahrain's real estate sector bounced back during the second half of 2020, increasing by about 14 per cent and 20…