Qatar posts robust 5.6% real growth in Q3 of 2020: PSA
A strong rebound in wholesale and retail trade, hospitality, utilities, information and communication, and manufacturing sectors helped Qatar post a…
Financial Results
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Egypt expected to restore pre-pandemic real GDP growth at 5.5% during FY2020/21
Egypt is expected to be the only country in the Middle East to restore pre-COVID-19 real GDP growth rates in…
UAE telecom giants Etisalat, Du increase foreign ownership limit to 49%
UAE's telecom giants Etisalat and Du have raised foreign ownership caps to 49 percent in a move to attract external…
Sharjah Islamic Bank posts Dh405.8m 2020 net profit
Sharjah Islamic Bank (SIB) on Wednesday reported a net profit of Dh405.8 million compared to Dh545.5 million for the year…
Ominvest's net profit rises to OMR33.7 million
Oman International Development and Investment Company SAOG , one of the oldest and the largest investment company in the Sultanate,…
Sharjah Islamic Bank achieved a net profit of AED 405.8 million for the year 2020 and propose 8% cash dividend
Sharjah Islamic Bank has reports an increase in its operating profits before provisions by 8.7%, amounting to AED 697.7 million,…
Emirates NBD sees increased remittances via 60 second DirectRemit service
Emirates NBD has recorded an increase of over 20% in the number and value of funds transfers via its DirectRemit…
Qatar banks’ assets rose by 3.7% in first nine months of 2020: PwC
The aggregated total assets of Qatar’s eight listed commercial banks on the Qatar Stock Exchange grew by 3.7 percent to…
QFC posts 63.7% jump in number of new firms in 2020
The Qatar Financial Centre has witnessed a "significant" 63.7% year-on-year increase in the number of new firms licensed on its…
QIB net profit rises to QR3.07bn in 2020
Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani, Chairman of Qatar Islamic Bank (QIB) announced yesterday that QIB…
Ahlibank net profit rises to QR680.06m in 2020
Ahli Bank PQSC yesterday announced a net profit of QR680.06m for the year ended 2020 compared to net profit of…
Assets of Abu Dhabi, Dubai banks rise to Dh2.95 trillion
The total assets of banks in Abu Dhabi and Dubai surged to nearly Dh2.947 trillion in seven months to the…