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…
Financial Results
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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…
Abu Dhabi market leads broader gains
Stock markets in the Gulf ended higher on Monday, with the Abu Dhabi index marking its best session in more…
HSBC MENAT eyes growth opportunities as GDP, trade rebound
HSBC has ambitious plans for growth in its business in the Middle East, North Africa and Turkey (MENAT), where a…
Bank Muscat posts net profit of OMR163.36 million
Bank Muscat, the leading financial services institution in the Sultanate, announced its preliminary unaudited results for the year ended December…
Improved GCC equity outlook amid Covid-19 vaccines rollout: NBK
GCC equity markets will likely continue to be influenced by their global peers, geopolitical factors, oil market stability, implementation of…
KPMG in Bahrain and the region continue its' growth despite the COVID pandemic
The aggregated revenue of KPMG member firms in the Middle East & South Asia (“MESA”) region grew by 3.7% in…
Saudi Arabia generates $382.9m in investment banking fees
Saudi Arabia, along with the UAE, generated two-thirds of the investment banking fees in the Middle East and North Africa…
Qatar National Bank profits drop 16% as loan loss provisions rise
Qatar National Bank, the Gulf’s biggest bank by assets, on Tuesday reported a drop in annual profit of more than…
Bahrain’s GDP shrinks 6.9% due to pandemic
The coronavirus pandemic has significantly decreased the contribution of various economic sectors to the GDP of Bahrain last year, shows…
EBRD reports record 2020 investment in response to Covid-19
The European Bank for Reconstruction and Development responded to the coronavirus pandemic with record investment of €11 billion in 2020…
Access Bridge Ventures marks first closing of its $25m regional venture capital fund
Access Bridge Ventures, a newly launched regionally focused early-stage venture capital fund, has made a first close. The fund,…