Why GCC bank profits will remain under stress despite Q3 revival?
The Gulf’s banking sector continued to report lower profits in the third quarter of 2020 according to reported data from…
Financial Results
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UAE’s October and November Capital market performances and two strong movers
Most major Gulf markets struggled in the final trading session of the week on Thursday, as a rally fuelled by…
Dubai real estate fund ENBD REIT faces 'significant pressure'; asset value falls
Dubai’s ENBD REIT, a Shariah-compliant real estate investment trust, managed by the asset-management arm of Emirates NBD, has seen a…
Total deposits in Oman's banking sector grow 5% to $63bln
The total deposits held with other depository corporations reached OMR24.3 billion at the end of September 2020, an increase of…
QSE edges lower amid profit booking
The Qatar Stock Exchange yesterday witnessed profit booking pressure, especially at the banking, consumer goods and telecom counters, leading its…
UAE banks' profits deteriorate; bad loans likely to go up
Profits of UAE’s top banks continued to deteriorate in the second quarter of the year as interest rates and credit…
Top UAE banks face ‘sizeable’ surge in NPLs
Net income of the top 10 UAE listed banks declined by 3.0 per cent in the third quarter of 2020…
SAMA’s miscellaneous assets soar 3,344% in a year
The Saudi Arabian Monetary Authority (SAMA) recorded a huge jump in its assets, classified as miscellaneous assets, by 3,344 percent,…
Qatar- Banks record impressive growth in assets
At the time when COVID-19 pandemic has stalled pace of growth of global banking sector, Qatari banks have managed to…
UAE Central Bank's total assets up 2 pct to AED3,252.5 bn by end of Q3-2020
At the end of the third quarter of 2020 total assets of banks operating in the UAE increased by 2%…
Global debt on track to exceed $277trln in 2020 – IIF
The global debt load has increased by $15 trillion in the first three quarters of 2020 and now stands above…
Bank Hapoalim Announces Third Quarter 2020 Financial Results
Bank Hapoalim has announced its financial results for the third quarter ended September 30, 2020. Key financial highlights: Net…