Oman FDIs up by 5.9% in the first quarter
Oman reported a 5.9 percent increase in foreign direct investments during the first quarter of the year, latest data from…
Financial Results
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Eshraq Investments posts Q3 net profit of over $6m
Eshraq Investments, an Abu Dhabi-based investment company, has reported a net profit of AED23.06 million ($6.27 million) for Q3 2020,…
QFB’s total income remains stable in third quarter
Qatar First Bank has reported a net loss of QR20.2m attributable to equity holders of the Bank for the third…
Saudi SAMA: Mortgages loans reached 208,505 contracts until Q3 of 2020
Residential new mortgage loans for individuals reached 208,505 contracts, valued more than 96.7 billion, provided by all real estate financing…
UAE’s ADCB posts Q3 2020 net profit of Dhs1.3bn; down 3% y-on-y
Abu Dhabi Commercial Bank reported Q3 2020 net profits of Dhs1.366bn, which were 3 per cent lower year-on-year, although it…
ADCB reported a net profit of $372mln in the quarter ended September 30
Abu Dhabi Commercial Bank posted a 3% drop in third-quarter profit on Wednesday as the UAE's third-biggest lender took additional…
Ooredoo Kuwait Reports 8% Improvement in EBIDTA and 2% in Customer Base in Q3 2020 vs. Q2 2020
The first to launch e-learning solutions to support the Educational System in Kuwait Ooredoo Kuwait has announces its third quarter…
National Bank of Fujairah posts 87% drop in net profit in first nine months of 2020
National Bank of Fujairah on Wednesday reported an 87 per cent drop in its net profit for the first nine…
Kuwait cuts some rates to ease currency and virus pressures
Kuwait’s central bank has cut interest rates on some monetary policy instruments in an effort to ease pressure on the…
Trade between Saudi Arabia, Egypt worth $6.8bn, report shows
Trade exchange between Egypt and Saudi Arabia totalled about $6.8 billion in 2019, a slight drop on the $7.1 billion…
Saudi Arabia: E-Payments Hits Record Figure
Saudi Payments, a Saudi Arabian Monetary Authority (SAMA) subsidiary, has revealed an unprecedented figure for e-payments. Such payments exceeded…
Bank of Sharjah’s UAE profit up 38% in H1 2020
Bank of Sharjah on Wednesday reported a net profit of Dh210 million for its UAE operations in the first half…