Banks’ credit witnesses growth in September
Rise in economic activity in the country has led to increase in credit offtake from banks. The total domestic credit…
Financial Results
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Saudi SABB Takaful Q3 losses widen 108%
The net losses of SABB Takaful Co deepened by 108% year-on-year (YoY) during the third quarter (Q3) of 2020, reaching…
Kamco Invest cuts 9-month losses to $4.5mln
Kuwait-based Kamco Invest, a financial powerhouse, has posted a net profit of KD2.5 million ($8.15 million) in Q3 2020 (Q3…
Top UAE banks report lower Q3 profits on higher impairments
Challenging macroeconomic conditions—low interest rates leading to repricing of portfolios, falling oil price and disruptions to economic activities due to…
QSE index surges over 162 points
Qatar Stock Exchange index surged 162.51 points, or 1.67 percent yesterday to close at 9,889.46 points, helped by strong buying…
Aramco makes $11.8bn in third quarter as economic activity improves
Saudi Aramco, the world’s biggest oil company, reported a better performance in the third quarter of 2020, but was still…
Kuwaiti Banks' Asset Quality and Profitability Under Pressure
Kuwaiti banks' standalone credit profiles are likely to weaken further as a result of the coronavirus crisis and lower oil…
MedGulf posts 44% profit hike in Q3
The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) posted a 43.8% annual growth in net profit before Zakat during…
QSE listed firms’ net profits reach QR23.8bn
The combined net profit of companies listed on Qatar Stock exchange has reached QR23.8bn in the third quarter of the…
Dubai Investments reports 102% surge in net profit for 3rd quarter
Dubai Investments today reported a 102% surge in the third quarter net profit to AED213 million, compared to AED105 million…
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…
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,…