7 positive indicators that reflected the strength of the UAE banking…
The operating income structure of the banking system in the country witnessed 7 positive indicators during the year 2019, which…
Financial Results
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Fitch Affirms Burgan Bank Turkey at 'B+'; Downgrades Viability Rating to 'b-'
Fitch Ratings has affirmed Burgan Bank A.S.'s (Burgan Bank Turkey) Long-Term Foreign-Currency Issuer Default Rating at 'B+'. The Outlook is…
HSBC’ economists forecast 2.4% GDP growth in Egypt in 2020: Regional CEO Tricaud
Despite the world health crisis, HSBC’s economists forecast that Egypt’s GDP growth will be 2.4% in 2020, while their expectations…
QNB nine-month net profit falls as it books more provisions
Qatar National Bank, the Gulf's largest lender, saw a roughly 18% fall in its third-quarter profit as it booked more…
UAE – Markets await the results marathon to regain momentum
Stock market closings varied at the end of last week’s trading amid a state of anticipation for the start of…
Oman’s top banks see 34.2% decline in H1 profits: Report
A majority of Oman’s banks are feeling the impact of tightening operating conditions, according to a report by multinational professional…
GCC's e-commerce sector surging ahead thanks to Covid-19
Kearney – a global strategic consulting firm – started tracking the region’s e-commerce landscape from 2015 onwards. A sparkling growth…
Financial Weather: Top UAE in banks resilient despite fall in profit
The first-half profit of the top 10 listed UAE banks declined at an average of 38.9 per cent against their…
UAE bank results for Q3 to come under pressure from bad loans, low margins
A week away from reporting the third quarter results, bankers and anlysts have indicated that the profits for the sector…
Cutting Through the Noise
Covid continues to dominate headlines and mind space for most of us albeit in different ways. India continues to tread…
UAE bank assets rise 4% to 2.8 trillion dirhams
The total value of national bank assets in the country increased by 0.7% on a monthly basis during the month…
Qalaa Holdings records significant 105% y-o-y top-line growth in 2Q 2020 to EGP 7.4 bn and 148% on a six-month basis
Strong resilience and operational efficiency of diversified portfolio supported solid performance and EBITDA increase of 17% to EGP 325.6 million…