Financial Results Archives - Page 87 of 370 - Managers of Wealth Middle East

Qatari banks' first-half profit 'strong' despite higher provisioning: Moody's

September 16, 2020

Qatari banks continue to have strong income-generating capability with their first half profit remaining strong despite higher provisioning costs related…

Comment & Analysis

Qatar international reserves seen at $37bn by year-end: FocusEconomics

September 11, 2020

Qatar’s international reserves are expected to total $37bn by the year-end, FocusEconomics has said in a report. The country’s…

Coronavirus

Deloitte 2020 Powers of Construction report: From C-19 “Respond” to “Recover”

September 11, 2020

The COVID-19 (C-19) pandemic and collapsing oil prices have had an unprecedented and compounding effect on the GCC Construction industry…

Coronavirus

Qatar’s banking sector remains resilient; sees 2.1% credit growth in H1 2020: Report

September 10, 2020

Despite the lockdown and other challenges, banks in Qatar proved their resilience against the impact of the coronavirus pandemic (COVID-19).…

Comment & Analysis

Fitch Downgrades Arab Banking Corporation to 'BB+'; Outlook Negative

September 9, 2020

Fitch Ratings has downgraded Arab Banking Corporation B.S.C.'s (ABC) Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BBB-' and its…

Comment & Analysis

Gulf asset managers to face pressure amid twin shock – Moody's

September 7, 2020

Asset managers in most of the Gulf will face moderate-to-high pressure on their profitability over the next year to 18…

Comment & Analysis

Saudi economy shows positive results after reopening

September 6, 2020

The 15th edition of Euromoney conference was virtually launched on Thursday, 3 September 2020. In partnership with MoF and the…

Financial Results

17 banks in Egypt report total EGP 18.565bn net profits in H1 2020

September 6, 2020

A total of 17 banks operating in the Egyptian market achieved combined net profits of about EGP 18.656bn in the…

Financial Results

Barwa Bank Group’s net profit rises by 12.5% in second quarter

September 6, 2020

Barwa Bank Group has reported a net income of QR529m for the second quarter (Q2) of this year ended June…

Comment & Analysis

Turkish banks see 38% rise in net profits at end of June

September 4, 2020

Turkey’s banking sector registered a net profit of nearly TL 39 billion ($5.6 billion) as of the end of July,…

Financial Results

Ahlibank’s 5-year bond transaction raises $500mn

September 3, 2020

CEO: We are proud to see the outcome of our fourth bond issuance, which demonstrates the international investor community’s trust…

Financial Results

Saxo Bank MENA region client base grows by more than 150% contributing to a sizeable increase in Group net profits

September 3, 2020

Saxo Bank has reported a 150% increase in its MENA client base for H1 of 2020 compared to the previous…

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