Egypt’s external debt down to almost $111bn
The Central Bank of Egypt has announced, for the first time in years, a fall in the country’s external debt.…
Financial Results
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Saudi shares lead Gulf markets higher as slowdown eases
Saudi Arabian shares led gains among largely positive Gulf stock markets on Tuesday, helped by a jump in financial shares.…
Export Development Bank's FY profit 2019/2020 declines
its consolidated net profit in the fiscal year (FY) of 2019/2020, according to the company’s August 30th statement filed to…
Dubai banks see 5% higher assets in H1-20
The assets of Dubai's banks jumped by about 5.3% to AED 1.53 trillion in the first half (H1) of 2020,…
UAE banks' investments in debt securities hit $72bln in June
The banks operating in the UAE have increased their investments in debt securities by 12% year-on-year (YoY) or around AED…
Lebanese central bank tells banks to provision for 45% loss on Eurobonds
The Lebanese central bank has told Lebanese banks to provision for a 45% loss on their Eurobond holdings, according to…
EG Bank H1 profit increase
Egyptian Gulf Bank (EG Bank) reported a 5% Year on Year rise in its consolidated net profit in the first…
Saudi inflation to hover between 4% and 6% y-o-y in coming 12 months – MUFG
Saudi headline annual inflation rose from 0.5 percent year-on-year (y-o-y) in June to 6.1 percent y-o-y in July, the highest…
The Prevailing Trends of UAE Banks in Q2 2020
While the top UAE banks reported a peripheral increase in profitability, the outlook for the domestic banking sector still remains…
NBK-Bahrain announces $161.5mln first half net profit
National Bank of Kuwait-Bahrain (NBK-Bahrain) reported a net profit of $161.5 million (BD60.890m) for 1H 2020, compared with $159m (BD59.950m)…
Turkey’s state-run lenders more than double net profits in H1
Turkey’s three largest state-run banks have managed to more than double combined net profit from January through June of this…
Top UAE bank profits surge in second quarter as lending jumps
Profits at the top ten UAE banks jumped by 21.25 percent in the second-quarter compared to the previous three months…