GCC corporate earnings plunge 60.7% in Q2
Combined profit of most GCC-listed companies plummeted 60.7 per cent year-on-year in the second quarter 2020 to $15.7 billion as…
Financial Results
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Qatar banks’ assets expand in double digit in July on robust credit offtake
The private and public sectors witnessed robust credit offtake, leading to Doha’s commercial banks’ assets expand in double digit year-on-year…
Amlak Finance sells 1.13mln shares
Amlak Finance has sold 1.127 million of its shares at a price of AED 0.3355 per share. The sale…
Can Saudi Aramco keep its pledge to investors in its 1.5% share sale IPO?
Saudi Aramco is no longer the world’s most valuable company in the world. Apple is. Give Apple credit…
Global dividends plunge by $108bn during Covid-19 crisis
The amount paid out by big companies to their investors plummeted between April and June as firms cancelled or cut…
ENBD REIT hedges AED 400m facility with Mashreq Bank
The arrangement fixes the variable rate of EIBOR for two years from June 2021 Current low levels of EIBOR are…
DIFC Courts leverages digital infrastructure to accommodate rapid rise in commercial claims
Total number of enforcement claims increases 15% Arbitration-related claims record 62% increase in value The Dubai International Financial Centre Courts…
Bahrain's Ithmaar Holding reveals 43% drop in H1 profits
Bahrain-based Ithmaar Holding has revealed a 43 percent decrease in net profit for the first six months of the year,…
Solid growth in manufacturing sector drives Qatar’s industrial production index up in June
As the coronovirus restrictive measures in Qatar and other parts of the world have started easing in a phased manner,…
Saudi crude exports plunge in June to lowest on record
Crude exports from Saudi Arabia, the world's largest oil exporter, extended a decline in June to the lowest on record,…
Qatar- QSE declines on selling pressure from banking segment
The Qatar Stock Exchange on Thursday declined 47 points and its barometer reached less than 9,800 levels, mainly on higher…
UAE: National Banks’ Assets Soar to $816 Billion in H1 2020
Total assets of the 18 listed national banks in the UAE rose to around AED3 trillion ($816 billion) in H1-2020,…