Rising provisions take toll on Saudi bank profits in first half of 2020
Rising loan loss provisions adversely impacted profits of Saudi Arabia’s banks in the first half of 2020 despite an improvement…
Financial Results
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Fintech industry growing by 18% annually in Saudi Arabia: report
The value of fintech transactions in Saudi Arabia increased at a rate of over 18 per cent each year between…
Egyptian bank Beltone diversifies in hunt for profitability
Egyptian investment bank Beltone Financial Holding is diversifying into non-banking financial activities in a bid to return to profit in…
Al Salam Bank reports BD 7.1 million net profit in first half of 2020
Al Salam Bank-Bahrain reported a net profit attributable to shareholders of BD 7.1 million in the six months ending 30…
Qatar’s Islamic banks fare well in 2019 balance sheet growth
Islamic banks have fared well in balance sheet growth than their conventional counterparts last year, the Qatar Central Bank (QCB)…
Saudi public banks report 10% drop in H1 profits
Ten of the 11 publicly traded Saudi Arabian banks reported first-half aggregate profits of SR19.1 billion ($5 billion), down 10%…
Dubai business conditions see first progress in July: MUFG
Dubai’s purchasing managers index – a key indicator and barometer of the health of the economy – witnessed its first…
Egyptian Real Estate Consortium posts profits in H1
Egyptian Real Estate Consortium (EREC) reported a 63% Year on Year decline in its consolidated net profit in the first…
GFH reports financial results for first half 2020
GFH Financial Group B.S.C has announced its financial results for the first six months of the year ended 30 June…
Bank Nizwa records 37% growth in net profits
Bank Nizwa, the leading and the most trusted Islamic bank in Oman continued its successful journey in the first half…
Burgan Bank Announces First Quarter and Half Year Results of 2020
Burgan Bank Group (“Burgan”) announced today its Q1’20 and H1’20 earnings for the financial year 2020. For the period Q1’20…
DIB Egypt's profit down 19% in H1-20
Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) reported a 19.4% year-on-year (YoY) drop in its net profits, logging EGP…