Bahrain's ARIG slips into loss of $3.62m for first-half 2020
Bahrain based Arab Insurance Group slipped into the red, with losses of $3.62 million for the first six months of…
Financial Results
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QSE gains as Islamic equities outperform conventional ones
Islamic equities were seen outperforming conventional ones Monday on the Qatar Stock Exchange, which overall gained 19 points to once…
Oman Insurance strings together Dh110.2m in first-half 2020 profit
Oman Insurance Company, one of the heavyweights in the UAE insurance space, recorded net profits of Dh110.2 million in the…
UAE's courier market set to grow by 7.5% annually
The outlook for the UAE’s Courier, Express and Parcel Market is bright due to strong demand generated in the wake…
Mideast M&A deals decline in H1
Overall Middle East merger and acquisition deal values and volumes dropped year-on-year by around 58 per cent and 26 per…
Saudi Aramco's Profit Plunges 73.4%, Deepening Budget Crisis
Saudi state oil group Aramco (2222.SE) on Sunday reported a 73.4% fall in second-quarter net profit, a steeper drop than…
Bahrain's Sukuk Al Ijara oversubscribed
The Central Bank of Bahrain (CBB) has announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al…
Insurance, industrials, banking shares help QSE top 9,400 level
Higher-than-average demand at the insurance, industrials and banking counters on Thursday lifted the Qatar Stock Exchange as much as 90…
Gulf countries to lead H2 rally in sukuk issuance: Moody's
The Gulf Cooperation Council countries will lead a rally in the issuance of Islamic debt or sukuk in the second…
Kuwait's KFH Q2 net income drops on rise in impairment charges
Kuwait Finance House, the biggest Sharia-compliant lender in the Gulf state, reported a 77.5 per cent decline in its second…
Investcorp swings to full-year loss amid pandemic but eyes $50bn in assets
Investcorp, the Bahrain-based alternative investment management firm, swung to a net loss in its 2020 fiscal year as fee income…
UAE business conditions improve for the second month in July
The UAE non-oil private sector registered a further recovery in business conditions during July amid a greater easing of lockdown…