Financial Results

Environment and Sustainable Investments

Upbeat non-hydrocarbons sector helps Qatar post gain in Q1 real growth: PSA

July 31, 2020

Strong growth in non-hydrocarbons overcame the flat course in the hydrocarbon sector as Qatar reported an increase in real (inflation-adjusted)…

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Comment & Analysis

UDC posts net profit of QR101m in H1 2020

July 31, 2020

Doha: United Development Company has announced its financial results for the first half of 2020, reporting net profit of QR101m…

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Comment & Analysis

Aamal reports gross H1 profit of QR154.8m

July 31, 2020

Aamal Company  announced yesterday its half-yearly financial results for the current year reporting a gross profit of QR154.8m, down 31.6…

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Financial Results

Saudi Arabia's Economy Hit Hard by COVID-19, Posts $29 Billion Deficit in Q2 2020

July 31, 2020

Saudi Arabia posted a deficit of 109.2 billion riyals ($29.12 billion) in the second quarter this year as low oil…

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Financial Results

Goldman Sachs hikes 12-month gold price forecast to $2,300

July 30, 2020

Goldman Sachs on Tuesday raised its 12-month gold price forecast to $2,300 per troy ounce (toz), aided by expectations of…

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Financial Results

Metlife Gulf releases its 2020 Claims report

July 30, 2020

MetLife Gulf recently released its latest claims report, underlining its continued support for its customers through its enhanced claims program,…

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Comment & Analysis

Turkey under pressure as inflation forecasts rise

July 30, 2020

Turkey’s central bank, under pressure from rising prices and a volatile drop in the lira, ratcheted up inflation forecasts on…

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Comment & Analysis

NBB H1 profit down 27.3% on Covid-19 impact

July 30, 2020

National Bank of Bahrain  has reported a 27.3% decrease in its net profit attributable to equity shareholders to BD29.1 million…

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Comment & Analysis

Gulf banks are weathering the pandemic storm — for now

July 30, 2020

A shiver went through the UAE’s financial community last week when Emirates NDB, the champion of the Dubai banking business…

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Comment & Analysis

First Abu Dhabi Bank joins Middle East lenders in raising provisions

July 30, 2020

Abu Dhabi’s biggest lender joined its regional Gulf competitors in setting aside higher provisions to cover a spike in bad…

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Financial Results

Abu Dhabi Commercial Bank Q2 net profit falls 15% as impairments rise

July 30, 2020

Abu Dhabi Commercial Bank ADCB.AD posted a 15% drop in second-quarter net profit due to higher impairment costs, including to…

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Comment & Analysis

National Bank of Fujairah sees 81.8% drop in first-half 2020 net profit

July 29, 2020

National Bank of Fujairah saw operating income drop 10.2 per cent to Dh755.6 million in the first six months, with…

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