Qatar First Bank announces half-year 2020 financial results
Qatar First Bank a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange, has managed…
Financial Results
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Saudi Arabia Posts $38.1B Budget Deficit In H1 2020
TOPLINE Saudi Arabia posted a deficit of $38.1 billion in the first half of 2020 as low oil prices…
FAB Q2 net income slides as provision charges rise
First Abu Dhabi Bank, the UAE’s largest lender by assets, reported a 25 per cent drop in its second quarter…
Gulf banks are weathering the pandemic storm — for now
A shiver went through the UAE’s financial community last week when Emirates NDB, the champion of the Dubai banking business…
Sharjah developer Arada bucks UAE property downturn with 10% rise in H1 sales
UAE developer Arada has announced a 10% increase in sales during the first half of 2020, a set of results…
Damac, Arabtec stock rallies keep UAE markets buzzing
Major UAE real estate sector stocks are on a tear with Arabtec rallying 14.85 per cent and Damac gaining 8.25…
NBK reports KD 111.1 million net profit for the 1H 2020
Al Sayer: NBK is committed to supporting Kuwait’s economy to ease the impact of the pandemic and will be a…
Doha Bank posts QR501mn half-yearly net profit
Doha Bank posted a net profit of QR501mn in the first half of the year (H1, 2020), chairman Sheikh Fahad…
Jordan's Arab Bank group H1 net profits drop 66%
Jordan's largest lender, Arab Bank Group, reported on a 66% year-on-year drop in first-half net profit to $152.1 million as…
GCC economic recovery to be slow and gradual in 2020-21
The rapid spread of the coronavirus has fundamentally changed the global economic environment and a recovery is going to be…
Markaz: Issuances by GCC sovereign entities increased by 40% year-on-year amid growing budget deficits after the double blow of Covid-19 and slump in oil prices
Kuwait Financial Centre “Markaz”, in its recent research report titled GCC Bonds and Sukuk Market Survey H1-2020, highlighted the trends…
Al Khaliji net profit rises 2.6% to QR361mn in H1
Al Khaliji Commercial Bank has posted a half-yearly net profit of QR361mn, it was announced yesterday. This represents an…