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…
Financial Results
4439 articles found
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…
Commercial Bank half-yearly net profit tops QR901mn
As a leading Qatari lender, Commercial Bank is committed to providing world-class solutions to the private sector while supporting the…
Ooredoo Kuwait reports revenue of KWD 294 million for the first half of 2020
National Mobile Telecommunications Company K.S.C.P “Ooredoo” has announced its financial results for the half year ended 30 June 2020: Revenues…