Dubai Islamic Bank reports $571.73mln H1 net profit
Dubai Islamic Bank has reported a net profit of AED2.11 billion ($571.73 million) for the first half of 2020, down…
Financial Results
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Mashreq posts Dh535m net profit for first half of 2020
Mashreq on Wednesday reported a net profit of Dh535 million for the first half of 2020 down 56.2 per cent…
Optimism about personal finances is on the rise among UAE residents
The appearance of the Covid-19 pandemic has turned our familiar world upside down within a span of few months. YouGov’s…
Abu Dhabi property sales set to increase in H2 2020
Sales volumes in Abu Dhabi’s real estate market are expected to rise in the second half of 2020, as developers…
Qatar- QIIB posts QR512.6mn half-yearly net profit assets top QR59bn
QIIB has posted a half-yearly net profit of QR512.6mn, up 0.4% on the same period last year. The results…
Sharjah Islamic Bank reports Dh251.2m net profit in first half 2020
Sharjah Islamic Bank on Wednesday reported a net profit of Dh251.2 million for the first half of 2020, down by…
Banque Misr increases CI Capital stake to 10.16% with EGP 115m investment
Banque Misr raised its stake in CI Capital Holding for Financial Investments on Tuesday from 7.3% to 10.16%, buying 28.643m…
Faisal Islamic Bank's profit down 54% in Q1 2020
The consolidated financial results of Faisal Islamic Bank of Egypt showed a 53.6% year-on-year drop in its net profits to…
Qatar has lowest ‘2020 central government deficit-to-GDP ratio’ in GCC, says S&P
Qatar has the lowest “2020 central government deficit-to-GDP ratio” in the GCC at 10%, S&P Global said and noted fiscal…
BCG Global Wealth Report 2020: 54.5 percent of the Kindom of Saudi Arabia's wealth in 2019 headed by millionaires
The 20th annual study of global wealth management conducted by Boston Consulting Group has taken a 20-20 view of the…
Customer trust in UAE banks remains high, at 76%
More than three-fourth of UAE bank customers trust their banks, with 76 per cent having a high trust in the…
GCC construction market estimated at $2.5 trillion by end of June
With over 22,000 active projects, the GCC construction market has been estimated to be $2.5 trillion at the end of…