NBK-Bahrain profit surges 26pc
National Bank of Kuwait-Bahrain reported net profits of $313 million last year compared with $248m in 2017, an increase of…
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NBK net profit rises 26pc to $313 million
National Bank of Kuwait-Bahrain the branch of NBK Group in Bahrain has announced yesterday a 26 per cent jump in…
Kuwait Finance House boosts fourth quarter profit 26%
Kuwait Finance House, the country's biggest Islamic lender, posted a 26 percent rise in fourth-quarter net profit, despite a fall…
Saudi Arabia spearheads GCC investments in 2019
The macroeconomic picture had improved significantly across the GCC over the last 12 months. Increased oil production and the more…
UAE investors ‘optimistic towards growth’
A quarter (24 per cent) of investors in the UAE expect returns exceeding 10 per cent and just 7 per…
KIB records KD 21 million net profit, 18% growth in 2018
Chairman of KIB, Sheikh Mohammed Jarrah Al-Sabah, announced that the Bank recorded a net profit of KD 21 million for…
Arab Bank hits USD820.5m in net profit
Jordan-based Arab Bank Group generated USD820.5 million in its net profit for 2018, marking a 54 percent surge. In…
International Bank of Qatar posts QR747.2mn net profit in 2018
International Bank of Qatar posted a net profit of QR747.2mn in 2018, compared with QR555.1mn registered in the previous year. …
QIIB remains 'optimistic' about 2019 as market looks 'promising': Al-Shaibei
QIIB is optimistic of achieving the targeted growth this year as the “market looks promising”, said bank chief executive officer…
Turkey central bank trims 2019 inflation forecast
The Turkish central bank on Wednesday cut its 2019 inflation forecast to over 14 percent while vowing to keep a…
Middle East bank battering could claim Lebanon
Following a year with Middle East stock markets down aside from tiny Tunisia, ratings agencies repeated a gloomy banking sector…
Banks lift Saudi, blue-chips elevate major Gulf markets
Saudi Arabia's stock market rose sharply on Monday to a three- and-a-half year high boosted by blue-chip bank shares, while…