UAE top lender FAB posts record profit helped by stake sale
First Abu Dhabi Bank, the United Arab Emirates' biggest lender, reported on Thursday its highest ever quarterly net profit, helped…
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Magnati sale raises UAE’s First Gulf Bank's Q1 net profit to $1.4bln
First Abu Dhabi Bank’s (FAB) net profit has more than doubled in Q1 2022, boosted by the sale of a…
Doha Bank net surges 5.6% year-on-year to QR401mn in Q1
Doha Bank has reported a 5.6% year-on-year increase in net profit to QR401mn in the first quarter (Q1) of this…
Banking system outlook upgraded in Bahrain
Bahrain banks’ profitability will return to pre-pandemic levels over the next 12 to 18 months, forecasts Moody’s Investors Service, noting…
Arab Monetary Fund grants $623mln loans in 2021
The Arab Monetary Fund (AMF) has granted $623mln in loans in 2021 to support balance of payments and reform programs…
Abu Dhabi Commercial Bank's quarterly net profit up 32%
Abu Dhabi Commercial Bank (ADCB), the third-largest lender in the United Arab Emirates, on Monday reported a 32% increase in…
ADCB reports net profit in Q1 2022
Abu Dhabi Commercial Bank PJSC delivered a solid performance in the first quarter of 2022, despite ongoing global uncertainty, recording…
Bergen records strong growth in the first quarter of 2022
Bergen Bank has announced financial results for the first quarter ending March 31, 2022. The bank had a revenue of…
Lebanon banking group rejects latest draft of financial recovery plan
The Association of Banks in Lebanon said on Saturday it “completely rejects” the government’s latest draft of a financial recovery…
Lebanon banking group rejects latest draft of financial recovery plan
The Association of Banks in Lebanon said on Saturday it “completely rejects” the government’s latest draft of a financial recovery…
Careem Pay introduces digital wallets to UAE customers
Careem Pay has introduced its digital wallet to UAE customers, which allows them to use QR codes, payment links, or…
Burgan Bank Q1 revenue up 10% to top $171mln
Burgan Bank, a leading bank in Kuwait, has reported KD52.6 million ($171.7 million) in revenue for the first quartern (Q1)…