Lower income pushes UNB profits down 28%
Union National Bank reported on Tuesday a 28 per cent year-on-year decline in its net profit, which reached Dh1.19 billion…
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KFH earnings conference call highlights financial results, shares bank’s strategy
Kuwait Finance House held an earnings conference webcast on Monday in which speakers from KFH executive management Mazin Al-Nahedh, Group…
Mumtalakat planning to issue dollar bonds
Bahrain’s sovereign wealth fund Mumtalakat has hired banks to arrange fixed income investor meetings ahead of a potential issue of…
AUB Kuwait records KD 51.3m in net profit
Ahli United Bank K.S.C.P. has marked 2018 as another successful year by delivering a net profit of KD 51.3 million…
More deals signed as Jordan, Kuwait wrap up joint panel meetings
Prime Minister of Kuwait Sheikh Jaber Al Mubarak Al Hamad Al Sabah on Tuesday wrapped up his visit to the…
QIIB engages in message of progress, positivity
As part of the QIIB’s keenness to engage in all events that add value to nation building and community activities,…
Industrials, banking sell pressure weighs on Qatar bourse
The Qatar Stock Exchange on Monday lost a sizeable more than 140 points in its key index and about QR12bn…
Turkey hires Citi to sell lease certificates in latest foreign borrowing
Turkey will offer lease certificates on the international markets in a latest effort to drive down borrowing costs after a…
Dubai now has 1,985 branches of foreign companies and 833 branches of GCC companies: DED
The number of branches of foreign companies operating in Dubai has increased to 1,985 while the number of branches of…
Traders opt to sell shares as UAE companies scramble to publish results
About 80 per cent of the companies listed on UAE bourses have not declared their 2018 results, according to available…
Merging Qatar banks to cut more than 150 jobs, Barwa boss to be CEO – sources
Qatar’s Barwa Bank and the International Bank of Qatar (IBQ), which last year agreed to merge, plan to cut more…
Ebdaa Bank-Bahrain for microfinance launches new website
Ms. Mona Almoayyed, Chairman of Ebdaa’s Board, has inaugurated the launched of Ebdaa Bank all-in-one website, includes various features and…