Qatar's Masraf Al Rayan Q1 net profit falls 6.5 pct
Masraf Al Rayan , Qatar's second largest bank by market value, reported a 6.5 percent fall in first-quarter net profit…
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NBAD shareholders approve name change to 'First Abu Dhabi Bank'
National Bank of Abu Dhabi shareholders have approved the proposal to change the name of the UAE's largest bank to…
ADIB net profit increases by 20 per cent in Q1 2017
The Abu Dhabi Islamic Bank (ADIB) Group has released its Q1 2017 results with net profit up 19.8 per cent…
World-Cup Spending Presses Qatar Banks as Deposit Deadline Nears
Qatari banks are in a bind. On the one hand, they need to finance building projects for the 2022…
Erdogan-Inspired Incentives Seen Boosting Turkish Bank Profits
Politics is proving to be a boon for Turkey’s banks that may continue for months to come. First-quarter profit…
UAE joins global fight against offshore tax evasion
The United Arab Emirates formally signed up to what the OECD calls 'the most powerful multilateral treaty against offshore tax…
ADIB reports rise in first quarter profit as economy picks up
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, said that first-quarter net profit rose 19.8 per cent…
UAE continues to be buoyant and lucrative, says Quilter Cheviot
Quilter Cheviot, part of Old Mutual Wealth, believes the UAE continues to be a buoyant and lucrative market for financial…
Masraf Al Rayan posts QR510mn Q1 net profit as core earnings surge
Masraf Al Rayan, a Shariah-compliant lender, has reported a net profit of QR510mn in the first three months of this…
Saudi Arabia’s sukuk gets Fitch rating of ‘A+’
Saudi Arabia’s US dollar-denominated sukuk has received a final rating of “A+” with a stable outlook from Fitch Ratings. …
QIB-UK finances buy-to-live property deals in London
QIB-UK, a wholly-owned subsidiary of the QIB Group, has received official licensing to directly provide Shariah-compliant Murabaha Facilities for London…
UAE’s efforts to diversify economy recognized on a global level: paper
Confidence in the UAE economy, combined with the country’s commitment to technology, will only continue to build upon the UAE’s…