LMC net profit tops $1.26m
Wholesale Islamic bank Liquidity Management Centre (LMC) posted a net profit of $1.26 million in the first quarter of this…
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GFH posts US$ 6 m in first quarter profits
GFH Financial Group today announced its financial results for the first quarter ended 31st March 2015, another period of strong…
UGB's Q1 profits fall to $2.1 million
UGB's total income also decreased to $35.2 million, compared to $40.5 million at 31 March 2014. In 1Q14, $9…
Iran's Future Bank appeals Bahrain decision to take it over
An Iranian-owned bank based in Bahrain has appealed a decision by local authorities to place it in administration, in a…
Iran-Saudi jostle extends to markets
The two countries are seen as aptly positioned to rejuvenate the sector which has lately lost favor among investors. …
Credit cards bolster Citigroup in UAE, Bahrain and Poland
The United Arab Emirates, Bahrain and Poland have emerged as Citigroup's top consumer markets in the Europe, Middle East and…
Abu Dhabi’s Aldar Q1 Net Profit Rises 36%
Abu Dhabi’s Aldar Properties reported a 36 per cent rise in first-quarter net profit on Thursday as costs fell and…
Fund offers Lebanese investors global portfolio
Lebanese high-net-worth individuals have the option to choose between a dozen locally marketed funds. Yet only a few investment…
QIIB’s rating upgrade reflects bank’s strong position
Qatar International Islamic Bank’s rating upgrade by Moody’s Investors Service is a proof of steadiness of bank’s financial position and…
Revealed: Sectors that will help UAE residents become richer this year
There is no fool-proof formula that will make you rich, but there are indeed certain sectors in the UAE that…
Sector 'gaining momentum'
Momentum is building up in Bahrain's real estate space with pent up demand for new real estate coming to the…
Demand to ban conventional banks rejected
MPs demands to ban conventional banks and allow only Islamic banks to operate in Bahrain have been shot down by…