Markaz posts KD4m net profit for 2014
Kuwait Financial Centre (Markaz) announced a net profit of KD4.02 million for 2014, a net profit of 8 fils per…
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Kuwait’s KIPCO Q4 net profit gains 2 pct, raises cash dividend
Kuwait Projects Co (KIPCO), the Gulf state’s largest listed investment company, reported a 2 percent rise in fourth-quarter net profit…
Abu Dhabi fund pays Marriott $230m for Miami hotel
A company owned by the Abu Dhabi Investment Authority (ADIA) has purchased The Miami Beach Edition hotel from Marriott International…
Ahli United Bank Q4 net profit jumps 37.6 pct
Ahli United Bank (AUB), Bahrain's largest lender, posted a 37.6 percent increase in its fourth-quarter net attributable profit, the bank…
Al Baraka Banking Group Profits Raise by 7%
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it has achieved a net…
New lifeline for stalled projects in Bahrain
Stalled residential projects that have blighted Bahrain's landscape for years will be given fresh impetus under new government plans. …
Emirates hires banks for UK-guaranteed sukuk of up to $1bn
Emirates, the Dubai-based airline, has hired banks to help it arrange a sukuk or Islamic bond of up to $1…
Emirates hires banks for UK-guaranteed sukuk of up to $1 bln
Emirates , the Dubai-based airline, has hired banks to help it arrange a sukuk or Islamic bond of up to…
Moroccan king hits back at Swiss HSBC bank account accusations
Morocco's King Mohammed VI on Wednesday hit back at accusations of wrongdoing saying that holdings made with HSBC’s Swiss banking…
Electronic payments on mobiles reduce visits to bank branches
Minister of Commerce and Industry Tawfiq Al-Rabiah said the electronic payments depending on mobiles and tablets will remove other traditional…
Gulf International Bank reports $85.6m income
Bahrain-based Gulf International Bank yesterday reported consolidated net income of $85.6 million for the year ended December 31, as against…
Outlook on four Saudi Arabian Banks revised Negative after Sovereign outlook action
Standard & Poor's Ratings Services said today that it has revised its outlooks on four Saudi Arabian banks to negative…