Qatar's largest Islamic bank posts 12% rise in Q2 net profit
Masraf Al Rayan, Qatar's largest Islamic lender by market value, reported a 12.1 percent increase in second-quarter net profit on…
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Abu Dhabi Commercial Bank posts 22 pct Q2 net profit hike
Abu Dhabi Commercial Bank , the fourth-largest lender by market value in the United Arab Emirates, beats estimates on Tuesday…
Qatar International Islamic Bank H1 net profit up 10 per cent
International Islamic’s net profit for H1 2014 stood at QAR 402 million compared with QAR 365 million during the same…
CBB Sukuk Al-Salam Securities oversubscribed by 306%
The Central Bank of Bahrain yesterday announced that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD…
Middle East Seen Gaining Gold Share as Trading Expands
The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the…
HSBC Bank Oman posts Q2 2014 results
HSBC Bank Oman S.A.O.G. announced a net profit of OMR 5.7 million for the first half of 2014. While…
CBI reports Dh108.7 million first half net profit
The Commercial Bank International on Tuesday reported a net profit of Dh108.7 million for the first half of 2014, up…
Commercial Bank fund wins ‘Qatar Equity Fund of the Year’
Commercial Bank’s Al Waseela fund (F-Class) has won the prestigious ‘Qatar Equity Fund of the Year’ award for 2013 at…
Saudi bourse to open to foreigners
Saudi Arabia has authorised foreign share ownership on its stock market, a long-awaited opening up in the Arab world’s biggest…
Saudi Market Surprise Sparks Speculation of Sukuk Access
Saudi Arabia’s plan to open its $531 billion stock market to foreigners is prompting speculation that Islamic bonds will be…
NBAD leads profit parade among UAE banks
National Bank of Abu Dhabi, the biggest publicly traded lender in the UAE, said its second quarter profit increased 17.5…
FGB Net Profit up 21% in the First Half of 2014 Confirming Strong Earnings Momentum
FGB, one of the leading banks in the UAE, announced its H1'2014 financial results, showing continued and solid performance across…