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- Aldar first half net profit after tax rises 24% to $1.11bn
- Adnoc Drilling's H1 revenue surges 30% to $2.37b
- US Federal Reserve maintains benchmark interest rate
- UAE Central Bank maintain benchmark interest rate
- UAE non-oil foreign trade exceeds Dh1.7 trillion in H1 2025: Sheikh Mohammed
- Oil Updates - crude steadies as market weighs up supply risks
- Egypt's Suez Canal Economic Zone revenues jump 38% YoY despite traffic downturn
- Boursa Kuwait net profit surges 61% in H1
- Closing Bell: Saudi Arabia's TASI ends higher in green at 110,914
- Education spending drives Saudi POS transactions to $3.16bn
(Gulf Times - 31/01/2018)
Commercial Bank of Qatar is pushing to increase lending to state-run companies as the government presses ahead with infrastructure projects to counter the impact of the Saudi-led boycott against the country. "We have historically been under weight in the
(Times of Oman - 31/01/2018)
Bank Nizwa signed a financing agreement with Duqm Development Company (DDC), a member of the Asyad Group (Asyad), to finance Phase 1 of the Duqm Frontier Town project. The project covers 23 hectares and comprises retail shops, recreational facilities and
(Oman Daily Observer - 31/01/2018)
Bank Sohar's net profit for 2017 jumped 32.54 per cent to RO 25.331 million compared with RO 19.112 million in 2016. Commenting on the bank's performance, Mohammed Mahfoudh al Ardhi, Chairman of the Board of Directors at Bank Sohar said, "The bank has
(Reuters - 30/01/2018)
Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, has given initial price guidance for its planned U.S. dollar-denominated sukuk in the range of 130 basis points over mid-swaps, sources familiar with the matter said. The potential
(Reuters - 30/01/2018)
Birmingham-based Al Rayan Bank has mandated banks to raise 250 million pounds ($352 million) via Islamic bonds, or sukuk, using a residential mortgage-backed securitisation, the sharia-compliant lender said. Al Rayan has appointed Standard Chartered and
(The National - 30/01/2018)
Shares in Emirates NBD soared to a two-year high yesterday, after it confirmed it was in talks to acquire a majority stake in Turkish lender DenizBank from Sberbank of Russia. "Discussions are at a very preliminary stage and there is no certainty that
(CPI Financial - 30/01/2018)
For Q4 2017, the bank recorded a net profit of BD 11.58 million compared to BD 12.03 million for the corresponding period in 2017. Earnings per share (EPS) for the year also improved to 48.4 fils for 2017 from 46.3 fils in 2016 reflecting the bank's
(The National - 30/01/2018)
Emirates NBD is in talks to acquire a majority stake in Turkish bank Denizbank from Russia's Skerbank, the Dubai-based lender said. "Discussions are at a very preliminary stage and there is no certainty that any transaction will be entered into,"
(Times of Oman - 30/01/2018)
National Bank of Oman's board has recommended a cash dividend of 15 per cent and a stock dividend of 5 per cent. The stock dividend is equivalent to one share for every 20 shares held, according to a disclosure statement posted on MSM website. The
(Times of Oman - 30/01/2018)
Bank Muscat, the leading financial service provider in the Sultanate, has proposed 35 per cent dividend for the year 2017. Continuing the bank's strong dividend payment track record, the board has proposed 30 per cent cash dividend for 2017. In addition,
(The Peninsula - 30/01/2018)
Doha Bank, one of Qatar's largest private commercial banks, has unveiled its aggressive expansion plans in fast-growing Asian economies. After opening its branches in India, the bank is planning to expand its footprint to Nepal, Vietnam and Sri Lanka.
(The Peninsula - 30/01/2018)
The Commercial Bank, its subsidiaries and associates delivered a combined net profit of QR604m for the full-year 2017, an increase of 20.4 percent, compared to QR501m reported for the same period in 2016. The Group's total assets rose by 6.2 percent to
(Gulf News - 30/01/2018)
Emirates NBD Asset Management has converted one of its three Middle East & North Africa (Mena) equities funds into a Saudi fund as it pushes to position its clients to participate in a rally to catch up with emerging market peers. Last year, regional
(Gulf News - 30/01/2018)
Dubai Islamic Bank (DIB) has said it is seeking shareholder approval for a plan to raise Dh1.647 billion on the Dubai Finacial Market by issuing additional shares. Shareholders will have a right to buy one share for every three shares held and will have
(Oman Daily Observer - 30/01/2018)
As part of overall strategies to pursue fresh business opportunities, Bank Sohar recently sponsored and participated in an investors meet organised by the Muscat Chapter of Institute of Chartered Accountants of India. The event titled 'Oman-India
(Trade Arabia - 30/01/2018)
First Abu Dhabi Bank (FAB), one of the UAE's largest banks, said it had delivered a resilient performance in a transitional year with a group net profit of Dh10.9 billion ($2.96 billion) for the full year ended December 31, 2017 compared to Dh11.32
(Trade Arabia - 30/01/2018)
Abu Dhabi Commercial Bank (ADCB) has registered a full year net profit of Dh4.28 billion ($1.16 billion) for 2017, up three per cent over the same period the year before. Announcing the financial results for the year ended December 31, 2017, ADCB said
(Arab Times - 30/01/2018)
Ahli United Bank (AUB) has announced that Ms Jehad Al-Humaidhi, Senior General Manager - Information Technology and Operations has won the coveted 'Women Entrepreneur of the Year 2017 - IT, Banking & Finance'. The award was presented to Ms Al-Humaidhi by
(Times of Oman - 29/01/2018)
Continuing to invest in the capabilities and growth of its employees, BankDhofar announced the appointment of 12 Omani area managers. The appointments translate BankDhofar's efforts in developing national competencies to hold higher positions. The newly
(Gulf News - 29/01/2018)
Emirates NBD Group said on Sunday it has made a couple of senior appointments to its technology team as part of digital transformation strategy. The bank has named Miguel Rio Tinto as its Chief Information Officer (CIO) and Evans Munyuki as its Chief
(Gulf News - 29/01/2018)
Kuwait Finance House (KFH), the country's biggest Islamic lender, reported flat fourth-quarter net profit, according to Reuters calculations based on the bank's annual results. Net profit was 46.3 million dinars ($154.6 million) in the three months to
(Trade Arabia - 29/01/2018)
Mashreq, one of the leading financial institutions in the UAE, said its net profit for the year ending December 31, 2017 hit Dh2.1 billion ($571 million), thus registering a 6.5 per cent jump over the same period the previous year. Announcing the
(Gulf News - 28/01/2018)
Commercial Bank of Dubai announced the appointment of Khaled Rasheed Al Hammadi as its new Head of Sales and Distribution. The appointment is in line with the Bank's Emiratisation strategy. Al Hamadi has more than 20 years of experience in the financial
(Trade Arabia - 28/01/2018)
Arab Bank Group has posted net income after tax at $533 million during 2017 as compared to $532.7 million in the previous year. Net operating income stood at 8 per cent as compared to prior year, while loans and advances grew by 6 per cent to reach $25.1
(Times of Oman - 26/01/2018)
Bank Muscat, a leading financial services provider in the Sultanate, and Arabian Properties Company have signed a memorandum of understanding (MoU) offering attractive baituna home finance for exclusive residential units in the Al Shams project in
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