The second quarter of 2017 generated a profit of Dh226.7 million, an increase of 16 per cent year on year.
July 24, 2017 - 11:37 GMT
The RAKBank Group announced on Monday a consolidated net profit of Dh381.5 million for the half year ended June 30.
The Dhs135m villa project marks the first time Amlak is developing a fully-owned property. (GB)
July 24, 2017 - 10:57 GMT
Dubai-based mortgage firm Amlak Finance has completed the first phase of its new residential development project in Mirdiff, it announced on Monday.
Jeyapriya Partiban, Partner and Head of Risk Consulting at KPMG in Bahrain
July 23, 2017 - 06:56 GMT
KPMG in Bahrain today announced the launch of its new corporate training portal, KPMG Learning Hub.
Mr. Majed Essa Al Ajeel, Chairman of Burgan Bank Group
July 23, 2017 - 06:45 GMT
Burgan Bank Group announced today its first half earnings of financial year 2017.
Leading banks such as Emirates NBD, Emirates Islamic and Dubai Islamic Bank have posted strong first-half  financial results. (AFP)
July 20, 2017 - 10:24 GMT
Leading UAE banks have posted strong first-half results for 2017.
Emirates Islamic
July 20, 2017 - 10:24 GMT
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its financial results for the period ending June 30, 2017.
Dubai Islamic Bank
July 20, 2017 - 09:12 GMT
Dubai Islamic Bank (DIB) on Wednesday said its net profit in the first-half of 2017 increased seven per cent to Dh2.14 billion from Dh2 billion in the same period last year on the back of higher income.
Qatar Islamic Bank
July 20, 2017 - 08:49 GMT
Riding on the strength of its core earnings, Qatar Islamic Bank (QIB), the country’s largest Shariah-principled lender, has reported a 10% increase year-on-year in net profit to QR1.17bn in the first six months of this year.
International Bank of Qatar
July 20, 2017 - 08:43 GMT
International Bank of Qatar (IBQ) – which is in the midst of a three-way merger with Masraf Al Rayan and Barwa Bank – has reported a 20% jump year-on-year in net profit to QR278mn in the first half of this year.
Hesham Abdulla Al Qassim, vice chairman and managing director, Emirates NBD.
July 19, 2017 - 13:20 GMT
Emirates NBD (ENBD), a leading bank in the region, delivered a record set of results for the first half (H1) of the year with a net profit of Dh3.9 billion ($1.06 billion) as compared to a net profit of Dh3.7 billion during the same period in 2016, marking a rise of five per cent.
Mr. Patrick Tan, General Manager of Bank ABC’s Singapore Branch and Head of Asia.
July 19, 2017 - 09:39 GMT
Bahrain-based Bank ABC (Arab Banking Corporation), the leading international banking group in the MENA region, has recently appointed Mr. Patrick Tan as General Manager of Bank ABC’s Singapore Branch and Head of Asia.
EFG Hermes Group CEO Karim Awad. (Trade Arabia)
July 19, 2017 - 07:37 GMT
EFG Hermes UAE, a wholly owned subsidiary of EFG Hermes Holding, has entered into definitive agreements to invest $21.5 million in Frontier Investment Management Partners Ltd (FIM), an asset management firm.
H.E. Rashed Al Blooshi, ADX CEO
July 19, 2017 - 06:34 GMT
The total number of investors in Abu Dhabi Securities Exchange (ADX) by the end of the first half of 2017 reached 961,000 investors. Furthermore, ADX has issued 2276 investor numbers during the first half of 2017.
Mr. Arif Al Zaabi, Acting Head of Retail
July 19, 2017 - 06:08 GMT
Since its launch in December 2015, Bank Nizwa’s wide range of Shari’a-compliant Credit Cards have continued to experience solid growth across all segments.
Goldman Sachs trading revenue fails to meet expectations. (AFP)
July 18, 2017 - 16:08 GMT
Goldman Sachs has reported weaker than expected trading revenue on Tuesday.
Omar Alghanim, Gulf Bank Chairman
July 18, 2017 - 09:24 GMT
Gulf Bank K.S.C.P. announced today its financial results for the first half of 2017.