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Last Updated: Thu, Jul 24 2014 | 8:08 AM |
Dubai largest bank sees net profit up 34.8%
Banking & Finance»

Dubai largest bank sees net profit up 34.8%

Thursday, 24 July 2014 12:08 PM

Emirates NBD's revenue growth outstripped another significant hike in bad loans

Saudi state investment fund to set up new companies
Banking & Finance»

Saudi state investment fund to set up new companies

Wednesday, 23 July 2014 8:10 PM

Public Investment Fund eyes new firms in housing, petrochemicals and technology

French resistance: Jean-Claude Trichet
Banking & Finance»

French resistance: Jean-Claude Trichet

Wednesday, 23 July 2014 7:38 PM

France’s Jean-Claude Trichet is one of Europe’s most experienced bankers, having led the European Central Bank through the midst of the financial crisis from 2003 to 2011. While he doesn’t believe we are out of the worst of it yet, he is quick to defend the Euro currency from its many detractors

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Higher costs, provisions hit bottom line of Qatar's CBQ
Banking & Finance»

Higher costs, provisions hit bottom line of Qatar's CBQ

Wednesday, 23 July 2014 6:30 PM

Commercial Bank of Qatar suffers 3% decline in net profit in second quarter of 2014

Kuwaiti investment giant posts 20% rise in Q2 net profit
Banking & Finance»

Kuwaiti investment giant posts 20% rise in Q2 net profit

Wednesday, 23 July 2014 3:27 PM

Kuwait Projects Co says it made more than $40m net profit in the three months to end-June

Dubai's Mashreq posts 45% jump in Q2 net profit
Banking & Finance»

Dubai's Mashreq posts 45% jump in Q2 net profit

Wednesday, 23 July 2014 3:10 PM

Dubai's third-biggest lender by assets reports profit of $159m in three months to June 30

Saudi Electricity says will get $400m payment from Aramco
Energy»

Saudi Electricity says will get $400m payment from Aramco

Wednesday, 23 July 2014 1:47 PM

Gulf's largest utility firm says payment will affect cash flow and reduce consumer receivables in the third quarter

Abu Dhabi's FGB reports 16% rise in Q2 net profit
Banking & Finance»

Abu Dhabi's FGB reports 16% rise in Q2 net profit

Tuesday, 22 July 2014 5:14 PM

UAE's second largest lender says earnings growth was propelled by lending income in second quarter

UAE's largest lender posts 17.5% rise in Q2 net profit
Banking & Finance»

UAE's largest lender posts 17.5% rise in Q2 net profit

Tuesday, 22 July 2014 2:43 PM

National Bank of Abu Dhabi says it made profit of $386m in three months to June 30

Qatar's largest Islamic bank posts 12% rise in Q2 net profit
Banking & Finance»

Qatar's largest Islamic bank posts 12% rise in Q2 net profit

Tuesday, 22 July 2014 1:50 PM

Masraf Al Rayan beats analysts' expectations by reporting profit of $129.5m in three months to June 30

UAE's Waha Capital Q2 net profit jumps on AerCap deal
Banking & Finance»

UAE's Waha Capital Q2 net profit jumps on AerCap deal

Tuesday, 22 July 2014 1:26 PM

Abu Dhabi firm says it made $310m profit in quarter, boosted by one-off gain from AerCap investment

Damac says latest Dubai project sells out in one evening
Property»

Damac says latest Dubai project sells out in one evening

Tuesday, 22 July 2014 1:26 PM

Investors snap up nearly 300 luxury apartments in its Downtown Akoya project as property market continues to boom

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Gulf banks in new lending bonanza as foreign banks falter
Banking & Finance»

Gulf banks in new lending bonanza as foreign banks falter

Tuesday, 22 July 2014 9:55 AM

"Local banks are more eager to lend today than at any time in the last five years"

Kuwait's KFH reports 6.4% rise in Q2 net profit
Banking & Finance»

Kuwait's KFH reports 6.4% rise in Q2 net profit

Monday, 21 July 2014 1:30 PM

Kuwait Finance House, the country's biggest Islamic lender, posts $101m profit in three months to June 30

Bahrain to spend $48m revamping Muharraq area
Culture & Society»

Bahrain to spend $48m revamping Muharraq area

Monday, 21 July 2014 1:08 PM

Cultural project will restore 27 historic buildings and revamp 750 houses


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