Monday 28 July 2014

BCFC net profit surges 13pc to $19.1m

Bahrain Commercial Facilities Company (BCFC), a consumer finance and insurance provider, has reported a 13 per cent rise in consolidated net profit at BD7.2 million ($19.1 million) for the first six months of the year w


GCC female entrepreneurs' challenges in focus

A key forum highlighting the economic challenges faced by female entrepreneurs in the GCC will take place in Bahrain this October.   The second edition of the 'Gulf Businesswomen Forum' will give participants the opp


Adnic appoints new chief distribution officer

Abu Dhabi National Insurance Company (Adnic), one of the region’s leading providers of insurance solutions for individuals and corporates, has appointed Michael Mansour as its chief distribution officer. In this role, Mansour will be responsible for overseeing the company&r


Dunia Finance H1 profits up 49pc

Dunia Finance, a leading UAE based finance company, has posted a net profit of Dh82.6 million ($22.486 million) for the six month period ending June 30, up 49 per cent from Dh55.6 million for the same period last year. The company saw revenues of Dh225.7 million, up 36 per cent f


Masraf Al Rayan profit rises 12.1 pc

Masraf Al Rayan, Qatar's largest Islamic lender by market value, has reported a 12.1 percent increase in second-quarter net profit, exceeding analysts' expectations. Analysts polled by Reuters had on average forecast a net profit of 442.3 million riyals for the period.


First Gulf Bank posts 16pc profit hike

First Gulf Bank (FGB), the second-largest lender by market value in the UAE, posted a 16 per cent increase in second-quarter net profit on Tuesday, in line with the average estimate of analysts.   FGB made a net profit of Dh


NBAD beats forecasts with 17.5pc profit gain

National Bank of Abu Dhabi , the largest lender in the UAE, on Tuesday beat analysts' estimates with a 17.5 per cent rise in second-quarter net profit, with higher fees and investment gains boosting income.   NBAD, almos


Abu Dhabi Commercial Bank posts 22pc profit rise

Abu Dhabi Commercial Bank , the fourth-largest lender by market value in the United Arab Emirates, beat analysts' estimates slightly on Tuesday as it posted a 22 per cent rise in second-quarter net profit on lower impairments.  


Saudi to open stock market to foreigners in early 2015

Saudi Arabia's Capital Market Authority plans to open the stock market to direct investment by foreign financial institutions in the first half of 2015, the regulator said on Tuesday. The CMA said it would publish next month draft regulations for opening the market; there wou


Saudi Arabia to open $530bn bourse to foreigners

Saudi Arabia's cabinet gave permission to the financial regulator to open the Arab World's biggest stock market to direct investment by foreign financial institutions. The opening of the Saudi market, capitalised at about $530 billion, is one of the most keenly awaited ec

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