Tuesday 21 August 2018

UAE-Norway trade reaches $640m in 2017

Trade exchange between the UAE and Norway reached around $639.9 million in 2017, compared to $326.7 million in 2016, a media report said. The value of imports from Norway reached around $533.2 million in 2017 while the value of the UAE's non-oil exports to Norway reached arou


RAK Chamber members’ exports hits $1.1bn in H1

The Ras al-Khaimah Chamber of Commerce and Industry announced that the number of certificates of origin issued during the first six months of the current year reached 13,900 while the total value of exports by its members reached Dh4.2 billion ($1.14 billion) during the same period.


GFH posts 16.7pc surge in H1 net profit to $72.5m

Bahrain-based GFH Financial Group (GFH) has reported a net profit attributable to shareholders of $72.5 million for the first half of the year representing a 16.7 per cent increase from $62.1 million in the first half of 2017. The Group reported a consolidated net profit of $73.4


Turkish lira crisis drives investors to gold

The currency crisis engulfing the Turkish lira has led investors to pursue the stability offered by safe havens such as gold, which saw a hike in value by 0.4 per cent coinciding with the crash of the lira. Tom Coughlin, CEO of Kinesis, a bullion backed blockchain monetary system


EI launches quick remittance service to Pakistan

Emirates Islamic (EI), one of the leading Islamic financial institutions in the UAE, said that its 60 second online fund transfer service ‘QuickRemit’ is now available for remittances to Pakistan. The bank has launched the service to coincide with Pakistan’s Ind


1,200 experts to gather for 25th WIBC in Bahrain

Over 1,200 global Islamic banking and finance leaders, industry powerhouses and policy makers will converge for the upcoming 25th edition of the World Islamic Banking Conference (WIBC) set to take place in Bahrain in November. Held under the patronage of HRH Prince Khalifa Bin Sa


Amanat H1 net profit grows 12pc to $7.6m

Amanat Holdings, a top healthcare and education investment company, has reported a net profit of Dh27.9 million ($7.6 million) in the first half (H1) of 2018, delivering double-digit growth of 12 per cent over the same period last year. The strong half-yearly performance is under


Waha Capital H1 net profit up 31pc to $65m

Waha Capital PJSC, a leading investment company in Abu Dhabi, has reported net profit of Dh239.7 million ($65.2 million) for the first half (H1) of the year, marking a 31 per cent year on year (YoY) increase. The strong H1 results were largely driven by Waha Capital’s succe


Bank ABC posts $113m H1 net profit

Bank ABC (Arab Banking Corporation) today announced a consolidated net profit for the first half of 2018, 11 per cent higher compared to $102 million for the same period the previous year.   Profit before taxation was $119 million, 25% lower compared to $158 mil


Solidarity Bahrain posts BD1.16 m net profit

Solidarity Bahrain, one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding, has announced a net profit of BD1.16 million ($3.07 million) for the six month period ended June 30, 2018, compared to BD89,000 for the corresponding previous period, repres

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