National Bank of Oman, the sultanate's second-largest lender by assets, posted a 25 per cent rise in second-quarter net profit, beating analysts' expectations.
The lender made a net profit of RO12.7 mil
A strong recovery in consumer demand for gold has continued in the second quarter, with numbers up from the previous quarter, said a report.
The latest edition of the quarterly summary of the state of gold worldwide, published by
Kuwait Projects Co (Kipco), the country's largest investment company by assets, reported a 11 percent rise in second-quarter net profit on Wednesday and said it was on track for double-digit revenue growth this year.
Saudi Basic Industries Corp (Sabic), the world's biggest petrochemicals group by market value, posted a 13.96 per cent rise in its second quarter net profit, but missed anlaysts' forecasts.
Sabic, which is 70-per cent stat
National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a near-flat second quarter net profit, Reuters calculated, beating analyst estimates.
The lender made a second-quarter net profit of
Goldman Sachs Group Inc said on Tuesday quarterly profit doubled, beating Wall Street estimates, boosted by returns from investing the bank's own money.
The investing and lending segment, which tracks the bank's investment
Citigroup posted a 42 per cent increase in quarterly profit, as stronger home prices reduced mortgage losses and bond trading revenue jumped, underscoring the bank's recovery since the financial crisis.
Still, storm clouds lie
Abu Dhabi Commercial Bank (ADCB) posted a net profit of 903 million dirhams ($245.8 million) in the three months to March 31, up from 861 million dirhams in the prior-year period, marking a 5 percent rise.
Four analysts polled by Reuter
First Gulf Bank, the UAE's second-largest lender by market value, on Wednesday beat analysts' expectations with a 12-per cent rise in fourth-quarter net profit, boosted by higher interest income and Islamic financing.
Abu Dhabi Commercial Bank reported a 32 per cent jump in quarterly net profit on Wednesday, beating analysts' expectations, as the bank made fewer provisions and non-interest income grew.
The UAE’s third largest lender b