Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest lender, posted a 2.6 per cent fall in second-quarter net profit on Thursday, missing analysts' forecasts as fee income weakened and operating expenses rose.
EFG Hermes, one of the largest investment banks in the Middle East, posted a net profit of 188 million Egyptian pounds ($26.3 million) in the second quarter of 2014 after a net loss of 80 million pounds in same quarter last year.
Egypt-based EFG Hermes, leading investment bank in the Arab world, suffered a net loss of EGP29 million ($4.2 million) in the second quarter compared to EGP71.2 million net profit a year earlier, it said on Sunday.
The firm report
Dubai's largest contractor Arabtec swung to a profit in the second-quarter of Dh92.4 million ($25.16 million), compared with a loss of Dh11.6 million in the corresponding period in 2012, it said in a bourse statement on Thursday.
Dubai property developer Deyaar on Sunday reported a 47 percent rise in second-quarter net profit as it gained from lower costs and fair-value adjustments of prices for its investment properties.
Deyaar, one of the companies worst
Qatar telecoms group Ooredoo reported a 44 percent jump in second-quarter net profit on Tuesday, beating analysts' estimates.
The former monopoly, which operates in about 16 countries across the Middle East, Africa and Asia, m
Dubai-based Emaar Properties has posted a net profit of Dh675 million ($184 million) for the second quarter of 2013 as against Dh614 million net profit for the corresponding period of 2012, marking an increase of 10 per cent.
Kuwaiti telecom operator Zain reported a 14 percent fall in its second-quarter net profit on Sunday to 61 million dinars ($214 million), mainly because of a currency loss in Sudan, according to Reuters calculations based on its first-half earnin
Aluminium Bahrain (Alba) has posted a net income BD20.7 million ($55 million) for the second quarter of the year, a drop of 42 per cent from BD35.6 million of Q2 2012, driven by unrealised derivative gains as well as lower metal prices.
Mashreq, Dubai's third-biggest lender by assets, posted a 25.7 percent rise in second-quarter net profit on the back of higher fee income, the latest bank in the United Arab Emirates to report strong quarterly numbers.