Tuesday 29 July 2014
 
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Dubai Islamic Bank profit surges 59.6pc

Dubai Islamic Bank (DIB), the UAEs' largest sharia-compliant lender, posted a 59.6 per cent jump in its second-quarter net profit, aided by higher fee and investment income. Beating analysts' forecasts, the bank made 667.5

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Sico profit jumps 166pc to $13.5m

Securities & Investment Company (Sico), a conventional wholesale bank in Bahrain, reported a 166 per cent increase in first half net profit to BD5.1 million ($13.52 million), compared to BD1.9 million during the same period in 2013.

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Barwa Bank H1 profits up 35pc

Barwa Bank Group, Qatar's fastest growing shari'ah compliant banking service provider, said its net profit rose 35 per cent to QR411 million during the first half of this year, compared with QR303 million during the same period in 2013.

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Emirates NBD trims loan growth forecast

Emirates NBD trimmed its 2014 loan growth forecast but raised its expectations for how much lending would earn it this year after reporting an estimate-beating 34.8 percent jump in second-quarter net profit. Dubai's largest le

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RakBank in talks to acquire Rak National Insurance

UAE-based National Bank of Ras Al Khaimah said on Thursday it was looking to acquire a majority stake in a listed insurance company in the emirate, a rare example of a takeover attempt involving two public UAE fi

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Emirates NBD H1 profits surge 30pc to $640m

Emirates NBD, the largest bank in the UAE by total income and branch network, today reported a net profit growth of 30 per cent year on year for the first half to Dh2.350 billion ($639.7 million). The strong operating performance

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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

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Cash-flush Gulf banks grab top spots in loan market

Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending. &nbs

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Al Anwar wins case against Addax Bank

Oman-based Al Anwar Holding has won a legal case against Bahrain-based Addax Bank regarding investments made in the bank.   In a filing to the Muscat Securities Market (MSM),

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Oman fund 'may rescue Bulgaria's Corpbank'

Oman's State General Reserve Fund (SGRF) is seeking with other shareholders to stabilise Bulgaria's Corporate Commercial Bank and hopes a feasible plan will be put together within three months, an SGRF source told Reuters on Sunday.

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