Indebted telecom operator Zain Saudi reported a narrower second-quarter loss on Tuesday, in line with analyst forecasts, as revenue rose and financing costs fell.
Saudi Arabia's No.3 mobile company, 37-per cent owned by Kuwait
Jordan-based Arab Bank Group posted a 10 per cent rise in quarterly profit on Tuesday to $204 million, as revenues rose and its wide geographical spread left it less exposed to the region's political turmoil than some of its peers.
Ajman Bank, an award-winning financial services institution, reported strong growth in operating income over the second quarter (Q2) of 2011.
The bank's net income for the three months ending June 30, 2011, reached Dh48.5 million ($13.2 mi