ABC Islamic Bank has posted a net profit of $15.1 million last year, a 23 per cent increase as compared to $12.2 million recorded in 2013.
The net profit for the fourth quarter was $3.6 million, 19 per cent higher than the same pe
Bahrain-based Gulf International Bank (GIB) has reported consolidated net income of $85.6 million for the year ended December 31, as against $121.5 million in 2013.
The bank said its income in 2013 included two exceptional, one-of
Oasis Capital, a Bahrain-based investment firm, has reported net income of $13.2 million for last year.
The company said it was a significant increase over $400,000 in the prior year, reported the Gulf Daily News (GDN), o
Bahrain Bourse-listed Investcorp, an alternative investment manager, has reported five per cent increase in net income at $45.3 million for the period from July to December 2014.
This compares with net income of $43.3 million for
The National Bank of Abu Dhabi’s (NBAD) Sukuk Income Fund has earned a total income of $798,923, which is equivalent to 2.33 per cent of the net asset value (NAV), which includes the intended dividend pay-out of $0.12 per unit.
The UAE signed a deal for the avoidance of double taxation on income with Hong Kong, during a meeting between businessmen and commercial banks from both parties in Dubai, UAE.
The agreement was signed by Obaid Humaid Al Tayer, Min
Al Baraka Bank Algeria, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has announced that its net income for the first nine months of the year increased 3.7 per cent to $38 million when compared with the same period a year ago.
Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has posted a 41 per cent increase in net income for the first nine months of the year to $24 million.
The total assets also increased by 15 per cen
Bahrain-based Al Baraka Banking Group (ABG) has achieved a net income of $207 million in the first nine months of this year, an increase of five per cent on the net income achieved in the same period last year.
Total assets increa
Saudi Arabia-based Red Sea Housing Services Company (RSH) has registered a 16.6 per cent growth in its net income for the nine-month period which hit SR127.4 million ($34 million) compared to SR109.3 ($29 million) last year.