Monday 25 September 2017
 
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Abu Dhabi-based banks net $2.07bn income in Q2

The net income of commercial and Islamic banks in the Emirate of Abu Dhabi amounted to Dh7.6 billion ($2.07 billion) during the second quarter of 2017, with commercial banks accounting for 83.1 percent of the net income of all banks operating in

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Abu Dhabi banks post $2.45bn income in Q2

The net income of Abu Dhabi-based commercial banks amounted to Dh9 billion ($2.45 billion) during Q2 2017, a growth of 4.1 per cent from Dh8.64 billion during the corresponding period in 2016. Net interest income amounted to Dh5.2

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Burgan Bank's H1 net income up 24pc

Kuwait-based Burgan Bank Group has registered a 24 per cent jump in its net income for the first half of 2017 which soared to KD39 million ($128 million) from last year's KD31.4 million ($103.5 million). Announcing the earning

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Nshama launches new mid-income residential project

UAE developer Nshama has launched a collection of affordable apartments for middle income families - Rawda Apartments - that are defined by their location on the central Town Square Park in Dubai, UAE. This comes following the suc

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Alkhabeer Capital posts 6pc growth in net income

Alkhabeer Capital, a leading asset manager specialising in alternative investments, said its total operating income for 2016 increased 16 percent to SR207 million ($55.20 million), while net income grew 6 percent to SR71 million ($19.20 million)

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Qatar al khaliji's operating income soars to $329m

Qatar-based Al Khalij Commercial Bank (al khaliji) said its net operating income for 2016 soared to QR1.2 billion ($329 million), up one per cent over the previous year despite various global economic challenges. Announcing the re

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Emirates Islamic income hits $680m in 2016

Emirates Islamic, one of the fastest growing banks in the UAE, said its total income (incuding the net of customers’ share of profit and distribution to Sukuk holders) for 2016 surged three per cent to Dh2.5 billion ($680.4 million).

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Apple’s iPhone sales drop 5.2pc to 45.5m

Apple said it sold 45.5 million iPhones during its fiscal fourth quarter ended September 24, 2.5 million fewer than a year earlier, refelcting a fall of 5.2 per cent. Apple’s earnings came in at $9.01 billion, or $1.67 per s

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Investcorp reports net income of $90.1m

Bahrain-based Investcorp, a global manager of alternative investment products, has posted a net income of $90.1 million for the year ended June 30 compared with $116.7 million in the previous year, marking a decline of 23 per cent.

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Swiss voters reject 'money for nothing' income plan

Swiss voters rejected by a wide margin on Sunday a proposal to introduce a guaranteed basic income for everyone living in the wealthy country after an uneasy debate about the future of work at a time of increasing automation. Supp

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