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
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).
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
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.
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.
Al Baraka Bank Egypt, a subsidiary of Al Baraka Banking Group (ABG) and its investment arm in Egypt, registered 101 per cent increase in net income for the first quarter of 2016 compared with the same period last year, reported the Gulf Dail
Bank of Sharjah has posted a net profit of Dh250 million for the year ending December 31, 2015 as against Dh286 million for the previous year, marking a decline of 13 per cent.
Operating income stood at Dh833 million for the year,
Austerity measures adopted in the face of low oil income are estimated to save Bahrain’s government BD813.8 million ($2.14 billion) by the end of 2018, according to Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa in a report in the
Demand for high-quality fixed income assets will remain insatiable this year, as long as oil prices and interest rates stay low, according to a recent review.
This was the outlook of Bahrain-based Securities an
Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported an increase in total income and operating income from its core retail banking operations last year.
The improved performance was impacted by recog