Sunday 26 April 2015
 
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income

Mashreq's gains surge 13pc as income increases

Mashreq, Dubai's third-biggest bank by assets, has posted a 13.2 per cent rise in first-quarter net profit as an increase in income from lending helped to offset a slight dip in returns from fees. It is the second bank in the

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Strong demand for GCC bonds despite low oil prices

GCC bonds could see further yield spread compression in the coming months, despite low oil prices, as global investors hunt for yield and a spate of redemptions frees up cash for reinvestment in the market, according to an expert.

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Strong demand for GCC bonds despite low oil prices

GCC bonds could see further yield spread compression in the coming months, despite low oil prices, as global investors hunt for yield and a spate of redemptions frees up cash for reinvestment in the market, according to an expert.

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ABC Islamic Bank profit up 23pc to 15m

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

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Gulf International Bank reports $85.6m income

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

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Oasis Capital reports net income of $13.2m

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

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Investcorp's net income increases 5pc

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

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NBAD Sukuk Income Fund delievers 2.33pc dividends

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.  

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UAE, Hong Kong in deal to avoid double taxation on income

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

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Al Baraka Algeria posts 3.7pc income rise

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.

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