Kuwai-based Burgan Bank Group has announced that it achieved a net profit of KD17.6 million ($62 million) during the first nine months of 2013.
Operating income surged to KD187.3 million registering a growth of 35 per cent compare
Union National Bank, jointly owned by the governments of Abu Dhabi and Dubai, posted a 4.2 percent increase in first-quarter net profit on Wednesday, in line with analysts' forecasts, as operating income rose at the bank.
The National Bank of Abu Dhabi plans to triple its contribution from Islamic banking by introducing sharia-compliant services in Egypt, Oman and Malaysia, its CEO said at the launch of its Malaysian subsidiary on Monday.
NBAD aims to de
Bahrain-based Al Baraka Islamic Bank, a subsidiary of Al Baraka Banking Group, said it posted solid results in the first quarter with its net operating income surging by a staggering 151.75 per cent compared to last year.
Bahrain-based Gulf International Bank (GIB) said its consolidated operating income for the nine months ended September 30 hit $133 million.
The bank's consolidated operating income was $166.1 million during the same period last year, said
Arab shipbuilding and Repair Yard Company (Asry) has achieved a net operating income of $66.118 million in the first five months of this year, said its top official.
The number of vessels repaired during this period reached 69, this was an
The Egyptian Saudi Finance Bank, a subsidiary of Albaraka Banking Group (ABG), said its gross operating income for the first half this year rose 50 per cent to reach $23.64 million.
After deducting operating expenses, the net operating inc
Kuwaiti logistics firm Agility, which posted a 9-per cent decline in second-quarter net profit, said on Saturday operating income in the three-month period fell almost 7 per cent as the firm spent more on expansion.
Agility, the Gulf Arab