Friday 26 May 2017
 
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EFG Hermes posts Q1 profit of $13m

EFG Hermes, a leading financial services corporation in the Middle East and North Africa, reported today strong first quarter results, with net profit after tax and minority interest from continued operations of EGP236 million ($13.04 million).

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Bank of Sharjah Q1 profits down to $15.79m

Bank of Sharjah reported a net profit of Dh58 million ($15.79 million) for the first quarter of 2017, against Dh81 million for the same period of 2016. As a result, earnings per share for the period were down by 30 per cent and re

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Citi wins Saudi CMA licence; to start operation

Saudi Arabia's Capital Market Authority (CMA) has granted a licence to Citi, a financial services major, to provide services in the kingdom. The business will be branded Citigroup Saudi Arabia and will provide a full range of

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Dubai Municipality opens first UAE Foodbank branch

The first branch of the UAE Foodbank opened today in the Al Quoz area in Dubai. At the opening, Her Highness Sheikha Hind bint Maktoum bin Juma Al Maktoum, the chairman of the UAE Foodbank Board of Trustees, said: “I am extr

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BBK posts $149.6m net profit for 2016

BBK, a leading retail bank in Bahrain, has announced a net profit of BD56.4 million ($149.60 million) attributable to owners for the financial year ended December 31, 2016. The net profit is 6 per cent higher compared to the previ

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Emirates Investment Bank profits up

Emirates Investment Bank (EIBank), an independent private bank based in the UAE, today announced a net profit of Dh33.89 million ($9.23 million) for 2016, up 20.5 per cent from Dh28.13 million ($7.66 million) in 2015. Operating income w

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Barwa Bank posts $203m profit

Barwa Bank, a leading Shariah compliant bank in Qatar, recorded a net profit of QR738.8 million ($202.89 million) for 2016. Earnings per share rose to QR2.49, the bank said. The financing portfolio increased by 4.5 per cent from last ye

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Emirates Islamic posts $26.86m profit

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, posted a net profit of Dh106 million ($28.86 million) for 2016. Total Income for 2016 (net of customers’ share of profit and distribution to suk

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Hessa Al Ghurair to lead CBI’s CSR programme

Dubai-headquartered CBI, a well-established corporate and retail bank, has appointed Hessa Al Ghurair as its head of corporate social responsibility (CSR). Al Ghurair, who is also CBI’s chief human resources sfficer, will de

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Bank ABC posts $183m net profit for 2016

Bank ABC (Arab Banking Corporation) has reported a consolidated Group net profit of $183 million for the year 2016, 2 per cent higher compared to a profit of $180 million reported for the previous year. Overall during 2016 the gro

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