Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has posted a 41 per cent increase in net income for the first nine months of the year to $24 million.
The total assets also increased by 15 per cen
Bahrain-based Islamic investment bank Gulf Finance House (GFH) has reported a net profit of $15.6 million for the first nine months of this year, compared with $1 million in the corresponding period last year.
Total income was $12
Jordan Islamic Bank (JIB), a subsidiary banking unit of Al Baraka Banking Group, registered net profits after tax of $46.83 million and before tax of $66.43 million in the third quarter of this year.
JIB chairman and ABG president
Alba's total sales for the first six months of this year were BD376.4 million ($1.001 billion) versus $1.018 billion in the corresponding period last year, on the back of higher premium partially offset by lo
The spending of ultra-high-net-worth individuals (UHNWIs) on luxury goods is set to increase globally this year, said a survey.
The Wealth Report’s Attitudes Survey found that over a third of the wealth advisors expected the
National Bank of Oman (NBO), the sultanate's second-largest lender by assets, posted a flat fourth-quarter net profit, missing analysts' expectations.
The lender made a net profit of RO10.2 million ($26.5 million) in the t
Abu Dhabi Commercial Bank (ADCB) reported a 47 per cent rise in third-quarter net profit on Wednesday, beating analysts' expectations, because of an increase in net interest income and lower provisions.
The bank posted a net p
Kuwait Finance House (KFH) , the Gulf state's biggest Islamic lender, reported a 21 per cent rise in second-quarter net profit on Tuesday, missing analysts' estimates.
Net profit rose to 26.8 million Kuwaiti dinars ($94.2