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.
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
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.
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 Al Baraka Banking Group (ABG) has achieved a net income of $207 million in the first nine months of this year, an increase of five per cent on the net income achieved in the same period last year.
Total assets increa
Saudi Arabia-based Red Sea Housing Services Company (RSH) has registered a 16.6 per cent growth in its net income for the nine-month period which hit SR127.4 million ($34 million) compared to SR109.3 ($29 million) last year.
Gulf International Bank (GIB) has reported consolidated net income after tax of $72.7 million for the nine months ended September 30 this year, compared with $101.5 million in the prior year period.
The prior year income included
Saudi British Bank (SABB) , the kingdom's fifth-largest listed lender by assets, posted a 25.2 per cent rise in third-quarter net profit on Thursday, in line with analysts' forecasts as operating income increased.
Business across Bahrain have pledged to donate a day's revenue as part of a humanitarian campaign to raise funds for the besieged population of Gaza.
Private clinics and health centres make up the majority of participants - wi
Bahrain Duty Free Shop Complex has reported a 12.7 per cent decline in net profit at $4.4 million for the second quarter ended June 30, when compared with the figure for the same quarter last year.
This is due to reduced income from one