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Mashreq Q1 net profit up 9.5pc to $163mMashreq, one of the leading financial institutions in the UAE, has posted a net profit of Dh598 million ($163 million) for the first quarter of the year, reflecting a yea-on-year increase of 9.5 per cent due to a 4 per cent increase in operating More… |
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Burgan Bank Group Q3 profit hits $62mKuwai-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 More… |
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Union National Bank Q1 net profit up 4.2pcUnion 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 More… |
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NBAD opens Malaysia unit; plans expansionThe 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 More… |
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Al Baraka Islamic net operating income up 152pcBahrain-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. Announcing t More… |
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GIB posts $133m operating incomeBahrain-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 More… |
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Asry net operating income tops $66mArab 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 More… |
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Albaraka unit operating income up 50pcThe 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 More… |
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Agility Q2 operating income downKuwaiti 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 More… |
