2008
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UNB profit up 63.5%
UAE-based Union National Bank has reported a 63.5% increase in profits for the first nine months... Read full article »
NBK 9-month profit hits $915m
National Bank of Kuwait, the largest Kuwaiti bank, has reported a record net profit of $915m (KD... Read full article »
UAE pumps $19bn into banking sector
The UAE is injecting an additional Dhs270bn ($19bn) into the country's financial sector to... Read full article »
Foreign deposits in UAE banks to surge
Bankers and economists are predicting a large influx of foreign deposits in the UAE following the... Read full article »
QIA to buy into Qatar banks
State investment arm, the Qatar Investment Authority, is to buy between 10% and 20% of stock in... Read full article »
QNB profits up 77%
Qatar National Bank has announced Q3 profit increases of 77% on the same period last year. Net... Read full article »
UAE banks strong, says Governor
The Governor of the UAE Central Bank has flown to the US to discuss the worldwide liquidity... Read full article »
UAE, Kuwait cut interest rates
Central banks in Kuwait and the UAE cut interest rates yesterday, tracking a round of emergency... Read full article »
Tamweel plans Dhs2bn Islamic bond
Shaikh Khaled Al Nahayan, chairman of Dubai-based Islamic mortgage lender Tamweel, said the firm... Read full article »
Samba Q3 profit falls
Saudi Arabia's second-biggest lender, Samba Financial Group, said on Monday third-quarter profit... Read full article »
Arab National Bank profits up 3.3%
Arab National Bank has announced that its Q3 profits are up 3.3% fuelled by an increase in... Read full article »
Al Rajhi profits up 4.1%
Saudi-based Al Rajhi bank has announced that its net profits for Q3 are up 4.1%. The rise is... Read full article »
Amlak profit up 157%
Amlak Finance, the largest real estate financier in the Middle East by market value and total... Read full article »
GCC banks exposed to property
Banks in the GCC have potentially left themselves exposed in the real estate market if global... Read full article »
Tamweel, Amlak to merge
The two largest mortgage finance providers in the UAE, Amlak and Tamweel, have announced that... Read full article »
