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Bank Muscat proposes paying 40% dividend
Omani lender Bank Muscat has proposed a 40% dividend for 2012, including 25% of cash and 15% of... Read full article »
NBK's Bahraini unit posts 31% increase in profit
The Bahraini unit of the National Bank of Kuwait has posted a 31% increase in net profits for the... Read full article »
National Bank of Oman proposes 17.5% cash dividend
National Bank of Oman (NBO) has announced its board of directors has recommended a 17.5% cash... Read full article »
BankDhofar posts 170% surge in net profit
Oman-based BankDhofar has said its net profit surged by 170.07% to OR37.74m for the year ended... Read full article »
Byblos Bank reports 5.9% drop in 2012 profit
Lebanese lender Byblos Bank has reported a 5.9% year-on-year fall in net profits in 2012 after... Read full article »
Ahlibank posts 19% rise in net income
Oman's Ahlibank has reported a 19% increase in its net profit for 2012 to OR21.7m from OR18.2m a... Read full article »
UAE lenders propose 75% mortgage limit
The Emirates Banks Association has proposed that expatriates be allowed to borrow as much as 75%... Read full article »
Gulf Finance House mulls merging KCB with Bahraini lenders
Bahrain-based investment bank Gulf Finance House (GFH) has said it considering options to merge... Read full article »
Sharjah's UAB reports 24% jump in profit
Sharjah-based United Arab Bank (UAB) has posted a 24% year-on-year jump in net profit for 2012 to... Read full article »
Five Egyptian lenders facing possible downgrade
Five Egyptian banks have been placed by Moody's Investors Service on review for a possible... Read full article »
Bank Nizwa posts OR4.8m in Q4 loss
Omani lender Bank Nizwa, which officially launched operations on January 10, 2013, has posted a... Read full article »
Kuwait's Gulf Bank says 2012 net profit hit KD30.9m
Kuwait's second-largest lender, Gulf Bank has said its net Profit for 2012 was flat at KD30.9m,... Read full article »
AUB-Kuwait's 2012 net income rose 22.2%
Al-Ahli United Bank of Kuwait (AUB) has announced its net profit for 2012 rose to KD38.5m,... Read full article »
Bahrain insurance market up 9% in Q3 2012
Bahraini central bank has said the kingdom's insurance market has witnessed a 9% year-on-year... Read full article »
Allianz 'not exiting Egypt'
German insurance firm Allianz has said it is not considering leaving the Egyptian market and... Read full article »
