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BUSINESS

BUSINESS latest

Bank ABC Islamic announces first half 2026 net profit of US$ 16.1 million
August 12th, 2026 - 05:07 GMT

Bank ABC Islamic announces first half 2026 net profit of US$ 16.1 million

For the first half of 2026, Bank ABC Islamic reported total Operating income after profit on murabaha and other payables and before attribution to quasi-equity of US$92.5 million, up 3.2% from the same period last year, while net income attributable to quasi-equity increased by 7.9%. Net profit, however, declined by 40.3% to US$16.1 million, compared with US$26.9 million in the prior-year period, primarily due to a charge for expected credit losses versus a reversal in the same period last year. Key Performance Highlights  Net profit of US$16.1 million, 40.3% ...
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Ramses Hilton Contribution  in the National Campaign for Plasma Donation
November 11th, 2021 - 04:38 GMT

Ramses Hilton Contribution in the National Campaign for Plasma Donation

GE Plans to Form Three Public Companies Focused on Growth Sectors of Aviation, Healthcare, and Energy
November 11th, 2021 - 04:24 GMT

GE Plans to Form Three Public Companies Focused on Growth Sectors of Aviation, Healthcare, and Energy

Sheraton Abu Dhabi Hotel & Resort Reopens With New Look and Fresh Culinary Offerings
November 11th, 2021 - 04:07 GMT

Sheraton Abu Dhabi Hotel & Resort Reopens With New Look and Fresh Culinary Offerings

Azizi Developments’ Riviera Recognised as ‘Best Project of the Year’ at the International Finance Awards 2021
November 10th, 2021 - 05:15 GMT

Azizi Developments’ Riviera Recognised as ‘Best Project of the Year’ at the International Finance Awards 2021

Abu-Ghazaleh: We Need a Revolution in Training … It’s the Responsibility of Training Leaders
November 10th, 2021 - 05:03 GMT

Abu-Ghazaleh: We Need a Revolution in Training … It’s the Responsibility of Training Leaders

ADIPEC 2021 will Provide Much Needed Platform for the Global Energy Industry & Policymakers to Address the Outcomes of COP26
November 10th, 2021 - 04:48 GMT

ADIPEC 2021 will Provide Much Needed Platform for the Global Energy Industry & Policymakers to Address the Outcomes of COP26

SHUAA Capital Delivers Strong Net Profit and EBITDA Performance and Growth Underpinned by Solid Business Momentum
November 10th, 2021 - 04:40 GMT

SHUAA Capital Delivers Strong Net Profit and EBITDA Performance and Growth Underpinned by Solid Business Momentum

Bank ABC Announces Q3 and Nine Months 2021 Results With a Year-to-Date Net Profit of $80 Million Attributable to the Shareholders of the Parent
November 10th, 2021 - 04:31 GMT

Bank ABC Announces Q3 and Nine Months 2021 Results With a Year-to-Date Net Profit of $80 Million Attributable to the Shareholders of the Parent

Kuwait Finance House Bahrain Resumes Credit Risk Training
November 10th, 2021 - 04:22 GMT

Kuwait Finance House Bahrain Resumes Credit Risk Training

Air Arabia Posts Solid Third Quarter Net Profit Of  Dh209 Million
November 10th, 2021 - 04:17 GMT

Air Arabia Posts Solid Third Quarter Net Profit Of Dh209 Million

Anghami Hints at Integration with MetaMask Crypto Wallet
November 10th, 2021 - 12:55 GMT

Anghami Hints at Integration with MetaMask Crypto Wallet

PwC’s 2021 Transact Middle East  Increasing Focus on Tech as Dealmakers’ Confidence Returns
November 10th, 2021 - 12:38 GMT

PwC’s 2021 Transact Middle East Increasing Focus on Tech as Dealmakers’ Confidence Returns

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