Dunia posts Dhs55.6 million profits; Dhs166.4 million revenues
Survey finds that male salary levels fell by SAR 371, while female salaries dropped by SAR 211.
The profit increase came despite a 20.9 per cent jump in impairments.
The lender, Oman’s first full-fledged Islamic bank, launched operations in January.
Under the deal, Global separated its core fee business from other parts of the company.
The lender is rapidly diversifying its presence, both domestically and internationally.
The UAE’s largest lender made a net profit of Dhs2.6 billion in the first half of the year, on the back on increased revenues.
The bank attributed the fall in profit to a provision against a domestic real estate loan.
National Bank of Kuwait posted a net profit of $165.7 million in the second quarter of the year.
The lender made a net profit of Dhs972 million in the three months to June 30.
Adnan Chilwan, who was previously deputy CEO at the bank, replaces Abdullah Al Hamli as the new chief executive.
Ali has held the role of acting CEO since August 2012 following the departure of previous CEO Jeff Singer.
The funds from the KIngdom were given in the form of a five-year interest-free deposit at Egypt’s central bank.
The firm made a net profit of Dhs69.5 million in the three months to June 30, compared with Dhs10.2 million in the same period of 2012.
SABIC’s net income for the three months to June 30 was 6.04 billion Saudi riyals compared with 5.3 billion riyals in the same period last year.
Bank Dhofar, the larger of the two lenders, said last week that it had approached Bank Sohar with regards to a merger proposal.
Net profit for the first six months of 2013 was 291.3 million riyals, 4.1 per cent up on the 279.7 million riyals made last year.
The Manchester City owner sold all of his stake in the British bank after helping to rescue the lender during the financial crisis.
Gulf Arab oil producers have promised aid packages worth $12 billion to Egypt since the overthrow of president Mohamed Mursi.
The tiny Gulf state will take on Abu Dhabi and Dubai as it looks to become the region’s financial powerhouse.
Net profit for the first half of the year was 18.77 million rials compared with 19.92 million rials in the prior year period.
Air Arabia is the top trader on the UAE bourse after jumping 8.3 per cent to reach its highest levels since October 2008.
Mumtalakat made a net loss of 181.7 million dinars versus a net loss of 270.6 million a year earlier.
The UAE’s financial sector is poised for expansion in the second half of 2013 but hiring depends largely on winning new projects.
Net profit for the three months to June 30 was 339 million riyals versus a profit of 348.9 million riyals in the second quarter of 2012.
The new entity would have total assets worth 4.13 billion rials and a market capitalisation of around $1.76 billion.
The sharp increase in first-half trading stems from a rise in currency volumes.
In April last year, the central bank set limits for how much commercial banks could lend to state-linked borrowers, in an effort to reduce risks.
The UAE’s financial ties to Turkey have expanded in recent years as banks look to diversify out of the region’s oil-focused economy.
Oman’s biggest lender by market value reported a net profit of 63.1 million rials in the first half of 2013, down from the prior-year period.