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Banking & Finance

EFG Holding’s quarterly profit surges by 95% to EGP 791 million

The banking group’s commercial banking division posted EGP 426 million in Q2 net profit, a 55% YoY as revenue growth outpaced the growth in expenses

Bahrain’s BBK, DP World Trade Finance partner to boost region trade

The deal is expected to drive growth, improve operational efficiency, and provide comprehensive support to businesses navigating the complexities of regional and global trade

Bahrain’s GFH Financial Group posts $60.75 million in H1 2024

Earnings per share for the January-June period rose to $1.70, up from $1.55 in H1 2023, marking a 9.7% increase

JLL, Mashreq partner to attain LEED zero carbon certification for global HQ

The 38,484 sqm Mashreq Global Headquarters in Downtown Dubai was awarded the LEED Zero Carbon certification from the US Green Building Council

Emirates NBD launches new branch in Riyadh’s financial district

The new destination in KAFD will cater to the community workforce, high-net-worth individuals HNWIs and business owners

Gulf International Bank posts $41 million in Q2 2024

The bank’s total assets at the end of the first half were $45.7 billion, a 3% decrease from $47.1 billion in December 2023

Crédit Agricole Egypt posts 67% half-year profit leap

The growth was attributed to growth in the bank’s corporate banking division despite the challenging and varied market conditions in the January-June period

Saudi Arabia’s PIF signs deals worth $50bn with Chinese banks

The wealth fund said the MoUs covered areas of cooperation such as encouraging two-way capital flows via both debt and equity

Al Ansari to acquire Bahrain’s BFC Group Holdings for $200 million

The strategic acquisition will allow Al Ansari to expand its geographic presence and become the largest remittance and exchange in the GCC region

RAKBANK posts record AED 1.1 billion half-year profit

The National Bank of Ras Al Khaimah (RAKBANK) has reported a record AED 1.1 billion net profit, a 21% year-on-year (YoY) increase, driven by...

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