Emirates Investment Bank P.J.S.C. (EIBAN.DU)

Emirates Investment Bank reports financial results for the first nine months of 2019

Net profit reached AED 21.50 million for the nine-month period ended 30 September 2019

Emirates Investment Bank reports financial results for the second quarter of 2019

Q2 2019 net profit at AED 11.92 million, up by 0.9% compared to same period last year (Q2 2018: AED 11.81 million)

EIBank names Imad Bou Khouzam Interim CEO

Imad has been with EIBank as Chief Financial Officer since 2017, where he leads the finance, operations and IT departments

Gulf Capital acquires 70% of Medica

Gulf Capital is actively targeting investments in the fast-growing beauty and healthcare sectors

EIBank CEO Resigns

AM Best Places Credit Ratings of Gulf Insurance Group K.S.C.P. and Gulf Insurance and Reinsurance Company K.S.C. (closed) under review With developing implications

The Credit Rating (rating) actions follow the announcement on 30 November 2020, that GIG has signed a purchase agreement to acquire 100% of AXA Insurance (Gulf) B.S.C. (c) (Bahrain), 50% of AXA Cooperative Insurance Company (Saudi Arabia) and 28% of AXA Green Crescent Insurance Company PJSC (United Arab Emirates) for consideration of USD 475 million

TD and CIBC complete stronger quarter for Canada's banks

Canadian banks have built up significant reserves

Flipkart's digital payments firm PhonePe to raise $700mln from existing investors

PhonePe's fundraising, from Flipkart investors led by Walmart, will give it a valuation of $5.5bln

Danaat Al Lawzi financing deal signed in Bahrain

The bank is providing financing on Eskan Bank’s latest project as part of its commitment to Bahrain’s vision of providing housing solutions to citizens

Saudi bank deposits rise to record high in October, nears $506bln

Bank deposits hiked by 10.9% yearly in October

Fujairah oil product stocks rise 2.3% on big build in heavy distillates

Heavy distillates, which includes marine bunkers and fuel oil, climbed 18.5%

Arabtec Holding to file application for insolvent liquidation

The Board has concluded that it is no longer tenable for the Company to continue operating outside of a formal insolvency process and that it is in the best interests of the Company’s stakeholders that the Company be placed into an insolvent liquidation (subject to court approval) at the earliest opportunity

Mideast Stocks: Most log monthly gains on COVID-19 vaccine optimism

Saudi shares register best month in four years

F&B merger: UAE's Agthia Group shareholders approve acquisition of Al Foah

Proposal gets approval from shareholders of Abu Dhabi-listed firm

Dubai builder Arabtec says shareholders ask to reverse decision to liquidate company

Instead, the troubled builder is asking shareholders, scheduled to meet at a general assembly meeting on Monday, to approve the continuity and restructure the company, the filing said