While experts say the Kingdom is the best performing market in the region, they also warn investors to be patient while doing deals.
The bank reported a ten per cent year-on-year rise in first quarter profit earlier this year.
Saudi Basic Industries Corp recorded a five per cent year-on-year fall in net profit during the first quarter of the year.
The UAE-based mortgage lender recorded a net profit of Dhs18 million during the first quarter of the year.
The decision to appoint Jim Yong Kim, an American, to the top post has been criticised by developing nations.
National Bank of Kuwait reported a 0.3 per cent rise in Q1 profits year-on-year.
The Dubai-based developer reported a net profit of Dhs1.3 billion for 2011.
Bank Muscat, Oman’s largest lender by market value, posted a net profit of $86.7 million for the first quarter of the year.
Saudi Basic Industries Corporation will be distributing a dividend of SR5 per share to shareholders for 2011.
The travel firm had to cancel a similar sale two years ago due to a lack of demand.
Mashreq bank chairman Abdul Azuz Al Ghurair is also vice chairman of DIFC’s higher board of directors.
Qatar National Bank has acquired a 49 per cent stake in Libya’s Bank of Commerce and Development for an undisclosed sum.
Dubai’s financial court is revving up efforts to become the home to international dispute hearings.
The bank plans to distribute 55 per cent of its 2011 net profit to the ministry of finance, reported WAM.
The Abu Dhabi-based investment company attributed the loss to negative fluctuations in its financial investments.
Qatar Investment Authority said it is looking to invest $10 billion in India, but is waiting for policies to change in the country.
Oman plans to issue sovereign bonds worth OR200 million this year, but is waiting for the right time, according to officials.
Al Rajhi Bank, SABB, Saudi Hollandi Bank and Banque Saudi Fransi recorded a rise in net profit during the first quarter of the year.
The new system will help in the trading of financial instruments such as derivatives and Sukuks.
Qatar National Bank recorded a net profit of $549 million during the first quarter of the year.
The airport retailer has chosen Dubai Islamic Bank, HSBC and Emirates NBD to arrange its $1.1 billion loan facility.
Qatar Investment Authority (QIA) currently holds a five per cent stake in global mining and metals company Xstrata.
UAE banks will have to stop ‘yesteryear’ practices if they are to survive future competition.
Abu Dhabi National Energy Company (TAQA) booked a profit of $113 million on the sale.
Top finance guru Henry Azzam leaves MENA chairman role, citing no reasons.
Dubai International Capital, the private equity arm of Dubai Holding, has reached a final agreement with creditors for restructuring its debt.
Only one creditor has not yet accepted the $2.2 billion debt restructuring plan proposed by the Dubai-based shipbuilding unit.
Saudi Arabia’s Islamic Development Bank and Dallah Albaraka Group have signed an agreement with Qatar to set up the new bank.
The opening up of the Kingdom’s stock market to foreigners will be gradual, Saudi Arabia’s capital market regulator has said.
According to a new survey, 63 per cent of employees in the UAE expect a wage hike in the next 12 months.