MENA News Gulf stock markets rise on strong earnings Nada Ali Apr 29, 2024 0 Stock markets across the Gulf region opened higher on Monday, buoyed by positive corporate earnings reports.
Egypt News Kuwaiti Finance House offers to acquire United Bank of Egypt Nada Ali Feb 29, 2024 0 Kuwait Finance House (KFH) has submitted a non-binding offer to acquire United Bank of Egypt, the Federation of…
Stocks Most Gulf markets rise amid a rise in oil prices Aya Anwar Nov 28, 2023 0 Most Gulf markets closed high on Tuesday on increasing oil prices, amid anticipations that the OPEC+ producer group…
Banks Qatar Islamic Bank offers Direct Remit Service via mobile app to Egypt Nada Ali Sep 24, 2023 0 Qatar Islamic Bank (QIB) announced on Sunday the expansion of its Direct Remit Service to Egypt. This is part of…
Banks Commercial Bank of Qatar beats estimates with Q2 profit Amwal Al Ghad English Jul 19, 2018 0 Commercial Bank of Qatar , the Gulf Arab state's third-largest lender by assets, beat estimates with a five-fold…
Banks Qatar Islamic Bank Q3 net profit ups 10.9% Yomna Yasser Oct 19, 2017 0 Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, reported a 10.9 percent jump…
Arab Qatar stocks outperform again in sluggish region Yomna Yasser Jul 19, 2016 0 Qatar's stock market edged higher on Tuesday after breaking major technical resistance, but other markets in the…
Indices news EFG-Hermes Plans Asset Sales As QInvest Deal Fails Yomna Yasser May 2, 2013 0 EFG-Hermes Holding SAE (HRHO.CA), Egypt’s largest investment bank, said it will sell assets and cut costs after an…
Indices news Egypt Premier Pledges Hermes-QInvest Deal Completion This Week – Sources Yomna Yasser Apr 16, 2013 0 Egypt’s Prime Minister Hisham Kandil, vowed Hermes-QInvest takeover deal’s completion procedures before the…
Indices news EFG-Hermes Takeover By Qinvest Mired In Delays As Deadline Nears Yomna Yasser Mar 26, 2013 0 The takeover of EFG-Hermes Holding SAE (HRHO.CA), Egypt’s biggest investment bank, by Qatar’s QInvest LLC is…
Indices news EFG-Hermes Says QInvest Takeover Delayed by Regulatory Process Yomna Yasser Jan 23, 2013 0 EFG-Hermes Holding SAE (HRHO), Egypt’s biggest investment bank, said its sale to Qatar’s QInvest LLC has been…
Banks Qatar Islamic Bank Announces First Nine Months Net Profit Reaches QR1.13bn Amwal Al Ghad English Oct 20, 2012 0 Qatar Islamic Bank (QIB), the largest Islamic Bank in Qatar has announced the financial results for the nine months…
Indices news EFG To Sell Qinvest Joint Venture Stake Next Year, Arqaam Says Yomna Yasser Oct 11, 2012 0 EFG-Hermes Holding (HRHO.CA) will sell its 40 per cent stake next year in the investment bank it is forming with…
Banks Fitch Affirms QIB’s Rating Amwal Al Ghad English Aug 22, 2012 0 Fitch Ratings has affirmed Qatar Islamic Bank’s (QIB) Long-term Issuer Default Rating (IDR) at ‘A’ with a Stable…
Arab Overlooked Qatar Shares May Surprise On The Upside Amwal Al Ghad English Jul 19, 2012 0 Qatar stocks have been overlooked this year during a boom in some neighbouring Gulf markets, but new financial…
EGX Egyptian Exchange Main Index 4.2% Down Amid Controversial Verdict Yomna Yasser Jun 7, 2012 0 Egyptian Exchange benchmark EGX 30 index dipped by 4.2 % this week, representing a retreat of 196.87 points, ending…
Indices news Qatari PM’s Son Seizes 60% of EFG-Hermes Yomna Yasser May 7, 2012 0 Negotiations between EFG-Hermes and QInvest on holding a majority stake in the region-wide new investment bank have…
Banks Qatar Islamic Bank Financial Strength Rating Affirmed On ‘A’; Negative Outlook Administrator Apr 29, 2012 0 Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Qatar Islamic…
EGX EGX30 Jumps 4.8% In Week On Telecom Shares, EFG-Hermes Yomna Yasser Apr 27, 2012 0 Egypt’s stock exchange benchmark EGX 30 index advanced by 4.8 % this week, representing an increase of 226.93…
Indices news EFG-Hermes Jumpes To Month High On Qinvest Talks Yomna Yasser Apr 26, 2012 0 EFG-Hermes Holding SAE (HRHO.CA) jumped to the highest in a month after it said QInvest LLC may hold a majority…
Indices news Qatar’s Qinvest May Acquire Majority of New Bank With EFG-Hermes Yomna Yasser Apr 26, 2012 0 EFG-Hermes Holding SAE (HRHO.CA) said Qatar’s QInvest LLC may hold a majority stake in a planned investment…
Arab Qatar Exchange 20 Dips, Qtel Denies Immediate Refinancing Requirements Yomna Yasser Apr 24, 2012 0 The Qatar Exchange QE 20 Index failed to benefit from the improved global sentiment Tuesday and fell 0.34% to…
Banks Qatar Islamic Bank To Finance Middle East Dredging Administrator Apr 23, 2012 0 Qatar Islamic Bank (QIB), one of the largest Islamic banks in Qatar and one of the top-five Shari'a-compliant banks…
Banks Qatar Islamic Bank Posts 388 Mln Riyals In Q1 Net Profit Administrator Apr 11, 2012 0 Qatar Islamic Bank (QIB), the Gulf state's second-largest lender by market value, posted a 20.9 percent jump in…
Arab Selling Pressure drives QE Shares into Losses Yomna Yasser Mar 10, 2012 0 Selling pressure, especially in small and mid cap equities, drove the Qatar Exchange (QE) to losses making it one…