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Banking & Finance

UAE banking sector’s net international reserves hit AED 1.27 trillion

MEA Finance - 0
The latest data showed that the central bank accounted for AED 771.6 billion of the sector’s net international reserves at the end of July
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Banking & Finance

Qatar’s QNB Group posts $3.5 billion in nine-month profit

MEA Finance - 0
The banking group’s total assets reached QAR1.28 trillion, a growth of 8% year-over-year
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Banking & Finance

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

MEA Finance - 0
The deal is expected to drive growth, improve operational efficiency, and provide comprehensive support to businesses navigating the complexities of regional and global trade
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Banking & Finance

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

MEA Finance - 0
The wealth fund said the MoUs covered areas of cooperation such as encouraging two-way capital flows via both debt and equity
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Banking & Finance

Fitch says GCC banks show robust appetite for global expansion

MEA Finance - 0
GCC banks’ interest in Egypt is gaining momentum, driven by the improved macroeconomic environment
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Banking & Finance

Jersey Finance partners with the Saudi British Joint Business Council

MEA Finance - 0
Jersey has been a leading international finance centre for more than 60 years, offering a forward-thinking and ESG-driven approach across the banking sector
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Banking & Finance

NBK-Egypt reports EGP 1.28 billion in net profit in Q1 2024

MEA Finance - 0
Net operating income stood at EGP 2.75 billion, up 48.6% from EGP 1.85 billion recorded in the corresponding period of 2023
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Banking & Finance

Bahrain’s GFH Financial Group posts 13.03% jump in Q1 profit

MEA Finance - 0
Earnings per share for the quarter was $0.77 compared with $0.72 in the first quarter of 2023
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Banking & Finance

Bank of Sharjah reports net profit of AED80 million in Q1 2024

MEA Finance - 0
The bank’s robust metrics result from strict adherence to a focused approach to funding, lending, and operational effectiveness
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Banking & Finance

First Abu Dhabi Bank posts 6% rise in Q1 profit to AED 4.2 billion

MEA Finance - 0
The bank continues to maintain strong liquidity and robust operational efficiencies, as highlighted in its 24% cost-to-income ratio
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