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Top ten Saudi banks log $5.2bn profit after tax in Q2: A&MAggregate profit after tax for ten largest Saudi banks increased by 4.3% QoQ to SR19.5 billion ($5.2 billion) in Q2’24 due to net interest income (NII) growth (+2.5% QoQ) and a substantial decline in impairment charges (-27.0% QoQ). More… |
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UAE shoppers splurge $3.8bn on FMCG and Tech in Q2UAE consumers spent in the second quarter (Q2) a substantial $3.8 billion on Fast-Moving Consumer Goods (FMCG), Technology, and Durable Goods, a 3.4% change from last year. According to the new insights f More… |
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KSA nets $1.8bn trade surplus in non-oil trade with GCC in Q2Saudi Arabia's non-oil trade balance with Gulf Cooperation Council (GCC) countries recorded a significant surplus during the second quarter (Q2) of 2024, reaching SR6.776 billion ($1.8 billion). This More… |
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Listed firms in GCC post Q2 net of $60.7bn: Kamco InvestNet profits reported by companies listed on GCC exchanges grew 8.1% with total net profits up for the second consecutive quarter to reach $60.7 billion during Q2-2024 as compared to $56.2 billion in Q1-2024 and $57.4 billion in Q2-2023. More… |
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Listed firms in GCC post Q2 net of $60.7bn: Kamco InvestNet profits reported by companies listed on GCC exchanges grew 8.1% with total net profits up for the second consecutive quarter to reach $60.7 billion during Q2-2024 as compared to $56.2 billion in Q1-2024 and $57.4 billion in Q2-2023. More… |
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GCC listed banks post record $14.8bn net profit in Q2: KamcoNet income reported by listed banks in the GCC reached a new record high during Q2-2024 with aggregate net profits hitting $14.8 billion as compared to $14.4 billion during the previous quarter, resulting in a q-o-q growth of 2.6%. More… |
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Saudi Arabia’s non-oil exports rise 10.5pc in Q2 2024Saudi Arabia's non-oil exports increased by 10.5% during the second quarter of 2024, compared to the second quarter of 2023, the General Authority for Statistics (GAS) has announced. The International Trade More… |
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Agility posts H1 net profit of $81m and Q2 net of $19.6mAgility, a supply chain services, infrastructure and innovation company, has posted a first-half net profit of KD24.7 million ($81 million) and second-quarter net of KD6 million ($19.6 million). The company rep More… |
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Total of 13 GCC IPOs in Q2 raise $2.6bn: PwCA total of 13 IPOs raised $2.6 billion in the region in Q2 2024, compared to the same number of IPOs in the corresponding period in 2023 that raised $1.8 billion, says PwC Middle East’s latest IPO+ Watch. More… |
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Bank ABC Islamic posts H1 net of $25.1m; Q2 net at $14.3mBank ABC Islamic has posted a first-half (H1) net profit of $25.1 million and second quarter (Q2) net of $14.3 million. Total operating income for the six-month stood at $35.8 million, 16.5% higher on a year-on More… |
