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Most GCC residents prioritise holiday despite hard times: surveyLeading global professional services firm Alvarez & Marsal (A&M) has revealed that the recent cost-of-living pressures have not dented consumers’ travel budgets over the past 12 months. On the contrary, they are spending more: almo More… |
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UAE banks’ Q1 profit surges 35%: Alvarez & MarsalUAE banks’ profitability grew by 35 percent in Q1 from the previous quarter due to enhanced cost efficiencies and lower impairment charges as well as a rise in non-core income, a report said. Incremental deposit growth outst More… |
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Saudi banks’ income up 28.4% in 2022 to hit $16.7bnThe aggregate net income of Saudi banks increased by 28.4% year-on-year (YoY) to SR62.7 billion ($16.7 billion) in 2022, a report said, noting that they are likely to remain on a profitable path in 2023 with continued credit growth. More… |
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KSA banks return to profits in Q2 with moderate growth of 2.7%Profitability of the top 10 KSA banks showed a moderate improvement as growth in aggregate net profit was 2.7% from Q1’22 resulting in an increase of 41 bps in return on equity (RoE), said the Saudi Arabia (KSA) Banking Pulse for More… |
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Top 10 Saudi banks post 15.5% surge in 2021 net incomeProfitability metrics of the top 10 banks in Saudi Arabia witnessed an improvement during 2021 with post Covid-19 economic recovery, with net income increasing by 15.5 percent YoY to SR48.8 billion ($12.8 billion), a report said. More… |
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Profitability of top 10 Saudi banks rises 20.3% in Q3Despite low interest rates higher NII and reduced impairments drove double digit profit, of 20.3 percent, for top 10 banks in the Kingdom of Saudi Arabia (KSA) in Q3’2021, with liquidity expected to remain healthy for the remainder of 2021 More… |
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Alvarez & Marsal appoints managing director for EMEAAlvarez & Marsal (A&M), a leading global professional services firm, has expanded its financial restructuring capabilities in Europe, the Middle East and Africa (EMEA) with the hiring of James Dervin as Managing Director. More… |
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UAE banking sector’s profitability rebounds in Q2The top 10 UAE banks managed a healthy rebound in profitability and balance sheet metrics in the second-quarter (Q2) of 2021, said leading global professional services firm Alvarez & Marsal (A&M) in a new report. The Retur More… |
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Alvarez & Marsal to advise on operationalising FinablrThe consortium buying UAE Exchange and XPress Money owner Finablr has retained leading global professional services firm Alvarez & Marsal Middle East to advise on the going forward operationalizing of the company. Alvare More… |
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Alvarez & Marsal to advise on operationalising FinablrThe consortium buying UAE Exchange and XPress Money owner Finablr has retained leading global professional services firm Alvarez & Marsal Middle East to advise on the going forward operationalizing of the company. Alvare More… |
