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GCC banks post $35bn profits on higher revenues in 2021

Total net profits for the GCC banking sector increased by 40 per cent to reach US$35bn in 2021 as compared to US$25bn in 2020.

GCC markets post biggest quarterly gains since 2009

All the GCC markets were in the green during the first quarter with Abu Dhabi reported the biggest gain of 17.2 per cent, followed by Qatar and Saudi Arabia with gains of 16.4 per cent and 16 per cent, respectively.

KUNA : Kamco Invest reports net profit of KD 10 3 mln in 21 - Economics

KUNA : Kamco Invest reports net profit of KD 10 3 mln in 21 - Economics
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Kuwait s Kamco Investment Co net profit increases to $33m in 2021

RIYADH: Kamco Investment Co. has seen its profit increase to $33 million in 2021, compared to $8.3 million the previous year. The increase in profits was attributed to an increase in fees from asset listings and earnings from associated companies, according to a report by the Kuwait Stock Exchange. Kamco’s board of directors recommended a cash dividend of 10 fils per share,

GCC bond issuances drop as oil gains

After recording growth for two consecutive years, the bond and sukuk issuances in the GCC countries recorded a decline in 2021 due to rise in oil incomes.

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