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Ithmaar honoured for annual report (Trade Arabia - 29/08/2012)

Ithmaar Bank, a Bahrain-based Islamic retail and commercial bank, has been honoured by the League of American Communications Professionals (LACP) with a gold award for its annual report. The international award recognises Ithmaar's pioneering role as the
BMB reports total income of $6.1 million in Q2 2012 (Al Watan - 26/08/2012)

Bahrain Middle East Bank (BMB) announced in a press release this week the results of its six month period ended June 30, 2012 - with a total income reaching 6.1 million US dollars as compared to $6.0 million in the same period for 2011 amidst challenging
Markaz Posts KD 1.2 Mln H1 Profit (Arab Times - 18/08/2012)

Kuwait Financial Centre “Markaz” [KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK] announced the results of the first half of 2012, Markaz posted a Net Profit of KD 1.2 million and a 2 fils EPS in H1 2012, compared to a profit of KD 750 thousand
KAMCO announces H1 financial results (Al Watan - 15/08/2012)

Kuwait Projects Company (KIPCO) Asset Management Company (KAMCO) reported its financial results for the first half ended June 30, 2012. During this period, the Company recorded a net loss of 2.9 million Kuwaiti dinars with earnings-per-share (EPS) of
Gulf Finance House Net Profits soar to US$ 5.7 million (Gulfbase.com - 13/08/2012)

Gulf Finance House has reported net profits of US$ 5.7 million for the period ending 30 June, 2012, as compared to US$ 0.7 million for the corresponding period in 2011. In the second quarter of this year, the Bank reported a profit of US$ 4.7 million, as
Al Baraka Banking Q2 net income rises 13% (Arab News - 13/08/2012)

Bahrain-based Islamic lender Al Baraka Banking Group posted a 13-percent rise in quarterly net income, the bank said yesterday, boosted by growth in its lending operations. The bank, which has operations across the Middle East, Asia and Africa, made a
Global plans $433 m debt-for-equity swap (Reuters - 13/08/2012)

Global Investment House, the Kuwaiti investment firm undergoing its second debt restructuring in three years, will seek shareholders approval for a debt-for-equity swap which if approved will see creditors own 70 percent of the company. The proposed
Shuaa Capital net loss reduces to AED 24.4 million (Gulfbase.com - 12/08/2012)

Shuaa Capital declared results for the second quarter and 1st Half of 2012, reported a decrease in net loss to AED 24.4 million from a loss of AED 25.7 million. First Half 2012 revenues got up by 23 percent to AED 77.2 million from AED 62.8 million in
Dlala net jumps 81% to QR30.34mn (Gulf Times - 10/08/2012)

A 26-fold jump in real estate income and better cost management helped Dlala Brokerage and Investments Holding Company to register an 81% jump in net profit to QR30.34mn in the first six months of this year. Net brokerage and commission income,
Shuaa posts Dh15.9 million?net loss in second quarter (Khaleej Times - 10/08/2012)

Shuaa Capital, the Dubai-based investment bank, on Thursday posted a second-quarter net loss as the company continued its restructuring efforts and booked one-off costs associated with the process. The company posted a net loss of Dh15.9 million for the
UGB declares 24% increase in first half profit (Gulfbase.com - 08/08/2012)

United Gulf Bank(UGB), the asset management and investment banking platform of the KIPCO Group, announced a net profit of US$ 16.5 million for the six months ended 30 June, 2012 – a 24% increase over same period last year (1H11: US$13.3 million ). UGB’s
QOIS reports marginal decline in its January-June net profit (Gulf Times - 07/08/2012)

Qatar Oman Investment Company (QOIC) has reported a marginal decline in its January-June net profit to QR12.74mn despite higher revenue. Investment and interest income, otherwise, grew 7% to QR15.83mn, according to its financial statement filed with the
Kipco reports 0.9% increase in second-quarter net profit (Gulf Times - 06/08/2012)

Kuwait Projects Company (Kipco), the country’s largest investment company, said it was positive about its outlook for the latter half of 2012 after reporting a 0.9% increase in second-quarter net profit yesterday. Net profit in the three months to June
Dubai Investments’ posts Dh171 million profit in H1 (Khaleej Times - 06/08/2012)

Dubai Investments, the largest investment company listed on the Dubai Financial Market, on Sunday declared a net profit of Dh171 million for the first six months of the year. The investment company’s profit fell by 28.6 per cent compared to Dh239 million
DFM profit up 140% (Khaleej Times - 05/08/2012)

The Dubai Financial Market Company on Saturday reported a 140 per cent surge in its net profit for the first half of the year, mainly on a significant jump in trading activity in the first six months. The company declared a net profit of Dh40.6 million
Appointment of Deputy Chairman (Gulfbase.com - 04/08/2012)

Muscat Finance Co. announced on Thursday (Aug. 2) the appointment of Mr. V. Venkataraman as Deputy Chairman of the Board of Directors. Mr. Venkataraman will replace Ms. Khulood M. Al Araimi, who resigned from the board on 25th June 2012. Mr. Venkataraman
Waha Capital‘s First Half 2012 Net Profit Tumbled 90 percent (Gulfbase.com - 02/08/2012)

Waha declared results for the 1st Half of 2012, reported a net profit of AED 3.5 million, a decrease of 90 percent compared with AED 35.8 million of the same period last year. The Groups Total Operating income amounted to AED 112.1 million for First half
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