Saudi banks’ net income to grow 12.9% in 2012
Riyadh - Arabstoday
Saudi banks have maintained relatively high profitability for 2012 despite high provisioning, NCB Capital says in its latest report. “We revise our profit CAGR for 2011-16 down from 14.5 percent to 12.1 percent due to our expectations of tighter margins, lower fee income and increased provisions,” said Mahmood Akbar, equity research analyst at NCB Capital. Overall, for the 10 banks under the report’s coverage, NCB Capital expects net income to grow 12.9 percent YoY and 1.5 percent QoQ in Q4, 2012. The 1.5 percent growth in Q4, 2012 net income is expected to be mostly driven by lower provisioning. From: Arab News
GMT 05:55 2018 Tuesday ,23 January
US tax reforms send UBS profits plungingGMT 13:12 2018 Sunday ,21 January
CBB signs memorandum of understanding with DFSAGMT 04:49 2018 Saturday ,20 January
HSBC in $100 million forex fraud settlementGMT 14:14 2018 Wednesday ,17 January
Strong euro 'source of uncertainty' for ECBGMT 17:00 2018 Tuesday ,16 January
IMF 'concerned' by Kiev's plan for anti-corruption courtGMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 06:05 2018 Sunday ,14 January
Bitcoin shouldn't become the new Swiss bank accountGMT 21:23 2018 Wednesday ,10 January
BCCI elections committee holds second meeting
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 08:04 2015 Monday ,20 April
Don Quixote to breathe new life into Cairo ballet
GMT 19:57 2018 Tuesday ,23 January
Farm-fresh from Kerala to the UAE, in just one day
GMT 06:03 2018 Tuesday ,09 January
Explosion risk for oil tanker ablaze off China
GMT 10:43 2017 Monday ,11 December
Nuclear cooperation and regional developments top Putin’s visit
GMT 11:35 2017 Thursday ,07 December
Australia takes GSK, Novartis to court
GMT 19:45 2017 Wednesday ,18 January
The UAE Releases Global State of the Future Report
GMT 02:34 2017 Sunday ,01 October
Abu Dhabi Sustainability Group discusses importance of effective energy
GMT 13:58 2017 Thursday ,02 February
Toyota paces US sales decline as carmakers pile more discounts
GMT 10:06 2017 Saturday ,11 March
ECB raises forecasts for growth
GMT 11:51 2017 Wednesday ,22 November
Hackers stole data from 57 millionGMT 09:55 2012 Monday ,02 July
Phillippines crocodile world\'s largest
GMT 11:21 2017 Saturday ,21 October
Peshmerga uses German missiles against Iraqi forces
GMT 12:15 2018 Wednesday ,17 January
Afghanistan's buzkashi horses prepare for battle
GMT 19:22 2017 Tuesday ,01 August
Gum disease linked to higher cancer risk in women
GMT 21:01 2017 Thursday ,12 October
Spending on ICT reaches Dh14.7b in UAE
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor