Middle East Equities News

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Zawya covers detailed information on the top 12, 000 companies in the Middle East with comprehensive live news coverage through the exclusive Zawya Dow Jones newswire service. Their news service provides independent, financial news that you can trust providing a comprehensive view of the Middle East and the depth that both local and international investors demand focusing on the financial markets and economies of the Gulf region.

Zawya offers the Middle East Equities News including NBB announces net profit of BD24.26Mn for H1 of 2010, CBI announced capital increase to LE 5.90 billion, Depa moves to increase liquidity in its shares, NCB profits reached SR 2,640 million for H1 of 2010, DFM Welcomes Trading Of Nasdaq Dubai Securities Through Its Trading Platform.

National Bank of Bahrain announced a Net Profit of BD 23.26 million (US$ 61.86 million) for the six months of 2010 compared to BD 25.60 million (US$ 68.09 million) for the corresponding period of the previous year, For the second quarter of 2010, the Bank recorded a Net Profit of BD 10.04 million (US$ 26.70 ...
... million) compared to BD 11.90 million (US$ 31.65 million) for the corresponding period of the previous year. Mr. Abdulla Ali Kanoo, the Chairman of the Board, expressed his satisfaction with the results achieved by the Bank in the current challenging business environment despite a drop of 9.1 % in the Net Profit. He thanked the Bank's customers for their continued support and executive management and employees for their commitment and contribution to the Bank's success. The Earnings per share for the six months of 2010 was 29.9 fils compared to 32.9 fils for the six months of 2009.

The Commercial International Bank (CIB), one of Egypt's most successful banks, announced on Tuesday 8/7/2010 that it that it will double its issued and paid-up capital to LE 5.90 billion ($1.07 billion), financed from its reserves, From Sunday 11 July 2010, NASDAQ Dubai registered brokers will be able to trade Depa shares on the Dubai Financial Market's X-Stream platform. This will help Depa attract more liquidity in its shares from retail investors who trade primarily on the Dubai Financial Market ('DFM'). "This is the seventh capital increase that CIB has had since 1993, bringing the bank's capital up from the 400 million EGP it was back then to almost 6 billion EGP, all without raising capital from the market. This latest move was supported fully by the bank's shareholders, a reflection of the faith and trust that CIB's shareholders have for the bank and its performance". said Hisham Ezz el Arab, Chairman of CIB.

National Commercial Bank announced that net income for the first half of 2010 reached SR 2,640 million, an increase of 18% over first half of 2009. Dubai Financial Market (DFM) welcomed today the commencement of the outsourcing agreement with NASDAQ Dubai, in which the trading, clearing, settlement and custody of NASDAQ Dubai securities will operate through the trading platform of DFM, the majority shareholder of NASDAQ Dubai, as of Sunday July 11th 2010.