Travel


Posts filtered by tags: National Commercial Bank NCB[x]


 

MIDEAST STOCKS-Banks aid #Saudi index; other major markets mixed - Agricultural Commodities - Reuters

MIDEAST STOCKS-Banks aid Saudi index; other major markets mixed - Agricultural Commodities - Reuters:Saudi Arabia’s stock market rose on Tuesday led by banking shares, as the kingdom is set to triple value-added tax (VAT) starting from July 1, while other major regional markets were mixed.Saudi Arabia’s benchmark index gained 0.5%, with Al Rajhi Bank rising 0.5% and petrochemical firm Saudi Basic Industries adding 0.8%.The kingdom will triple value-added tax to 15% from 5% as of July 1, seeking ...
Tags: Travel, Saudi Arabia, National Commercial Bank NCB, Rupert Neil Bumfrey, Saudi Basic Industries, Samba Financial Group, Al Rajhi Bank, Agricultural Commodities Reuters


Mideast Stocks: Major Gulf indexes slip in early trade | ZAWYA MENA Edition

Mideast Stocks: Major Gulf indexes slip in early trade | ZAWYA MENA Edition:Major bourses in the Gulf fell in early trade on Monday, with banking shares weighing on the Saudi index a day after it advanced after two lenders in the sector said they signed an initial merger agreement.The benchmark index of Saudi Arabia, which has reported the highest number of new coronavirus infections in the six countries of the Gulf Cooperation Council (GCC), slipped 0.3%.National Commercial Bank (NCB), which cl...
Tags: Travel, Saudi Arabia, Samba, Gulf Cooperation Council GCC, National Commercial Bank NCB, Riyad Bank, NCB, Rupert Neil Bumfrey, Samba Financial Group, Major Gulf


MIDEAST STOCKS-NCB, Samba jump on potential merger; #Qatar eases - Agricultural Commodities - Reuters

MIDEAST STOCKS-NCB, Samba jump on potential merger; Qatar eases - Agricultural Commodities - Reuters:Saudi Arabia’s stock market rose on Sunday, boosted by National Commercial Bank and Samba Financial Group Bank after they signed an initial merger agreement, while Qatar’s index retreated in early trade.The benchmark index in Saudi Arabia rose 0.9%, with Samba Financial Group jumping 9.9% and National commercial Bank (NCB) up 5.2%.NCB, the kingdom’s biggest lender, said on Thursday it had signed ...
Tags: Travel, Saudi Arabia, Qatar, Samba, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey, Samba Financial Group, National Commercial Bank, Agricultural Commodities Reuters, NCB Samba, Samba Financial Group Bank


MIDEAST STOCKS-Gulf bourses mixed; Telecom Egypt continues rally | Nasdaq

MIDEAST STOCKS-Gulf bourses mixed; Telecom Egypt continues rally | Nasdaq:Saudi Arabian stocks rose on Thursday as most of its banking shares climbed, while Egypt outperformed the region led by gains in blue-chips. Other Middle Eastern bourses were mixed.Egypt's blue-chip index advanced, 1.1% with 24 of 30 stocks on the index rising.Telecom Egypt soared 10%, reaching its highest since September. The stock was up for a third session, helped by Vodafone Group's deal to sell its 55% stake in Vodafo...
Tags: Travel, Saudi Arabia, Egypt, Gulf, Saudi Aramco, National Commercial Bank NCB, Vodafone Group, Rupert Neil Bumfrey, Al Rajhi Bank, Telecom Egypt, Vodafone Egypt Telecom Egypt, Vodafone Egypt Stock


UPDATE 1- #Saudi lender NCB reports 18.8% rise in 2019 net profit - Reuters

UPDATE 1-Saudi lender NCB reports 18.8% rise in 2019 net profit - Reuters:Saudi Arabia’s National Commercial Bank (NCB), saw a 13.2% rise in fourth-quarter net profit, according to Reuters calculations, helped by increased revenue from commissions and financing, and lower operating costs.The country’ largest lender made a net profit of 3 billion riyals ($799.8 million)in the three months to Dec. 31, up from 2.65 billion riyals in the same period of 2018, Reuters calculated from financial stateme...
Tags: Travel, Saudi Arabia, Reuters, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey


MIDEAST STOCKS-Major Gulf stocks up, #Saudi's NCB jumps on strong FY earnings | Nasdaq

MIDEAST STOCKS-Major Gulf stocks up, Saudi's NCB jumps on strong FY earnings | Nasdaq:Major stock markets in the Middle East rose on Wednesday, largely on the back of gains in financial shares and a recovery in oil prices, while Saudi was cheered by a host of corporate announcements.Oil prices climbed for a second day, recouping some losses after a five-day rout, on talk that OPEC could extend output cuts if China's outbreak of coronavirus hurts demand.Saudi Arabia's benchmark index .TASI was up...
Tags: Travel, Saudi Arabia, China, Opec, Middle East, Vodafone, Gulf, National Commercial Bank NCB, NCB, Tasi, Rupert Neil Bumfrey, Vodafone Egypt VODE


MIDEAST STOCKS-Petrochemicals aid #Saudi shares, #UAE up on financials - Reuters

:Saudi Arabia’s stock market edged up on Wednesday, led by petrochemical shares, while gains in financials lifted Dubai and Abu Dhabi stocks.In Saudi, the index edged up 0.1%, with Saudi Basic Industries gaining 1.6% and National Commercial Bank (NCB) adding 0.5%.On Monday, NCB and Riyad Bank decided to end preliminary merger talks, the two said in separate stock exchange filings. Riyad Bank was up 0.9%.However, Saudi Aramco’s shares were down 2.1%, at 37 riyals ($9.87), on the first day of thei...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Reuters, MSCI, National Commercial Bank NCB, Riyad Bank, NCB, Rupert Neil Bumfrey, Saudi Basic Industries, However Saudi Aramco


#SaudiArabia's NCB, Riyad Bank pull plug on merger plan - Reuters

Saudi Arabia's NCB, Riyad Bank pull plug on merger plan - Reuters:Saudi Arabia’s biggest lender by assets, National Commercial Bank (NCB) and Riyad Bank, the kingdom’s fourth largest, said on Monday they had ended merger talks, without giving a reason. “The boards of both banks have decided to end preliminary merger talks and not to continue with the merger study,” the two said in separate stock exchange filings. The merger was expected to create a combined bank holding $183 billion in assets an...
Tags: Travel, Saudi Arabia, Reuters, National Commercial Bank NCB, Riyad Bank, NCB, Rupert Neil Bumfrey, Al Rajhi Bank, NCB Riyad Bank


MIDEAST STOCKS- #Saudi hits 11-month low as most Gulf markets fall - Reuters

MIDEAST STOCKS-Saudi hits 11-month low as most Gulf markets fall - Reuters:Saudi Arabia's stock index fell sharplyon Tuesday with all its banking shares declining ahead ofthird-quarter results as expectations remain muted, while mostmajor Gulf markets traded in negative territory.In Saudi Arabia, the benchmark index declined 1.6%,reaching its lowest since November 2018. Riyad Banklost 4% and National Commercial Bank (NCB) dropped1.6%.Third-quarter results at Saudi banks are expected to be hitby ...
Tags: Travel, Saudi Arabia, Gulf, Reuters, National Commercial Bank NCB, Rupert Neil Bumfrey, Vrajesh Bhandari, Riyad Banklost, AlMal Capital


MIDEAST STOCKS-Banks Propel #Saudi, most Gulf markets up | Reuters

MIDEAST STOCKS-Banks Propel Saudi, most Gulf markets up | Reuters:Saudi Arabia’s stock market rose on Monday aided by rising bank shares, while Dubai was lifted as most of its real estate stocks rebounded.The Saudi Arabia index was up 0.6 percent with Al Rajhi Bank adding 1.2 percent and the country’s largest lender, National Commercial Bank (NCB), gaining 0.8 percent. NCB had last week reported a 3.5 percent increase in its fourth-quarter net profit.Saudi exchange data released late Sunday show...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Reuters, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey, Al Rajhi Bank


#Saudi lender NCB's quarterly profit rises 3.5 pct | Reuters

Saudi lender NCB's quarterly profit rises 3.5 pct | Reuters:Saudi Arabia’s National Commercial Bank (NCB), the country’s largest lender, saw a 3.5 percent rise in fourth-quarter net profit, according to Reuters calculations, while its annual profit met analysts’ forecasts.The bank, which is in merger talks with Riyad Bank , made a net profit of 2.65 billion riyals ($706.6 million) in the three months to Dec. 31, up from 2.56 billion riyals in the same period of 2017, Reuters calculated from fina...
Tags: Travel, Saudi Arabia, Reuters, National Commercial Bank NCB, Riyad Bank, NCB, Rupert Neil Bumfrey, Samba Financial Group


Mideast Stocks: Global market woes hurt Gulf, merger talk sends Riyad Bank to 4-year high | ZAWYA MENA Edition

Mideast Stocks: Global market woes hurt Gulf, merger talk sends Riyad Bank to 4-year high | ZAWYA MENA Edition:The Saudi market fell on Tuesday, as plunging oil prices pressured petrochemical stocks, while Riyad Bank was the top gainer, reaching a four-year high after saying it was in merger talks with National Commercial Bank (NCB).The Dubai index was the sole gainer of the session, inching up on the back of rises in its banking shares, with most major Gulf bourses slipping on tepid global sent...
Tags: Travel, Dubai, Gulf, National Commercial Bank NCB, Riyad Bank, Rupert Neil Bumfrey


UPDATE 1- #SaudiArabia's biggest bank NCB in merger talks with rival Riyad | Reuters

UPDATE 1-Saudi Arabia's biggest bank NCB in merger talks with rival Riyad | Reuters:Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s biggest lender by assets, has begun preliminary discussions to merge with smaller rival Riyad Bank, the two lenders said on Monday.A merger would further extend NCB’s lead over its closest rivals including Al Rajhi Bank, by boosting its assets by almost a third to 685 billion riyals ($183 billion)The move comes two months after Saudi British Bank (SABB)...
Tags: Travel, Saudi Arabia, Reuters, Riyad, National Commercial Bank NCB, Riyad Bank, NCB, Rupert Neil Bumfrey, Al Rajhi Bank, Alawwal Bank, Saudi British Bank SABB


CORRECTED-Saudi Arabia's National Commercial Bank Q3 profit rises | Reuters

CORRECTED-Saudi Arabia's National Commercial Bank Q3 profit rises | Reuters:Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s largest lender by assets, reported a 15.4 percent rise in third-quarter net profit on Tuesday, helped in part by an increase in net special commission income and fees from banking services.The bank made a net profit of 2.45 billion riyals ($653.05 million) in the three months to Sept. 30, up from 2.13 billion riyals in the same period of 2017, it said in a bour...
Tags: Travel, Saudi Arabia, Reuters, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey, SICO Bahrain, National Commercial Bank


CORRECTED-Saudi lender NCB lifted by rise in fees and investment income | Reuters

CORRECTED-Saudi lender NCB lifted by rise in fees and investment income | Reuters:Saudi Arabia’s National Commercial Bank(NCB), the kingdom’s largest lender, reported a 6.7 percent rise in second-quarter net profit on Tuesday on increased fees, commission and investments.It was the fourth Saudi bank to report earnings on Tuesday, with the other two reporting higher profit and the third, Banque Saudi Fransi(BSF), the kingdom’s fifth-largest bank by assets, posting an 8.4 percent profit fall.Despi...
Tags: Travel, Saudi Arabia, Reuters, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey, Banque Saudi Fransi BSF


Saudi lender NCB lifted by rise in fees and investment income | Reuters

Saudi lender NCB lifted by rise in fees and investment income | Reuters:Saudi Arabia’s National Commercial Bank(NCB), the kingdom’s largest lender, reported a 6.7 percent rise in first-quarter net profit on Tuesday on increased fees, commission and investments.It was the fourth Saudi bank to report earnings on Tuesday, with the other two reporting higher profit and the third, Banque Saudi Fransi(BSF), the kingdom’s fifth-largest bank by assets, posting an 8.4 percent profit fall.Despite limited ...
Tags: Travel, Saudi Arabia, Reuters, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey, Banque Saudi Fransi BSF


MIDEAST STOCKS-Gulf stocks mixed, Saudi Ma'aden up 3 pct on strong Q1 earnings | Reuters

MIDEAST STOCKS-Gulf stocks mixed, Saudi Ma'aden up 3 pct on strong Q1 earnings | Reuters:"Gulf markets were trading mixed on Thursday, but some selective buying was seen in stocks on the back of strong earnings, such as in Saudi Arabian Mining Co (Ma’aden) and Saudi Arabia’s biggest lender National Commercial Bank (NCB).The decision by the U.S. Federal Reserve to keep interest rates unchanged also provided some floor to the market, although there were fewer drivers for blue-chip stocks to go hig...
Tags: Travel, Saudi Arabia, Gulf, Reuters, U S Federal Reserve, National Commercial Bank NCB, Rupert Neil Bumfrey, Ma'aden, Saudi Arabian Mining Co Ma'aden, Saudi Ma aden


Saudi NCB net profit up 11.8 pct as expenses, impairments drop

Saudi NCB net profit up 11.8 pct as expenses, impairments drop:"Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s largest lender, reported an 11.8 percent rise in fourth-quarter net profit on Tuesday, helped by a drop in expenses and lower impairment charges.The bank made a net profit of 2.56 billion riyals ($683 million) in the three months to Dec. 31, up from 2.29 billion riyals in the same period of 2016, it said in a bourse statement.SICO Bahrain had forecast NCB would report a pr...
Tags: Travel, Saudi Arabia, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey, SICO Bahrain, Saudi NCB


Saudi's NCB plans to raise capital with 10 billion riyal bonus share issue

:"Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s largest lender, said on Sunday its board had proposed increasing the bank’s capital by 10 billion riyals ($2.7 billion) through issuing bonus shares to help support growth.In a statement to the Saudi stock market, NCB said it will increase its capital to 30 billion riyals from retained earnings, by issuing one bonus share for every two shares owned, subject to approval from shareholders and authorities.No money is being raised from s...
Tags: Travel, Saudi Arabia, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey


MIDEAST STOCKS-NCB, Mobily hit Saudi, Emaar still weighs on Dubai

MIDEAST STOCKS-NCB, Mobily hit Saudi, Emaar still weighs on Dubai:"National Commercial Bank (NCB) and telecom stocks dragged down Saudi Arabia’s main index on Monday while Emaar Properties weighed on Dubai’s stock market for the second day in a row. The Saudi index fell 1.3 percent to 6,886 points on the back of the banking and insurance sectors, as NCB reported an 8.4 percent rise in third-quarter net profit, or around 5 percent below analysts’ estimates. It fell 4.8 percent. Bank Aljazira fell...
Tags: Travel, Saudi Arabia, Dubai, National Commercial Bank NCB, Emaar Properties, NCB, Rupert Neil Bumfrey, Bank AlJazira, Alawwal Bank, Alinma Bank


MIDEAST STOCKS-Saudi banks down on 9/11 lawsuit, real estate weighs on Abu Dhabi | Reuters

MIDEAST STOCKS-Saudi banks down on 9/11 lawsuit, real estate weighs on Abu Dhabi | Reuters:"Saudi Arabia's two largest listed banks were the main drag on the index on Sunday on news that U.S. insurers have filed a lawsuit against the lenders over the Sept. 11, 2001, attacks, while real estate shares and troubled Dana Gas weighed on Abu Dhabi. Shares of Al Rajhi Bank dropped 2.3 percent and, National Commercial Bank (NCB) lost 2.4 percent after the lawsuit was filed late on Wednesday in the U.S. ...
Tags: Travel, Osama Bin Laden, Saudi Arabia, Manhattan, Abu Dhabi, Reuters, U S District Court, Dana Gas, National Commercial Bank NCB, Travelers Cos, Rupert Neil Bumfrey, Abu Dhabi Shares of Al Rajhi Bank


UPDATE 1-Al Rajhi Bank defies Saudi austerity impact with profit rise | Reuters

UPDATE 1-Al Rajhi Bank defies Saudi austerity impact with profit rise | Reuters:"Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 5 percent rise in fourth-quarter net profit on Wednesday, meeting analysts' forecasts as financing, investment and other income all increased.The bank extended its run of rising profits to five quarters in a row, despite the impact of austerity measures by the government aimed at trimming the kingdom's budget deficit to adjust to lower oil rev...
Tags: Travel, Saudi Arabia, Reuters, National Commercial Bank NCB, Rupert Neil Bumfrey, Al Rajhi Bank


Fitch: Strongest Saudi Banks Defy Tough Operating Environment | Reuters

Fitch: Strongest Saudi Banks Defy Tough Operating Environment | Reuters:"Saudi Banks: Peer Review here LONDON, October 24 (Fitch) Five Saudi Arabian banks stand out, demonstrating particular strengths in the face of the country's increasingly tough operating environment, Fitch Ratings says. These banks achieve 'a-' standalone Viability Ratings (VR), which are higher than the 'bbb+' score we assign to the country's operating environment. The remaining six Saudi Arabian banks rated by us all have ...
Tags: Travel, London, Reuters, Fitch Ratings, National Commercial Bank NCB, Rupert Neil Bumfrey


MIDEAST STOCKS-Markets fall across region, NCB earnings hit Saudi | Reuters

MIDEAST STOCKS-Markets fall across region, NCB earnings hit Saudi | Reuters:"The performance of banking shares weighed on Saudi Arabia's market index on Sunday after the largest listed bank reported profits below analysts' expectations, while indexes for other markets in the region also fell.Riyadh's index fell 1.1 percent as National Commercial Bank (NCB) tumbled 5.6 percent after reporting a third-quarter net profit of 1.96 billion riyals ($523 million), down 1.6 percent from the same period o...
Tags: Travel, Saudi Arabia, Reuters, Riyadh, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey


MIDEAST STOCKS-NCB Q3 profit miss weighs on Saudi, rest of Gulf weak | Reuters

MIDEAST STOCKS-NCB Q3 profit miss weighs on Saudi, rest of Gulf weak | Reuters:"Banking shares weighed on Saudi Arabia's stock index in morning trade on Sunday after the largest listed lender reported third-quarter profit below expectations, while neighbouring Gulf bourses were also soft.Riyadh's index pulled back 0.9 percent in the first 40 minutes of trade as National Commercial Bank (NCB) dropped 3.9 percent after reporting third-quarter net profit of 1.96 billion riyals ($522.7 million), dow...
Tags: Travel, Saudi Arabia, Gulf, Reuters, Riyadh, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey


Saudi Arabia contract awards down 75 per cent on a year ago | The National

Saudi Arabia contract awards down 75 per cent on a year ago | The National:"Contract awards in Saudi Arabia dropped by a further 27 per cent quarter-on-quarter to just 20.3 billion Saudi riyals (Dh19.88bn), and are 75 per cent lower than the 82.8bn riyals awarded in the corresponding period last year.Research from the kingdom’s National Commercial Bank (NCB) stated that the decline was mainly owing to the lack of large contract awards by the Saudi government as it attempts its fiscal restructuri...
Tags: Travel, Saudi Arabia, National Commercial Bank NCB, NCB, Dammam, Rupert Neil Bumfrey


Saudi’s largest lender National Commercial Bank says profit rises on higher lending | The National

Saudi’s largest lender National Commercial Bank says profit rises on higher lending | The National:"Saudi Arabia’s largest listed lender, National Commercial Bank (NCB), reported a 3.2 per cent increase in second-quarter net profit on Sunday, which was at the low end of analysts’ forecasts.The bank made a net profit of 2.44 billion Saudi riyals (Dh2.3bn) in the three months to June 30, up from 2.36bn riyals in the same period last year, it said in a bourse statement.Four analysts had forecast ...
Tags: Travel, Saudi Arabia, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey, National Commercial Bank



Filters
May - 2020
MoTuWeThFrSaSu
    123
45678910
11121314151617
18192021222324
25262728293031
June - 2020
MoTuWeThFrSaSu
1234567
891011121314
15161718192021
22232425262728
2930     
July - 2020
MoTuWeThFrSaSu
  12345
6789101112
13141516171819
20212223242526
2728293031