Union Insurance Company (UIC), a leading provider of insurance products, reported that its net profit has increased 12 per cent to Dh23.6million ($6.4 million) in the first six months (H1) of the year compared to Dh21.2 million a year earlier.
Kuwait-based United Real Estate Company (URC), a major regional developer, achieved a net profit of KD3.5 million ($12.3 million) and an operating profit of KD8.2 million for the first half of 2014.
“We began the year with an aim
BBK has reported a 7.1 per cent growth in net profit at BD14 million ($37.13 million) for the three months ended March 31, when compared with BD13.1 million for the same period last year.
The earnings per share reported for the pe
Kuwait-based Jazeera Airways, a leading low-cost carrier in the region, has reported a net profit of KD2.1 million ($7.45 million) for the first three months (Q1) of the year, which is 41.8 per cent lower than the profit for Q1 of 2013.
Saudi Basic Industries Corp (Sabic) reported a dip in its quarterly earnings on Sunday as its chief executive said a shortage of natural gas was limiting its domestic growth, making expansion abroad vital.
Sabic, the biggest liste
The National Bank of Bahrain (NBB) posted a 12.1 per cent increase in net profit at BD16.62 million ($44.20 million) for the first quarter of the year, compared with BD14.83 million for the corresponding period of the previous year.
Al Hilal Bank, a major UAE-based bank, announced that its net profit for 2013 reached a record high of Dh441.4 million ($120.14 million), reflecting a 42 per cent increase as compared to the Dh310.3 million posted in 2012.
Etisalat, the United Arab Emirates' biggest telecoms operator by revenue and subscribers, fell short of analysts' expectations with a 70 percent rise in fourth-quarter net profit.
The former monopoly, which operates in abo
Bahrain Islamic Bank (BisB) has registered a net profit of BD6.1 million (15.7 million) last year when compared to a net loss of BD36.1 million in 2012.
The bank had registered a net profit of BD2.3 million in the last quarter of
Al Salam Bank Bahrain posted a net profit of BD12.4 million ($32.4 million) for last year, up 20 per cent over the previous year.
The net profit for the quarter ended December 31, 2013, was BD3.2 million, as compared to BD4.2 mill