Aramex, a leading global logistics solutions provider, has posted a net profit of Dh86.6 million ($23.5 million) during the first quarter (Q1) of the year, up from Dh78.7 million ($21.4 million) in Q1 2014, marking an increase of 10 per cent.
Mubadala, an Abu Dhabi state-owned fund, today said its 2014 net profit dropped 28.7 per cent due to lower income from financial investments and impairments on oil and gas assets.
The fund said in a statement it made a net profit
Reem Investments, one of the leading investment companies in Abu Dhabi, announced a net profit of Dh245 million ($66.7 million) for the financial year 2014, an increase of 61 per cent from 2013 at its recent annual general meeting.
Bahrain-based Gulf Petrochemical Industries Company (GPIC) yesterday (March 21) reported a net profit of $190.2 million for last year.
In a statement issued after the company's annual general meeting (AGM), the Prime Minister&
National Bank of Kuwait-Bahrain (NBK Bahrain), the subsidiary of NBK Group in Bahrain, reported net profits of $145 million for the year 2014 compared with $114 million in 2013, a growth of 27 per cent year-on-year.
As of end of 2
NMC Health, a leading healthcare operator in the UAE, has announced a 12.1 per cent rise in net profit to $77.5 million for 2014 as well as the acquisition of a global fertility treatment provider based in Barcelona, Spain for $162 million.
Abu Dhabi investment firm Waha Capital plans to invest Dh3.2 billion ($872 million) in the short-term to grow its energy, healthcare and infrastructure portfolio, its chief executive said on Sunday.
Salem Rashid Al-Noaimi spoke to
Zain Bahrain generated revenues of BD71.8 million ($190.5 million) in 2014, a decrease of 8.1 per cent on the previous year's BD78.1 million ($207.1 million), a report said.
EBITDA for the period reached BD27 million and BD29.
Abu Dhabi Commercial Bank (ADCB) made a net profit of Dh1.02 billion ($277.7 million) in the three months of 2014 versus Dh793.1 million in the corresponding period of 2013, marking a rise of 28.9 per cent according to Reuters calculations.
Doha Bank, Qatar's fifth-largest lender by assets, reported a 7.2 per cent fall in fourth-quarter net profit on Wednesday.
Net profit fell to QR219 million ($60.2 million) from QR236 million a year earlier, the bank said in a