Thursday 29 January 2015
 
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Net Profit

ADCB Q4 profit jumps 29pc to $277m

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.

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Doha Bank Q4 net profit down 7.2pc

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

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Emaar Malls Q4 net profit rises 5pc to $112m

Dubai's Emaar Malls Group (EMG), a unit of Emaar Properties, reported a 5 percent rise in fourth-quarter net profit on Wednesday. EMG made a net profit of Dh412 million ($112.2 million) in the three months to December 31, comp

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NBK Q4 net profit rises 46pc to $197m

National Bank of Kuwait, the country’s largest commercial lender, reported a net profit of KD57.9 million ($197.2 million) in the fourth quarter of 2014, compared to KD39.6 million a year ago, marking an increase of 46.4 per cent.

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Mashreq eyes Citigroup's Egypt retail business

Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday. The bank is holding talks with Citi on the matter, Abdul Aziz

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Topaz 9-month earnings up 17pc to $144m

Topaz Energy and Marine, a leading offshore support vessel company, has posted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $144.2 million for first nine months of the year, marking an increase of 17.5 per cent ove

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Shuaa Capital Q3 net profit jumps six-fold

Shuaa Capital, a Dubai-based financial services provider, has posted a net profit of Dh26.2 million ($7.13 million) during the third quarter of the year as against Dh3.6 million ($978 million) during the same period of 2013, marking a six-fold i

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Aldar to spend $1.08bn in short-term on projects

Aldar Properties plans to spend up to Dh4 billion ($1.08 billion) in the shortterm, its chief financial officer said on Thursday, after Abu Dhabi's largest property developer reported a 41 per cent jump in third-quarter profit.

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Kipco Q3 net profit rises 26pc to $35m

Kuwait Projects Co (Kipco), the Gulf state's largest investment company, posted a 26 percent rise in third-quarter net profit on Tuesday. Kipco made a net profit of KD10.1 million ($34.8 million) in the three months to Sept. 3

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Adib Q3 net profit jumps 20.5pc to $129m

Abu Dhabi Islamic Bank (Adib) has reported a net profit of Dh476.8 million ($129.78 million) for the third quarter (Q3) of the year, as against Dh395.5 million ($107.6 million) in Q3 2013, marking a rise of 20.5 per cent. The fina

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