Sunday 20 April 2014
 
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Sabic CEO eyes expansion abroad as Q1 profit dips

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

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NBB profit surges 12pc to $44.2m in Q1

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.

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Al Hilal Bank record profits top $120m

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. The rec

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Etisalat Q4 profit rises 70pc to $394m

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

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BisB swings to $15.7m net profit

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

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Al Salam Bahrain posts 20pc profit

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

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Aramex Q4 net profit up 16pc

Dubai-based logistics firm Aramex posted a 16 percent rise in fourth-quarter net profit on Sunday, boosted by growing revenues from its international business. The company made a net profit of 76.4 million dirhams ($20.8 million)

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DFM net profit soars to $77m

Dubai Financial Market has posted a net profit of Dh284.6 million ($77.5 million) for 2013, as compared to Dh35.2 million in the previous year. The total revenues reached to Dh453.1 million at the end of 2013, compared to Dh191 mi

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QNB Q4 profit up 13.7pc to $659m

Qatar National Bank (QNB), the largest lender in the Gulf Arab region, posted a 13.7 percent increase in fourth- quarter net profit, slightly trailing analysts' expectations. The bank, which completed the purchase of a majorit

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Burgan Bank Group Q3 profit hits $62m

Kuwai-based Burgan Bank Group has announced that it achieved a net profit of KD17.6 million ($62 million) during the first nine months of 2013. Operating income surged to KD187.3 million registering a growth of 35 per cent compare

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