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ADCB posts 5pc rise in Q1 profitAbu Dhabi Commercial Bank (ADCB) posted a net profit of 903 million dirhams ($245.8 million) in the three months to March 31, up from 861 million dirhams in the prior-year period, marking a 5 percent rise. Four analysts polled by Reuter More… |
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First Gulf Bank Q4 profits up 12pc, beats forecastFirst Gulf Bank, the UAE's second-largest lender by market value, on Wednesday beat analysts' expectations with a 12-per cent rise in fourth-quarter net profit, boosted by higher interest income and Islamic financing. The More… |
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Abu Dhabi Commercial Bank Q4 profit jumps 32pcAbu Dhabi Commercial Bank reported a 32 per cent jump in quarterly net profit on Wednesday, beating analysts' expectations, as the bank made fewer provisions and non-interest income grew. The UAE’s third largest lender b More… |
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Red Sea Housing Q4 profit triples to $8.75mRed Sea Housing Services, a leader in modular housing solutions, has posted a net income of SR32.87 million ($8.75 million) for the fourth quarter of 2012, against SR10.89 million in Q4 2011, making an increase of 201 per cent. Ac More… |
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National Bank of Oman Q4 profit jumps 48pcNational Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a 47.8-percent rise jump in fourth-quarter net profit on Sunday, beating analysts' expectations. The lender made a net profit of More… |
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Alba production, sales hit new highAluminium Bahrain (Alba), said its production figures grew 2 per cent in the first quarter to 220,738 metric tonnes (MT) compared to 216,792 MT last year thus posting its 5th straight quarter of positive growth. One of the largest alu More… |
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Japan's economy shrinks in quarterJapan's economy shrank in the second quarter at a faster pace than initially reported as companies held back on capital expenditure due to worries about a rising yen and faltering global growth. Economists say Japan is likely to resume gro More… |
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Etisalat Q4 net surges 19.7pc to $479mEmirates Telecommunications Corporation (Etisalat), the second-largest Arab telecom firm by market value, made a fourth-quarter net profit of Dh1.76 billion ($479.3 million), up 19.7 per cent from a year-earlier. The company posted profit More… |
