Thursday 30 October 2014
 
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National Bank of Oman net profit jumps 25pc

National Bank of Oman, the sultanate's second-largest lender by assets, posted a 25 per cent rise in second-quarter net profit, beating analysts' expectations.   The lender made a net profit of RO12.7 mil

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Gold demand recovers in Q2: report

A strong recovery in consumer demand for gold has continued in the second quarter, with numbers up from the previous quarter, said a report. The latest edition of the quarterly summary of the state of gold worldwide, published by

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Kipco Q2 net profit up 11pc to $33m

Kuwait Projects Co (Kipco), the country's largest investment company by assets, reported a 11 percent rise in second-quarter net profit on Wednesday and said it was on track for double-digit revenue growth this year. Net profi

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Sabic Q2 net profit up 14pc on lower cost

Saudi Basic Industries Corp (Sabic), the world's biggest petrochemicals group by market value, posted a 13.96 per cent rise in its second quarter net profit, but missed anlaysts' forecasts. Sabic, which is 70-per cent stat

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National Bank of Oman posts flat Q2 profits

National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a near-flat second quarter net profit, Reuters calculated, beating analyst estimates. The lender made a second-quarter net profit of

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Goldman Sachs doubles Q2 profits

Goldman Sachs Group Inc said on Tuesday quarterly profit doubled, beating Wall Street estimates, boosted by returns from investing the bank's own money. The investing and lending segment, which tracks the bank's investment

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Citigroup Q2 profit increases 42pc

Citigroup posted a 42 per cent increase in quarterly profit, as stronger home prices reduced mortgage losses and bond trading revenue jumped, underscoring the bank's recovery since the financial crisis. Still, storm clouds lie

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ADCB posts 5pc rise in Q1 profit

Abu 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

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First Gulf Bank Q4 profits up 12pc, beats forecast

First 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

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Abu Dhabi Commercial Bank Q4 profit jumps 32pc

Abu 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

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