Wednesday 23 July 2014
 
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ADIB net profit jumps 22.5pc, cites higher revenue

Abu Dhabi Islamic Bank (ADIB), the largest sharia-compliant lender in the emirate, beat analysts' estimates on Sunday as it posted a 22.5 per cent jump in second-quarter net profit as core business income boo

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QIB net profit up 15pc, beats estimates

Qatar Islamic Bank (QIB), the largest sharia-compliant lender in the country by assets, posted a 15 per cent jump in second-quarter net profit on Monday, according to Reuters calculations, beating analysts' expectations.  

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Emaar profit surges 21pc to $699m in 2013

Top developer Emaar Properties has recorded a full-year net profit of Dh2.57 billion ($699 million) in 2013, up 21 per cent over Dh2.119 billion the previous year led by Dubai’s robust economic growth and surging investor confidence.

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Nakheel 9-month profit surges 58pc

Dubai government-owned property developer Nakheel said on Monday that its nine-month net profit jumped 58 per cent year-on-year as the company continued to benefit from the recovery in the emirate's property market. The firm,

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Skydiver jumps 38km from stratosphere

  An Austrian daredevil leapt into the stratosphere from a balloon near the edge of space 24 miles (38 km) above Earth on Sunday and safely landed, setting a record for the highest skydive and breaking the sound barrier in the pr

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Qatar stocks jump on salary hikes

Qatar's bourse rose for a second day on Wednesday after the Gulf state announced salary and pension hikes of up to 120 per cent for state and military staff, and most regional markets also advanced, buoyed by rebounding world stocks. Qata

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UAE personal loans jump 11pc to $13.2bn

The personal loans registered a 11 per cent jump in three months from Dh43.5 billion ($11.8 billion) at the end of 2007 to Dh48.4 billion ($13.2 billion) during the first quarter of 2008, according to the UAE Central Bank. According to rep

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Saudi Mobily sees 40pc jump in market share

Etihad Etisalat (Mobily), Saudi Arabia's second-largest mobile phone operator, said on Saturday it expects its market share to rise above 40 per cent in 2008 despite the arrival of a third operator. The company had 11.1 million customers a

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Saudi Mobily posts 30pc jump in Q1 net

Etihad Etisalat (Mobily) posted a 30 per cent rise in first-quarter profit on growth of its mobile phone business, but missed all analysts' forecasts as it braces for greater competition in Saudi Arabia. Mobily made SR326 million ($86.9 mi

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Cadbury Q1 confectionery sales rise 7pc

Cadbury Schweppes, the world's biggest confectionery group, which plans to spin-off its North American soft drinks unit next month said on Friday it sweets business had seen a strong start to the year. The British group which makes Dairy M

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