Saturday 25 February 2017
 
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Seef Properties 2106 profit surges 12.2pc

Seef Properties, a leading integrated development company in Bahrain, said it has registered a net profit of BD11.04 million ($28.3 million) for 2016, up 12.2 per cent over the previous year. Announcing the financial results for t

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Kuwait Styrene Company net profit up 11pc

The Kuwait Styrene Company (TKSC), the first and only producer of styrene monomer in Kuwait, said it has registered a 11 per cent growth in its net profit for 2016 which soared to $107 million from $97 million the previous year. E

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Kuwait Styrene Company net profit up 11pc

The Kuwait Styrene Company (TKSC), the first and only producer of styrene monomer in Kuwait, said it has registered a 11 per cent growth in its net profit for 2016 which soared to $107 million from $97 million the previous year. E

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Ooredoo Kuwait net profit hits $153m, up 75pc

National Mobile Telecommunications Company (Ooredoo Kuwait) said its net profit for 2016 surged to KD46.7 million ($152.5 million) in 2016, up 75 per cent from KD26.7 million ($87.2 million) for the same period the previous year.

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QIC wins shareholders' nod for $760m capital boost

Qatar Insurance Company, a leading insurer in the Gulf region, said it has won approval from the shareholders to increase its capital from QR2.41 billion ($661 million) to QR2.77 billion ($760 million). The company announced this

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Gulf Hotels Group posts 2016 net profit of $42.4 million

The Gulf Hotels Group (GHG), a leading hospitality chain in Bahrain, has reported a gross operating revenue of BD36.377 million ($95.8 million) and a net profit of BD16.133 million ($42.4 million) for the year 2016 after consolidating the result

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RAK Ceramics 2016 net profit plunges 37pc

UAE-based RAK Ceramics, one of the largest ceramics brands in the world, said its net profit for 2016 plunged 37.1 per cent to Dh216 million ($58.7 million) over last year amidst a challenging market environment. Announcing the re

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RAK Ceramics 2016 net profit plunges 37pc

UAE-based RAK Ceramics, one of the largest ceramics brands in the world, said its net profit for 2016 plunged 37.1 per cent to Dh216 million ($58.7 million) over last year amidst a challenging market environment. Announcing the re

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Solid profitability seen for top UAE banks

The five large United Arab Emirates banks' core profitability is expected to remain solid over the next 12-18 months, according to a Moody's report.    In Q4 2016, the five banks -- Emirates NBD (A3

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Manazel Real Estate net profit up 5.6pc

Manazel Real Estate, a leading UAE developer, said its net profit rose 5.6 per cent to Dh206.5 million ($56 million) from Dh195 million the previous year mainly driven by its successful restructuring and diversification strategy.

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