Sunday 18 February 2018
 
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RAK Properties 2017 net profit surges 10pc

Leading property development firm RAK Properties said its net profit for the full fiscal year of 2017  surged 10 per cent to Dh192 million ($52.2 million) compared to Dh175 million the previous year. Announcing its financial

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Damac's 2017 revenue surges 4pc to $2.04bn

Damac Properties, a leading player in the UAE luxury real estate development sector, has reported a total revenue of Dh7.5 billion ($2.04 billion) for 2017, up four per cent over last year besides clocking a net profit of Dh2.8 billion ($762 mil

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Drake & Scull International swings to Q4 profit

Drake & Scull International, a regional leader in engineering and construction services, is back in the black  with a net profit of Dh700,000 ($190,549) for the fourth quarter in 2017 compared to a net loss of Dh359 million the previous

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Dana Gas posts $83m FY profit

Dana Gas, the Middle East’s largest regional natural gas company, reported full year 2017 gross revenue and net profit of $450 million and $83 million respectively as compared to $392 million and net loss of $88 million, respectively, in

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Emaar profits hit $1.8bn in 2017

Dubai-based Emaar Properties made $1.8 billion in profit and close to $5 billion in sales in 2017, Mohamed Alabbar, chairman of the listed developer said.   The figure is an increase on the $1.43 billion profits

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Shuaa Capital swings to profit in 2017

Shuaa Capital, a premier financial services company in the UAE, has registered a net profit of Dh74 million ($20.1 million) for the financial year 2017 compared to a loss of Dh132.5 million ($36 million) the previous year, thus witnessing a 156

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Nakheel's net profit surges 14pc to $1.5bn

Leading UAE developer Nakheel has generated a net profit of Dh5.67 billion ($1.54 billion) in 2017, up 14 per cent over the same period the year before, on the back of its successful retail, hospitality and leasing businesses. Ann

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Occupancy uplift drives profit growth for MEA hotels

An uplift in room occupancy levels helped drive growth in revenue and profit for hotels in the Middle East and Africa in December, and marked a positive end to a year of mixed results for the region, according to the latest worldwide poll of ful

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NBB net profit surges 4.8pc in 2017

National Bank of Bahrain (NBB), a leading bank in the kingdom, has reported strong growth for the financial year 2017 with a net profit of BD61.01 million ($162.25 million) up 4.8 per cent, compared to BD58.24 million ($154.88 million) the year

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ME carriers' profits to grow two-fold in 2018

Middle East carriers are forecast to see net profits improve to $600 million in 2018 (up from $300 million in 2017), new data showed. According to forecasts released by the International Air Transport Association (Iata), demand in

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