Wednesday 6 May 2015
 
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ABC Islamic Bank’s profit increases 75pc to $6m

ABC Islamic Bank has posted a net profit of $6.1 million for the first quarter of the year, a 75 per cent increase compared to the same period last year. High profile syndications and asset churn contributed to good growth in fee

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Arkan Building Materials profit up 87pc

UAE-based Arkan Building Materials Company has registered a net profit of Dh80 million ($21.7 million) in 2014, up 87 per cent compared to Dh43 million ($11.7 million) the previous year. A large-scale integrated building products

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Arkan Building Materials profit up 87pc

UAE-based Arkan Building Materials Company has registered a net profit of Dh80 million ($21.7 million) in 2014, up 87 per cent compared to Dh43 million ($11.7 million) the previous year. A large-scale integrated building products

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ADIB Q1 profit up 10pc on higher revenues

Abu Dhabi Islamic Bank (ADIB) on Sunday posted a 10.1 per cent rise in first-quarter net profit, helped by higher revenues. ADIB made a net profit of Dh450.8 million ($122.8 million) in the quarter to March 31 compared to Dh409.5

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Emaar Properties profit rises 7pc to $280m

Dubai's Emaar Properties, builder of the world's tallest tower, reported a 7 per cent increase in first-quarter net profit on Sunday, extending a run of profits as it sold $672 million in property in its home market and mall revenue rose

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Alragan fund nets $85m profit in Saudi deal

Kuwait-based Alragan International Real Estate Company said its investment fund has completed the second deal concerning the sale of its remaining share in a partner company in Saudi Arabia, worth SR521.32 million ($139 million).

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Jordan Islamic Bank gains surge 9pc to $16m

Jordan Islamic Bank (JIB), a subsidiary of Bahrain-based Al Baraka Banking Group, has reported nine per cent growth in net profit at $16.08 million for the first quarter when compared with $14.67 million for the first quarter last year.

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Finance House posts $6.9m net profit

Finance House has registered a consolidated net profit of Dh25.53 million ($6.9 million) for the first quarter of the year, compared to Dh35.51 million during the same period in the previous year. The net interest income and incom

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British Airways-owner IAG swings to profit in weaker season

British Airways-owner IAG reported a quarterly profit, swinging into the black from a seasonal loss for the first time, helped by lower fuel costs and an improvement in performance across its three airlines. The airline group, which is

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QInvest net profit increases 57pc to $7.4m

QInvest, a leading investment bank and Islamic financial institutions in Qatar, has reported a net profit of $7.48 million (QR27.21 million) for the three-month period ending March 31, an increase of 57 per cent. The firm posted r

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