Saturday 25 April 2015
 
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Arab Bank Group posts net profit of $217.2m

Arab Bank Group has reported net profit after tax and provisions of $217.2 million for the first quarter as against $216.3 million in the previous year. Loans and advances increased by three per cent to $23.7 billion, compared wit

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ADCB posts $339m net profit for Q1, up 13pc

Abu Dhabi Commercial Bank (ADCB) has posted a net profit of Dh1.24 billion ($339.9 million) for the first quarter of the year, an increase of 13 per cent as compared to the same period last year. The banks operating incomes totall

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Damac Q1 net profit plunges 38pc

Damac Properties, a leading luxury project developer in Dubai, UAE, said its first-quarter net profit fell 38 per cent despite surging revenue because a year earlier its bottom line benefited from a big one-off gain from an associate.

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Doha Bank posts $115m net profit, up 5.2pc

Doha Bank has posted a net profit of QR420 million ($115.2 million) for the first quarter of the year, compared to QR399 million for the same period last year, an increase of 5.2 per cent. The bank’s net operating income inc

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Al Tayyar Travel Q1 profit up 2.1pc

Saudi Arabia's Al Tayyar Travel Group has posted a 2.1 per cent rise in first-quarter net profit due to higher sales. The company made a net profit of SR286 million ($76.3 million) in the three months to March 31, up from SR28

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Mashreq's gains surge 13pc as income increases

Mashreq, Dubai's third-biggest bank by assets, has posted a 13.2 per cent rise in first-quarter net profit as an increase in income from lending helped to offset a slight dip in returns from fees. It is the second bank in the

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NBB net profit rises to $45m, up 2.4pc

National Bank of Bahrain has posted an increase of 2.4 per cent in net profit at BD17.02 million ($45.27 million) for the first quarter, compared with BD16.62 million for the corresponding period of the previous year. The financia

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BBK's net profit rises 6pc to $39m

Bank of Bahrain and Kuwait (BBK) has reported six per cent rise in net profit at BD14.9 million ($39.52 million) for the first quarter of this year, compared with BD14 million in the same period last year. Earnings per share for t

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Emaar's Egypt unit reports big profit jump

Emaar Misr, the Egyptian arm of Dubai developer Emaar Properties, on Sunday reported a big jump in first-quarter profits, supported by strong revenue growth. The subsidiary of Dubai's largest real estate developer said profits

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Oman cement Q1 net profit up 3.7pc

Oman Cement, one of the sultanate's largest cement firms, has reported a 3.7 per cent rise in first-quarter net profit, beating analyst forecasts. The company made a net profit of RO3.83 million ($9.95 million) in three months

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