Thursday 11 February 2016
 
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Damac's 2015 net profit surges 30pc to $1.23bn

Damac Properties, a leading developer of high-end properties in the Middle East, said it has registered a net profit of Dh4.51 billion ($1.23 billion) for 2015, up 30 per cent over the previous year. Announcing the results, Damac

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Finance House posts $16.7m net profit

Abu Dhabi-based Finance House, a leader in commercial and retail financing, financial services and investments, has reported a consolidated net profit of Dh61.7 million ($16.7 million) for 2015, slipping from Dh73.3 million ($19.9 million) achie

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Zain Q4 net profit rises 8pc

Zain, Kuwait's No.1 telecom operator by subscribers, reported an eight per cent rise in fourth-quarter profit on Wednesday, halting a sustained earnings slump as its subscriber base increased. The former monopoly, which operat

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Emaar Q4 profit near-flat after hotel fire write-down

Dubai's Emaar Properties, builder of the world's tallest tower, reported a near-flat fourth-quarter net profit on Wednesday after it took a write-down relating to a fire at one of its hotels on New Year's Eve. The deve

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Flydubai 2015 net profit slumps 60pc

Budget carrier flydubai posted a 60 per cent drop in 2015 net profit on Wednesday, as tough market conditions, the airline's fuel hedging policy and the impact from a stronger dollar outweighed higher revenue. Flydubai made a net pr

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Bahrain Duty Free records $77m revenues, up 3.3pc

Bahrain Duty Free Shop Complex (BDFSC) has reported gross revenues of $77 million for last year, achieving a 3.3 per cent growth over previous year.    The operating profit was $13.7 million, a growth of 14.

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Zain Bahrain net profit up 24.3pc

Bahrain Bourse-listed Zain Bahrain has reported an increase of 24.3 per cent in net profit at BD5.147 million ($13.616 million) for the year ended December 31 when compared with BD4.142 million in 2014. In a statement the telecoms firm said th

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Jazeera Airways posts $51.2m net profit

Jazeera Airways, a low-cost carrier based in Kuwait, has reported a net profit of KD15.4 million ($51.2 million) for 2015. The airline reported positive results last year compared to figures recorded in 2014, when it posted a pre-transa

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BBK profit rises 6.2pc to $141m

Bank of Bahrain and Kuwait has reported 6.2 per cent rise in net profit at BD53.2 million ($141 million) for the year ended December 31 when compared with BD50.1 million for 2014, with earnings per share of 50 fils as against 47 fils earlier.

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More women executives mean more profits: study

Companies with 30 per cent female executives rake in as much as six percentage points more in profits, according to a study on Monday, feeding into a global debate over the scarcity of women in decision-making business roles. The

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