Friday 6 March 2015
 
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profit

Mubadala GE net profit dips 3.9pc on fee income

Mubadala GE Capital, a joint venture between the Abu Dhabi state-owned fund and General Electric, has reported a 3.9 per cent drop in 2014 net profit as higher proceeds from the sale of financial assets could not offset a slump in fee income.

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GB Auto Q4 net profit down 29pc

Egyptian auto distributor GB Auto's fourth-quarter net profit fell 29 per cent year-on-year to EGP32.1 million ($4.21 million), from EGP45.1 million the same period last year, the company said on Sunday. The company reported t

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GB Auto Q4 net profit down 29pc

Egyptian auto distributor GB Auto's fourth-quarter net profit fell 29 per cent year-on-year to EGP32.1 million ($4.21 million), from EGP45.1 million the same period last year, the company said on Sunday. The company reported t

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Bloominvest Saudi profit surges 16pc to $9.5m

Bloominvest Saudi Arabia, a leading investment company, has recorded a SR36 million ($9.59 million) net profit in fiscal year that ending 2014, marking an increase of 16% compared to the same period in 2013. Abdullah Al Rashoud, C

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Liquidity Management Centre profits up 18pc

Liquidity Management Centre (LMC) has announced an 18 per cent increase in the net profit at $4.22 million for last year when compared with $3.57 million for 2013. This resulted in a return on capital equivalent to approximately e

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NFH profit increases 20pc to $2.6m

National Finance House (NFH), a Bahraini incorporated finance provider, has reported 20 per cent increase in net profit at BD1.01 million ($2.67 million) for last year as against BD841,200 in 2013. The company's total operatin

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ABC Islamic Bank profit up 23pc to 15m

ABC Islamic Bank has posted a net profit of $15.1 million last year, a 23 per cent increase as compared to $12.2 million recorded in 2013. The net profit for the fourth quarter was $3.6 million, 19 per cent higher than the same pe

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BNH net profit surges 27pc to $10m

Bahrain National Holding Company (BNH) has reported a 27 per cent increase in consolidated net profit at BD3.8 million ($10.08 million) for last year when compared with BD3 million in 2013. BNH chairman Farouk Almoayyed said the g

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Demographic dividend 'to drive growth in Bahrain'

Bahrain's demographic profile and economic diversification push would help it tide over the oil price cycle, the Economic Development Board's (EDB) chief economist Dr Jarmo Kotilaine has said. The GCC has some of the stron

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Taqa Morocco doubles full-year profit

Moroccan power company Taqa Morocco, owned by Abu Dhabi National Energy Co, reported a net profit attributable to shareholders of  799 million Moroccan dirham ($83.6 million) in 2014, an increase of 102 per cent compared to the previous yea

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