Thursday 24 April 2014
 
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DFM net profit soars 696pc in Q1

Dubai Financial Market (DFM) has recorded a net profit of Dh215.1 million ($58.5 million) for the first quarter of the year, a 696 per cent leap compared to Dh27 million during the corresponding period of 2013. The company’s

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DFM net profit soars 696pc in Q1

Dubai Financial Market (DFM) has recorded a net profit of Dh215.1 million ($58.5 million) for the first quarter of the year, a 696 per cent leap compared to Dh27 million during the corresponding period of 2013. The company’s

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al khaliji Q1 profit down 17pc at $30m

al khaliji (KCBK)has reported net profit of QR109 million ($29.9 million) for the first quarter of the year, compared to QR131.5 million for the same period in 2013, marking a fall of 17.1 per cent. Loans and advances grew by 11 p

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Emaar Q1 profit up 55pc; hits $235m

Emaar Properties, recorded a net profit of Dh863 million ($235 million) during the first quarter (Q1) of 2014, marking a 55 per cent increase over the Q1 2013 net profit of Dh556 million. It is also 14 per cent higher than the fou

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Kuwaiti Zain's profit up 8pc on gains in Iraq

Zain, Kuwait's top telecoms operator by subscribers, reported an 8 percent rise in first-quarter profit on Monday, beating analysts' estimates as earnings from Iraq and its domestic business rose and Sudan's currency stabilised.

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ADIB Q1 net profit up 20pc on higher lending

Abu Dhabi Islamic Bank , the largest sharia-compliant lender in the emirate, met analysts' expectations as it posted a 20.4 percent rise in first-quarter net profit on Monday, with higher lending cited for the increase. The le

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Savola profits jump 43pc in Q1

Saudi Arabia's Savola Group posted a 43 percent rise in first-quarter profit on Sunday, beating analysts' estimates as the food producer expanded its market share in the retail sector, revenue rose and financial charges fell.

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Insurance House profit up 29pc in Q1

Insurance House (IH) has registered a total comprehensive profit of Dh4.49 million ($1.22 million) during the first quarter of the year, nearly 29 per cent higher than the total comprehensive profit of Dh3.48 million recorded during the same per

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Bank Muscat Q1 net profit jumps 59pc

Bank Muscat, Oman's largest lender, missed analysts' expectations despite posting on Wednesday a 59.1 percent jump in its first-quarter net profit, as it didn't repeat a one-off fraud provision that it was forced to make last year.

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Egypt's TMG to distribute first cash dividend

Egyptian property developer Talaat Moustafa Group (TMG) will distribute a cash dividend of around 0.145 Egyptian pound ($0.02) after profits grew in 2013, the company said on Tuesday.   The payment, TMG's fir

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