Sunday 29 March 2015
 
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profit

Jordan Islamic Bank posts net profit of $63.6m

Jordan Islamic Bank, a subsidiary of Bahrain-based Al Baraka Banking Corp, reported 2014 net profit of BD45.1 million ($63.6 million), the same level as the year-ago period. Its assets had risen to BD3.86 billion by the end of Dec

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Adnic swings to $76m loss in 2014

Abu Dhabi National Insurance Company (Adnic) has reported a net loss of Dh280 million ($76.2 million) for the year 2014 as compared to net profit of Dh156 million ($42.4 million) during the previous year. Net Investment Income inc

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Kipco aims to double profits by 2018

Kuwait Projects Company (Kipco) wants to double its net profit by 2018, according to a statement on Wednesday which also indicated the end of plans to sell or list its pay-television business OSN. The Gulf state's largest list

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Gulf General Investment posts $31m profit

Gulf General Investment Co (GGICO), a conglomerate with widely diversified activities in manufacturing, industrial, financing, insurance, retail, gourmet services, trading, transport, hospitality, real estate development and investment in shares

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EFG Hermes posts $70m profit on bank expansion

Egypt's EFG Hermes turned a profit after tax and minority interests of EGP538 million ($70.51 million) last year after a net loss of EGP540 million the year before, helped by strong growth in its regional investment banking operations, the b

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DP World posts 11pc revenue increase

DP World, a leading port operator, has posted 11.3 per cent rise in revenues last year to reach $3.4 billion, according to a statement from the company. The firm made a profit attributable to shareholders of $675 million compared

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Savola cuts first-quarter profit forecast by half

Savola Group, Saudi Arabia's largest food products company, slashed its first-quarter net profit forecast by about half and blamed weak retail sales and currency losses. Savola, one of the few Gulf companies to publicly disclo

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Air Seychelles posts $3.2m net profit

Air Seychelles has posted its third consecutive year of profit with net profit amounting to $3.2 million last year, exceeding the previous year profit of $3 million. The results reflected continued improvement in the airline&rsquo

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Barwa Q4 net profit doubles to $585m

Barwa Real Estate, Qatar's largest listed developer, has reported a more than doubling of its fourth-quarter net profit, as well as an improved dividend payout for the full year. The company, a unit of the sovereign wealth fun

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Sodic swings to $20m profit in 2014

Sodic, the third-largest listed property developer in Egypt, said it made a net profit of E£154.3 million ($20.2 million) in 2014 after a loss of E£477.1 million ($62.3 million) the previous year. Sodic, also known as

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