Monday 23 April 2018
 
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Dubai Islamic Q1 profit surges 16pc to $330m

Dubai Islamic Bank, the first Islamic bank in the world, has posted a net profit of Dh1.211 billion ($330 million) for the first quarter of 2018, up 16 per cent compared with Dh1.042 billion for the same period last year. Total in

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Plummeting rate hits MEA hotel profits

The positive start to the year for hotels in the Middle East & Africa was short lived as profit per room fell by 7.8 per cent in February, led by a significant year-on-year decline in achieved average room rate, according to the latest world

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Bahrain Cinema Company posts $92m profit

Bahrain Cinema Company, market leaders in the entertainment industry in the kingdom, also known as Cineco, has reported a record net profit of BD34.7 million ($91.7 million) for the financial year ended December 31, 2017 compared to BD4.87 milli

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Bahrain Cinema Company posts $92m profit

Bahrain Cinema Company, market leaders in the entertainment industry in the kingdom, also known as Cineco, has reported a record net profit of BD34.7 million ($91.7 million) for the financial year ended December 31, 2017 compared to BD4.87 milli

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Bahrain Cinema Company posts $92m profit

Bahrain Cinema Company, market leaders in the entertainment industry in the kingdom, also known as Cineco, has reported a record net profit of BD34.7 million ($91.7 million) for the financial year ended December 31, 2017 compared to BD4.87 milli

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Arabian Cement's 2017 gross profit down 37pc

Saudi-based Arabian Cement Company, one of the largest cement producers in the GCC, said its gross profit fell to SR349.5 million ($93 million) in 2017 from SR551.6 million ($147 million) the previous year. The plunge in these fig

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Arabian Cement's 2017 gross profit down 37pc

Saudi-based Arabian Cement Company, one of the largest cement producers in the GCC, said its gross profit fell to SR349.5 million ($93 million) in 2017 from SR551.6 million ($147 million) the previous year. The plunge in these fig

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Flydubai revenues hit $1.49bn in 2017

Flydubai's total revenue for the year 2017 hit Dh5.5 billion ($1.49 billion), jumping 9.2 per cent compared to the same period in 2015, with profits reaching Dh37.3 million ($10.1 million). The airline also recorded a 5.5 per

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Interest growth boosts UAE banks profits: Moody’s

Strong growth in net interest, as well as fee and commission income, helped the four largest banks in the UAE report higher net profit in the fourth quarter despite higher provisioning and operating costs, said Moody’s in a

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RAK Properties 2017 net profit surges 10pc

Leading property development firm RAK Properties said its net profit for the full fiscal year of 2017  surged 10 per cent to Dh192 million ($52.2 million) compared to Dh175 million the previous year. Announcing its financial

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