Monday 8 February 2016
 
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profit

Mashreq posts $653m net profit in 2015

Mashreq, one of the leading financial institutions in the UAE, said it has maintained a steady performance in 2015 amid difficult market conditions with a solid net profit of Dh2.4 billion ($653 million) over the previous year. An

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Industries Qatar product price drop hits earnings

Petrochemicals, metals and fertiliser producer Industries Qatar (IQ) blamed lower product prices for an extended earnings slump on Thursday.   Although IQ's sales volumes hit an all-time high, the state-run f

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Qurain Petrochemical Industries posts $37m net profit

Qurain Petrochemical Industries Company (QPIC) has registered a net profit of KD11.25 million ($37.2 million) for the nine months ended December 31.   This will represent an increase of 314 per cent or KD9.24 mil

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Qurain Petrochemical Industries posts $37m net profit

Qurain Petrochemical Industries Company (QPIC) has registered a net profit of KD11.25 million ($37.2 million) for the nine months ended December 31.   This will represent an increase of 314 per cent or KD9.24 mil

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GM posts record profit in fourth quarter, 2015

General Motors Co reported record quarterly and annual profits on Wednesday and promised 2016 will be even better, but unimpressed investors dumped the automaker's shares. The disconnect highlights the challenges facing GM, Fo

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GM posts record profit in fourth quarter, 2015

General Motors Co reported record quarterly and annual profits on Wednesday and promised 2016 will be even better, but unimpressed investors dumped the automaker's shares. The disconnect highlights the challenges facing GM, Fo

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Nakheel profit up 19pc; hits $1.19 billion

Dubai-based Nakheel, one of the world’s leading developers, today reported a net profit of Dh4.38 billion ($1.19 billion) for the financial year ending December 31, 2015, representing a 19 per cent increase on last year’s net profit

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Dubai Investments posts $299m profit

Dubai Investments (DI), a leading, diversified investment company, has reported a strong full-year 2015 net profit of Dh1.1 billion (299.49 million) attributable to shareholders of the company. The preliminary, unaudited results s

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Dubai Investments posts $299m profit

Dubai Investments (DI), a leading, diversified investment company, has reported a strong full-year 2015 net profit of Dh1.1 billion (299.49 million) attributable to shareholders of the company. The preliminary, unaudited results s

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Al Baraka Egypt profit surges 18pc

Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Group (ABG), has reported an 18 per cent rise in net profit for last year at $35 million. A statement said total assets increased by 30 per cent, financing and investments portfolio

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