Wednesday 29 July 2015
 
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Dubai Islamic Bank Q2 net profit jumps 35pc

Dubai Islamic Bank (DIB), one of the United Arab Emirates' largest sharia-compliant lenders, posted a 35 per cent rise in second-quarter net profit on Wednesday as loan impairments shrank. Beating analysts' forecasts, the

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Jazeera reports 27pc jump in H1 net profit

Kuwait-based Jazeera Airways Group has registered a net profit of KD6.2 million ($20.4 million) for the first half of the year, up 27.1 per cent compared to the same period last year. Its operating revenue stood at KD26.6 million

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Milaha reports 26pc rise in H1 profit

Qatar Navigation (Milaha) posted a 25.7 per cent rise in first-half net profit, it said on Tuesday. The shipper's net profit was QR651 million ($178.8 million) for the first six months of 2015, compared with QR518 million in t

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PetroRabigh bucks trend; profit nearly triples

Saudi Arabia's PetroRabigh on Monday said its second-quarter net profit nearly tripled as margins on some of its products improved. The firm, a joint venture between Saudi Aramco and Japan's Sumitomo Chemical and formally

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PetroRabigh bucks trend; profit nearly triples

Saudi Arabia's PetroRabigh on Monday said its second-quarter net profit nearly tripled as margins on some of its products improved. The firm, a joint venture between Saudi Aramco and Japan's Sumitomo Chemical and formally

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FGB Q2 profit boosted by lending rise

First Gulf Bank (FGB), the third largest lender by assets in the UAE, posted an 8 per cent rise in second-quarter net profit on Sunday, with performance bolstered by growth in new lending and a drop in bad loans. The results conti

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GIB H1 posts $47m profit

Gulf International Bank (GIB) reported a consolidated net income after tax of $47.3 million for the six months ended June 30, 2015, compared to $50.2 million in the prior year period. Prior year income included an exceptional, one

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Tabreed's net profit rises 3pc to $41m

National Central Cooling Company (Tabreed), a leading UAE-based district cooling utility infrastructure company, has posted a net profit of Dh153.4 million ($41.7 million) for the first half of the year, a three per cent increase compared to the

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Bank Audi’s net profit rises 7pc to $202m

Lebanon's Bank Audi said first-half net profit rose seven per cent to $202 million compared with the same period last year, mostly due to higher revenue and it recorded healthy growth in its Egypt and Turkey operations. The ba

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Emaar Malls H1 net profit surges 37pc

Emaar Malls, the shopping malls and retail business majority-owned by global property developer Emaar Properties, has recorded a 37 per cent growth in net profit during the first half which soared to Dh845 million ($230 million) compared to the

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