Monday 26 January 2015
 
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profit

ADIB eyes capital boost after Q4 profit growth

Abu Dhabi Islamic Bank said on Sunday it planned to boost its capital base to help support future growth, after setting aside less cash for bad loans helped it post a 19.3 per cent rise in fourth-quarter net profit. Banks in the U

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GE industrial profit surges on turbines sales

General Electric (GE) has reported a nine per cent rise in quarterly industrial profit as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit. Investors have been con

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Tabreed net profit increases 20pc to $88m

National Central Cooling Company (Tabreed), a leading Abu Dhabi-based district cooling utility company, has posted  an profit increase of 20 per cent to Dh325.7 million ($88.6 million). In addition to connecting over 118,000

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NBB registers record profit of $142m, up 4pc

National Bank of Bahrain (NBB) has reported a four per cent rise in net profit to BD53.44 million ($142.12 million) for last year, compared with BD51.36 million in 2013. The profit figure is the highest ever achieved by the bank,

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Cluttons' profit up 36 per cent to $16m

Cluttons, an international real estate services company, has posted a 36 per cent year-on-year increase in profits before tax for the year ended March 31, 2014, to £10.9 million ($16.4 million). The company said its turnover

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Doha Bank Q4 profit up 6.1pc, misses forecasts

Doha Bank, Qatar's fifth-largest lender by assets, reported a 6.1 per cent increase in fourth-quarter net profit on Tuesday, according to Reuters calculations, missing analyst expectations. The lender made a net profit of QR25

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Saudi Maaden swings to Q4 profit

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, posted a fourth-quarter net profit but fell short of analysts' forecasts. Net profit for the three months to December 31 was SR376 million ($100.1 milli

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Qatar Islamic Bank Q4 profit up 30pc

Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, reported a 30.4 per cent jump in fourth-quarter net profit on Sunday, according to Reuters calculations, beating analyst forecasts. QIB made

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Almarai meets forecasts with 14pc profit rise

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 14.7 per cent increase in fourth-quarter net profit on Sunday, in line with analyst forecasts, as sales during the quarter accelerated. Almarai made a pr

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Arab National Bank posts $767m net profit for 2014

Arab National Bank (ANB) has reported a net profit of $767million for last year compared to $673 million in the previous year, according to a report. The total operating income reached $1.4billion compared to $1.3billion for the s

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