Deyaar, a leading Dubai-based developer, has achieved a consolidated net profit of Dh281.9 million ($76.7 million) for 2014, up 82 per cent from Dh154.5 million ($42 million) achieved the year before.
The company also finished the
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
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
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
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,
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
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
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
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.
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