Saturday 22 July 2017
 
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NBB H1 net profit stays steady

National Bank of Bahrain (NBB) has recorded a net profit of BD31.74 million ($84.41 million) for the six months ended June 30, compared to BD31.72 million ($84.36 million) for the corresponding period of 2016. During the first hal

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CBI posts $14.16m profit in first half

The UAE-based Commercial Bank International (CBI) has announced a net profit of Dh52 million ($14.16 million) for the first half of 2017, a 24 per cent decline compared to the first half of 2016. The profit fall was due to higher

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Bank Muscat posts $219m H1 profit

Bank Muscat reported a net profit of RO84.31 million ($218.96 million) for the six months ended June 30, 2017, a decline of 6.8 per cent compared to RO90.47 million ($234.96 million) in the first half of 2016.     The net

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Al Khaliji H1 net profit stays steady

Al Khalij Commercial Bank (al khaliji) reported a net profit of QR319.8 million ($87.02 million) for the first six months of this year, compared to QR320 million for the same period in 2016. This was driven by growth of 3.4 per ce

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National Bank of Fujairah Q2 net profit up 24.4pc

National Bank of Fujairah (NBF) posted a net profit of Dh154.9 million ($42.17 million) in the second quarter of 2017, a rise of 24.4 per cent over the corresponding quarter of 2016. The result reflects an improvement in the impai

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QNB Group H1 profits up 7pc to $1.8bn

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, posted a net profit of QR6.7 billion ($1.8 billion) for the six months ended June 30, up by 7 per cent compared to the same period last year.

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Freight demand remains robust, profit margins move upward

Industry-wide freight tonne kilometres (FTK) growth has continued its strong start to 2017, with volumes up 10.6 per cent year-on-year in the three months ended April. Once again, European and Asian carriers accounted for more tha

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Freight demand remains robust, profit margins move upward

Industry-wide freight tonne kilometres (FTK) growth has continued its strong start to 2017, with volumes up 10.6 per cent year-on-year in the three months ended April. Once again, European and Asian carriers accounted for more tha

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ME carrier profits to drop 63.6pc in 2017

Middle East airlines are expected to post a $400 million profit this year (down 63.6 per cent from $1.1 billion in 2016) which is equal to $1.78/passenger. According to an industry profitability outlook released by Iata, Passenger

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China industrial firms' profits hit $83bn in April

China’s major industrial firms posted profits of 572.78 billion yuan ($83.5 billion) in April, a 14 percent increase over the same period last year, according to the National Bureau of Statistics (NBS). NBS revealed that ind

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