Friday 19 December 2014
 
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Second quarter

EFG Hermes swings to $26m Q2 profit

EFG Hermes, one of the largest investment banks in the Middle East, posted a net profit of 188 million Egyptian pounds ($26.3 million) in the second quarter of 2014 after a net loss of 80 million pounds in same quarter last year.

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EFG Hermes swings to $4.2m loss in Q2

Egypt-based EFG Hermes, leading investment bank in the Arab world, suffered a net loss of EGP29 million ($4.2 million) in the second quarter compared to EGP71.2 million net profit a year earlier, it said on Sunday. The firm report

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Arabtec swings to Q2 profit of $25 million

Dubai's largest contractor Arabtec swung to a profit in the second-quarter of Dh92.4 million ($25.16 million), compared with a loss of Dh11.6 million in the corresponding period in 2012, it said in a bourse statement on Thursday.

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Deyaar Q2 net profit rises 47pc

Dubai property developer Deyaar on Sunday reported a 47 percent rise in second-quarter net profit as it gained from lower costs and fair-value adjustments of prices for its investment properties. Deyaar, one of the companies worst

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Ooredoo Q2 net profit soars 44pc to $253m

Qatar telecoms group Ooredoo reported a 44 percent jump in second-quarter net profit on Tuesday, beating analysts' estimates. The former monopoly, which operates in about 16 countries across the Middle East, Africa and Asia, m

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Emaar nets $184 million in Q2, up 10pc

Dubai-based Emaar Properties has posted a net profit of Dh675 million ($184 million) for the second quarter of 2013 as against Dh614 million net profit for the corresponding period of 2012, marking an increase of 10 per cent. The

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Kuwait Zain Q2 net profit falls 14pc

Kuwaiti telecom operator Zain reported a 14 percent fall in its second-quarter net profit on Sunday to 61 million dinars ($214 million), mainly because of a currency loss in Sudan, according to Reuters calculations based on its first-half earnin

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Alba’s net income drops 42 per cent in Q2

Aluminium Bahrain (Alba) has posted a net income BD20.7 million ($55 million) for the second quarter of the year, a drop of 42 per cent from BD35.6 million of Q2 2012, driven by unrealised derivative gains as well as lower metal prices.

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Mashreq Q2 profit up 25pc driven by fee income

Mashreq, Dubai's third-biggest lender by assets, posted a 25.7 percent rise in second-quarter net profit on the back of higher fee income, the latest bank in the United Arab Emirates to report strong quarterly numbers. The ban

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Mobily proposes Q2 dividend of $0.32 per share

Etihad Etisalat (Mobily), a leading telecom operator in Saudi Arabia, is proposing a dividend for the second quarter of 2013 of 1.2 riyals ($0.32) per share, a bourse filing said on Wednesday, a 20 percent increase on last year. T

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