Saturday 30 May 2015
 
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profits

Marka expects to turn profitable next year

Dubai's Marka, a retail and restaurant start-up that listed on the emirate's bourse last year, expects to turn profitable in 2016, a company official said on Tuesday, pushing back the timeline given earlier. In January, Ma

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Trust Re Q1 net profit up 10pc to hit $8.7m

Trust Re, a reinsurance company based in Bahrain, reported profits of $ 8.7 million during the first quarter (Q1) of the year, up 10.1 per cent year-on-year from $ 7.9 million achieved in Q1 2014. Gross Written Premium reached $20

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Taqa Q1 profit falls 6.6pc on low oil prices

Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, said that first-quarter (Q1) net profit dropped 6.6 per cent from a year earlier to Dh256 million ($69.8 million) because of low oil prices. &nb

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Boeing flies high with $1.3bn Q1 net income

The Boeing Company, a leading aircraft manufacturer, has reported a 38 per cent jump in its net income for the first quarter which soared to $1.3 billion from $965 million last year. The aviation giant also reported an eight per cent in

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DAE net income up 43pc

Dubai Aerospace Enterprise (DAE), the largest aircraft leasing firm in the Middle East, reported a net income of Dh586 million ($159.5 million) for 2014, up 43 per cent from the same period the previous year. Revenue for 2014 increased

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Qatar Islamic Bank Q1 net profit rises 19 pc

Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, reported a 19 per cent jump in first-quarter net profit, broadly in line with analysts' forecasts. The bank was one of three Islamic lenders i

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Telecom Egypt 2014 net profit drops 31.4pc

Fixed-line monopoly Telecom Egypt on Tuesday reported a 31.4 per cent slump in profits for 2014, citing several one-off and operational costs related to license fee payments and tax liabilities. It said net profit for the year fel

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Air Arabia declares 9pc dividend for 2014

UAE-based Air Arabia, the largest low-cost carrier operating in the Mena region, announced that a nine per cent cash dividend for the year 2014 has been approved at its Annual General Meeting (AGM) today (March 10) in Sharjah. Dur

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Flydubai posts 12.3pc increase in net profit

Flydubai, a Dubai-based low cost carrier, has reported a 12.3 per cent increase in net profit for 2014, compared to 2013. The budget carrier posted net profit earnings of Dh250 million ($68 million) with total revenue growing by 19.1 pe

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Etisalat hails landmark year as profits hit $2.4bn

UAE-based Etisalat, a leading telecom group, has reported Dh8.9 billion ($2.4 billion) in profit for 2014 driven by strong performance of domestic operations, marking a 26 per cent rise over the previous year. Full year consolidat

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