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
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
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.
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
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
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
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
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.
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
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