Thursday 30 October 2014
 
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2013

UAE awarded $44bn contracts in 2013

Contracts worth $44 billion were awarded last year (2013) in the United Arab Emirates (UAE), an increase of 37 per cent over the previous year, said a report.   The construction and real estate sector accounted f

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UAE awarded $44bn contracts in 2013

Contracts worth $44 billion were awarded last year (2013) in the United Arab Emirates (UAE), an increase of 37 per cent over the previous year, said a report.   The construction and real estate sector accounted f

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Air Seychelles posts $3m net profit

Air Seychelles, the national carrier of Seychelles, has posted a net profit of $3 million for last year, up 171 per cent compared to its $1.1 million in 2012.   The airline’s revenue increased by 107 per ce

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IGIH posts 24pc rise in profit

International General Insurance Holdings (IGIH) has reported a $31.26 million net profit for last year, up 24 per cent compared to $25.25 million in 2012.   The company’s board has proposed $0.05 a share di

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Ford ME posts 12pc rise in 2013 sales

Ford Middle East witnessed a sterling performance in 2013 with total sales rising 12 per cent year-on-year and breaking the 85,000 unit milestone. In Bahrain, sales grew by 23 per cent in 2013, with Almoayyed Motors, the local imp

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Telcos claim 55pc of profit growth in Saudi

The telecom sector of Saudi Arabia claimed 55 per cent of the overall profit growth of the listed companies, a report said. The sector posted profits of SR14.8 billion ($3.95 billion) in 2013 as against SR11.3 billion in 2012, mar

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Abu Dhabi air passengers surge to record 16.5m

Abu Dhabi International Airport registered a new high in annual passenger figures of 16.5 million passing through the airport’s three terminals in 2013, reflecting a 12.4 per cent rise over the figures for the previous year.

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Al khaliji posts 8pc profit growth

Qatar-based Al Khalij Commercial Bank (al khaliji) has reported an eight per cent growth in net profits to reach QR551 million ($151.2 million) in 2013. This includes the financial results of Al Khaliji France with QR68 million, u

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Bawadi Mall sees 9.5m visitors in 2013

Bawadi Mall, the largest shopping and leisure destination in Al Ain city, attracted 9.44 million visitors in 2013, recording an increase of 6.3 per cent over 2012 figure of 8.88 million visitors. The highest footfall of 932,762 vi

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SABB profit surges 16.5pc to top $1bn

The Saudi British Bank (SABB) recorded a net profit of SR3.77 billion ($1.006 billion) in 2013, as against a profit of SR3.24 million in the previous year, marking an increase of 16.5 per cent. SABB recorded a net profit of SR976

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