Monday 20 November 2017
 
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2017

EFG Hermes Q3 profit surges 476pc to top $13m

EFG Hermes, a leading financial services corporation in Mena, posted a net profit of EGP237 million ($13.4 million) after tax and minority interest for the third quarter (Q3) of the year, marking an increase of 476 per cent. The G

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Alba among key participants at Arabal 2017

Aluminium Bahrain (Alba) is a key participant in the ongoing 21st International Arab Aluminium Conference & Exhibition, Arabal 2017, being held in Muscat, Oman. The four-day event, which is being hosted by Sohar Aluminium, wil

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Audi to showcase autonomous driving strategy at IAA 2017

Audi will showcase its progress in autonomous driving strategy, through the new Audi A8 which incorporates conditional automated driving at level 3 as standard, at the International Motor Show (IAA) 2017, to be held later this week, in Frankfurt

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UAE air freight market set to grow 4.8pc over 2017-2021

The UAE's air freight market is expected to expand by a compounded annual growth rate (CAGR) of 4.8 per cent over the 2017-2021 period, according to a recent analysis by the Dubai Chamber of Commerce and Industry.   Expans

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UAE listed insurance firms post $208m profit in H1

Net profits of 28 insurance companies listed at Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) surged 34.2 per cent during the first half (H1) of the year to Dh764 million ($208 million) against Dh569 million during H1 2016

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UAE Central Bank deposits top $33 billion in H1

The total value of monetary deposits at the UAE Central Bank amounted to Dh123 billion ($33.5 billion) during the first half (H1) of the year, Dh122.95 billion of which are in banknotes and Dh50 million in coins, a report said. On

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Top maritime companies to attend Maracad 2017

Majority of the region’s leading maritime companies and organisations will discuss the latest developments in the maritime industry at the 3rd Maritime Conference & Expo (Maracad 2017), to be held later this year, in Dubai, UAE.

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Letstango.com expects sales to more than triple in 2017

Letstango.com, a UAE-based online marketplace, has announced that its estimated total sales is expected to grow by more than three to five times this year as compared to the growth it posted in 2016. The company’s upbeat att

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Dubai Investments posts $130m net profit for H1

Dubai Investments, a leading, diversified investment company, has reported net profit of Dh480million($130.6 million) for the first six months (H1) of the year, compared to Dh 516million in the same period last year, marking a decline of 6.9 per

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Sharjah airport logs 5.5m passengers in H1

A total of 5.5 million passengers passed through Sharjah International Airport (SIA) during the first half of 2017, marking an increase of 2.9 per cent as compared to the 5.3 million passengers recorded during the first half of 2016.

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