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Dubai eyes $82bn tourism income by 2020Dubai aims to treble its annual income from tourism to 300 billion dirhams ($82 billion) by 2020, which would involve doubling the number of its hotel rooms, a senior official said. Tourism is crucial to Dubai's economy, which More… |
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Kingdom Holding Q1 income tops $29mRiyadh-based Kingdom Holding Company (KHC) has posted a net income of SR110.1 million ($29.3 million) for the first quarter of the year, marking an increase of more than 9.2 per cent over last year’s first quarter results. P More… |
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Kuwait 10-month budget surplus at $60.5 billionKuwait had a budget surplus of 17.2 billion dinars ($60.5 billion) in the first ten months of its fiscal year, preliminary budget data showed on Wednesday, thanks to robust oil income and lower-than-expected public spending. The g More… |
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UAB declares 25pc ividend for 2012Sharjah-based United Arab Bank (UAB) has declared a cash dividend of Dh249.1 million ($67.8 million) at the rate of 25 per cent out of the record annual net profit of Dh410 million, after its annual general meeting held yesterday. More… |
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Capinnova Bank’s 2012 profit edges downBahrain-based Capinnova Investment Bank, the Sharia-compliant investment banking arm of BBK, reported a net profit of $1.4 million for last year as compared to a net profit of $2.5 million during the same period in 2011. The gross More… |
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Bahrain National Holding posts $6m gainsBahrain National Holding Company (BNH) yesterday announced a consolidated net profit of BD2.33 million ($6.2 million) for 2012, compared with BD3.31 million ($8.77 million) for 2011. The decrease in net profits is primarily due to More… |
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Seef Properties 2012 income surges 21pcBahrain-based Seef Properties has reported a jump in its annual operating income to BD11.9 million from BD9.8 million in 2011, an increase of BD2.1 million representing 21.4 per cent rise. The company's assets also grew from B More… |
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Seera posts $12m income for 2012Bahrain-based Seera Investment Bank has posted a total income of more than $12 million for last year, with a net profit of approximately $7 million, said a report. This compares with a net profit of approximately $61 million for 2 More… |
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Kia income plunges by 51pcKia Motors said yesterday its fourth-quarter operating profit was halved as the won's rise erased overseas earnings and production was disrupted by a strike. South Korea's second-largest carmaker said its October-December More… |
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Red Sea Housing Q4 profit triples to $8.75mRed Sea Housing Services, a leader in modular housing solutions, has posted a net income of SR32.87 million ($8.75 million) for the fourth quarter of 2012, against SR10.89 million in Q4 2011, making an increase of 201 per cent. Ac More… |
