Sunday 30 April 2017
 
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Dow Q1 profit jumps five-fold ahead of merger

Speciality chemicals leader Dow Chemical, which is merging with DuPont, has reported profits of $888 million for the first quarter (Q1) of the year, as against $169 million during Q1 2016, marking an increase of 425 per cent. Sale

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Nakheel records $403m net profit in Q1

Nakheel, one of the world’s leading developers, has announced a net profit of Dh1.48 billion ($403 million) for the first quarter of 2017. The Dubai company said the three-month profit was in line with its forecasts.

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Al khaliji bank posts 3pc increase in Q1 net profit

Qatar-based Al Khalij Commercial Bank (al khaliji) has reported a net profit of QR160.9 million ($44.19 million) for the first quarter of 2017, an increase of 3 per cent over for the same period last year. Sheikh Hamad Bin Faisal

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Emirates Islamic Q1 profit surges to $60m

Emirates Islamic, a leading Islamic financial institution in the UAE, has reported a five-fold growth in its net profit which soared to Dh221 million ($60.16 million) for the first quarter from Dh45 million ($12.25 million) for the same period i

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SABB Q1 net profit down 9.3pc

The Saudi British Bank (SABB) has recorded a net profit of SR1.04 billion ($277 million) for the first quarter of 2017, down 9.3 per cent compared to SR1.14 billion ($303 million) for the same period last year but an increase of SR429 million or

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Dubai Islamic Bank Q1 profits up 4pc to $283m

Dubai Islamic Bank (DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today reported a group net profit of Dh1.042 billion ($283.68 million) for the first quarter of this year, up 4 per cent compa

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EFG Hermes posts 8-fold jump in net profit

EFG Hermes, a leading financial services corporation in the Middle East and North Africa (Mena), reported today an almost eight-fold increase in net profits to EGP1.6 billion ($87.91 million) for 2016. EFG Hermes posted revenues o

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DP World net income tops $1 billion

Dubai-based global marine terminal operator DP World has announced strong financial results from its global portfolio for the 12 months ending 31 December 2016, which saw the company achieve net income of over $1 billion for the first time.

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Dubai Silicon Oasis posts 28pc jump in net profit

Dubai Silicon Oasis Authority (DSOA), a key innovation hub for hi-tech industries in the region, said its net profit for 2016 surged to Dh234.7 million ($64 million), up 27.7 per cent over the previous year, according to a report.

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Reem Investments 2016 net profit up 2pc

Reem Investments, one of the leading investment companies in Abu Dhabi, UAE, has registered a net profit of Dh216 million ($59 million) for 2016, up two per cent over the previous year. Impressed with the results, the company'

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