Sunday 18 February 2018
 
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2017 profit

Bank ABC 2017 net profit up 6pc to $193m

Bahrain-based Bank ABC (Arab Banking Corporation) has posted consolidated net profit of $193 million for the year 2017 as against S$193 million profit reported for the previous year, marking an increase of 6 per cent. Net profit f

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UNB posts net profit of $451m for 2017

Union National Bank (UNB), a leading bank in the UAE, has recorded a net profit of Dh1,657 million ($451 million) for the year 2017, up by five per cent compared to the previous year, a media report said. The net profit for the fo

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NBF 2017 profit surges 5.5pc to $249m

The National Bank of Fujairah (NBF) has reported an increased operating profit for 2017 of Dh913.6 million ($249 million), up by 5.5 per cent from the 2016 figure of Dh866 million, a media report said. The bank’s strong oper

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CBI 2017 net profit surges 40pc to $47.6m

Dubai-based Commercial Bank International (CBI) has posted a net profit of Dh175 million ($47.6 million) for 2017 as compared to Dh125 million in the previous year, marking an increase of 40 per cent. This was due to a 7 per cent

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Samsung 2017 profit nearly doubles to $50bn

South Korea-based Samsung Electronics has posted an operating profit of KRW53.65 trillion ($50 billion) for 2017, as compared to figures of KRW29.2 trillion in the previous year, marking an increase of 93 per cent. The company rec

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Arab Bank Group posts 2017 net at $533m

Arab Bank Group has posted net income after tax at $533 million during 2017 as compared to $532.7 million in the previous year. Net operating income stood at 8 per cent as compared to prior year, while loans and advances grew by 6

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Dubai Islamic 2017 net up 11pc to $1.22bn

Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE, has posted net profits of Dh4.504 billion ($1.22 billion) in 2017, up 11 per cent compared to Dh4.050 billion ($1.22 billion) for 2016.

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Amanat nine-month profit jumps 8.5pc

Amanat Holdings, a leading healthcare and education investment company, has recorded a net profit of Dh39.9 million ($10.8 million) for the first nine months of the year, an 8.5 per cent increase compared to the same period in 2016.

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Batelco Group H1 net profit tops $50m

Bahrain-based Batelco Group, a global telecom company with operations across 14 countries, has posted a net profit of BD19 million ($50.4 million) for the first half (H1) of the year. The net profit was a 16 per cent decline compared to

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Agthia Q1 revenue up 7pc, hits $542m

Agthia Group, a top food and beverage group in the UAE, has reported net profit of Dh52 million ($14.1 million) for the first quarter (Q1) of 2017, while net revenue grew 7 per cent from Q1 2016 to reach Dh521 million ($142 million).

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