Friday 31 October 2014
 
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turnover

Falcon posts record turnover of $2.3bn

Leading alternative financier Falcon Group has recorded a turnover of $2.3 billion, surpassing its target of $2 billion for the financial year 2013-14. Its profits also increased to $52 million, up from $44 million in the previous

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Employee turnover ‘increasing in Saudi’

Nearly 33 per cent of Saudi nationals are likely to leave their employer in the next three years, a report said, highlighting key criteria in attracting and retaining employees. A survey conducted by global HR consulting firm Merc

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Nakheel targets 15pc rise in annual profit

Dubai property developer Nakheel is a targeting a 15 percent increase in annual profit in 2014 as it launches new projects and expands its leasing income, the firm's chairman said on Wednesday. Government-run Nakheel agreed a

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Gulf Dynamic Services targets 30pc growth

Sharjah-based Gulf Dynamic Services (GDS), a leader in turnkey interior fit-out solutions, is targeting 30 per cent year-on-year growth in turnover during 2014, said its general manager. The company, a subsidiary of Masharie, the

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Saudi 'Top 100' turnover surges 40pc

The turnover of the "Top 100" Saudi Arabian companies rose by 40 per cent to SR676 billion ($180.2 billion) this year from SR484 billion in 2009, said a report. Their total assets too increased by 35 per cent to SR3.1 tr

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BFX completes six months of record trading

The Bahrain Financial Exchange (BFX), the first multi-asset international financial exchange in the Mena region, has successfully completed six months of trading on the BFX Futures markets. Announcing this on Tuesday, the exchange sai

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BFX trading turnover tops $508m

Bahrain Financial Exchange (BFX) had a trading turnover of $507.81 million during the period between November 23 when it opened and end of March in its future contracts with its total volume traded reaching 12,896. During this pe

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Saudi bourse hits five-year peak

Turnover on Saudi Arabia's bourse hit a five-year peak on Sunday as money poured in with stocks hitting a new three-and-a-half year high. The benchmark of the Saudi bourse, the largest in the Arab world, climbed 0.2 per cent to its hig

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Sabic Q1 turnover plunges by over 50pc

The turnover of Saudi Basic Industries Corporation (Sabic) fell by more than half in the first quarter, while sales costs fell by 38.2 per cent, according to detailed financial statements. The statements, published over the weekend, showed

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Arabtec sets up Saudi unit

Dubai's Arabtec Holding said on Saturday it has set up a Saudi arm called Arabtec Saudi Arabia, with expected turnover in its first year of over SR1.5 billion ($400 million). 'This is a natural expansion in our activity in the regi

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