Sunday 1 March 2015
 
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Net Profit

NMC posts 12pc rise in 2014 profit; buys Spanish firm

NMC Health, a leading healthcare operator in the UAE, has announced a 12.1 per cent rise in net profit to $77.5 million for 2014 as well as the acquisition of a global fertility treatment provider based in Barcelona, Spain for $162 million.

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Waha Capital plans $870 million investment

Abu Dhabi investment firm Waha Capital plans to invest Dh3.2 billion ($872 million) in the short-term to grow its energy, healthcare and infrastructure portfolio, its chief executive said on Sunday. Salem Rashid Al-Noaimi spoke to

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Zain Bahrain posts $10.9m net profit in 2014

Zain Bahrain generated revenues of BD71.8 million ($190.5 million) in 2014, a decrease of 8.1 per cent on the previous year's BD78.1 million ($207.1 million), a report said. EBITDA for the period reached BD27 million and BD29.

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ADCB Q4 profit jumps 29pc to $277m

Abu Dhabi Commercial Bank (ADCB) made a net profit of Dh1.02 billion ($277.7 million) in the three months of 2014 versus Dh793.1 million in the corresponding period of 2013, marking a rise of 28.9 per cent according to Reuters calculations.

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Doha Bank Q4 net profit down 7.2pc

Doha Bank, Qatar's fifth-largest lender by assets, reported a 7.2 per cent fall in fourth-quarter net profit on Wednesday. Net profit fell to QR219 million ($60.2 million) from QR236 million a year earlier, the bank said in a

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Emaar Malls Q4 net profit rises 5pc to $112m

Dubai's Emaar Malls Group (EMG), a unit of Emaar Properties, reported a 5 percent rise in fourth-quarter net profit on Wednesday. EMG made a net profit of Dh412 million ($112.2 million) in the three months to December 31, comp

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NBK Q4 net profit rises 46pc to $197m

National Bank of Kuwait, the country’s largest commercial lender, reported a net profit of KD57.9 million ($197.2 million) in the fourth quarter of 2014, compared to KD39.6 million a year ago, marking an increase of 46.4 per cent.

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Mashreq eyes Citigroup's Egypt retail business

Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday. The bank is holding talks with Citi on the matter, Abdul Aziz

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Topaz 9-month earnings up 17pc to $144m

Topaz Energy and Marine, a leading offshore support vessel company, has posted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $144.2 million for first nine months of the year, marking an increase of 17.5 per cent ove

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Shuaa Capital Q3 net profit jumps six-fold

Shuaa Capital, a Dubai-based financial services provider, has posted a net profit of Dh26.2 million ($7.13 million) during the third quarter of the year as against Dh3.6 million ($978 million) during the same period of 2013, marking a six-fold i

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