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Oil turns higher, rallies to 2015 high on Yemen conflict

Crude oil prices jumped to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. The terminal is one of the major hubs for the Had

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Oil jumps as Saudi king's death feeds uncertainty

Oil prices jumped in Asian trading today (January 23) as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades. Abdullah died early on Fri

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British Airways owner IAG posts 30pc rise in profit

International Airlines Group reported a 30 per cent jump in third-quarter profit and raised its forecast for the year, in contrast to the British Airways-owner's strike-hit rivals. IAG's operating profit before exceptional

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Mideast carriers' passenger demand up 10pc

The Middle East carriers’ passenger demand jumped 10.8 per cent in June, the largest increase for any region, according to the International Air Transport Association's (Iata) June report. It reflects the continued stren

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Mashreq Q2 net profit jumps 45pc

Mashreq, Dubai's third-biggest lender by assets, on Wednesday posted a 45 per cent jump in second-quarter net profit.   The lender made a net profit of Dh585 million ($15

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ADIB net profit jumps 22.5pc, cites higher revenue

Abu Dhabi Islamic Bank (ADIB), the largest sharia-compliant lender in the emirate, beat analysts' estimates on Sunday as it posted a 22.5 per cent jump in second-quarter net profit as core business income boo

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QIB net profit up 15pc, beats estimates

Qatar Islamic Bank (QIB), the largest sharia-compliant lender in the country by assets, posted a 15 per cent jump in second-quarter net profit on Monday, according to Reuters calculations, beating analysts' expectations.  

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Emaar profit surges 21pc to $699m in 2013

Top developer Emaar Properties has recorded a full-year net profit of Dh2.57 billion ($699 million) in 2013, up 21 per cent over Dh2.119 billion the previous year led by Dubai’s robust economic growth and surging investor confidence.

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Nakheel 9-month profit surges 58pc

Dubai government-owned property developer Nakheel said on Monday that its nine-month net profit jumped 58 per cent year-on-year as the company continued to benefit from the recovery in the emirate's property market. The firm,

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Skydiver jumps 38km from stratosphere

  An Austrian daredevil leapt into the stratosphere from a balloon near the edge of space 24 miles (38 km) above Earth on Sunday and safely landed, setting a record for the highest skydive and breaking the sound barrier in the pr

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