Fixed-line monopoly Telecom Egypt posted $142.66 million in net profit in the second quarter and said on Wednesday it hoped to obtain a unified landline and mobile license soon allowing it to boost earnings further.
The net profit
The National Bank of Abu Dhabi’s (NBAD) Mena Dividend Leader Fund has been voted ‘Newcomer Fund of the Year 2013’ by Zawya at the Mena Asset Management Conference and Awards 2014 held in Dubai recently.
Egypt's president has approved a law imposing a new 10 per cent tax on capital gains and stock dividends, as the country seeks to revive an economy battered by more than three years of political turmoil.
The tax applies to div
Etihad Etisalat (Mobily) has announced that its board of directors, at a meeting held yesterday (April 30), decided the distribution of SR962.5 million ($256.6 million) as interim cash dividend for the first quarter of 2014.
Dubai contractor Arabtec Holding plans to list a portion of its construction unit in an initial public offering (IPO) on the Abu Dhabi bourse next year, the group chief executive said on Wednesday.
IPOs dried up in the UAE when its fina
BP raised its quarterly dividend for the second time in six months and said more share buy-backs were on the cards, showing how the British oil company's asset sales are providing more cash for investors.
Shareholders have urg
Arabtec Holding, a leading engineering group, will hold its Annual General Meeting (AGM) in Abu Dhabi on April 30, where it will review the proposed distribution of 40 per cent dividends, 10 per cent in cash and 30 per cent in bonus shares.
Saudi Basic Industries Corp (Sabic) has approved its board’s recommendation to distribute SR9 billion ($2.3 billion) in cash dividends at SR3 per share for the second half of last year.
The National Bank of Abu Dhabi’s (NBAD) Cautious Income Fund will pay to its investors a semi-annual distribution equal to 3.4 per cent of the net asset value (NAV) unit of 5.3615.
The Fund has earned a total income of
Reem Investments, an Abu Dhabi-based investment company, posted Dh152 million ($41.3 million) in net profit for last year.
Abdulhamid M Saeed, managing director, told the recent annual general meeting: “R