Abu Dhabi Islamic Bank (ADIB) Egypt has reported a net income of EGP103 million ($14.5 million) for the year ending December 31, 2013, compared to EGP855 million loss in 2012.
The bank reported gross revenues of EGP580 million, wi
Egypt's CIB, the country's biggest listed bank, said on Tuesday its second-quarter consolidated net income rose 28 per cent year-on-year as it diverted more money into profitable government securities.
Net income rose to 6
US-based Seagate Technology, a leader in storage solutions, has reported revenue of $3.4 billion for the fourth quarter of the fiscal year ended June 28.
The company also reported a net income of $348 million and diluted earnings
The Savola Group has announced its net income at SR 341.3 million ($91.01 million), for the second quarter ended June 30, an increase of 48 per cent compared to the same period last year at SR230.7 million.
Dr Abdulraouf M Mannaa,
Gulf International Bank (GIB) reported a consolidated net income after tax of $31.8 million for the three months ended March 31, 2012, a $6.0 million or 23 per cent rise in the comparable prior year period.
Year-on-year increases were reco
Kingdom Holding Company (KHC), the investment vehicle of Saudi billionaire Prince Alwaleed bin Talal, said its net income for the first quarter of 2012 rose 11.2 per cent to hit SR100.8 million ($26.8 million) over the same period l
Drake & Scull International (DSI), a regional market leader in the integrated design, engineering and construction sector, said it has registered a 77 per cent year-on-year net margin growth during the third quarter.
Leading Kuwait telecom operator Zain said its net income during the first nine months grew 7 per cent year-on-year to hit KD210.2 million ($762.5 million) over the same period last year.
Announcing solid financial results on Tuesday,
Arab Petroleum Investments Corporation (Apicorp), a multilateral bank owned by Arab states, has reported a 42 per cent year-on-year increase in its net income for nine months which hit $64.3 million.
Apicorp is owned by the ten member stat
Gulf International Bank (GIB), a leading merchant bank in the Middle East, said its consolidated net income after tax for the first quarter dropped to $26.8 million from $42.9 million last year.
However, this was a significant improvement