Equate Petrochemical Company, a major player in the petrochemical sector based in Kuwait, has reported a record net profit of $1.25 billion for the fiscal year ending December 31, 2013, up 14 per cent over $1.09 the year before.
BMW and MINI have achieved record sales across the Middle East region, with a total of 15,805 vehicles sold in 14 markets – a 15 per cent increase over the same period last year.
The company also concluded its best quarter e
German luxury car company Mercedes-Benz registered record sales in May with over 1520 cars delivered during the month across the Middle East and Levant region.
This was the best sales month since October 2008, said Frank Bernthaler, d
Samsung Electronics said it has sold more than half a million units of its touch screen mobile phone model, F480 (TouchWiz) in 10 months thus garnering a 25 per cent share in the global touch screen smartphone market.
“The Middle East repr
Ducab, a leading manufacturer of power cables in the Middle East, has registered solid growth in 2008 with its sales surging to a record Dh3.3 billion ($898.4 million) up 38 per cent when compared to 2007.
In addition, the cable manu
National Bonds, the Sharia-compliant national savings scheme of the UAE, has achieved record-breaking sales in the first six months of 2008.
The company’s sale of bonds touched approximately Dh1.4 billion ($381 million) at the end of June