The Middle East and North Africa (Mena) region’s initial public offering (IPO) value hit $1.7 billion in the third quarter of the year, a ten-fold increase from $150.7 million raised in the same period last year, according to a recent EY u
Kuwait Finance House (KFH), a leading Islamic lender, reported a 10 per cent fall in third-quarter net profit on Thursday, in line with analysts' forecasts.
The net profit dropped to KD35.5 million ($122.7 million) in the thre
Emaar Properties, Dubai's largest property firm, made Dh581 million ($158.18 million) in the quarter ending Sept 30 compared with Dh387 million in the corresponding period in 2012, marking a higher-than-expected 50 per cent rise.
Bank Dhofar, currently in talks to merge with smaller rival Bank Sohar, recorded a 10.8 per cent decline in third-quarter net profit, Reuters calculated on Sunday.
Oman's second-largest bank by market value made a profit of 8.
German automaker Audi has launched its first SUV in the compact segment, the Q3 in the Middle East markets.
Following the success of the company’s Q5 and Q7 SUV models, which made up 30 per cent of total Middle East sales in the first four
Saudi office supplies and electronics retailer Jarir Marketing said on Tuesday it expects third-quarter net profit to rise by 15 per cent after posting a 4 per cent rise in the second quarter.
'The school season will fall in the third
Qatar's nominal gross domestic product rose 11 per cent in the third quarter compared with the previous quarter, preliminary estimates of the Gulf country's statistics office showed on Tuesday.
Qatar, the world's largest natural gas export
Dubai's Amlak recorded a third-quarter net loss of Dh45 million ($12.25 million), it said in a statement on Tuesday.
The Islamic mortgage lender made a net loss of Dh178 million in the first nine months of the year due to "further prudent
A rebound in manufacturing and exports pushed Thailand's economy up 1.3 per cent in the July-September quarter from the previous quarter, extending Thailand's recovery from its first recession in 11 years.
The second straight quarter of ex
Mobinil, Egypt’s largest mobile operator by subscribers, made a profit of EGP497 million ($90.8 million) in the third quarter, down 8.1 per cent on a year earlier.
It added 1.771 million new customers in the quarter for a total of 24.625 m