Saturday 20 December 2014
 
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Q3

Mena IPO value increase 10-fold to $1.7bn in Q3

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

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Kuwait Finance House Q3 profit falls 10pc

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

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Emaar Q3 profit tops $158 million; up 50pc

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.

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Bank Dhofar Q3 net profit down 10.8pc

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.

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Audi launches compact SUV in Mideast

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

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Jarir sees Q3 profit up 15pc

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

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Qatar economy grows 11pc in Q3 from Q2

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

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Amlak posts Q3 loss of $12.3m

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

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Thai Q3 GDP up 1.3pc

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

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Mobinil Q3 net profit dips 8pc to $91m

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

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