Tuesday 29 July 2014
 
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Q3

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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Sinopec Q3 net doubles on higher fuel prices

Top Asian oil refiner Sinopec Corp said its net profit more than doubled in the third quarter, in line with expectations, on higher fuel prices and falling crude oil prices. Sinopec said net profit totalled 16.55 billion yuan ($2.4 billion

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ADIB Q3 profit rises 11pc on higher lending

Abu Dhabi Islamic Bank (Adib) said on Thursday its third-quarter net profit rose 11 per cent on higher lending, beating analysts forecasts. The lender, which has exposures to troubled Saudi groups Saad Froup and Ahmad Hamad Algosaibi &

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