Friday 28 November 2014
 
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Q1

Audi to develop new compact SUV

German automaker Audi has announced plans to develop a new compact SUV adding that it will roll off the assembly lines in Ingolstadt in 2016. “The Audi Q1 is part of our broad-based SUV strategy. It is designed on the basis

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Sony surprises with Q1 profit, raises outlook

Sony Corp lifted its annual outlook and returned to profitability in the first quarter on booming demand for its Bravia flat TVs and PlayStation 3 game consoles. Rivals Panasonic Corp and Sharp Corp also reported profits for April-June ver

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Yansab profit hits $134m in 3 months

Saudi-based Yanbu National Petrochemical Company (Yansab) made a net profit of SR502.4 million ($133.9 million) in its first full quarter of commercial operations. Yansab, which made a net loss of SR6.65 million in the same quarter a year

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Gold demand drops 25pc in Q1 but 'improving'

Global gold demand is expected to rebound this year as investors buy the metal as a safe store of value amid volatility in the financial markets, and as consumers become accustomed to higher prices, the World Gold Council said. Speaking as

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Gold demand drops 25pc in Q1 but 'improving'

Global gold demand is expected to rebound this year as investors buy the metal as a safe store of value amid volatility in the financial markets, and as consumers become accustomed to higher prices, the World Gold Council said. Speaking as

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Raya Q1 net profit more than triples

Egypt's Raya Technology and Communication made a net profit of EGP11.9 million ($2.1 million) in the first quarter of 2010, more than triple the year-ago quarter, the bourse said on Thursday. The firm, which sells mobile handsets, runs cal

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Dana Gas returns to profit in Q1

Dana Gas, the Gulf's only listed natural gas company, returned to profit in the first quarter with a net profit of Dh33 million ($8.98 million) due to higher oil and gas output and rising energy prices. The company said it was confiden

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Egypt's CIB posts Q1 net profit of $94m

Commercial International Bank (CIB), Egypt's biggest private bank by assets, has posted a net profit for the quarter at EGP528.8 million ($94.37 million), up from a restated EGP472.0 million in the first quarter of 2009. The bank said

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GCC spending on adverts up 17pc in Q1

Total advertising expenditure in the GCC rose to $2.22 billion during the first quarter of the year, representing an increase of 17 per cent over the same period last year. According to an industry expert, the positive results reflect a si

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Taqa Q1 net profit leaps to $78 million

Abu Dhabi National Energy Company (Taqa) has posted a net profit of Dh287 million ($78.1 million) for the first quarter of 2010, an increase of 618 per cent as compared to net profit of Dh40 million in 2009. Taqa benefited from a

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