Friday 31 July 2015
 
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Q1

Mezzan posts $18m net profit for Q1, up 24pc

Mezzan Holding, a leading manufacturer and distributor of food, beverage, FMCG and pharmaceutical products in the Gulf, has reported a net profit of KD5.5 million ($18 million) for the first quarter of the year, up 24.8 per cent as compared to t

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Taqa Q1 profit falls 6.6pc on low oil prices

Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, said that first-quarter (Q1) net profit dropped 6.6 per cent from a year earlier to Dh256 million ($69.8 million) because of low oil prices. &nb

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Napco posts $1.8m net profit

National Aluminium Products Company (Napco), a leading extruders of aluminum profiles in the GCC, has posted net profit of RO701,000 ($1.8 million) for last year, with revenues totalling to RO19.3 million. Continuing with the mome

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Wego witnesses rapid growth in Q1

Wego, a leading travel search site in the Middle East and Asia Pacific, saw rapid growth in the first quarter this year with the number of active Mena users going up by 209 per cent and sessions by 364 per cent, compared to the same period last

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Dubai's housing prices fall slightly in Q1

Housing prices fell slightly in Dubai, UAE, and rents were flat in the first quarter of 2015 in the emirate compared with the final three months of last year, a report by property consultants JLL showed on Monday. The real estate market

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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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