Abu Dhabi-based Aldar Properties, one of the largest developers in the Middle East and North Africa (Mena), has posted a net profit of Dh601 million ($163.5 million) for the second quarter (Q2) of the year, up 18 per cent from Dh509 million ($13
Qatar Electricity and Water Co (QEWC), the Gulf state's monopoly utility firm, reported a 6.1 per cent fall in second-quarter net profit on Monday, according to Reuters calculations, missing the analysts' forecast.
Fixed-line monopoly Telecom Egypt posted $142.66 million in net profit in the second quarter and said on Wednesday it hoped to obtain a unified landline and mobile license soon allowing it to boost earnings further.
The net profit
Dubai luxury property developer Damac posted an 18 per cent increase in second-quarter profit and said demand for high-end property would remain strong, despite signs of a slowdown in the emirate's wider real estate sector.
CB Richard Ellis Group (CBRE), one of the world's largest commercial real estate service companies, posted a second-quarter net profit and its strongest revenue growth since 2007, sending shares up 5.5 per cent in after-hours trade.
Egypt's Commercial International Bank (CIB), a leading private sector lender, has reported a second quarter 2009 consolidated net profit of EGP439 million ($79.2 million), compared to EGP527.3 million a year earlier.
The net profi
Kuwaiti fund manager Kamco, cited in a legal action by the US authorities, has reported a 94.82 percent slump in its second-quarter profit.
Kamco said in a statement posted on its website that its profit in the quarter fell to KD275,760 ($
Dubai Islamic Insurance and Reinsurance Company (Aman) said it has made Dh19.9 million ($5.40 million) profit in the second quarter of 2009, a rise of 158 per cent compared with the same period of 2008.
Premium income exceeded Dh200 millio