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Mubadala swings to $231m profit in H1Abu Dhabi state-owned investment company Mubadala earned a first-half profit of Dh851.5 million ($231.83 million) compared with a loss of Dh1.2 billion for the same period last year, it said in a statement on Thursday. The fund, which h More… |
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Dubai hotels post 10pc growth; guests total 5mDubai’s hotels and hotel apartments hosted 5.027 million guests in the first half of the year, marking an increase of 10 per cent over the corresponding period in 2011, said a senior official. The revenues for the first six More… |
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Mawashi H1 profit more than doubles to $11mMawashi, a cutting-edge livestock company in Qatar, has posted net profits reaching QR41.7 million ($11.45 million) during the first half of 2012, compared to QR18.5 million over the same period last year, its CEO said. Ahmad Nasser Sra More… |
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Solidarity unit H1 earnings rise 140pcThe Jordanian subsidiary of Bahrain-based Solidarity Group Holding has posted earnings before tax of JD1 million ($1.41 million) for the first half of the year, marking a 140 per cent increase compared to the same period last year. More… |
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Depa slips into $30m loss in H1Dubai-based Depa, a global leader in interior contracting, posted a loss of Dh110 million ($29.9 million) for the first half of the year as against a profit of Dh48 million during the same period in 2011. Half-year profitability was imp More… |
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Gatehouse Bank posts H1 profit of $3.2mGatehouse Bank, the London-based Islamic investment institution, has posted a first-half profit of more than $3.2 million, exceeding projections by nearly 10 per cent. Income for the six months amounted to $9.7 million compared wi More… |
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Venture Capital swings to H1 profit of $13mThe Bahrain-based regional Islamic investment bank Venture Capital Bank is back in the black with a net profit of $13 million in the first-half, building on its already successful first-quarter net profit of $8 million. The bank h More… |
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Arig's first-half income tops $5mGood underwriting performance and the absence of large natural catastrophes contributed to Arab Insurance Group's (Arig) first half income of $5.2 million compared with a loss of $3.9 million last time. The regional reinsuranc More… |
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Gulf Bank H1 profit drops 30pc on rise in reserveGulf Bank has posted a net profit of KD12.8 million ($45.3 million) for the first half of 2012 against KD18.3 million over the same period 2011 marking a 30 per cent drop due to an increase in precautionary reserve. The Kuwait-based ban More… |
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Seef Properties posts $8m H1 net profitBahrain-based Seef Properties has posted a net profit of BD3.2 million ($8.4 million) for the first half of this year, reflecting an increased level of business in the retail sector, said its chairman. The firm which manages the S More… |
