Sunday 28 December 2014
 
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First half

Union Insurance swings to $5.7m profit in H1

Dubai-based Union Insurance Company has reported a net profit of Dh21.2 million ($5.77 million) compared to a net loss of Dh37 million for the same period last year, an increase of 157 per cent. This has resulted in earnings per s

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Taqa swings to H1 loss on operational issues

Abu Dhabi National Energy Company (Taqa) has reported a net loss of Dh66 million ($17.9 million) in the first half of the year as against a profit of Dh981 million for the same period of 2012 on operational issues. For the second

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Batelco posts H1 net profit of $71m, down 22pc

Bahrain-based Batelco, a leading telecom group, reported a net profit of BD27 million ($71.6 million) for the first half of the year from $91.8 million for the corresponding period of 2012, marking a fall of 22 per cent year-on-year.

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Jazeera Airways H1 net profit tops record $26m

Kuwait-based Jazeera Airways Group has announced its most profitable first half in history with a record net profit of KD7.5 million ($26.3 million) for six months ending June 2013, up 95 per cent from the corresponding period last year.

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ABC Islamic posts $6m net profit in H1

ABC Islamic Bank has posted a net profit of $6 million for the first half of the year, 49 per cent higher than that of the same period in 2012. Total operating income increased to $8.3 million, compared to $7.4 million for the fir

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Abu Dhabi hotel guest numbers up 12pc in H1

Abu Dhabi has reported a 12 per cent rise in the number of guests staying in its 145 hotels and hotel apartments for the first half of this year compared to the first six months of last year. Figures just released by Abu Dhabi Tou

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Arab Bank sees double-digit profit growth this year

Jordan's Arab Bank, one of the largest Middle East financial institutions, expects double-digit growth in net profit in 2013, bank officials said on Saturday. The bank reported first-half net profit up 7.5 percent to $387 mill

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ABC net profit rises 7pc to $112m in H1

Arab Banking Corporation (ABC) yesterday reported a seven per cent increase in its consolidated net profit to $112 million for the first half of the year, compared with $105 million for the same period last year. Net profit for th

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Toyota posts record H1 sales in GCC

Toyota has psted a steady growth in sales performance in the GCC, selling a record number of 310,761 units in the first half of 2013, a 10 per cent growth as compared to the same period in 2012. In the SUV category, Toyota’s

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BCFC registers net profit of $17m in H1

Bahrain Commercial Facilities Company (BCFC) has reported a consolidated net profit of BD6.4 million ($16.97 million) for the first half of the year, slightly higher than the figure for the same period last year. Net profit for th

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