Khaleeji Commercial Bank (KHCB), a prominent Islamic retail bank, has achieved a net profit of BD 1.2 million ($3.18 million) for the second quarter of 2014, an increase of 166.9 per cent compared to the same period last year.
Server shipments in Europe, Middle East and Africa (EMEA) totalled 550,000 units in the second quarter, a decrease of 5.9 per cent from the same period last year, said a report.
Server revenue totaled $3.1 billion in the quarter,
Dubai Financial Market (DFM) has revealed that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of Q2-2013 results within the deadline of 45 days from the end of the period.
Kuwait Energy, an independent oil and gas exploration and production company in the Middle East, has reported a revenue of $77.6 miilion, up 51.8 per cent in its second quarter, as compared to the same period in 2012.
Emirates Investment Bank, an independent Dubai-based private investment bank, has reported Dh12.3 million ($3.3 million) net profit in the second quarter of 2013, up 48 per cent as compared to Q2 last year.
It said the bank's
RAK Properties, a Ras Al Khaimah-based property developer, has earned a net profit of Dh51.10 million ($13.9) in the second quarter (Q2) of this year.
The financial results were announced following the meeting of the board held on
Xerox, a global leader in business process and document management, posted a revenue of $5.4 billion, up one per cent for the second quarter of this year.
The company said its second quarter adjusted earning per share (EPS) of 27
Abu Dhabi's Union National Bank on Sunday reported a 7.2 percent rise in second-quarter profit helped lower provisions and reduced funding costs, beating analysts' expectations.
The lender, jointly owned by the governments
Mashreq, Dubai's third-biggest lender by assets, posted a 25.7 percent rise in second-quarter net profit on the back of higher fee income, the latest bank in the United Arab Emirates to report strong quarterly numbers.
Du, the United Arab Emirates' second biggest telecom operator, said it would pay 1 billion dirhams ($272.3 million) to shareholders via special and interim dividends, after it posted a 46 percent rise in second-quarter net profit on Thursday