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Seef Properties posts $8.75m in Q2 profitsSeef Properties, a leading estate company in Bahrain, has posted a net profit of BD3.3 million for the second quarter of the year. It also announced a 0.16 per cent rise in gross income to BD6.1 million for the six months ended June 30, co More… |
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ADCB has $1.8bn Dubai World exposureAbu Dhabi Commercial Bank (ADCB) said on Saturday it had Dh6.6 billion ($1.8 billion) worth of exposure to indebted state conglomerate Dubai World and posted a second-quarter loss. The lender reported a net loss of Dh531 million in the sec More… |
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British Airways upbeat despite $256m lossBritish Airways still expects to break even in the full year, despite reporting wider first-quarter losses due to the impact of volcanic ash and strike-related disruption. The British carrier's pre-tax loss grew 10.8 per cent to GBP164 mil More… |
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Ahli United Q2 net profit rises 22pcBahrain-based Ahli United Bank posted on Wednesday a 22 per cent rise in quarterly profit. The bank said in a statement posted on the Kuwaiti stock exchange that profit attributable to shareholders in the quarter ended June 30 was $70.2 mi More… |
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Dubai Investments Q2 profit dives 32pcUAE conglomerate Dubai Investments posted a 32-per cent drop in second quarter net profit on Wednesday, after being hit by a loss on the fair value of its investments. The firm made a net profit of Dh196.3 million ($53.46 million) for the More… |
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Inin Q2 revenues soar 18pcInteractive Intelligence (Inin), a global provider of unified IP business communications solutions, has reported second quarter revenues of $38.8 million, an increase of 18 per cent over the same period last year. Product revenues were up More… |
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Emirates NBD Q2 profit slumps, misses forecastEmirates NBD, one of the Gulf banks most exposed to indebted Dubai World, missed analysts' forecasts as its quarterly profit more than halved due to a loss on trading securities and higher impairments. ENBD, the fourth-largest bank by More… |
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Nokia Q2 profits drop, CEO under pressureNokia reported on Thursday a sharp drop in second-quarter profits, increasing the pressure on embattled chief executive Olli-Pekka Kallasvuo. The firm, which makes every third mobile phone sold in the world, has been rocked by two profit w More… |
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Emaar swings to Q2 profitDubai's Emaar Properties, builder of the world's tallest tower, swung to a second-quarter profit, though losses on a unit sale and other one-off charges kept a cap on earnings. The Arab world's largest listed developer made a s More… |
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Saudi Telecom Q2 net income plunges 31pcState-controlled Saudi Telecom (STC) made net income of SR2.06 billion ($549.3 million) in the three months to end-June, down 31 per cent from SR2.99 billion a year earlier, it said in a statement on the bourse website. It posted a drop in More… |
