Wednesday 29 July 2015
 
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ADIB net profit increases 10.5pc to $136m in Q2

Abu Dhabi Islamic Bank (ADIB), a tier one financial services company, has reported a net profit of Dh502.6 million ($136.7 million) for the second quarter of the year, a 10.5 per cent increase from the same period last year. The n

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Infosys business revamp bolsters profit

Indian IT services provider Infosys said a business revamp initiated by its first non-founder boss helped it win more large deals in the first quarter, fuelling a five per cent rise in net profit. Shares of Infosys surged 11 per c

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Iran's possible oil production response post-sanctions

Iran could increase its oil production by up to one million barrels per day within 12 months of sanctions being lifted, provided it can find buyers for the crude. In 2014, the country produced an average of just over 1,350 barrels

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GWC posts 30pc rise in net profit for H1

Qatar-based Gulf Warehousing Company (GWC), a leading logistics provider, has reported a 30 per cent increase in net profit during the first half of 2015, in comparison to the same period last year. The company reported QR87.7 mil

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BBK’s net profit rises 8.2pc to $78 million

Bank of Bahrain and Kuwait has reported a growth of 8.2 per cent in net profit at BD29.4 million ($78 million) for the first six months of this year, compared with BD27.2 million reported for the same period last year. A statement

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Gulf Hotels Group posts $45.4m in revenue

Gulf Hotels Group (GHG), a Bahrain-based owner and operator of hotels, has reported total gross operating revenue of BD17.11 million ($45.39 million) for the first six months ended June 30, as against BD17.91 million for the same period last yea

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Emirates Islamic post $121m net profit, up 97pc

Emirates Islamic, a leading Islamic financial institutions in the UAE, has posted a net profit of Dh447 million ($121.6 million) for the first half of the year, a 97 per cent increase over the same period last year. Its total oper

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NBK net profit increases 12.8pc to $541m

National Bank of Kuwait (NBK) has reported net profits of $541 million (KD163.4 million) for the first half of the year, compared with $479.4 million for the same period last year,  up 12.8 per cent year-on-year. The NBK Grou

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Audi worldwide sales increase 3.8pc

Audi Group’s worldwide sales increased 3.8 per cent to more than 900,000 cars in the six months leading up to June, compared to the same period last year. Even though the important model changes were imminent in a number of

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NBB profit increases 3.2pc to $79m

National Bank of Bahrain has reported a 3.2 per cent increase in net profit at BD29.67 million ($78.91 million) for the six months ended June 30 when compared with BD28.74 million for the corresponding period of the previous year.

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