Saturday 23 August 2014
 
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earning

BBK net profit rises 7.8pc to $72.1m

Bank of Bahrain and Kuwait (BBK) has reported a growth of 7.8 per cent in net profit at BD27.2 million ($72.14 million) for the six months ended June 30, when compared with BD25.2 million for the corresponding pe

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Bahrain Duty Free net profit up 8pc in H1

Bahrain Duty Free Shop Complex achieved a net profit of BD3.562 million ($9.39 million) for the first half of the year, an increase of eight per cent compared with the same period in 2012. Earnings per share rose to 33 fils, up fr

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HSBC revenues sag, may face $1.6bn US lawsuit hit

HSBC posted lower than expected earnings on Monday and said it might have to pay $1.6 billion in damages over a US lawsuit, reviving concerns over legacy issues and growth prospects at Europe's biggest bank. Its shares fell mo

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Drake & Scull Q2 profits slump 42pc

Dubai-based Drake & Scull, a specialist in MEP operations, recorded a net profit of Dh32 million ($8.7 million) for the second quarter (Q2) of the year, marking a 42 per cent drop in net earnings compared to Q2 2011. It also reporte

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Agility posts flat Q2 net profits

Kuwait-based Agility, a leading global logistics provider, made a profit of KD7.82 million ($27.71 million) in the second quarter (Q2) of the year, against KD7.83 million in the same period of 2011. Revenue and EBITDA were KD348.8 milli

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GCC corporate earnings up 26pc

Last year GCC corporates saw overall earnings growth of 26 per cent as compared to 2010. Total earnings came in at $52.3 billion against $54.26 billion in 2010. Second-half earnings were driven by strong performance from commodity companie

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Good looks ‘major factor to become CEO’

Appearance and success in the business world have strong ties, according to a study which highlighted that ambition, leadership and competence are not the only driving factors to become CEO. A “corporate beauty contest” staged by Duke Univ

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ME women 'earn less than male counterparts'

Forty per cent of women in the Middle East feel they receive less pay than their male counterparts and have a slimmer chance of promotion, according to a new poll by leading Middle East employment website Bayt.com. The Women in the Middle

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Barwa's earnings surge 154 per cent

Barwa Real Estate, a leading developer in Qatar, has posted a net profit increase of 154 per cent in 2009, buoyed by an increase in rent revenues, revaluation of properties and the acquisition of an investment firm, it said on Monday. The

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