Friday 29 April 2016
 
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Dubai Investments Q1 net profit rises 5.5pc

Dubai Investments, a leading, diversified investments conglomerate listed on the Dubai Financial Market, has reported net profit of Dh297.5 million ($80.97 million) for the first quarter of 2016, a 5.5 per cent increase compared to Dh282 million

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Dubai Investments Q1 net profit rises 5.5pc

Dubai Investments, a leading, diversified investments conglomerate listed on the Dubai Financial Market, has reported net profit of Dh297.5 million ($80.97 million) for the first quarter of 2016, a 5.5 per cent increase compared to Dh282 million

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Ooredoo Q1 profit jumps 75pc to $244m

Qatari telecom operator Ooredoo reported a 75 per cent rise in first-quarter net profit on Wednesday driven by foreign exchange gains from Indonesia and Myanmar. The earnings of the former monopoly, which operates in about a dozen

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Bank ABC net profit for Q1 down 21pc to $41m

Bank ABC (Arab Banking Corporation) today announced that its consolidated group net profit, attributable to the shareholders of the parent, for the first quarter of the year 2016 was $41 million, 21 per cent lower compared to a profit of $52 mil

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Etihad Airways revenue soars to $9 billion

Etihad Airways, the national airline of the UAE, today announced its strongest annual financial results to date, with a net profit of $103 million ($73 million in 2014) on total revenues of $9.02 billion ($7.55 billion in 2014). T

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Pearl Qatar developer nets $74m Q1 profit

United Development Company, the master developer of The Pearl Qatar, a man-made island in Doha, has registered a net profit of QR271 million ($74.2 million) in the first quarter over the same period last year. Announcing its quart

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Etisalat Q1 net profit falls 8pc to $544m

Abu Dhabi-listed Etisalat reported a 8 per cent fall in first-quarter net profit on Tuesday. Etisalat, which directly and indirectly operates in about 17 countries across the Middle East, Africa and Asia, made a net profit of Dh2

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Manazel net profit surges 29pc on restructuring

Manazel Real Estate, a leading UAE developer, has registered a 29 per cent growth in its net profit for 2015 which rose to Dh195 million ($53 million) from the previous year's profit of Dh152 million ($41.3 million), mainly driven by the ben

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Microsoft revenue, profit misses estimates

Microsoft Corp reported results that fell short of analysts' expectations, showing its high-profile cloud business cannot quite make up for a slowing personal-computer market. Shares fell 5 per cent in after hours trade to $52

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Zain Bahrain posts $2.4m Q1 profit; LTE usage surges

Zain Bahrain, a key telecoms provider in the kingdom, posted a BD917,000 ($2.4 million) net profit for the three-month period ending March 31, 2016, as data usage through its state-of-the-art 4G LTE network surged by 121 per cent, the company sa

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