Thursday 22 February 2018
 
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Arabian Cement's 2017 gross profit down 37pc

Saudi-based Arabian Cement Company, one of the largest cement producers in the GCC, said its gross profit fell to SR349.5 million ($93 million) in 2017 from SR551.6 million ($147 million) the previous year. The plunge in these fig

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Arabian Cement's 2017 gross profit down 37pc

Saudi-based Arabian Cement Company, one of the largest cement producers in the GCC, said its gross profit fell to SR349.5 million ($93 million) in 2017 from SR551.6 million ($147 million) the previous year. The plunge in these fig

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Flydubai revenues hit $1.49bn in 2017

Flydubai's total revenue for the year 2017 hit Dh5.5 billion ($1.49 billion), jumping 9.2 per cent compared to the same period in 2015, with profits reaching Dh37.3 million ($10.1 million). The airline also recorded a 5.5 per

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Interest growth boosts UAE banks profits: Moody’s

Strong growth in net interest, as well as fee and commission income, helped the four largest banks in the UAE report higher net profit in the fourth quarter despite higher provisioning and operating costs, said Moody’s in a

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RAK Properties 2017 net profit surges 10pc

Leading property development firm RAK Properties said its net profit for the full fiscal year of 2017  surged 10 per cent to Dh192 million ($52.2 million) compared to Dh175 million the previous year. Announcing its financial

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Damac's 2017 revenue surges 4pc to $2.04bn

Damac Properties, a leading player in the UAE luxury real estate development sector, has reported a total revenue of Dh7.5 billion ($2.04 billion) for 2017, up four per cent over last year besides clocking a net profit of Dh2.8 billion ($762 mil

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Drake & Scull International swings to Q4 profit

Drake & Scull International, a regional leader in engineering and construction services, is back in the black  with a net profit of Dh700,000 ($190,549) for the fourth quarter in 2017 compared to a net loss of Dh359 million the previous

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Dana Gas posts $83m FY profit

Dana Gas, the Middle East’s largest regional natural gas company, reported full year 2017 gross revenue and net profit of $450 million and $83 million respectively as compared to $392 million and net loss of $88 million, respectively, in

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Emaar profits hit $1.8bn in 2017

Dubai-based Emaar Properties made $1.8 billion in profit and close to $5 billion in sales in 2017, Mohamed Alabbar, chairman of the listed developer said.   The figure is an increase on the $1.43 billion profits

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Shuaa Capital swings to profit in 2017

Shuaa Capital, a premier financial services company in the UAE, has registered a net profit of Dh74 million ($20.1 million) for the financial year 2017 compared to a loss of Dh132.5 million ($36 million) the previous year, thus witnessing a 156

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