Sunday 21 October 2018
 
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Profitability ‘stable for UAE’s 4 top banks in 2019’

Higher net interest income and lower provisions drove profits higher for the four largest banks in the UAE in the second quarter (Q2) of 2018 with profitability likely to remain stable into 2019, Moody’s said in a new report.

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Nakheel posts $683m net profit in H1

Nakheel, a leading global developer, said it has registered a net profit of Dh2.51 billion ($683 million) for the first six months of the year compared to Dh2.61 billion ($710 million) for the same period in 2017.   Announcin

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Emaar Development net profit surges 68pc to $496m

UAE-based Emaar Development has reported a net profit of Dh1.82 billion ($496 million) for the first six months of 2018, up 68 per cent compared to Dh1.08 billion ($294 million) for the same period last year.   A build-to-sell

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Adnoc Distribution net profit up 18pc in H1

Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) has reported that net profit for the six months ended June 30, 2018, increased by 18 per cent to Dh1.124 billion ($306 million) compared with the same period last year.

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Adnoc Distribution net profit up 18pc in H1

Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) has reported that net profit for the six months ended June 30, 2018, increased by 18 per cent to Dh1.124 billion ($306 million) compared with the same period last year.

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Bank ABC posts $113m H1 net profit

Bank ABC (Arab Banking Corporation) today announced a consolidated net profit for the first half of 2018, 11 per cent higher compared to $102 million for the same period the previous year.   Profit before taxatio

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Emaar Malls H1 net profit surges 8pc to $300m

Emaar Malls, the shopping malls and retail business of UAE developer Emaar Properties, has registered a net profit of Dh1.102 billion ($300 million) during the first half, up eight per cent over Dh1.021 billion ($278 million) over the same perio

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Emaar Malls H1 net profit surges 8pc to $300m

Emaar Malls, the shopping malls and retail business of UAE developer Emaar Properties, has registered a net profit of Dh1.102 billion ($300 million) during the first half, up eight per cent over Dh1.021 billion ($278 million) over the same perio

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Alba’s net profits surge 65pc in Q2

The net income of Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, surged 65 per cent in the second quarter of this year to BD29.1 million ($77.4 million), compared to BD17.7 million ($46.9 million) for the same period in 2017.

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GWC reports 10pc growth in H1 net profit

Gulf Warehousing Company (GWC), a leading logistics provider in Qatar, posted an impressive rate of growth of 10 per cent in net profits during the first half of this year, achieving QR116 million ($31.85 million), compared to QR105 million ($28

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