Monday 27 March 2017
 
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EFG Hermes posts 8-fold jump in net profit

EFG Hermes, a leading financial services corporation in the Middle East and North Africa (Mena), reported today an almost eight-fold increase in net profits to EGP1.6 billion ($87.91 million) for 2016. EFG Hermes posted revenues o

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DP World net income tops $1 billion

Dubai-based global marine terminal operator DP World has announced strong financial results from its global portfolio for the 12 months ending 31 December 2016, which saw the company achieve net income of over $1 billion for the first time.

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Dubai Silicon Oasis posts 28pc jump in net profit

Dubai Silicon Oasis Authority (DSOA), a key innovation hub for hi-tech industries in the region, said its net profit for 2016 surged to Dh234.7 million ($64 million), up 27.7 per cent over the previous year, according to a report.

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Reem Investments 2016 net profit up 2pc

Reem Investments, one of the leading investment companies in Abu Dhabi, UAE, has registered a net profit of Dh216 million ($59 million) for 2016, up two per cent over the previous year. Impressed with the results, the company'

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Qatar utility firm posts $422m net profit

Qatar Electricity and Water Company (QEWC) has registered a net profit of QR1.54 billion ($422 million) for 2016 compared to QR1.5 billion ($411 million) in the year before. The company also posted a four per cent growth in its sa

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Qatar utility firm posts $422m net profit

Qatar Electricity and Water Company (QEWC) has registered a net profit of QR1.54 billion ($422 million) for 2016 compared to QR1.5 billion ($411 million) in the year before. The company also posted a four per cent growth in its sa

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Qatar utility firm posts $422m net profit

Qatar Electricity and Water Company (QEWC) has registered a net profit of QR1.54 billion ($422 million) for 2016 compared to QR1.5 billion ($411 million) in the year before. The company also posted a four per cent growth in its sa

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Emaar proposes 15pc cash dividends for 2016

Dubai-based global real estate developer Emaar Properties has proposed a cash dividend of 15 per cent to shareholders following a robust performance in 2016 which saw its net profit soar to Dh5.233 billion ($1.42 billion). The dis

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BBK posts $149.6m net profit for 2016

BBK, a leading retail bank in Bahrain, has announced a net profit of BD56.4 million ($149.60 million) attributable to owners for the financial year ended December 31, 2016. The net profit is 6 per cent higher compared to the previ

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Seef Properties 2106 profit surges 12.2pc

Seef Properties, a leading integrated development company in Bahrain, said it has registered a net profit of BD11.04 million ($28.3 million) for 2016, up 12.2 per cent over the previous year. Announcing the financial results for t

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