Sunday 19 February 2017
 
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Gulf Hotels Group posts 2016 net profit of $42.4 million

The Gulf Hotels Group (GHG), a leading hospitality chain in Bahrain, has reported a gross operating revenue of BD36.377 million ($95.8 million) and a net profit of BD16.133 million ($42.4 million) for the year 2016 after consolidating the result

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RAK Ceramics 2016 net profit plunges 37pc

UAE-based RAK Ceramics, one of the largest ceramics brands in the world, said its net profit for 2016 plunged 37.1 per cent to Dh216 million ($58.7 million) over last year amidst a challenging market environment. Announcing the re

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RAK Ceramics 2016 net profit plunges 37pc

UAE-based RAK Ceramics, one of the largest ceramics brands in the world, said its net profit for 2016 plunged 37.1 per cent to Dh216 million ($58.7 million) over last year amidst a challenging market environment. Announcing the re

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Solid profitability seen for top UAE banks

The five large United Arab Emirates banks' core profitability is expected to remain solid over the next 12-18 months, according to a Moody's report.    In Q4 2016, the five banks -- Emirates NBD (A3

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Manazel Real Estate net profit up 5.6pc

Manazel Real Estate, a leading UAE developer, said its net profit rose 5.6 per cent to Dh206.5 million ($56 million) from Dh195 million the previous year mainly driven by its successful restructuring and diversification strategy.

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Adnic swings to strong profit

Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, reported a net profit of Dh205 million ($55.81 million) for 2016, a significant turnaround back into strong

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Jazeera Airways posts $172m revenue for 2016

Kuwait-based low-cost carrier Jazeera Airways recorded KD52.8 million ($172.7 million) in revenues for 2016, reflecting a 10 per cent decrease from the previous year. The airline also reported an operating profit of KD8.8 million

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Dana Gas reports $33m profit for 2016

Dana Gas, a leading regional natural gas company, reported a net profit of $33 million for 2016. The preliminary net profit was a decline as compared to $144 million achieved last year, which included gain on one-off sale of 5 per

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Air Arabia reports net profit of $138m for 2016

Air Arabia has posted a net profit of Dh509 million ($138.5 million) for the year 2016, 4 per cent lower than the 2015 figure of Dh531 million ($144.5 million). Turnover for the full year 2016 was in line with the preceding 12 mon

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Qatar Insurance Company posts $284m profit

Qatar Insurance Company (QIC), a leading insurer in the Mena region, reported a net profit attributable to parent of QR1.034 billion ($284 million) in 2016, which is close to 2015 results which amounted to QR1.043 billion. Gross w

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