Wednesday 18 January 2017
 
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Emirates Islamic income hits $680m in 2016

Emirates Islamic, one of the fastest growing banks in the UAE, said its total income (incuding the net of customers’ share of profit and distribution to Sukuk holders) for 2016 surged three per cent to Dh2.5 billion ($680.4 million).

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Emirates NBD posts $1.97 billion net profit

Emirates NBD, the UAE’s largest lender, posted a net profit of Dh7.24 billion ($1.97 billion) for the financial year 2016, up 2 per cent compared to the previous year. However, the total income declined 3 per cent y-o-y to D

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Qatar GWC's 2016 net profit surges 11pc

Qatar’s leading logistics provider GWC has concluded 2016 with one of the healthiest growth rates in the country, achieving a 11 per cent jump in its net profit which soared to QR206 million ($57 million) from QR185.2 million ($51 million)

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Air Arabia Q3 net profit up 26pc

Air Arabia, the largest low-cost carrier in the Mena region, has reported a net profit of Dh297 million ($80.8 million) for the third quarter of the year, up 26 per cent compared to Dh235 million ($63.9 million) recorded in the same period in 20

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Emaar Properties net profit up 19pc

Global property developer Emaar Properties hsa recorded 19 per cent growth in net profit to Dh3.620 billion ($986 million) during the first nine months of 2016 compared to Dh3.048 billion ($830 million) during the same period in 2015.

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Agility reports Q3 net profit of $50m

Agility, a leading global logistics provider, has reported reported a net profit of KD15.17 million ($50.10 million) for the third quarter of 2016, an increase of 11 per cent compared to the third quarter of 2015. Earnings-per-sha

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Abu Dhabi National Insurance swings to Q3 profit

Abu Dhabi National Insurance Company (Adnic) has reported a net profit of Dh143.5 million ($39 million) for the third quarter compared to a net loss of Dh331 million ($90 million) for the same period last year. Announcing its fina

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Bank ABC Islamic Q3 profit up 18pc

Bank ABC Islamic today announced that its net profit for the third quarter was $6.1 million, 18 per cent higher than the net profit of $5.2 million reported for the same period last year. Net profit for the first nine months of 2016 was

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Emirates Group H1 profits slide 64pc to $364m

The Emirates Group today reported a net profit of Dh1.3 billion ($364 million) for the first six months of its 2016-17 financial year, down 64 per cent compared to the same period last year. The group held steady on revenue, but p

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Dana Gas Q3 profits up at $13m

Dana Gas, the Middle East’s largest regional independent natural gas company, today reported a third quarter net profit of $13 million, compared to a net loss of $9 million in the corresponding period in 2015. The nine-month

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