Tuesday 16 September 2014
 
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Jeddah hotels post highest ADR rise in March

Hotels in Jeddah, Saudi Arabia, reported the highest increase of 8.5 per cent to $247.56 in average daily rate (ADR) in March this year, compared the same period last year, in the Middle East/Africa region, according to data compiled by STR Glob

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Emirates Investment Bank profits up 48pc in Q2

Emirates Investment Bank, an independent Dubai-based private investment bank, has reported Dh12.3 million ($3.3 million) net profit in the second quarter of 2013, up 48 per cent as compared to Q2 last year. It said the bank's

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Emirates Group H1 net profit soars 68pc

The Emirates Group said it has registered a solid net profit in the first half  which touched Dh2.1 billion ($575 million), up 68 per cent compared to Dh1.3 billion last year despite continued global economic pressure and continued high fue

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Corporate results weigh on Saudi stocks

  Saudi Arabia's stock market declined for a second straight day on Sunday as disappointment over third-quarter corporate earnings weighed.   Having recorded its biggest one-day drop in over fou

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Gulf bourse weak as Egypt awaits poll results

Gulf bourses have mixed cues on Sunday with global markets recouping losses on Friday, amid lingering caution on the outlook, but Saudi Arabia's exchange experienced a sell-off the previous day. Oil bounced from 18-month lows on Friday

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Google results fall short of expectations

Google's  quarterly results fell short of Wall Street's heightened expectations for the holiday season as declining search advertising rates contributed to a rare miss, triggering a 9 percent slide in its shares.  The No. 1 Inter

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Egypt vote result delayed to Thursday

The result of a first-round vote in Egypt's first parliamentary election since the overthrow of Hosni Mubarak will be announced on Thursday, state television said, a day later than planned. The High Elections Commission is still unable to

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Dubai Holding unit delays 2009 results again

Dubai Holding Commercial Operations Group (DHCOG), a unit of the conglomerate owned by Dubai's ruler, said it was delaying its full-year results again due to complexities in consolidating results of its units. The company said in April

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Trading in Dubai Holding unit halted until '09 results

Dubai Holding Commercial Operations MTN, the listed sukuk vehicle of the conglomerate owned by Dubai's ruler, on Sunday requested its listing to be suspended until the release of the company's annual report and results. Earlier in

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Commercial Bank of Qatar Q4 net up 33 pc

Commercialbank, the largest private sector bank in Qatar, said its net profit for the fourth quarter of 2009 soared to QR1.52 billion ($417.4 million), up 33 per cent when compared to last year despite challenging market conditions. Announ

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