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2014

Aramex 2014 revenue edges up 5pc

Aramex, a leading global provider of logistics solutions, has posted revenues of Dh3.83 billion ($1.04 billion) for 2015, marking an increase of 5 per cent over the revenues of Dh3.64 billion for the previous year. Revenues in the

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UAE aid worldwide tops $47bn in 44 years

The value of developmental, humanitarian, and charity aid extended by the UAE from 1971 to 2014 stands at Dh174 billion ($47.36 billion), covering 21 sectors in 178 countries worldwide, according to a new report. These statistics

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GCC petrochemical exports hit $62bn in 2014

GCC petrochemical companies exported a record 67.2 million tonnes of chemicals valued at $62 billion in 2014, according to the latest industry report by the Gulf Petrochemicals and Chemicals Association (GPCA). According to the GC

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Mumtalakat gross profit surges 65pc to $477m

Bahrain Mumtalakat Holding Company, the investment arm of the kingdom, has announced that its full-year results for 2014 reflected another solid financial and operational performance across the group, constituting of 38 portfolio companies.

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Trust Re logs 13.7pc growth in 2014 premium

Trust Re, a reinsurance company based in Bahrain achieved gross written premium of $452.6 million during the financial year 2014, as against $398 million in the previous year, marking a growth of 13.7 per cent. The Group’s p

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Mubadala 2014 profit plunges 28pc

Mubadala, an Abu Dhabi state-owned fund, today said its 2014 net profit dropped 28.7 per cent due to lower income from financial investments and impairments on oil and gas assets. The fund said in a statement it made a net profit

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Adnic swings to $76m loss in 2014

Abu Dhabi National Insurance Company (Adnic) has reported a net loss of Dh280 million ($76.2 million) for the year 2014 as compared to net profit of Dh156 million ($42.4 million) during the previous year. Net Investment Income inc

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Reem Investments profit jumps 61pc to $66m

Reem Investments, one of the leading investment companies in Abu Dhabi, announced a net profit of Dh245 million ($66.7 million) for the financial year 2014, an increase of 61 per cent from 2013 at its recent annual general meeting.

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City Centre Muscat logs 10m visitors in 2014

City Centre Muscat, the largest lifestyle shopping destination in Oman, recorded more than 10 million visitors in 2014, representing a seven per cent increase over the previous year. Retailers at the mall, owned and operated by Ma

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NBK-Bahrain 2014 net profit up 27pc to $145m

National Bank of Kuwait-Bahrain (NBK Bahrain), the subsidiary of NBK Group in Bahrain, reported net profits of $145 million for the year 2014 compared with $114 million in 2013, a growth of 27 per cent year-on-year. As of end of 2

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