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Saudi firm delays Sudan deal over dollar curbsA Saudi firm will hold off its planned project in Sudan to produce wheat and other basic food items until the government eases a ban to repatriate profits, its head said on Monday. Sudan, prized for its fertile land and easy acces More… |
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Airbus ‘more confident’ on A350 as profits riseAirbus expressed growing optimism about the schedule for the keenly-awaited maiden flight of its A350 on Tuesday, amid speculation that its first new jet in almost a decade could debut before next month's Paris air show. Scoop More… |
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Ooredoo posts $221m net profit for Q1Ooredoo (formerly Qatar Telecom), the leading telecom operator in Qatar, has posted a net profit of QR808 million ($221.7 million) for the first quarter (Q1) of the year as against QR711 million for the same period last year, marking a rise of 1 More… |
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Benefit set to reshape strategyThe current year will be one of reshaping Benefit Company's three-year corporate direction and strategy to take the company forward to new prospects, a report said. In a statement issued after the annual general meeting, the c More… |
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Gulf Hotels books highest yearly profit in 2012Gulf Hotels Group yesterday announced record net profit of BD10.106 million ($26.81 million) for last year, the highest results achieved by the group since its inception 45 years ago. The group achieved a total gross operating rev More… |
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Dubai hotels top Mena with highest profitsHotels in Dubai showed a monthly rise of 13.8 per cent in operating profit per room to $240.46 during 2012, marking them with the highest profits in the region for the third consecutive year, a report said. Bottom line performance More… |
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Profits up, but Britain gets less tax from big firmsBig companies in Britain now pay less tax than they did 12 years ago despite a big jump in profitability, a Reuters analysis of official data shows. Tax campaigners say the trend is the clearest signal yet that tax avoidance has b More… |
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NBAD plans acquisitions in expansion abroadNational Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, is looking at acquisitions as part of a plan to more than double the proportion of profits it makes from abroad over the next ten years. The majority More… |
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Mawashi H1 profit more than doubles to $11mMawashi, a cutting-edge livestock company in Qatar, has posted net profits reaching QR41.7 million ($11.45 million) during the first half of 2012, compared to QR18.5 million over the same period last year, its CEO said. Ahmad Nasser Sra More… |
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GCC banks back on growth pathThe banking industry in the Middle East experienced a healthy revenue growth of 7 percent in 2011, after revenues had stagnated the year before, a new study by The Boston Consulting Group (BCG) said. Profits also increased significantly in More… |
