Tuesday 21 October 2014
 
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GPIC achieves key Q3 targets

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has achieved targeted results for the third quarter of the year in spite of the extremely harsh temperatures during the summer. In a statement, company president Dr Abdulr

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GPIC achieves key Q3 targets

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has achieved targeted results for the third quarter of the year in spite of the extremely harsh temperatures during the summer. In a statement, company president Dr Abdulr

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Saudi Electricity Q2 profit jumps 144pc

Saudi Electricity Co (SEC) , the Gulf's largest utility firm, reported a 144 percent jump in its net profit for the second quarter on Monday, beating analysts' forecasts because of a one-time gain. It made 3.66 billion riy

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Saudi Electricity Q1 net loss widens 39pc

Saudi Electricity Co (SEC) reported a significant widening of its net loss for the first quarter on Sunday, as the utility saw costs increase and the value of some of its fixed assets decline. It lost 913 million riyals ($243.4 mi

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DFM reports 96.7pc disclosure of annual results

Dubai Financial Market (DFM) said its UAE listed companies have shown a 96.7 percent compliance to disclose their annual results for 2013 within the three-month deadline from the end of the financial year.   As m

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Saudi’s Nitaqat ‘fails to achieve results’

Saudi Arabia’s Shura Council members said the Labour Ministry’s Nitaqat programme has failed to achieve the desired results, according to a report. “Companies manipulate the system to give the impression that the

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DFM reports 100pc disclosure of Q2 results

Dubai Financial Market (DFM) has revealed that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of Q2-2013 results within the deadline of 45 days from the end of the period.

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DFM achieves 97.6pc result compliance

Dubai Financial Market (DFM) said its UAE-listed companies have shown a 97.6 per cent compliance to disclose their annual results within the deadline of three months from the end of the financial year. According to the Dubai bourse, 42 out

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UIC posts H1 profit of $3.43m

United Industries Company (UIC), a member of Kuwait Projects Company Group (Kipco), posted net profits of KD941,050 ($3.43 million) for the first half of 2011. Announcing these results, chairman and CEO of UIC Essa Khalid Al Essa said tha

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Zain Saudi posts smaller Q2 loss

Zain Saudi Arabia  reported a lower net loss in the second quarter compared with a year earlier as it widens its customer base in the kingdom, the wireless carrier said on Sunday. Zain Saudi Arabia made a net loss of 448 million riyal

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