Saturday 13 February 2016
 
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Equate registers net profit of $739m

Equate Petrochemical Company, Kuwait’s first international joint-venture in the industry, has registered a net profit of $739 million for the fiscal year ending December 31, in comparison to $1.04 billion achieved in 2014. &

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Finance House posts $16.7m net profit

Abu Dhabi-based Finance House, a leader in commercial and retail financing, financial services and investments, has reported a consolidated net profit of Dh61.7 million ($16.7 million) for 2015, slipping from Dh73.3 million ($19.9 million) achie

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Zain Bahrain net profit up 24.3pc

Bahrain Bourse-listed Zain Bahrain has reported an increase of 24.3 per cent in net profit at BD5.147 million ($13.616 million) for the year ended December 31 when compared with BD4.142 million in 2014. In a statement the telecoms firm said th

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Al Baraka Egypt profit surges 18pc

Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Group (ABG), has reported an 18 per cent rise in net profit for last year at $35 million. A statement said total assets increased by 30 per cent, financing and investments portfolio

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Audi Bank net profit rises 15pc to $403m

Audi Bank, Lebanon's biggest lender by assets, posted a 15 per cent rise in 2015 net profit to $403 million from the previous year due to improved performance in key regional markets and earnings growth in its domestic operations, it said

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NBB net profit surges 3.4pc to $147m

National Bank of Bahrain (NBB) achieved a net profit of BD55.26 million ($146.97 million) in 2015, compared with BD53.44 million ($142.12 million) in 2014, an increase of 3.4 per cent. For the fourth quarter of 2015, the bank recorded a net pr

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Dar Al Arkan Q4 net profit falls 57.9pc

Dar Al Arkan, a leading property developer in Saudi Arabia, reported a 57.9 per cent fall in fourth-quarter net profit on Thursday.    Arkan made a net profit of SR48.7 million ($13 million) in the three mon

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NBK registers $929m net profits, up 7.8pc

National Bank of Kuwait (NBK) has posted net profits of $929.7 million (KD282.2 million) for last year, compared with $862.6 million (KD261.8 million) the previous year, growing 7.8 per cent year-on-year.   The t

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Al Tayyar Travel Group Q4 net profit dips 6.9pc

Saudi Arabia's Al Tayyar Travel Group posted a 6.9 per cent fall in fourth quarter net profit on Wednesday. The company made a net profit of SR215 million ($57.3 million) in the three months to December 31, down from SR231 million (

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Qatar's Masraf Al Rayan Q4 net profit down 3pc

Masraf Al Rayan, Qatar's second-largest bank by market value, reported a 3 per cent fall in fourth-quarter net profit on Monday, according to Reuters calculations. Net profit for the three months to December 31 was QR559 milli

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