Friday 23 February 2018
 
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2017

UAE banks' assets hit $734 billion in 2017

The UAE-based banks' total assets surged to Dh2.693 trillion ($734 billion) at the end of 2017 from Dh2.642 trillion by the end of Q3 in the same year, continuing to lead GCC-based banks in terms of assets for the third year running.

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Flydubai revenues hit $1.49bn in 2017

Flydubai's total revenue for the year 2017 hit Dh5.5 billion ($1.49 billion), jumping 9.2 per cent compared to the same period in 2015, with profits reaching Dh37.3 million ($10.1 million). The airline also recorded a 5.5 per

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Bahrain EDB records $733m investments in 2017

The Bahrain Economic Development Board (EDB) announced a record year for inward investment in 2017, having attracted 71 new companies to Bahrain with investments amounting to BD276 million ($733 million). This is expected to incre

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Emaar Properties 2017 operating profit tops $1.5bn

Emaar Properties recorded a net operating profit of Dh5.704 billion ($1.553 billion) during 2017, a growth of 16 per cent over the figure of Dh4.917 billion ($1.339 billion) posted in the previous year. Total revenue for 2017 incr

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Alba net income up 91pc to $245.9m in 2017

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, generated a net income of BD92.5 million ($245.9 million) in 2017, up 91 per cent compared to BD48.4 million ($128.7 million) in 2016. For the fourth quarter of 2017,

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Alba net income up 91pc to $245.9m in 2017

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, generated a net income of BD92.5 million ($245.9 million) in 2017, up 91 per cent compared to BD48.4 million ($128.7 million) in 2016. For the fourth quarter of 2017,

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Zain 2017 net profit up 2pc to $527m

Zain Group, a leading mobile telecom operator across the region, has posted a consolidated net profit of KD160 million ($527 million) for 2017, reflecting an increase of two per cent over the previous year. This marks earnings per

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Dubai welcomes record 15.8m tourists in 2017

Dubai recorded a strong 6.2 per cent year-on-year increase in international overnight visitation in 2017, accelerating the 5 per cent growth witnessed in the previous year and propelling the emirate’s momentum towards its 2020 goal of welc

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Dubai Hospital completes 400 major surgeries in 2017

The Dubai Health Authority (DHA) has revealed that the cardiothoracic surgery Department at Dubai Hospital has conducted more than 400 major surgeries in 2017. Among the major surgeries, 75 per cent were coronary artery bypass (CA

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DP World terminals handle 70m TEU in 2017

DP World Limited handled 70.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2017, with gross container volumes growing by 10.1 per cent year-on-year on a reported basis.

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