Friday 21 November 2014
 
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Revenues

Etihad Airways revenues hit $1.8bn in Q3

Etihad Airways, the national airline of the UAE, has reported total revenues of $1.8 billion for the third quarter of 2014, an increase of 29 per cent year-on-year, achieved on the back of accelerated passenger and cargo growth during the summer

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Shuaa Capital Q3 net profit jumps six-fold

Dubai's Shuaa Capital third-quarter net profit increased six-fold due to improved performance from its asset management and investment banking businesses, it said in a statement on Monday. Net profit in the three months ending

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Deloitte Middle East hires 700 new staff

Deloitte Middle East, a leading provider of audit, tax, consulting, and financial advisory services, hired 700 new people this year while continuing to deliver double digit growth, said the company’s chairman and chief executive.

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Aldar hotel revenues up 13pc in H1

Aldar Properties, a leading property development, investment and management company in Abu Dhabi, UAE, said revenues from its hotel portfolio reached Dh283 million ($77.03 million) for the first six months of 2014, an increase of 13.1 per cent c

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Dunia Finance H1 profits up 49pc

Dunia Finance, a leading UAE based finance company, has posted a net profit of Dh82.6 million ($22.486 million) for the six month period ending June 30, up 49 per cent from Dh55.6 million for the same period last year. The company

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ADIB Egypt swings to $14.5m profit in 2013

Abu Dhabi Islamic Bank (ADIB) Egypt has reported a net income of EGP103 million ($14.5 million) for the year ending December 31, 2013, compared to EGP855 million loss in 2012. The bank reported gross revenues of EGP580 million, wi

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Dubai developer Damac profits triple to $641m

Dubai luxury real estate developer Damac tripled its 2013 net profit and plans more new projects this year, it said on Tuesday, dismissing growing concerns of a new property bubble in the emirate's real estate market. Property

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Kuwait faces hard sell as it eyes cut in subsidies

Kuwait's policymakers face the uphill challenge of convincing citizens that despite hefty oil revenues, one of the world's richest countries per capita needs to reduce spending to avoid a potential damaging budget deficit later this deca

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Konica Minolta posts $4.5bn sales

Konica Minolta has recorded revenues of more than Dh16.5 billion ($4.5 billion) in sales for the first half of financial year 2013/14. With a global workforce of 41,800 employees, the brand continues to play a leading role in each

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Dubai hotel revenues top $3 billion

Revenues for hoteliers and hotel apartment operators in Dubai reached Dh11.62 billion ($3.16 billion) in the first half of this year, up 18.5 per cent on H1 2012, while the city drew more than 5.5 million tourists during the period.

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