Tuesday 4 August 2015
 
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Revenues

UAE to cut state spending by 4.2pc

The government of the United Arab Emirates is expected to cut spending by 4.2 per cent this year because of low oil prices, which are slashing its energy export revenues, a central bank report said on Monday. The UAE does not regu

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Mobile gaming market to top $7bn in SE Asia

The mobile game industry in Southeast Asia is the fastest growing region globally, a report said, noting that the market surpassed $1 billion in 2014, and is on track to top $7 billion by 2019 growing at a CAGR of 48 per cent. Rev

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Mobile gaming market to top $7bn in SE Asia

The mobile game industry in Southeast Asia is the fastest growing region globally, a report said, noting that the market surpassed $1 billion in 2014, and is on track to top $7 billion by 2019 growing at a CAGR of 48 per cent. Rev

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ADIB Q1 profit up 10pc on higher revenues

Abu Dhabi Islamic Bank (ADIB) on Sunday posted a 10.1 per cent rise in first-quarter net profit, helped by higher revenues. ADIB made a net profit of Dh450.8 million ($122.8 million) in the quarter to March 31 compared to Dh409.5

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Lebanon’s revenues to hit $10.6bn in 2014

Lebanon’s public revenues are likely to hit L£16 trillion ($10.6 billion) in 2014, posting double-digit growth from L£14.2 trillion ($9.2 billion) last year, said a report. The rise in revenues is also seen swing

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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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