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2015 profit

Rasmala 2015 profit drops 58pc

Rasmala, an independent investment management group, has posted a profit of £0.25 million ($363,500) for 2015 as compared to £0.6 million during the previous year, marking a fall of 58.3 per cent. Operating income befo

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Bank of Sharjah profit down 13pc for 2015

Bank of Sharjah has posted a net profit of Dh250 million for the year ending December 31, 2015 as against Dh286 million for the previous year, marking a decline of 13 per cent. Operating income stood at Dh833 million for the year,

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Union Insurance posts 28pc rise in 2015 premium

UAE-based Union Insurance Company has reported gross written premium of Dh681 million ($185 million) for the year 2015, marking a 28 per cent increase compared to Dh532 million reported for the same period last year. “Our am

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DP World 2015 revenue tops $3.9bn, up 16.3pc

Dubai-based DP World, a leading enabler of global trade, has posted revenue of $3.9 billion for 2015, as against $3.4 billion during the previous year, marking an increase of 16.3 per cent. Adjusted EBITDA increased 21.4 per cent,

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Royal Jordanian swings to profit

Royal Jordanian (RJ), the national carrier of the kingdom, registered a net profit before tax of JD21 million ($29.5 million) in 2015, while in 2014 it had registered JD49.5 million net losses before tax. The net profit after tax

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Taqa Morocco 2015 net profits up 20.9pc

Taqa Morocco's 2015 net profit attributable to shareholders rose by 20.9 per cent to MD966 million ($97.72 million), the power company said in a statement on Thursday. Owned by Abu Dhabi National Energy Co., Taqa Morocco opera

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GIB 2015 net profit up 5.6pc to $90.4m

Gulf International Bank has posted a net income after tax of $90.4 million for 2015, compared to $85.6 million in the prior year, representing a 5.6 per cent year-on-year increase. Total income at $308 million was $50.4 million or

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Barwa Real Estate swings to Q4 net loss

Qatar's Barwa Real Estate, one of its largest listed developers, swung to a loss in the fourth quarter, according to Reuters calculations. Barwa made a net loss of QR518 million ($142.3 million) in the three months to December

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Emaar Malls 2015 profit jumps 23pc to $451m

Emaar Malls, the retail business majority-owned by property developer Emaar Properties, recorded a net profit of Dh1.656 billion ($451 million) for 2015, as against Dh1.351 billion in the previous year, a rise of 23 per cent. Fina

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Commercial Bank of Qatar 2015 net hits $389m

Commercial Bank of Qatar earned a net profit of QR1.458 billion ($389 million) in the year ending Dec. 31, against a profit of QR1.94 billion a year ago, the bank said in a statement. CBQ, which also owns Alternatifbank in Turkey

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