Saturday 29 April 2017
 
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2017

Etisalat posts net profit of $572m for Q1

UAE-based telecom Etisalat Group has posted a net profit after royalty of Dh2.1 billion ($572 million) for the first quarter of the year resulting in a net profit margin of 17 per cent and year-over-year increase of five per cent.

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Alba’s Q1 net income jumps 506pc to $68 million

Aluminium Bahrain (Alba), a leading global aluminium smelter, posted a net income of BD25.6 million ($68 million) in the first quarter of 2017, compared to BD4.2 million ($11 million) in Q1 2016, a 506 per cent increase year-on-year (YoY).

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NBAD, First Gulf profit surges 12.4pc in Q1

The National Bank of Abu Dhabi and First Gulf Bank reported Dh2.93 billion ($797 million) in net profits for the first quarter of 2017, a 12.4 percent growth from Dh2.60 billion over the same period last year, a report said. The p

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Emirates NBD Q1 net profit hits $509m

Emirates NBD, a leading bank in the region, posted net profit of Dh1.87 billion ($509 million) for the first quarter of 2017, marking a rise of 4 per cent year-on-year (y-o-y) and 1 per cent quarter-n-quarter (q-o-q). The operatin

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QNB Group’s Q1 net profit up 12pc

Qatar'sQNB Group, the largest financial institution in the Middle East and Africa (MEA) region, has posted a net profit of QR3.2 billion ($0.9 billion) for the first quarter of 2017, up by 12 per cent compared to previous year.

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Will 2017 signal upstream to start spending big again?

The future of upstream energy 2017 has started on a more optimistic note than what we have seen in the past couple of years. If we consider where we were this time last year we had oil prices under $30 per barrel. The optimism tha

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Exhibitors sign billion dollar contracts at ‘Deal 2017’

International Expo Consults (IEC), a branch of Falak Holding, stated that exhibitors at this year’s Dubai Entertainment and Amusment Leisure (Deal) show have signed contracts worth over $1.66 billion dollars. The Deal show g

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Dubai real estate transactions hit $21bn in Q1

The value of real estate transactions in Dubai, UAE, reached Dh77 billion ($21 billion) through 20,000 deals during the first quarter of 2017, said Sultan Butti bin Mejren, director general of Dubai Land Department. Bin Mejren exp

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UAE airports forecast 6.3pc passenger growth in 2017

Despite sluggish global economic growth, low oil prices, ‘Trumponomics’ and Brexit, the UAE will lead Middle East passenger growth in 2017 with an annual increase of more than 6.3 per cent, according to estimates from the Internation

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Top 6 cities to visit in 2017

The year 2017 promises to be an exciting year for travel that has shifted focus on global cities with amazing attractions and cultural delights to experience. A trending travel concept is combining a vacation in a city for a few d

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