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GCC listed banks post record $14.8bn net profit in Q2: KamcoNet income reported by listed banks in the GCC reached a new record high during Q2-2024 with aggregate net profits hitting $14.8 billion as compared to $14.4 billion during the previous quarter, resulting in a q-o-q growth of 2.6%. More… |
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Air Arabia reports net profit of $72 million in Q1 2024Announcing its first quarter 2024 financial and operational results, Air Arabia said it has posted a net profit of AED266 million ($72 million) for the first three months ending March 31, 2024, a report said. The airline said the Q1 net More… |
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United Arab Bank reports net profit of $18 million for Q1United Arab Bank has announced its financial results for the three months ended March 31, 2024, reporting a net profit after tax of AED68 million ($18 million) for the first three months in 2024 as compared to net profit of AED55 million for the More… |
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Adnic posts record net profits of $109 million in 2023Announcing its financial results for the full year ended December 31, 2023, Abu Dhabi National Insurance Company (Adnic) posted a record AED 401.2 million ($109 million) net profits, marking a 12.18% increase over the same period in 2022. More… |
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United Arab Bank posts $69 million in FY 2023 net profitsUnited Arab Bank (UAB) posted a net profit of AED255 million ($69 million) for the full year ending December 31, 2023, compared to a net profit of AED155 million in 2022, an increase of 65%, a report said. The profit growth is as a resu More… |
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Majid Al Futtaim's H1 revenue slides 10pc to $4.25bnMajid Al Futtaim, a retail and leisure pioneer across the region, has registered revenues of AED15.6 billion ($4.25 billion) during the first half (H1) of the year, a year-on-year decrease of 10% despite the pandemic’s impact on its operat More… |
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Majid Al Futtaim's H1 revenue slides 10pc to $4.25bnMajid Al Futtaim, a retail and leisure pioneer across the region, has registered revenues of AED15.6 billion ($4.25 billion) during the first half (H1) of the year, a year-on-year decrease of 10% despite the pandemic’s impact on its operat More… |
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SNC-Lavalin Q4 net profit hit by Saudi-Canada rowCanadian engineering firm SNC-Lavalin has written down $910 million in oil and gas assets amid continuing uncertainty over trade relations with Saudi Arabia, said a report. The Canadian engineering giant had picked up a string of More… |
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SNC-Lavalin Q4 net profit hit by Saudi-Canada rowCanadian engineering firm SNC-Lavalin has written down $910 million in oil and gas assets amid continuing uncertainty over trade relations with Saudi Arabia, said a report. The Canadian engineering giant had picked up a string of More… |
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Aramex Q3 net profit up 13pc to top $22mAramex , a leader in the global logistics and transportation industry, has posted a net profit of Dh81.6 million ($22.2 million) for the third quarter of the year (Q3), up 13 per cent from Dh72.2 million in Q3 2016. Revenues in th More… |
