Business & Money | Thursday 1 August, 2019 11:19 am

Dubai Investments reports 17% increase in second quarter profits

Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, reported profit of AED 151 million for the second quarter of 2019, an increase of 17% when compared to the same period last year.   Profit for the first six months of the...

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Business & Money | Thursday 1 August, 2019 11:18 am

FIDU PROPERTIES DRIVES INTERNATIONAL INVOLVEMENT IN THE UAE MARKET

  WITH A SPREAD OF ROADSHOWS ACROSS THE MIDDLE EAST, AFRICA AND ASIA FIDU properties, the Chinese real estate brokerage company, is set to execute numerous international roadshows across the globe in the second quarter of the 2019 calendar year, with India, China, Egypt and Lebanon being ...

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Business & Money | Thursday 1 August, 2019 7:52 am

Housing Bank total income increased by 2.3% to reach JD179.9m in first half

The Housing Bank for Trade and Finance, the most widespread bank in the Kingdom, reported a total income of JD179.9 million from the beginning of the year to June 30, 2019 — a 2.3 per cent increase over the JD175.9 million reported last year during the same period.  Net interest and...

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Business & Money | Thursday 1 August, 2019 7:28 am

Arab Potash reports 48% revenue growth in first half of year

The Arab Potash Company (APC) has announced that its net profit after taxes, provisions and royalties amounted to JD78.2 million during the first six months of 2019, recording an increase of 48 per cent from the JD52.7 million generated during the same period last year. In a statement on...

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Business & Money | Thursday 1 August, 2019 7:16 am

Royal Jordanian CEO says first half results show significant improvement in performance indicators

For the first time since 2007, Royal Jordanian (RJ) registered JD3.4 million profit from continuing operations in the first half of 2019 against JD11.1 million loss for the same period in 2018 and a net profit of JD1.5 million, according to RJ CEO Stefan Pichler. During a press conference held...

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Business & Money | Thursday 1 August, 2019 1:30 am

NCB achieved SAR 6.2 billion net income for the First Half of 2019,

The National Commercial Bank announced that its net income before calculating Zakat and income tax for the first half of 2019 reached SAR 6,239 million compared to SAR 5,653 million for the same period of the previous year, with an increase of SAR 585 million and a growth of 10.4%. Moreover,...

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Business & Money | Thursday 1 August, 2019 12:11 am

MEFIC Private Equity Opportunities Fund 3 acquires a 44% stake in MERAS ARABIA MEDICAL HOLDING COMPANY, a leading chain of cosmetic dermatology clinics in KSA

MEFIC Capital, in its capacity as fund manager of MEFIC Private Equity Opportunities Fund 3 (the “Fund”), has successfully completed an investment in Meras Arabia Medical Holding Company (the “Company” or “MERAS”), a leading chain of cosmetic dermatology and...

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Business & Money | Wednesday 31 July, 2019 4:49 pm

ENGIE sign a 30 MWp solar PV contract to supply power to NADEC in KSA

NADEC launched the project to provide electricity from a dedicated 30 MWp solar PV facility in NADEC City, in the Haradh region (265 kms South-East from Riyadh) with the primary objective of supporting its energy transition process. The implementation of this project is expected to reduce...

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Business & Money | Wednesday 31 July, 2019 1:23 pm

Capitalizing on the massive MICE & luxury travel market in India, the MILT Congress gathered industry stalwarts in Mumbai & Delhi

The 7th Annual MICE India and Luxury Travel Congress 2019 successfully concluded last week with some path breaking discussions that highlighted the   importance of ‘out of the box initiatives’, hyper- personalization, understanding budgeting realities and creating...

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Business & Money | Wednesday 31 July, 2019 9:05 am

Northern Trust Appointed by Introspect Capital to Provide Global Custody and Brokerage Solutions

Dubai-based asset manager Introspect Capital has appointed Northern Trust (Nasdaq: NTRS) to provide global custody and brokerage services. Through its asset servicing and global capital markets capabilities, Northern Trust is helping drive efficiencies for Introspect Capital across its...

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