Third quarter revenues propel Waha capital into profit
Third quarter performance moves Public Markets division’s flagship funds into positive returns for the year Private Investment division contributes improved…
Financial Results
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Kuwait’s $124bn pension fund plans infrastructure boost
Kuwait’s $124bn pension fund, which posted a record first-half profit, plans to double its infrastructure investment and boost exposure to…
Aldar Q3 2020 revenue up 30% to AED 2.1 billion and net profit up 8% to AED 416 million driven by record quarter for development business
Development business delivers record quarterly revenues of AED 1.29 billion in Q3, up 101% year-on-year Record quarter for development sales…
SICO reports BD 1.7 million net profit in the first mine months of 2020
SICO BSC (c),has announced its consolidated results for the third quarter and nine-month period ended 30 September 2020. On…
Dubai's Emaar Malls reports net profit
Emaar Malls, majority-owned by Emaar Properties, on Tuesday reported net profits of Dh586 million for the period ending 30 September…
Mashreq posts $95.8mln net profit for 9 months
Mashreq has posted a sharp decline in net profit to AED352 million ($95.8 million) in the first nine months of…
Dubai's private sector output slips to a five-month low in October, IHS Markit finds
Private sector activity in Dubai dropped to its lowest point in five months during October, hampering economic recovery from the…
Saudi Aljazira Takaful reports 14% profit decline in Q3
Aljazira Takaful Taawuni Company reported on Sunday a 13.8% annual slump in quarterly profits to SAR 7.9 million. This…
Praemium doubles down on Dubai
Managed accounts platform Praemium is set to increase headcount in the UAE by 50%. The Australia-headquartered firm is growing…
Surge in high net worth Gulf nationals in the UK
High net worth individuals from Gulf countries have been increasingly moving to the UK, according to private wealth law firm…
Mashreq Bank's nine-month 2020 net profit down to Dh352m from Dh1.76b
Mashreq Bank saw a sharp drop in net profit for the first nine months of 2020 to total Dh352 million,…
Egypt expects 3.3% economic growth in 2020/21 fiscal year
Egypt expects its economy to grow by 3.3% in the financial year that began in July, but growth could range…