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  • 200-arabtec

    Dubai builder Arabtec suffers first loss since 2009

    Net loss is 11.6 mln dirhams; Revenue 1.3 bln dirhams vs 1.2 bln yr-ago; Gross margins drop 9.9 percent year on year; Shares close down 4 pct on Dubai bourse

    August 9, 2012 10:30
  • UAEs-Aldar-Sorouh-merger

    Aldar properties net profit beats forecast

    Aldar Q2 net profit 417.9 mln dirhams; Revenue at 4.6 bln dirhams vs 775.6 mln dirhams; Co says yet to receive 12 bln dirhams from govt; Merger talks with Sorouh under way

    August 9, 2012 10:09
  • 200-telecom-egypt

    Telecom Egypt says second quarterly net profit drops 25 percent

    Landline monopoly Telecom Egypt reported a 25 percent drop in second-quarter net income on Wednesday, pushed lower by weaker revenue and employee demands for higher pay since the country's president was overthrown in a popular uprising.

    August 8, 2012 4:27
 
 
  • China ICBC

    China’s ICBC wins Saudi branch licence

    Saudi Arabia has decided to let Industrial and Commercial Bank of China, the largest Chinese commercial bank, open a branch in the country, a sign of growing economic ties between the world's top oil exporter and second-biggest oil consumer, local media said.

    August 8, 2012 4:24
  • 200-qnb

    Qatar national bank signs $1.8 billion loan

    Qatar National Bank, the Gulf Arab state's largest lender, signed a $1.8-billion three-year loan after completing a syndication process orchestrated by five international banks, it said on Wednesday.

    August 8, 2012 4:21
  • Abu-Dhabi-Airport

    Abu Dhabi airport contractors near $1.1 billion finance deal

    The consortium building Abu Dhabi's new airport terminal is close to securing a 4-billion dirhams ($1.1 billion) financing deal, which will be mainly sharia-compliant, banking sources said on Wednesday.

    August 8, 2012 4:20
 
 
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