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ADCB Q1 Net Profit Beats Estimates, Up 38 Percent

ADCB Q1 Net Profit Beats Estimates, Up 38 Percent

The bank posted a net profit of 802 million dirhams ($218.52 million) in the first quarter, compared with 583 million dirhams a year earlier, ahead of analysts' forecasts.

April 25, 2012 10:17
 
Dubai Plans for 5 And 10 Year Sukuk Imminent

Dubai Plans for 5 And 10 Year Sukuk Imminent

The government of Dubai plans to issue a benchmark Islamic bond, or sukuk, made up of a five-year and a 10-year tenor, arranging banks said on Tuesday.

April 24, 2012 2:58
 
Aramex Q1 Net Profit Rises 22 Percent

Aramex Q1 Net Profit Rises 22 Percent

Aramex posted a 22 percent rise in first-quarter net profit on Tuesday, driven by higher revenue from the Gulf and contributions from its recent South African acquisition

April 24, 2012 9:12
 
Dubai's Arabtec Says Unit in $137 Million Contract Win

Dubai's Arabtec Says Unit in $137 Million Contract Win

An Arabtec Holdings unit has won three contracts in Qatar and the UAE worth $137.22 million, the Dubai builder said on Monday. The largest of the contracts, worth a combined AED504 million, is from Qatar Petroleum for the construction of a workers facility to be built over three years, according to a statement

April 23, 2012 4:25
 
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