 
Financial Services - News
Amlak seeks loan extension
(Bloomberg - 22/05/2013) Amlak Finance, the Islamic mortgage provider restructuring more than $2 billion of loans, proposed to extend the maturity of the debt by 15 years and reduce the amount by 30 per cent, two people familiar with the matter said. The Dubai-based company ...
Al Baraka summit to discuss financial trends
(Trade Arabia - 20/05/2013) Al Baraka Banking Group (ABG) will hold its 34th symposium for the Islamic economy at Hilton Hotel, Jeddah, in July to discuss emerging banking and financial trends. "I thank ABG chairman Shaikh Saleh Abdullah Kamel, for the adoption, management, ...
DFM achieves 100 per cent compliance in Q1 results disclosure
(Press Release - 20/05/2013) Dubai Financial Market (DFM) today announced that its UAE listed companies have showed a 100% compliance to disclose their Q1- 2013 results within the deadline of 45 days from the end of the first quarter. 42 UAE public joint stock companies listed on ...
Dubai Financial Market honors the winners of its Annual Stock Game
(Press Release - 19/05/2013) Dubai Financial Market (DFM) today announced the conclusion of its 11th Annual Stock Game, the most popular educational initiative amongst school and university students in the UAE, aiming at fostering the new generation’s investment culture. Prizes, ...
Ithmaar returns to profitability
(Press Release - 15/05/2013) Ithmaar Bank, a Bahrain-based Islamic retail bank announced today (ed note: 14/05/13) a return to profitability and reported a profit of BD540thousand for the first quarter of 2013, compared to a loss of BD170thousand in the same period last year. The ...
UGB announces first quarter net profit
(Press Release - 15/05/2013) United Gulf Bank B.S.C. ("UGB") has announced a net profit attributable to the shareholders of the parent of US$ 6.5 million for the first quarter of 2013 compared to US$ 9.1 million in the first three months of 2012, a decrease of 28.9%. Key Financial ...
KAMCO sees net profit grow 60 per cent in Q1
(CPI Financial - 14/05/2013) The company recorded a net profit of KWD 0.703 million with earnings-per-share (EPS) of 2.95 fils in Q1 2013, compared to KWD 0.404 million with EPS of 1.68 fils during the same period of 2012. KAMCO achieved significant Operational Profit growth of 160 ...
Ominvest Unaudited Q1 2013 Financial Statements
(Press Release - 14/05/2013) Ominvest has declared its Group and Parent Company unaudited financial statements for the three month period ended 31 March 2013. Arabic and English copies have been posted on the MSM website. The Group recorded a profit of RO 7.81m vs. RO 7.41m in the ...
SHUAA Reports Q1 2013 Results
(Press Release - 14/05/2013) SHUAA has started the year well, reporting the best bottom line result since June 2011. The financial impact of the turnaround programme is evident in the consistently improving bottom line. Revenues were AED 36.2 million down from AED 55.0 million on ...
Dubai Investments to complete $300bn sukuk soon
(ConstructionWeekOnline - 14/05/2013) Dubai Investments Company, the quoted investment firm whose portfolio includes the Dubai Investments Park and private equity investor Masharie, has said that the $300m (AED: 1.1bn) sukuk it is planning to raise should be finalised "in the coming ... |
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