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Bank of Sharjah announces financial results
(AME Info - 31/01/2013)

Bank of Sharjah announced its financial results for the year ended December 31, 2012. The bank continued to enhance its balance sheet structure and improve its profitability with total assets increasing by 9% as of December 31st, 2012. The growth in

Emaar Properties records 2012 net profit of Dhs2.119bn
(Press Release - 31/01/2013)

Backed by investor confidence in Dubai's property sector and strong growth in recurring revenues from its shopping malls & retail and hospitality & leisure businesses, Emaar Properties PJSC, the global property developer of iconic assets, recorded

du launches the BlackBerry Z10 smartphone
(Press Release - 31/01/2013)

du today launched the new BlackBerry® Z10 smartphone powered by BlackBerry® 10 in the UAE. The new BlackBerry Z10 is the first smartphone based on the re-designed, re-engineered and re-invented BlackBerry 10 platform, giving customers a powerful and

Emaar Properties Q4 profits plunge 28pc
(Reuters - 31/01/2013)

Emaar Properties, Dubai's largest developer, posted a 28 percent drop in fourth-quarter net profit on Thursday, missing analysts' forecasts, as costs soared amid revival of stalled projects in the emirate. The builder of the world's tallest tower, the

Batelco to Host Special Event in Support of World Cancer Day
(Press Release - 31/01/2013)

Batelco in cooperation with Bahrain Cancer Society is organising an open day at Batelco Staff Centre to mark the occasion of World Cancer Day on Saturday 4th February. The event is being arranged in line with the Cancer Society’s programmes which aim to

Sorouh Real Estate announces full year and fourth-quarter results
(Press Release - 31/01/2013)

Sorouh Real Estate PJSC, the Abu Dhabi-based real estate developer, announced its full year andfourth-quarter results for the period ended 31December 2012. Full Year Highlights Sorouh records another strong yearly performance with net profit of

KFH-Bahrain offers finance for Diyar buyers
(Trade Arabia - 31/01/2013)

Kuwait Finance House (KFH-Bahrain) Bahrain has announced that it is providing real estate finance for land buyers at Diyar Al Muharraq's new Sarat residential plots. "The bank is committed to providing the most competitive long-term Islamic real estate

Bahrain Commercial Facilities signs $100 million loan
(CPI Financial - 31/01/2013)

Bahrain Commercial Facilities Company, a consumer finance and insurance provider, signed a $100 million loan to refinance existing debt and for working capital. The loan will run for three years and was arranged by Ahli United Bank. Other banks who

DFM lists two government issues worth $1.250 billion
(CPI Financial - 31/01/2013)

Dubai Financial Market (DFM) announced the listing of two debt issues for the Government of Dubai with a total value of $1.250 billion on 30 January 2013. The first issue is a $750 million 10-year Sukuk which matures in 2023, whilst the second is a $500

ADCB, Emirates NBD and First Gulf Bank to pay out Dh5bn in dividends
(The National - 31/01/2013)

Bank shareholders are to be rewarded with almost Dh8 billion (US$2.17bn) in dividend payouts as lenders look set to eclipse last year's total. Six of the UAE's biggest lenders have reported dividend payouts worth Dh7.8bn, and with several big banks still

Bank AlJazira first Saudi bank to offer App on Windows Phone 8
(Saudi Gazette - 31/01/2013)

Bank AlJazira announced the successful launch of its mobile App “AlJazira Smart” on Microsoft Windows Phone 8 as part of its ongoing quest to maintain the leadership in providing innovative electronic banking services, beside the commitment to use the

ADIB reveals winner of two years’ salary
(CPI Financial - 31/01/2013)

Abu Dhabi Islamic Bank (ADIB) announced that Abdulillah Al Haj has won an ADIB Bonus of 24 months of his monthly salary at the 9th Grand Draw of the ongoing ADIB Bonus Programme. In addition, two ADIB account-holders, Alaa Jasim and Chanez Hamouche

Al Salam Bank-Bahrain net profit BHD 10.3 million, up from BHD 312,000
(CPI Financial - 31/01/2013)

Bahrain-based Shari’ah compliant Al Salam Bank-Bahrain reports a massive jump in net profits for 2012 on total operating income up 81 per cent to BHD 23.062 million. Gains on the sale of investments and Sukuk notably jumped from BHD 2.8 million to BHD

Qatar Cinema and Film Distribution Discloses 2012 Financials
(Press Release - 31/01/2013)

Qatar Cinema and Film Distribution Company has disclosed the financial statements for the year ended December 31, 2012. The financials revealed a net profit of QR 12,76 Million in 2012 versus QR 13.37 Million in 2011. The company’s earnings per share

High hopes for Emaar results
(Agencies - 31/01/2013)

Emaar Properties hit a 39-month closing high as investors bet the developer will announce market-pleasing earnings and dividends for last year, helping the Dubai Financial Market make a fifth straight gain. Emaar climbed 1.5 per cent to Dh4.88 a share,

QNB First plans to debut in five ‘select’ countries soon
(Gulf Times - 31/01/2013)

QNB, which is present in 24 countries and aims to be a dominant player in other markets, is contemplating “sizeable” acquisitions to achieve scale as part of its comprehensive to become a Middle East and Africa (MEA) icon by 2017. It is planning to roll

Aref Energy says full-year losses widened to 9.96mn Kuwaiti dinars
(Gulf Times - 31/01/2013)

Kuwait’s Aref Energy Holding Co said yesterday full-year losses widened to 9.96mn Kuwaiti dinars ($35.42mn) in 2012 compared with a 5.11mn loss dinars in the previous year. The company’s fourth-quarter loss, however, narrowed sharply to about 497,000

SABIC offers foreign scholarships to gifted
(Arab News - 31/01/2013)

Saudi Basic Industries Corporation (SABIC) has offered the best gifted students in the Kingdom an opportunity to study abroad under its sponsorship. About 119 students from the King Abdulaziz and his Companions Foundation for the Gifted and Creativity

UAE?s Julphar to launch $9.6m plant in Ethiopia
(Press Release - 31/01/2013)

Ras Al Khaimah-based pharmaceuticals firm Julphar will open its first overseas manufacturing plant next week. The 40,000 sqm facility, which is based in the Ethiopian capital, Addis Ababa, cost US$9.6m to build. Once fully operational, the plant will

Abraaj invests in pharmacy chain in Uganda
(Reuters - 31/01/2013)

Abraaj Capital is scouting for more acquisitions in Africa’s healthcare industry, a senior executive said on Wednesday, after the emerging markets private equity firm invested in Uganda’s biggest pharmacy chain. Abraaj, which manages around $7.5 billion

QNB General Assembly Approves the Distribution Of 60% Cash Dividends
(Press Release - 31/01/2013)

Qatar National Bank (QNB) has disclosed the results of the bank’s Ordinary general assembly meeting held on Wednesday, January 30, 2013 and took the following decisions: and took the following decisions:- 1. Heard the statement of His Excellency the

QNB a Platinum Sponsor for the 3rd Soccer Cup
(Press Release - 31/01/2013)

QNB, the largest financial institution in the State of Qatar, and the MENA region, announced its platinum sponsorship to the second version of the upcoming International Soccer Cup Championship -under 18, the tournament will kick-off at Aspire on Monday,

Doha Insurance Discloses 2012 Audited Financials
(Press Release - 31/01/2013)

Doha Insurance Company has disclosed the audited financial statements for the year ended December 31, 2012. The audited financials revealed a net profit of QR 60.28 million in 2012 versus QR 65.84 million in 2011. The company’s EPS amounted to QR 2.58 in

ADCB Q4 earnings up 32%
(Khaleej Times - 31/01/2013)

Abu Dhabi Commercial Bank’s earnings grew 32 per cent year-on-year to Dh680 million in the last quarter of 2012 due to higher revenues. However, in the year 2012, Abu Dhabi’s second biggest lender by assets reported eight per cent drop in its net profit

Emirates NBD Announces 2012 Results
(Press Release - 31/01/2013)

Emirates NBD (DFM: EmiratesNBD), the leading bank in the region, today announced its results for the year ended 31 December 2012. Net profit for 2012 of AED 2.6 billion, up 3% compared with AED 2.5 billion in 2011 and up 281% after excluding the AED 1.8

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