Gulf Business http://gulfbusiness.com Thu, 24 Jul 2014 14:25:52 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.3 Dubai Lender ENBD Trims Loan Growth F’cast Despite Bumper Q2 Profit http://gulfbusiness.com/2014/07/dubai-lender-enbd-trims-loan-growth-fcast-despite-bumper-q2-profit/ http://gulfbusiness.com/2014/07/dubai-lender-enbd-trims-loan-growth-fcast-despite-bumper-q2-profit/#comments Thu, 24 Jul 2014 13:50:27 +0000 http://gulfbusiness.com/?p=51692 Dubai's largest lender expects to see its lending grow by four to five per cent this year, the bank's finance head Surya Subramanian told reporters.

The post Dubai Lender ENBD Trims Loan Growth F’cast Despite Bumper Q2 Profit appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/dubai-lender-enbd-trims-loan-growth-fcast-despite-bumper-q2-profit/feed/ 0
Missing Air Algerie Flight Has Crashed – Algerian Aviation Official http://gulfbusiness.com/2014/07/missing-air-algerie-flight-crashed-algerian-aviation-official/ http://gulfbusiness.com/2014/07/missing-air-algerie-flight-crashed-algerian-aviation-official/#comments Thu, 24 Jul 2014 12:59:32 +0000 http://gulfbusiness.com/?p=51686 The official did not give further details about where the plane crashed or what caused the accident.

The post Missing Air Algerie Flight Has Crashed – Algerian Aviation Official appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/missing-air-algerie-flight-crashed-algerian-aviation-official/feed/ 0
Dubai’s Aramex Q2 Net Profit Up 12% y-o-y, In-Line With Estimates http://gulfbusiness.com/2014/07/dubais-aramex-q2-net-profit-12-y-o-y-line-estimates/ http://gulfbusiness.com/2014/07/dubais-aramex-q2-net-profit-12-y-o-y-line-estimates/#comments Thu, 24 Jul 2014 11:39:52 +0000 http://gulfbusiness.com/?p=51677 Aramex posted a second-quarter net profit of Dhs80.8 million compared with Dhs72.3 million in the corresponding period of 2013.

The post Dubai’s Aramex Q2 Net Profit Up 12% y-o-y, In-Line With Estimates appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/dubais-aramex-q2-net-profit-12-y-o-y-line-estimates/feed/ 0
FIFA’S Blatter Meets Qatar’s Emir To Discuss Labour Issues http://gulfbusiness.com/2014/07/fifas-blatter-meets-qatars-emir-discuss-labour-issues/ http://gulfbusiness.com/2014/07/fifas-blatter-meets-qatars-emir-discuss-labour-issues/#comments Thu, 24 Jul 2014 11:35:44 +0000 http://gulfbusiness.com/?p=51673 The two officials also discussed the status of Qatar’s preparations to host the 2022 World Cup and the development of football in the region.

The post FIFA’S Blatter Meets Qatar’s Emir To Discuss Labour Issues appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/fifas-blatter-meets-qatars-emir-discuss-labour-issues/feed/ 0
Air Algerie Plane Carrying 116 People From Burkina Faso Goes Missing http://gulfbusiness.com/2014/07/contact-lost-air-algerie-plane-burkina-faso/ http://gulfbusiness.com/2014/07/contact-lost-air-algerie-plane-burkina-faso/#comments Thu, 24 Jul 2014 11:18:56 +0000 http://gulfbusiness.com/?p=51671 Aviation authorities lost contact with the plane 50 minutes after take-off.

The post Air Algerie Plane Carrying 116 People From Burkina Faso Goes Missing appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/contact-lost-air-algerie-plane-burkina-faso/feed/ 0
Dubai Airport Traffic Cut By Runway Work In June http://gulfbusiness.com/2014/07/dubai-airport-traffic-cut-runway-work-june/ http://gulfbusiness.com/2014/07/dubai-airport-traffic-cut-runway-work-june/#comments Thu, 24 Jul 2014 09:59:41 +0000 http://gulfbusiness.com/?p=51654 Passenger traffic through Dubai's main airport dropped 8.5 per cent from a year earlier in June to 5.07 million people.

The post Dubai Airport Traffic Cut By Runway Work In June appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/dubai-airport-traffic-cut-runway-work-june/feed/ 0
UAE’s RAKBANK Says In Talks To Acquire RAK National Insurance http://gulfbusiness.com/2014/07/uaes-rakbank-says-talks-acquire-rak-national-insurance/ http://gulfbusiness.com/2014/07/uaes-rakbank-says-talks-acquire-rak-national-insurance/#comments Thu, 24 Jul 2014 09:42:42 +0000 http://gulfbusiness.com/?p=51650 The lender is talking to the country's markets regulator as well as Abu Dhabi exchange to ratify details of the deal.

The post UAE’s RAKBANK Says In Talks To Acquire RAK National Insurance appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/uaes-rakbank-says-talks-acquire-rak-national-insurance/feed/ 0
Revealed: Luxurious Eid Al Fitr Hotel Deals In The UAE http://gulfbusiness.com/2014/07/revealed-luxurious-eid-al-fitr-hotel-deals-uae/ http://gulfbusiness.com/2014/07/revealed-luxurious-eid-al-fitr-hotel-deals-uae/#comments Thu, 24 Jul 2014 09:15:02 +0000 http://gulfbusiness.com/?p=51663 Pamper yourself with a high-end holiday this Eid Al Fitr.

The post Revealed: Luxurious Eid Al Fitr Hotel Deals In The UAE appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/revealed-luxurious-eid-al-fitr-hotel-deals-uae/feed/ 0
Just Falafel To Open 10 New Outlets In Oman http://gulfbusiness.com/2014/07/just-falafel-open-10-new-outlets-oman/ http://gulfbusiness.com/2014/07/just-falafel-open-10-new-outlets-oman/#comments Thu, 24 Jul 2014 08:51:32 +0000 http://gulfbusiness.com/?p=51643 The new chain of outlets will be located across the country with the first two outlets opening in Muscat, the company said.

The post Just Falafel To Open 10 New Outlets In Oman appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/just-falafel-open-10-new-outlets-oman/feed/ 0
Dubai Islamic Bank Records 59.6% Q2 Profit Gain http://gulfbusiness.com/2014/07/dubai-islamic-bank-records-59-6-q2-profit-gain/ http://gulfbusiness.com/2014/07/dubai-islamic-bank-records-59-6-q2-profit-gain/#comments Thu, 24 Jul 2014 08:39:52 +0000 http://gulfbusiness.com/?p=51641 DIB's earnings were boosted by a 34.5 per cent increase in income from commissions, fees and foreign exchange.

The post Dubai Islamic Bank Records 59.6% Q2 Profit Gain appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/dubai-islamic-bank-records-59-6-q2-profit-gain/feed/ 0
DP World H1 Gross Container Volumes Up 10.7% http://gulfbusiness.com/2014/07/dp-world-h1-gross-container-volumes-10-7/ http://gulfbusiness.com/2014/07/dp-world-h1-gross-container-volumes-10-7/#comments Thu, 24 Jul 2014 07:22:07 +0000 http://gulfbusiness.com/?p=51621 Volumes were boosted by new business at its London Gateway facility and Embraport in Brazil.

The post DP World H1 Gross Container Volumes Up 10.7% appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/dp-world-h1-gross-container-volumes-10-7/feed/ 0
UAE’s TAQA Pulls Out Of $1.6bn India Power Deal http://gulfbusiness.com/2014/07/uaes-taqa-pulls-1-6bn-india-power-deal/ http://gulfbusiness.com/2014/07/uaes-taqa-pulls-1-6bn-india-power-deal/#comments Thu, 24 Jul 2014 07:12:00 +0000 http://gulfbusiness.com/?p=51614 In March, TAQA said a consortium led by it had agreed to buy the two power plants from Jaiprakash Power Ventures.

The post UAE’s TAQA Pulls Out Of $1.6bn India Power Deal appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/uaes-taqa-pulls-1-6bn-india-power-deal/feed/ 0
Swatch Warns Of Hong Kong Uncertainty As Profits Fall 11.5% In H1 http://gulfbusiness.com/2014/07/swatch-warns-hong-kong-uncertainty-profits-fall-11-5-h1/ http://gulfbusiness.com/2014/07/swatch-warns-hong-kong-uncertainty-profits-fall-11-5-h1/#comments Thu, 24 Jul 2014 06:24:22 +0000 http://gulfbusiness.com/?p=51627 Marketing expenses for the Olympic Games in Sochi, a fire at its production unit and a strong Swiss franc squeezed net profit in the first half.

The post Swatch Warns Of Hong Kong Uncertainty As Profits Fall 11.5% In H1 appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/swatch-warns-hong-kong-uncertainty-profits-fall-11-5-h1/feed/ 0
Dubai Telco Du Q2 Net Profit Gains 15.6% http://gulfbusiness.com/2014/07/dubai-telco-du-q2-net-profit-gains-15-6/ http://gulfbusiness.com/2014/07/dubai-telco-du-q2-net-profit-gains-15-6/#comments Thu, 24 Jul 2014 06:17:41 +0000 http://gulfbusiness.com/?p=51610 The firm made a net profit of Dhs547.7 million in the three months to June 30.

The post Dubai Telco Du Q2 Net Profit Gains 15.6% appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/dubai-telco-du-q2-net-profit-gains-15-6/feed/ 0
Dubai’s Emirates NBD Q2 Net Profit Jumps 34.8%, Beats Estimates http://gulfbusiness.com/2014/07/dubais-emirates-nbd-q2-net-profit-jumps-34-8-beats-estimates/ http://gulfbusiness.com/2014/07/dubais-emirates-nbd-q2-net-profit-jumps-34-8-beats-estimates/#comments Thu, 24 Jul 2014 05:38:08 +0000 http://gulfbusiness.com/?p=51604 The lender made a net profit of Dhs1.31 billion in the three months to June 30.

The post Dubai’s Emirates NBD Q2 Net Profit Jumps 34.8%, Beats Estimates appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/dubais-emirates-nbd-q2-net-profit-jumps-34-8-beats-estimates/feed/ 0
Dubai’s Marka To List Shares In Mid-September http://gulfbusiness.com/2014/07/dubais-marka-list-shares-mid-september/ http://gulfbusiness.com/2014/07/dubais-marka-list-shares-mid-september/#comments Thu, 24 Jul 2014 05:00:06 +0000 http://gulfbusiness.com/?p=51602 Marka's listing would be the Dubai Financial Market's first flotation for five years.

The post Dubai’s Marka To List Shares In Mid-September appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/dubais-marka-list-shares-mid-september/feed/ 0
Gulf Telcos Ooredoo, Wataniya Post Q2 Profit Drops, Nawras Soars http://gulfbusiness.com/2014/07/ooredoo-wataniya-post-q2-profit-drops-nawras-soars/ http://gulfbusiness.com/2014/07/ooredoo-wataniya-post-q2-profit-drops-nawras-soars/#comments Thu, 24 Jul 2014 04:57:47 +0000 http://gulfbusiness.com/?p=51598 Qatar Ooredoo was impacted by the political situation in Iraq and start-up costs for its business in Myanmar.

The post Gulf Telcos Ooredoo, Wataniya Post Q2 Profit Drops, Nawras Soars appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/ooredoo-wataniya-post-q2-profit-drops-nawras-soars/feed/ 0
Saudi State Investment Fund To Set Up New Companies http://gulfbusiness.com/2014/07/saudi-state-investment-fund-set-new-companies/ http://gulfbusiness.com/2014/07/saudi-state-investment-fund-set-new-companies/#comments Thu, 24 Jul 2014 04:53:25 +0000 http://gulfbusiness.com/?p=51599 The Kingdom's Public Investment Fund has assets under management worth about $5.3 billion.

The post Saudi State Investment Fund To Set Up New Companies appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/saudi-state-investment-fund-set-new-companies/feed/ 0
UAE’s Moon-Sighting Committee To Meet On Sunday To Announce Eid Date http://gulfbusiness.com/2014/07/uaes-moon-sighting-committee-meet-sunday-announce-eid-date/ http://gulfbusiness.com/2014/07/uaes-moon-sighting-committee-meet-sunday-announce-eid-date/#comments Thu, 24 Jul 2014 04:45:29 +0000 http://gulfbusiness.com/?p=51606 The committee, chaired by the UAE’s Minister of Justice, will announce the start of the Shawwal month, signalling Eid Al Fitr.

The post UAE’s Moon-Sighting Committee To Meet On Sunday To Announce Eid Date appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/uaes-moon-sighting-committee-meet-sunday-announce-eid-date/feed/ 0
Kuwait’s KIPCO On Track To Hit Revenue Goal http://gulfbusiness.com/2014/07/kuwaits-kipco-track-hit-revenue-goal/ http://gulfbusiness.com/2014/07/kuwaits-kipco-track-hit-revenue-goal/#comments Wed, 23 Jul 2014 12:43:15 +0000 http://gulfbusiness.com/?p=51591 Net profit in the second quarter to June 30 rose 20 per cent to KD11.4 million ($40.4 million), the company said in a statement.

The post Kuwait’s KIPCO On Track To Hit Revenue Goal appeared first on Gulf Business.

]]>
http://gulfbusiness.com/2014/07/kuwaits-kipco-track-hit-revenue-goal/feed/ 0