National Bank Of Kuwait’s Q4 Net Profit Rises 46%, Misses Forecasts

Net profit for 2014 was KD261.8 million, up around 10 per cent from 2013.

Middle East M&A Deals Up 23% In 2014

The region’s deal values were mainly driven by outbound M&A activity, a report says.

UAE Central Bank: Business Credit Demand To Rise This Quarter

Around two-thirds of respondents expect demand for business credit to accelerate in the current quarter, with growth in Dubai likely to be strongest.

Saudi’s Tasnee Q4 Net Profit Drops 46.5% As Petchem Prices Weigh

The company made SAR160.7 million($42.8 million) in the last quarter of 2014.

Around 46% Of UAE Residents Say Living Costs Outpace Salaries

The rising cost of living is among the factors impacting UAE residents’ plan to save for their retirement.

Saudi’s Al Tayyar Travel Q4 Net Profit Up 13.5% On Sales Jump

The company made a net profit of SAR236 million ($62.9 million) in the last quarter of 2014.

Dubai Refiner ENOC Says Seeking $1.5bn Long-Term Loan

The company said that the loan was for general corporate purposes.

Abu Dhabi Developer TDIC Confirms CFO Departure

TDIC’s deputy finance head Matt Matharu is currently serving as acting CFO, a spokesman said.

UAE’s Al Hamra Real Estate Says Increases Loan To $340m

The loan will be used for capital expenditure and general business purposes, Al Hamra said in a statement.

Stock News: Gulf Markets Rise As Oil Gains

Dubai’s index added 1.2 per cent, with Dubai Islamic Bank’s (DIB) 2.8 per cent gain the main support.

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Abu Dhabi’s Al Jaber Says Wins $545m Road-Building Contracts

Abu Dhabi General Services Co awarded the contracts to the company for improvements to two sections of the highway from Mafraq on the outskirts of Abu Dhabi.

Bahrain’s GFH Says No Information To Disclose After Shares Leap

In Dubai on Sunday, the shares soared their 15 per cent daily limit to Dhs0.35 in their heaviest trading since mid-December.

Saudi’s Almarai Cites Sales Growth For 15% Profit Jump

The company made net earnings of SAR428 million in the last quarter of 2014.

Air Arabia May Lease Aircraft After Jordan Expansion – CEO

The airline ordered 44 Airbus A320s in 2007 and 29 of those hade been delivered by November 2014, according to Airbus data.

Qatar Islamic Bank Q4 Net Profit Up 30.4%, Raises Dividend

Net profit for 2014 gained 20 per cent year-on-year to QAR1.6 billion.

Kuwait Likely To Post Deficit Before 2017- Minister

Falling oil prices will slash Kuwait’s public revenues by 60 per cent, the country’s finance minister told the parliament.

Ajman’s R Hotels Gets Dhs204m Funding For Palm Project

The company’s Dhs500 million hotel project on Palm Jumeirah is set to open in Q4 2016.

Mashreq Q4 Net Profit Up 28%, Eyes Citigroup’s Egypt Retail Business

The bank’s profit was boosted by strong performance in operating income.

Emirates NBD Q4 Profit Jumps 82%, Reclassifies Dubai World Loans

The bank said its 2014 balance sheet was strengthened by its reclassification of its exposure to Dubai World, as performing.

SABIC Has No Plan For New Bonds In 2015 But May Refinance Loans

The company is considering refinancing two loans that fall due in June and November, an official said.

Gulf Markets Edge Up After Oil Prices Firm

Dubai’s bourse added 1.6 per cent as most stocks gained.

SABIC Sales Drop 10% As Profits Plunge – CEO

SABIC’s chief executive Mohamed al-Mady told reporters that the outlook for 2015 was unpredictable and contingent on oil prices.

Saudi’s Al Khodari Posts Five-Fold Q4 Net Profit Hike, Project Pipeline Grows

The company made a profit of SAR45.6 million ($12.2 million) in the last quarter of 2014.

Oil Slump Slashes Saudi Basic Industries Q4 Profit 29%

The company earned SAR4.36 billion ($1.16 billion) in the last quarter, a statement said.

UAE’s RAK Ceramics Says To Sell Stake In Laticrete Venture

RAK Ceramics said it aimed to close the deal by March 25 and that the sale of shares would be at a premium to book value.

Bahrain’s BAPCO To Decide On Refinery Expansion Next Year, Sees Tough 2015

The proposed expansion would boost the capacity of the Sitra refinery by 100,000 barrels per day, BAPCO’s CEO said.

Qatar May Fund Energy, Other Projects In Venezuela -Sources

Industry sources in Qatar said that the country was still studying the possibility of investing in Venezuela’s energy, real estate and tourism sectors.

Bank Muscat Q4 Profit Drops In Absence Of Insurance Payout

Bank Muscat made a profit of OMR36.5 million ($94.8 million) in the last quarter of 2014.

Oman Cement Q4 Net Profit Drops 35.8%, Trailing Forecasts

The firm made a net profit of OMR1.7 million ($4.4 million) in the last quarter of 2014.

Kuwait’s Jazeera Airways Leasing Unit To Sell 15 A320s For $507m

The carrier will sell aircraft from Sahaab Aircraft Leasing to a joint venture between South Africa’s Investec Bank and Hong Kong-based Chow Tai Fook Enterprises.