The company’s logistics and freight forwarding businesses, which account for most of its revenue, have been hit by instability in the global economy over the last few years.
EY ranked first in terms of the volume of published material while Deloitte produced almost a third of consulting thought leadership material, a new report finds.
Dubai’s benchmark edged down 0.4 per cent as shares in builder Arabtec Holding fell 2.6 per cent and Emaar Properties lost 0.6 per cent.
Waha Capital has secured regulatory approval to buy back up to 10 per cent of its outstanding shares.
Net profit for the nine months to Sept. 30 was QAR1.43 billion, compared with QAR1.25 billion in the same period a year ago.
Aramex founder Fadi Ghandour said plans are under way to acquire firms in the emerging markets of Africa, Asia and Turkey.
The Islamic lender made a net profit of QAR1.1 billion ($300 million) during the period, a company statement said, up from QAR975.1 million in the same period a year ago.
Net profit for the third quarter was QAR1.4 billion ($384.5 million) compared to QAR1.2 billion in the same period a year ago, a bourse filing said.
Dubai’s index, which was up as much as 2.5 per cent early in the session, fell 0.4 per cent by mid-day as the pan-European FTSEurofirst 300 index edged down 0.6 per cent.
CBK has now reduced its non-performing loans to 1.3 per cent of its total loan book from a 2009 level of 25 per cent.
State-owned National Commercial Bank, which has about $116 billion of assets, currently has a mixed business.
The bank expects to post double-digit loan growth in the next 12 months, its CEO says.
The company made a net profit of SAR303.74 million ($81.0 million) in the third quarter, up from SAR282.08 million in the year-earlier period.
The firm made a net profit of SAR691.3 million ($184 million) in the third quarter, down from SAR864.8 million in the same period of 2013, a statement to the Saudi bourse said.
As part of a US settlement in August, the bank was given 90 days to end high-risk relationships with SMEs in the UAE.
The company’s chief executive said that the fund is looking to invest in sectors such as power and water, oil and gas, healthcare and education.
Worries about weak earnings report on growth and business had sent Middle East bourses tumbling, with Dubai’s index down 13.6 per cent last week
Under the plan approved at a board meeting on Thursday, MMG’s capital will be cut from SAR1.25 billion to SAR125 million, creating one share for every 10 shares currently possessed.
The company, a unit of Saudi Basic Industries Corp (SABIC), said it made a profit of SAR913 million ($243.5 million) in the third quarter, up from SAR734 million in the year-earlier period.
The restaurant is among the first of five food and beverage outlets that Marka is planning to open by next year.
The bank made a net profit for the three months to the end of September of KD10.9 million ($37.8 million), compared to KD9.8 million in the year-earlier period.
Gary Anderson is stepping down due to ill health and will be temporarily replaced with COO Gaurang Desai.
Portugal’s largest listed lender, Banco Espirito Santo, was rescued by the state in August.
Burgan said it plans to issue 216 million new shares and that the rights issue will raise its paid-up capital to KD197.18 million.
Middle East bourses tumbled last week, with Dubai taking the biggest hit and losing 13.6 per cent.
The firm attributed the rise to a 5.6 per cent rise in revenue and a reduction in costs and marketing expenditure.
Atlantis refinanced an $880 million loan to take advantage of favourable market conditions, ICD confirmed.
The bank attributed the rise in quarterly profit to higher operating income, which increased 12.1 per cent.
Kuwait Foreign Petroleum Exploration Company (Kufpec) was last in the market in June 2013 when it sealed a five-year $750 million deal.
The Saudi index sank to 9,407 points, its lowest level since mid-April.