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GCC Business & Economics

GCC Business and Economics. Wednesday, July 27, 2011. Mashreq posts 22% rise in H1 net profit ( By Andy Sambidge ). Mashreq on Tuesday reported a 22 percent increase in its net profit for the first half of 2011 to AED551.6m ($150.1m), on operating income AED2.2bn ($599m). Mashreq said its provisions for loan losses declined by 29 percent to AED637m, the UAE-based bank said in a statement. Mashreq’s total assets stood at AED85bn compared to AED84.8bn as at Dec 31 2010. UAE lender First Gulf Bank raised $6...

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GCC Business and Economics. Wednesday, July 27, 2011. Mashreq posts 22% rise in H1 net profit ( By Andy Sambidge ). Mashreq on Tuesday reported a 22 percent increase in its net profit for the first half of 2011 to AED551.6m ($150.1m), on operating income AED2.2bn ($599m). Mashreq said its provisions for loan losses declined by 29 percent to AED637m, the UAE-based bank said in a statement. Mashreq’s total assets stood at AED85bn compared to AED84.8bn as at Dec 31 2010. UAE lender First Gulf Bank raised $6...

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GCC Business & Economics | royal-business.blogspot.com Reviews

https://royal-business.blogspot.com

GCC Business and Economics. Wednesday, July 27, 2011. Mashreq posts 22% rise in H1 net profit ( By Andy Sambidge ). Mashreq on Tuesday reported a 22 percent increase in its net profit for the first half of 2011 to AED551.6m ($150.1m), on operating income AED2.2bn ($599m). Mashreq said its provisions for loan losses declined by 29 percent to AED637m, the UAE-based bank said in a statement. Mashreq’s total assets stood at AED85bn compared to AED84.8bn as at Dec 31 2010. UAE lender First Gulf Bank raised $6...

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royal-business.blogspot.com

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GCC Business & Economics: January 2011

http://www.royal-business.blogspot.com/2011_01_01_archive.html

GCC Business and Economics. Tuesday, January 18, 2011. Emaar to meet with Asian, Gulf and European investors (By Shane McGinley). Emaar Properties is to meet with potential investors from the Asia, the Gulf and Europe on Friday ahead of a possible bond issue, the Dubai-based developer said on Tuesday. The statement added that “a transaction may follow subject to market conditions” . The state-backed firm considering selling its own headquarters in order to finance the repayment. Abu Dhabi National Oil Co...

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GCC Business & Economics: Palm Jumeirah prices sink below AED650 per square foot (By Anil Bhoyrul)

http://www.royal-business.blogspot.com/2011/07/palm-jumeirah-prices-sink-below-aed650.html

GCC Business and Economics. Monday, July 4, 2011. Palm Jumeirah prices sink below AED650 per square foot (By Anil Bhoyrul). Sale prices on the Palm Jumeirah development have sunk to a four-year low, with apartments being offered for as little as AED650 ($176) per square foot. The revelation comes less than a week after the UAE government announced the extension of visa for real estate investors from six months to three years. Home values declined 1.2 percent in May compared with the previous month an...

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GCC Business & Economics: UAE's First Gulf Bank raises $560m from sukuk sale ( By Reuters )

http://www.royal-business.blogspot.com/2011/07/uae-lender-first-gulf-bank-raised-650.html

GCC Business and Economics. Wednesday, July 27, 2011. UAE's First Gulf Bank raises $560m from sukuk sale ( By Reuters ). UAE lender First Gulf Bank raised $650 million from the sale of five-year Islamic bonds, or sukuk, on Tuesday, in a significantly oversubscribed deal that benefited from solid global demand for Sharia-compliant paper. One of the sources, who has direct knowledge of the transaction, said total subscriptions were around $3.8 billion and the deal attracted more than 200 orders. Three othe...

4

GCC Business & Economics: November 2010

http://www.royal-business.blogspot.com/2010_11_01_archive.html

GCC Business and Economics. Tuesday, November 30, 2010. Oman 9 month oil output up 6.7% (By Reuters). Oman's oil output in the first nine months of 2010 rose by 6.7 percent from a year ago to 860,200 barrels per day (bpd), government data showed. Oman is a small independent oil producer but the price of its oil forms part of benchmarks used in pricing Middle east crude exported from the Middle East to Asia. Dubai will not impose taxes on trade or residents (By Staff writer). Statistics from Dubai Customs...

5

GCC Business & Economics: Mashreq posts 22% rise in H1 net profit ( By Andy Sambidge )

http://www.royal-business.blogspot.com/2011/07/mashreq-posts-22-rise-in-h1-net-profit.html

GCC Business and Economics. Wednesday, July 27, 2011. Mashreq posts 22% rise in H1 net profit ( By Andy Sambidge ). Mashreq on Tuesday reported a 22 percent increase in its net profit for the first half of 2011 to AED551.6m ($150.1m), on operating income AED2.2bn ($599m). Mashreq said its provisions for loan losses declined by 29 percent to AED637m, the UAE-based bank said in a statement. Mashreq’s total assets stood at AED85bn compared to AED84.8bn as at Dec 31 2010. Subscribe to: Post Comments (Atom).

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GCC Business and Economics. Wednesday, July 27, 2011. Mashreq posts 22% rise in H1 net profit ( By Andy Sambidge ). Mashreq on Tuesday reported a 22 percent increase in its net profit for the first half of 2011 to AED551.6m ($150.1m), on operating income AED2.2bn ($599m). Mashreq said its provisions for loan losses declined by 29 percent to AED637m, the UAE-based bank said in a statement. Mashreq’s total assets stood at AED85bn compared to AED84.8bn as at Dec 31 2010. UAE lender First Gulf Bank raised $6...

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