Net Income attributable to Al Baraka Banking Group’s shareholders reaches $47mn

This decrease came as a result of the Group's allocating of a significant increase in precautionary provisions to offset the expected damages resulting from the negative economic impact of the…

NNR August 11, 2020

Seef Properties reports net profit of BD 2.71 million for the period ended 30 June 2020

MANAMA: Seef Properties B.S.C., announced its financial results for the six-month period ended 30 June 2020. The Company reported net profits and total comprehensive income attributable to the parent of…

NNR August 11, 2020

Amanat Holdings’ earnings decline for 1H 2020

DUBAI: Amanat Holdings PJSC, the GCC’s largest healthcare and education investment company, nnounced its consolidated financial results for the first half ended 30 June 2020, reporting an adjusted total income…

NNR August 11, 2020

SALAMA 2020 half-year net profit increases 41.03% to AED 47.05mn

DUBAI: Islamic Arab Insurance Company, listed as “SALAMA” on Dubai Financial Market (DFM), announced its interim results for the first six months of 2020 reporting net profit of AED 47.05…

NNR August 11, 2020

Dar Al Takaful appoints Rajesh Sethi as CEO after acquisition of Noor Takaful

DUBAI: Dar Al Takaful announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as the Chief Executive Officer (CEO) of the joint entities.…

NNR August 11, 2020

Oman Insurance reports profit of AED 110.2 million in the first half of 2020

DUBAI: Oman Insurance Company, one of the leading insurance providers in the Middle East, announced it has posted a Net Profit of AED 110.2 million in the first half of…

NNR August 11, 2020

Heavily impacted by COVID-19, Air Arabia posts a net loss of AED 169 million

SHARJAH: Air Arabia registered a net loss of AED 169 million for the first half ending June 30, 2020, a direct result of second quarter performance being heavily impacted by…

NNR August 11, 2020

Charles Stanley Group

Charles Stanley Group is a UK investment management company. The company was established in 1792 and is one of the oldest firms on the London Stock Exchange. Charles Stanley Group…

NNR August 10, 2020

Emirates increases passenger services to Pakistan, offering 60 weekly flights

DUBAI: Emirates has announced it will increase its passenger services to/from Pakistan starting 10 August, offering customers enhanced connectivity to over 70 destinations within its current network, via Dubai. The…

NNR August 10, 2020

K-Electric closes PKR 25 bn Sukuk, the largest ever Sukuk issue in Pakistan’s private sector

KARACHI: K-Electric (KE) announced the successful closure of its PKR 25 billion Sukuk which is the largest Sukuk issue in the private sector of Pakistan. With oversubscription of IPO portion…

NNR August 10, 2020

Union Properties completes AED 946 million debt restructuring with Emirates NBD

Agreement reached with Dubai’s largest lender is a strong sign of confidence for the iconic property developer. DUBAI: Union Properties PJSC has successfully reached an agreement with Emirates NBD for…

NNR August 10, 2020

Huawei and 5G industrial partners launch first batch of 5G industrial application

BEIJING: At the "5G for Good, Innovate for New Value" summit, Huawei and 5G industrial partners jointly launched the first batch of 5G industrial applications. This initiative accelerates the development…

NNR August 8, 2020