Corporate News

Higher sales lift Arkan

Revenues rose 17 per cent to Dh976.9 million as a result of its increased market share.

Gulf Navigation doubles 2015 profit

The shipping company's net income reached Dh20.2 million for the year ended December 31, 2015. This is significantly higher compared to the 2014 profit of Dh10.03 million.

Du records Dh1.94 billion income in '15

Du made a net profit of Dh461.0 million ($125.5 million) in the three months to December 31, down from Dh512.7 million in the year-earlier period, according to Reuters' calculations based on previous financial statements.

DP World looking at over $1b investment in India

The group has already invested $1.2 billion and is currently the only foreign operator with six port concessions in India with approximately 30 per cent market share.

Invest along the Silk Road, Chamber tells firms

This is part of its preparation for the first Commonwealth of Independent States Global Business Forum in Dubai, to be held on February 17 and 18. It has launched a special report on the occasion titled, 'Tapping the Silk Road Opportunities'.

Samsung Kids Mode gains in popularity

Children love smartphones and tablets because of their bright, flashy images and intuitive, responsive interfaces, and are happy to spend hours watching videos and playing games.

Emaar revenues surge 33%

Property firm records Dh15.28 billion total sales in 2015

Three Saudi telcos plan to create tower company

Etihad Etisalat (Mobily) in November said it was considering selling its towers, most likely to a tower company which would lease these back to the seller.

Agthia 2015 net profit surges 20%

Excluding the company's recent acquisition of Al Bayan Water Co, the group said profit and sales grew by 18 per cent and 11 per cent, respectively.

Pavers England plans $50m GCC investment

With the intention of reinvigorating the regional retail sector, Pavers England has committed to a $50 million investment across the GCC, illustrating its confidence in the market and the positivity and resourcefulness that is intrinsic to its success.