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- Burgan Bank announces its financial results for first nine months of 2025
- Oman, Spain sign four MoUs across various sectors
- Elm, BENEFIT sign MoU to drive digital innovation in financial services
- flynas wins Operational Excellence Award at DXB
- KBR awarded detailed engineering contract for Qatar offshore project
- Alpha Dhabi 9-month revenues rise to $14.95bn
- Egypt's Suez Canal Revenues Rise 14% as Red Sea Tensions Ease
- Commercial Bank rewards 'smart savers' at a grand prize ceremony
- 81% of Saudi enterprises already using industry-specific AI solutions, new SAP survey finds
- Waha Capital exits from Optasia, marking most significant departure to date
16/02/2018 06:03 AST
Arkan Building Materials Company posted a net profit of Dh30.2 million for 2017 compared to a loss of Dh82.3 million in the previous year.
The company attributed increase in profits to assets write off of Dh158 million taken on the closure of the Emirates Cement Factory.
"Net profit was also impacted by the increase in gas and electricity prices enforced last year by Dh78 million and the completion of the accounting treatment of the benefit from the government grant of Dh18 million received in July 2011," the company said.
The company's revenue also increased by 12 per cent to Dh908.6 million in 2017, compared to Dh812.8 million in 2016 due to improvement in sales across all product lines with pipes, blocks and dry mortar performing well.
Gulf News
11/09/2025
Emsteel Group, one of the largest publicly traded steel and building materials manufacturers in the region, has announced a landmark partnership with global technology leader Danieli to launch the fi
Trade Arabia
26/08/2025
Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, has delivered hydrogen-based rebar for the construction of Abu Dhabi's first net-zero carbon mos
Trade Arabia
31/07/2025
Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, has delivered strong operational performance during the first half of 2025, increasing its sales
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 10.24 | -0.06 (-0.59 |
| IQCD | 12.30 | 0.30 (2.50 |
| MODON | 3.64 | 0.03 (0.83 |
| ADNOCLS | 5.73 | 0.07 (1.23 |
| ADPORTS | 4.20 | 0.02 (0.47 |
05/11/2025
Burgan Bank KPSC ("Burgan Bank" or "the Bank") announced its financial results for the nine months ended September 30, 2025 (9M 2025). The results indicate continued operational progress and consiste
Kuwait Times
05/11/2025
Elm, a leading digital solutions company, has signed a memorandum of understanding with the Bahrain Electronic Network for Financial Transactions (BENEFIT), the Kingdom's innovator and leading compan
Trade Arabia
05/11/2025
flynas, a low-cost airline in the Middle East, has been awarded the Operational Excellence Award of the 2025 oneDXB Airport Excellence Awards, presented by Dubai Airports, outperforming more than 100
Trade Arabia
05/11/2025
Alpha Dhabi Holding has delivered an excellent set of financial results for the nine-month period ending 30 September 2025, with group revenue rising to AED54.9 billion ($14.95 billion).
Th
Trade Arabia
05/11/2025
Commercial Bank has successfully concluded its nine-month 'Golden Draw' campaign with a grand prize ceremony "celebrating customer loyalty and the power of saving".
The event marked the culm
Gulf Times
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