Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
03-12-14
UAE corporates earnings outperform GCC in 9M
(MENAFN) The UAE market recorded an increase by 33.5 percent in its corporate earnings during the January-September period of this year and continued to outperform the GCC region, mainly driven by higher earnings in the real estate sector, Khaleej Times reported.
During the first three quarters of this year, the UAE has been the best-performing market in the GCC region as Dubai's corporate earnings expanded 55.5 percent compared to the same period last year to reach USD5.1 billion led by real estate and construction, which registered a growth by 47.4 percent, and investment and financial services growing by 125.2 percent.
Meanwhile, Abu Dhabi's corporate earnings expanded 22.8 percent compared to the corresponding period in 2013 to reach USD8.3 billion, after the telecommunications sector registered a growth of 24.8 percent, driven by Emirates Telecommunication Corporation, which posted a growth of 20 percent.
Emirates Telecommunication Corporation growth is attributed to higher profits from recently acquired Maroc Telecom and its associates, and Sudan Telecommunication, which reported USD29.53 million profit during the nine-month period compared to a loss of USD34.73 million in the same 2013 period.
During the first nine months of this year, corporate earnings in the GCC region rose 13 percent to USD52.0 billion, with the UAE corporate earnings leading, followed by Saudi Arabia with a 10.4 percent growth, Qatar with 3.8 percent, and Bahrain and Oman, which recorded lower corporate earnings growth of 1.6 per cent and 0.4 per cent, respectively.
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us