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Al Mazaya Holding reports net profit of AED112.60mn

DUBAI / EMIRATES BUSINESS Al Mazaya Holding has announced its financial results for the fiscal year ended December 31, 2015. The announcement was made following a meeting of the board of directors that was held on January 28, 2016. The meeting was chaired by Chairman Rashid Al Nafisi and attended by members of the board and the group’s CEO. Addressing ...

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Emirates Securities Market Index up by 3.03%

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 3.03% to close at 4095.68 points. Accordingly the Market Capitalization has gained 19.52 Billion AED attaining 664.37 Billion AED. A total of 0.88 Billion Shares were traded with a total value of 1.11 Billion AED during the trading session of 2016-01-31 through 11591 transactions. The number of companies which ...

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FH maintains investment grade credit rating with stable outlook

ABU DHABI / EMIRATES BUSINESS Finance House (FH) announced its Corporate Credit Rating of “BBB-” (Long-Term) and “A3″ (Short-Term). With both Investment Grades recently affirmed by Capital Intelligence (CI), the international credit rating agency, Finance House demonstrates solidly stable outlooks, while maintaining the same Credit Rating for three consecutive years. While affirming the above ratings in a recently released Credit ...

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