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Julphar records AED133.8mn profit

  RAS AL-KHAIMAH / WAM Gulf Pharmaceutical Industries, Julphar, announced sales revenue of AED759.7 million in the first half of this year. The company posted a gross profit of AED465.7 million and its net profit for the period was AED133.8 million. Dr Ayman Sahli, Chief Executive Officer at Julphar said, “We have accomplished significant progress. We have launched the real-time ...

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Emerging stocks extend rally as earnings buttress stimulus bets

  Bloomberg Emerging-market stocks posted the longest streak of weekly gains since Russia’s Crimean invasion ended a similar run in March 2014, on signs corporate earnings are recovering as central banks extend measures to support economic growth. Chinese shares rallied the most in a month as property companies advanced on speculation merger deals will accelerate. Hungary led gains in eastern ...

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Gulf Arab stock markets rise after crude’s best week since April

  Bloomberg Stock markets in Dubai and Qatar led an advance across most Gulf equities after oil, the region’s main source of income, posted the best week since April. Dubai’s DFM General Index advanced 1.2 percent, the biggest gain in almost a month, as Qatar’s QE Index added 0.9 percent. Bloomberg’s GCC 200 Index, a measure of the largest and ...

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