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Du23DUBAI: Dubai Financial Market Co's third-quarter net loss narrowed to 1.7 million dirhams ($463,000) from 9.3 million in the same period last year, the company said on Saturday, citing increased trading activity.

 

The publicly owned company, which runs securities trading in Dubai, said its third-quarter revenue grew to 36.8 million dirhams, compared to 31.7 million dirhams a year ago in an emailed statement.

 

Its net profits for the first nine months of 2012 more than quadrupled to 38.9 million dirhams compared to last year, the company said, citing new income from its margin trading business.

 

The third quarter included Ramadan and the Eid al-Fitr holiday in the Gulf when business is slower.

 

Copyright Reuters, 2012


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln