Emirates Bank International stemmed a year-long slide in profit in the penultimate quarter before the government combines it with National Bank of Dubai to create the Gulf's largest lender by assets. Du, the UAE's second telecom company, said revenue almost tripled as it doubled its mobile phone customers in the second quarter and boosted sales of fixed-line telephone packages in Dubai.
Abu Dhabi Securities Market
Sorouh Real Estate, the third-largest UAE developer by market value, expects to make a 2007 net profit of "a little over" AED1 billion, the chief financial officer said on Tuesday. Source
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