Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE's Waha Capital profit up 78 percent in Q1  Join our daily free Newsletter

MENAFN - 14/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN) Waha Capital reported a 78 percent rise in its net profit for the first quarter of this year to reach USD41.37 million, resulted from the sale of its stake in an aircraft leasing business, according to the National.ae.

In April, Waha sold 60.7 percent stake in AerLift Leasing, which owns a portfolio of 11 commercial aircraft, to a newly-established US-based aircraft leasing company.

The company's revenue resulted from the sale of the AerLift Leasing stake, along with strong returns from the Abu Dhabi investment company's other aircraft business, AerCap Holdings.

Salem Rashid Al Noaimi, the chief executive and managing director of Waha Capital, said: "It is particularly important to note that our profits are now being generated from across our investment portfolio."

 


MENAFN




  MENA News Headlines
 May 6 2015 - Abu Dhabi launches USD408.48m fluorides complexMENAFN
(MENAFN) The Emirate of Abu Dhabi launched its USD408.48 million Gulf Fluor's fluorides complex in the Industrial City of Abu Dhabi (ICAD) through an inauguration held by the Chief of the Emirate, ...

 May 6 2015 - Jordan's tourism revenue decreases to USD906.5m in Q1MENAFN
(MENAFN) Jordan's tourism sector posted revenue of USD906.5 million in the first quarter of the year, marking a decrease by 11.9 percent year-on-year, Reuters reported.The slump is due to the ...

 May 6 2015 - Austria's RP Global to build USD1.5b projects in DubaiMENAFN
(MENAFN) RP Global, subordinate of the RP Group of Companies headquarter in Vienna, is ready to invest USD1.5 billion on building two projects in Dubai, Arabian Business reported.Among the projects ...

 May 6 2015 - UAE non-oil trade hits USD291.38b in 2014MENAFN
(MENAFN) The non-oil trade sector if the United Arab Emirates recorded a total of USD291.38 billion in 2014, marking a slight 1 percent limp year-on-year, Kuwait News Agency reported.The data are ...

 May 6 2015 - Syrian armed groups invited to Geneva talksThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Renewed UN-led efforts to revive peace talks in Syria are getting under way in Geneva. More than 40 Syrian groups including Syrian opposition armed groups ...

 May 6 2015 - Senegal to contribute troops to Saudi-led Yemen campaignThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Senegal will dispatch 2,100 troops to participate in a Saudi-led offensive in Yemen, Senegalese Foreign Minister Mankeur Ndiaye told parliament on Monday.The ...

 May 6 2015 - US- Kerry announces aid, support for Somali refugees in KenyaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) US Secretary of State John Kerry on Monday pledged to step up assistance to Somali refugees in Kenya, saying that a major refugee camp in northern Kenya would ...

 May 6 2015 - Palestine- Gaza security forces arrest 'pro-Daesh' salafistsThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Hamas-led security forces in the Gaza Strip carried out an overnight arrest campaign targeting salafists who have voiced support for the Daesh militant group, ...

 May 6 2015 - Germany destroys Syria's toxic chemicalsThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Germany has destroyed 370 tons of Syria's chemical weapons, the country's Foreign Ministry announced late on Monday."A remarkable international collaboration ...

 May 6 2015 - Uzbek official who played role in Karimova case charged with corruptionThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Uzbek official responsible for confiscating the assets of disgraced presidential daughter Gulnara Karimova has been charged with corruption and abuse of ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help