Home

MENAFN News

Market Data

Research

Tools

Cart

Weather

Quotes:

MENA

Enter Symbol:

NewsLetter:

Search:

advanced

UAE- MAF Holding's 2012 earnings rise 7%

MENAFN - - 24/01/2013


No. of Ratings : 0

E-Mail Article

Printer-Friendly

Translate

Text Size

(MENAFN) Majid Al Futtaim Holding (MAF) CEO, Iyad Malas, stated that the firm's earnings before interests and taxes rose 7 percent to USD816 million, reported Gulf News.

Malas said that revenues for 2012 grew 10 percent from a year earlier to USD5.87 billion.

He noted that 50 percent of the company's total revenue came from its UAE business, moreover, 80 percent of total revenue was generated from its Carrefour franchise, and the remaining 20 percent from hotels and malls.

Meanwhile, MAF Retail forecasts to launch 11 new Carrefour hypermarkets and 27 new supermarkets during the current year, in addition to its 11 malls already established in the region.

It is worth noting that MAF is also mulling land plots in Abu Dhabi and Riyadh, as it plans to establish shopping malls in the two cities.

MENA News Headlines

	May 25 2013	World Bank Grants US $55 Million For Palestinian Development ,Qatar News Agency
		(MENAFN - Qatar News Agency) The World Bank Board of Executive Directors has advised its Board of Governors to authorize the US $55 million replenishment of the West Bank and Gaza Trust Fund. This ...

	May 25 2013	Giant leaps for GCC within economic integration -- experts ,Kuwait News Agency (KUNA)
		(MENAFN - Kuwait News Agency (KUNA)) The GCC achieved giant leaps within the economic integration domain, leading to the increase of capital and commercial exchange, said a number of Bahraini ...

	May 25 2013	Education key to Arab youth empowerment - report ,Kuwait News Agency (KUNA)
		(MENAFN - Kuwait News Agency (KUNA)) The high ambitions and aspirations of Arab youth, who make up the majority of Arab populations, require access to a high quality education to be materialized, a ...

	May 25 2013	USD 224 million SMEs Fund to be established for MENA ,Kuwait News Agency (KUNA)
		(MENAFN - Kuwait News Agency (KUNA)) A fund with a capital base of USD 224 million for financing small and medium enterprises (SMEs) in the Middle East and North Africa (MENA) will soon be ...

	May 25 2013	Design experts discuss new trends at Index seminars ,Khaleej Times
		(MENAFN - Khaleej Times) The Index International Design Exhibition and The Office Exhibition, which close today, have provided the regional interior design and architecture community with an ...

	May 25 2013	UAE adds power to mobile broadband ,Khaleej Times
		(MENAFN - Khaleej Times) The UAE on Wednesday took a critical initiative to stay ahead in broadband connectivity race by unveiling its band plan for 700MHz and the launch of spectrum in the 800MHz ...

	May 25 2013	UAE- Where quality is a habit ,Khaleej Times
		(MENAFN - Khaleej Times) Prime HealthCare Group received the Dubai Quality Appreciation (DQA) Award 2012 for the second time (2007 and 2012 cycle) owing to excellence in the areas of high service ...

	May 25 2013	FGB 3rd most powerful UAE firm: Forbes ,Khaleej Times
		(MENAFN - Khaleej Times) First Gulf Bank, or FGB, has been recognised as the third most powerful company in the UAE and the sixth leading bank in Forbes' Top 500 in the Arab World list. The bank ...

	May 25 2013	Emirates NBD's new 'Bank on Wheels' hits the road ,Khaleej Times
		(MENAFN - Khaleej Times) Emirates NBD added another innovative service to its list of achievements on Friday by operating its Bank on Wheels services, which will enable the lender to assess its ...

	May 25 2013	Emirates opens refurbished lounge at Paris airport ,Khaleej Times
		(MENAFN - Khaleej Times) Emirates, has inaugurated its refurbished Paris Charles de Gaulle Lounge for First Class and Business Class passengers as well as Platinum and Gold members of Emirates ...

more...

Most popular stories

24 Hours

7 Days

30 Days

Track Flight Status & more at www.flightstats.com


		MENAFN News	Market Data	Countries	Tools	Section
	Arabic MENAFN	Main News News By Industry News By Country Marketwatch News UPI News Comtex News IPO News Islamic Finance News Private Equity News How-To Guides Technology Section Travel Section Search News	Market Indices Quotes & Charts Global Indices Arab Indices US Markets Details 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 Investment Game Economic Calendar Financial Glossary My MENAFN Portfolio Tracker Voting 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

© 2000 menafn.com All Rights Reserved. Terms of Service \| Privacy Policy \| Contact Us \| Advertise \| About MENAFN \| Career Opportunities \| Feedback \| Help