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The scientific and research team behind the Historical Dictionary will continue their diligent work in collaboration with the Arabic Language Academy in the emirate
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Dubai Investments posts Q1 profit of Dh289 million
Khalid bin Kalban, managing director and chief executive of Dubai Investments
Total income for the period was Dh697 million as compared to Dh715 million in Q1 2016. Total assets rose to Dh16.76 billion as against Dh16.11 billion on December 31, 2016 while net worth grew to Dh11.65 billion as at March 31, 2017 compared to Dh11.36 billion as at December 31, 2016. The annualised return on equity achieved for the period was 9.9 per cent.
"In the first quarter of 2016, Dubai Investments reported a gain of Dh187 million on exits from subsidiaries - Marmum Dairy Farm and its distribution arm United Sales Partners. Excluding this one-off item, the net profit for Q1 2017 has increased by Dh178 million," Khalid bin Kalban, managing director and chief executive of Dubai Investments, said.
- business@khaleejtimes.com
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