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Top 10 GCC Cities ●●● and Real Estate Leaders Achievements 2011
    • Yearl Membership

    • Business and finance group launches Top 10 GCC Cities project about real estate leadership and achievements. The launch of this media and economic project comes to cover
    • Economic Accomplishments

    • This event is regarded as the first joint economic Gulf grouping between the performances of the secretariats and municipals of the Top 10 GCC Cities.t
    • Letters of the Strategic Support

    • Letter of Ministry of Municipal and Rural Affairs Letter of Jeddah Municipality Letter of Jeddah Municipality 2 Letter of Holy Capital Letter of Eastern Province Municipality
    • Program Features and Activities

    • This program is the first and largest specialized event which highlights the main accomplishments and those being implemented in the top (10) ten GCC Cities
    • Unlimited Investments

    • The Board of Directors of the Business and Finance Group expresses to you its regards and wish you further progress and prosperity, and we are pleased
    • Registeration Application

    • The Business & Finance Group is pleased to invite you to participate in the Forum & Ceremony of Real Estate Leaderships and Accomplishments of GCC Cities under the sponsorship of Jeddah
    • Electronic Information Center

    • Info ME Information Center electronic specialist section in queries with regard to electronic companies, sectors and information about companies, you can ask a question and be
    • Program of Advertising Participant

    • The Group has allocated an extensive media coverage for all the audio, visual and text media in order to deliver the information needed locally, regionally and internationally
    • Sponsorship Category

    • includes the publishing of (10) issues, where an issue is published each month for each a city participating in this event, as per the rank of each Gulf city in this letter, and the issues are published monthly by the Business & Finance Club Magazine, which is one of the Group’s media activities
   
 

Abu Dhabi's Taqa Q2 net profit up 26pc

Business & Finance Club - Abu Dhabi : Abu Dhabi National Energy Co (Taqa) posted a 26 percent rise in second-quarter net profit, helped by higher oil prices.   

Taqa on Monday posted a net profit of Dh171 million ($46.55 million) in the three months to June 30, compared with a net profit of Dh136 million in the same period last year.

Three analysts forecast net profit of Dh217 million, on average, according to a Reuters poll.

Revenue rose 17 percent to Dh5.14 billion from Dh4.38 billion a year earlier as increase in commodity prices help offset lower production.   

"Total revenues have continued the upward trend which commenced at the end of 2009, benefiting from a more positive commodity pricing environment," chief executive Abdulla Saif Al-Nuaimi, said in a statement on Monday.

Taqa has recently embarked on an aggressive acquisition strategy. In June, the company bought a 40 percent stake in Oman's Sohar Aluminium (SAC) for $400 million as it eyes more stakes in power plants.

Taqa also bought Suncor Energy Inc's Alberta natural gas properties for C$285 million. Taqa which is also an oil and gas producer, owns power plants in Morocco, Saudi Arabia, Ghana, India, the Caribbean and the US.

Taqa shares were down 1.7 percent at 1.19 dirhams at 0606 GMT.

 

 
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