Business | Investment
TNI half-year consolidated revenues exceed Dh122m
The National Investor (TNI), one of the region's merchant banks, announced consolidated net profits of Dh34.9 million for the first half of 2008. The Abu Dhabi-based company also reported consolidated revenues of Dh122.6 million.
- Staff Report
- Published: 13:03 November 5, 2008
Abu Dhabi: The National Investor (TNI), one of the region's merchant banks, announced consolidated net profits of Dh34.9 million for the first half of 2008. The Abu Dhabi-based company also reported consolidated revenues of Dh122.6 million.
Abdullah M. Al Mazrui, Chairman, The National Investor said: "This is an honourable achievement and we are satisfied with this performance considering current market conditions, which is testament to our diversified business model.''
"Whilst we anticipate that the financial climate will be challenging in the coming months, TNI is confident it will continue to consolidate its position as one of the UAE's most established banking institutions," said Orhan Osmansoy, CEO of The National Investor.
More from Investment
More from Business
Business Editor's choice
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
