11-05-2016 09:00 via news.yahoo.com

BUZZ-Dubai's Amlak rises after Q1 earnings

May 11 (Reuters) - ** Shares in Dubai's Islamic mortgage provider Amlak Finance rise 3.5 percent to 1.50 dirhams ** Company reported first-quarter profit jumped to 123 million dirhams ($33.5 million) from 6 million dirhams a year earlier ** Total revenue climbed to 363 million dirhams from 104 million dirhams, although rise was partly due to 134 million dirhams from partial sale of land projects, and revenue from financing business activity fell 27 percent ** Managing director Arif Alharmi predi
Read more »