Bank Muscat posts 20% rise in Q1 profit
Muscat - Arabstoday
Bank Muscat, Oman’s largest lender by market value, rode increased lending growth and a drop in impairments to post a 20-per cent rise in first-quarter net profit, beating analysts’ forecasts. First-quarter net profit rose to 33.4 million rials ($86.75 million), compared with 27.8 million for the year-ago period, Bank Muscat said in a bourse statement on Monday. Four analysts polled by Reuters were on average expecting the bank to post a net profit of 31.6 million rials for the quarter. Impairments against credit losses dropped to 12.5 million rials from 13.1 million rials, the lender said.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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