Barwa Real Estate announces first half profit growth
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Barwa Real Estate announces first half profit growth

Barwa Real Estate announces first half profit growth

Qatar's Barwa Real Estate has said its first-half profit grew 33% after receiving government support to repay some Islamic finance obligations, Bloomberg has reported. Net income rose to QR498.4m ($137m) from QR374.2m in the year-earlier period. The developer recorded QR914.9m in gains after the government approved a request to free the company from obligations under Islamic financing contracts provided by Qatari banks and related finance costs.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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