Middle East Economic Survey

VOL. LIII

No 34

23-Aug-2010

REGIONAL

APICORP Reports 95% Net Income Growth in 1H10

The Arab Petroleum Investments Corporation (APICORP) has reported an above-budget net income of $47mn in the first half of 2010, a 95% increase over the same period last year, it said on 8 August. APICORPs financial results for 1H10 also recorded a 75% jump in total income to $52mn, while assets climbed to $4.3bn from $4.1bn at the end of 2009. Total shareholders equity, meanwhile, has...