Posted by: Syed Ayub
Sunday, 3 June 2012 10:39 AM[UAE]
- United Arab Emirates
No surprise that banks and telecom companies who rip us the most are in the top 30. During a downturn, when everyone is trying to save every penny, shouldn't they be lowering their earnings and give us some rebate as a corporate social responsibility. They may charge higher when the economy picks up. It does not look good to post such high profits when the greater masses are going through a rough patch.
Please take banks out of this list to see Real Companies with Real profits. Banks operate in a semi-monopoly environment where they set their own profit rates, penalties and excessive surcharges on laons, products and many hidden services/costs. I would really like to see how banks can profit in a more controled environment were the customers are not being ripped out of their money and properties.
Posted by: michael farley
Friday, 30 March 2012 1:21 PM[UAE]
- uae
This a list of the most profitable Government Companies, what about the private companies, who invest private monies. I guess they dont have the advantage of government subsidies and support.
Just about everything Badr Jafar touches turns to golD, formed just seven years ago, his crescent enterprises is raking in over a billion dollars in revenues and is highly profitable. But the young Emirati insists profits are just part of the plan.
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