Air Arabia: 6.6 per cent
Benefits: This Sharjah-based low-cost carrier currently flies to 88 destinations. Efficiently run, Air Arabia's second quarter net profit surged 128 per cent from the same period last year amid cost-cutting and increased passenger numbers. The current bout of low oil prices should boost its bottom line further.
Watch out for: Increased competition from other low- cost carriers and higher fuel costs. Both might lower the carrier's profitability.
FGB: 6.5 per cent
Benefits: With banking interest rates at record lows, it might be worth putting your money into this bank's shares, rather than in a bank deposit – that's if you can handle the volatility of share price movements and can commmit to a long-term investment. The lender has been exceedingly profitable and is controlled by the Abu Dhabi government, giving it stability.
Watch out for: The UAE's competitive banking scene.
Aramex: 5.2 per cent
Benefits: The Middle East's biggest home-grown courier company is growing its business and focusing on expanding in Asia, Africa and Europe through acquisitions and partnerships while building up its e-commerce business Shop & Ship, which delivers consumer items to its customers who buy from retailers such as Amazon and eBay.
Watch out for: Increased competition with the likes of DHL, UPS and Federal Express.
mkassem@thenational.ae
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