Its earnings before interests and taxes grew seven percent to Dh3bln, taking into account currency depreciation in Iran, an area that contributes four percent of the company's revenues, said Iyad Malas
, chief executive officer of Majid Al Futtaim Holding, at a media roundtable yesterday.
and Akel were correct in their assessment that the catastrophic tenure of Demetris Christofias as a president was a liability, there was a visible reluctance or inability to accept and assign blame for those failures, both in the economic field as well as the Cyprus problem.
In the Auto Sprint, it was Malas
who set the pace - setting a time almost half a second faster than Bikawi but not enough by 0.028 seconds to taste victory.
The incumbent is entering the runoff with significantly lower support than in 2013 when he secured 45.46 per cent, or 200,591 votes, against Malas
' 26.91 per cent, or 118,755 in the first round.
appears much more committed to pursuing a settlement of the Cyprus problem than Anastasiades, who turned hardliner in the last year and went to Crans Montana with no intention of signing a deal.
They chose Malas
, a proven loser that had gone into voluntary political exile after 2013, as their candidate in the belief he would have no chance of winning.
congratulated Anastasiades twice in his speech for his re-election and wished him all the best in his work "for the benefit of the country and citizens."
Statements by UN spokesman Aleem Siddique that said 'the Greek Cypriot side was informed of the intention to return the Turkish Cypriot map', were quickly seized by Anastasiades' camp who used the technicality to ask both Malas
and Akel who the real liar was.
Sophie Michaelidou, the director of the Press and Information Office (PIO), waded into the fun at Malas
' expense with a post on her personal Facebook page while the debate was in progress.
The 50-year-old Malas
has promised that his finance minister will not hail from Akel.
Both sides, Anastasiades and Akel-backed Stavros Malas
, whose better-than-expected performance suggested he had a shot at the presidency, will be looking to Diko for backing, even though the party appears split.
After slamming both the Anastasiades and Malas
camps during the run-up to elections, Prokopiou said she would let Papadopoulos announce if and who Diko would support in the second round.