Tuesday 22 July 2014
 
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decline

Zain Kuwait posts 2pc decline in Q2 profit

Zain, a leading telecom operator in Kuwait, has reported a two per cent decline in second-quarter net profit on Wednesday, matching analysts' estimates.   The former monopoly, which operates in eight countrie

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Expatriate job growth slides in Bahrain

Bahrain has witnessed a sharp decline in employment growth among foreigners, from eight per cent in the first quarter of 2013 to two per cent between January and March this year.   It means employment growth amon

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Saudi illiteracy rates drop 61pc

Saudi Arabia’s illiteracy rates have dropped by 61 per cent during the past nine years, said a report. The kingdom has achieved the goal stated in the Dakar Forum, which took place in Senegal in 2000, in which the participan

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Bahrain wooing cruise tourists

Tourism authorities are increasing their efforts to attract more cruise ships to Bahrain following a decline in the number of vessels visiting the country. The season got underway last month with the arrival of the luxury MS Europ

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Bank Dhofar Q3 net profit down 10.8pc

Bank Dhofar, currently in talks to merge with smaller rival Bank Sohar, recorded a 10.8 per cent decline in third-quarter net profit, Reuters calculated on Sunday. Oman's second-largest bank by market value made a profit of 8.

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Mideast adspend to grow 4.8pc this year

Middle East advertising expenditure is expected to grow 4.8 per cent this year, despite a sharp decline over the last two years, said a report. Adspend shrank 14.9 per cent in 2011 and grew a meagre 1.4 per cent last year, followi

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Al Jazeera launches America channel

New cable network Al Jazeera America introduced itself to viewers on Tuesday with reports on political strife in Egypt and the impact of climate change on US cities, shortly after a major pay TV distributor declined to carry the channel.

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Gold steady after sell-off, US talks eyed

  Gold steadied on Thursday to trade in a narrow range, after suffering its biggest daily decline in nearly four weeks in the previous session, as investors nervously eyed a looming deadline for averting a US fiscal crisis.

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Iraqi Kurds see sharp decline in oil exports

Crude exports from Iraq's northern Kurdish region have dropped to 50,000-60,000 barrels per day from 160,000 bpd since late last month, several Iraqi government sources said on Saturday. The reason for the decline was unknown, they sai

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New born deaths on the decline, says study

Fewer newborns are dying worldwide, but progress is too slow and Africa particularly is being left further behind, said a new study published in the medical journal PLoS Medicine. The study covering 20 years and all 193 World Health Organi

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