Thursday 11 February 2016
 
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Losses

Oil steadies after week of heavy losses

Oil prices steadied on Friday, snapping a week-long decline as investors closed positions at the end of a volatile week that saw prices slide nearly 10 per cent on renewed signs a global supply glut was here to stay.  

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Gulf Air cuts losses by 32.8pc to $165m

Gulf Air, Bahrain’s national carrier, posted its strongest financial results in a decade during 2014, reducing its annual losses from BD93.3 million ($245.759 million) in 2013 to BD62.7 million ($165.156 million) in 2014, which works out t

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Petrofac posts net loss hurt by Shetland Islands project costs

Petrofac Ltd reported a net loss for the first half, hurt by a steep increase in costs at its Shetland Islands project, and said it still expected net profit for the year to be weighted towards the second half.  

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Gulf Air losses to fall sharply this year

Bahrain’s national carrier Gulf Air's losses this year are expected to be less than a quarter of what they were just three years ago. Transportation and Telecommunications Minister Kamal Ahmed told MPs yesterday (April 7

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Oil export losses to reach $300 billion in Middle East

Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices, the International Monetary Fund

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Iranian stake hurts Indian refiner's revival plan

Indian Oil Corp (IOC), the country's biggest refiner, is exploring options including a merger to save loss-making unit Chennai Petroleum Corp (CPCL), its chairman B Ashok told Reuters.   CPCL's attempts t

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Gulf Air cuts losses by 30pc on higher revenue

Bahrain’s national airline Gulf Air has claimed that it has cut year-on-year losses by nearly a third and increased overall revenue by 10 per cent in the first half this year. However, the airline declined to provide figures

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Bahrain's blaze-hit suq to be rebuilt: Premier

Bahrain's Premier has called for the blaze-hit suq in Muharraq to be rebuilt. His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa gave the instructions as he inspected the damage.   He dire

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Dubai stocks extend losses

United Arab Emirates shares fell further on Monday as retail investors took the flight from emerging markets elsewhere as a cue to book profits, while lower oil prices weighed on Saudi petrochemical shares. In contrast to the hard

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Saudi bourse plans tougher penalties for big losses

The Saudi Arabian Capital Market Authority (CMA) has tightened rules on how long shares in listed firms can trade if the companies have large accumulated losses, it said on Monday, in a move that analysts said could soon affect several firms.

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