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Muscat Port revenues drop 98pc drop in H1

Port Services Corporation (PSC), the joint stock company that operates and manages Muscat’s Port Sultan Qaboos, has reported a 98.1 per cent drop in net profit for the first six months of this year in comparison to figures from the same pe

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Oil stages 4th weekly drop as China factories slow

Oil prices neared four-month lows on Friday, set for their fourth straight week of declines, after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. Data showing activity i

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Traffic accidents drop in Abu Dhabi during Ramadan

Abu Dhabi Police recorded a total of 130 accidents in the emirate during the month of Ramadan, a drop from the 165 incidents during the same period last year. The statistics, issued by the Traffic and Patrols Directorate at the Di

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Saudi Kayan cuts Q2 loss as feedstock prices ease

Saudi Kayan Petrochemical Company cut its net loss in the second quarter, it said on Wednesday, helped by a drop in feedstock prices. The company, an affiliate of Saudi Basic Industries Corp (Sabic), made a net loss of SAR13.42 mi

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Saudi Kayan cuts Q2 loss as feedstock prices ease

Saudi Kayan Petrochemical Company cut its net loss in the second quarter, it said on Wednesday, helped by a drop in feedstock prices. The company, an affiliate of Saudi Basic Industries Corp (Sabic), made a net loss of SAR13.42 mi

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Safco Q2 net profit down 6.7pc, beats estimates

Safco Q2 net profit down 6.7pc DUBAI Saudi Arabia Fertilizers Company (Safco) posted a 6.7 per cent drop in its second-quarter net profit on Sunday, although the earnings still beat analysts' forecasts.

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Safco Q2 net profit down 6.7pc, beats estimates

Safco Q2 net profit down 6.7pc DUBAI Saudi Arabia Fertilizers Company (Safco) posted a 6.7 per cent drop in its second-quarter net profit on Sunday, although the earnings still beat analysts' forecasts.

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Egypt's annual core, urban inflation drops in June

Egypt's annual urban consumer inflation and core inflation dropped in June after rising last month, with analysts saying the fall reflected slower growth in food prices. Urban consumer inflation dropped to 11.4 per cent from 1

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Saudi exports drop 8pc to $342bn, imports rise

Saudi Arabia's total exports dropped 8.9 per cent to SR1.28 trillion ($342.28 billion) last year, while its imports rose 3.3 per cent to SR651.88 billion, according to a report. The kingdom’s oil exports comprised 83 per

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Jaguar Mena launches ‘Rapid Drop-Off Service’

Leading manufacturer of premium luxury vehicles Jaguar Mena has launched the Jaguar Rapid Drop-Off Service, underscoring efforts to offer Jaguar owners a five-star customer experience. Kicking-off in Dubai, the Jaguar Rapid Drop-O

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