Wednesday 21 November 2018

Arcapita swings to $50.2m profit

Bahrain-based investment firm Arcapita swung to a profit in its fiscal year ended June 30, it said on Wednesday, helped mainly by multiple exits or disposals of assets in its investment portfolio. The Islamic investment firm recorded net i


Jet Airways swings to quarterly net profit

India's largest private sector airline, Jet Airways, has swung to a net profit of R35 million ($740,000) for the first quarter of the financial year to June from a loss of Rs2.25 billion in the same period a year earlier. Jet Airways


Saudi Maaden swings to Q2 profit

State owned Saudi Arabian Mining Company (Maaden) swung to a second quarter profit but the results fell short of analysts expectations. The company reported a net profit of 31.24 million riyals ($8.33 million) for the second quarter compar


Gulf stocks still safe bet in volatile world

Investors who picked Middle East stocks as an insurance policy say high oil prices still make the region a better long-term bet than many emerging markets, despite suffering a reality check this week. For all the talk of their ability to w

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