Sunday 26 February 2017
 
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Saudi real estate prices down for 8 straight quarters

After witnessing a marginal growth in 2014, the Saudi Arabia's real estate prices have fallen to new lows for the past eight consecutive quarters due to weakness in the residential sector, mainly plots and apartments, said a report.

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Bahrain Award for Entrepreneurship enters quarter finals stage

The organizing committee of the third edition of the Bahrain Award for Entrepreneurship has announced the commencement of the Quarter Final stage for participating Bahraini companies. Held under the patronage of His Royal Highness

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Saudi developer Jabal Omar swings to quarterly profit

Jabal Omar Development, the largest listed real estate group in Saudi Arabia by market capitalisation, has reported a quarterly net profit of SR691 million ($184 million), up from a loss of SR127 million ($33.8 million) for the same period last

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Saudi's Yansab Q1 net profit up 41pc

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) reported a 41 percent rise in first-quarter net profit on Wednesday, beating analysts' forecasts.   The firm, a subsidiary of Saudi Basic Industries

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Jet Airways posts third straight profitable quarter

Jet Airways, India's second-biggest carrier by market share after privately held IndiGo, said it has registered its third consecutive profitable quarter posting a $71-million Q3 profit for the period ending December 31, 2015.

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Alba Q3 production up 2.9pc

Aluminium Bahrain (Alba), one of the world's leading aluminium smelters, said on Sunday its third-quarter output rose 2.9 per cent despite significant drops in London Metal Exchange prices. The sales figures reached 238,862 me

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NBB profit increases 3.2pc to $79m

National Bank of Bahrain has reported a 3.2 per cent increase in net profit at BD29.67 million ($78.91 million) for the six months ended June 30 when compared with BD28.74 million for the corresponding period of the previous year.

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Saudi's Yansab Q1 net profit slumps 48.7pc

Saudi Arabia's Yanbu National Petrochemical Company (Yansab) reported a 48.7 per cent drop in first-quarter net profit on Monday. The firm, a subsidiary of Saudi Basic Industries Corporation (SABIC), made a net profit of 285.1

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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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National Bank of Oman net profit jumps 25pc

National Bank of Oman, the sultanate's second-largest lender by assets, posted a 25 per cent rise in second-quarter net profit, beating analysts' expectations.   The lender made a net profit of RO12.7 mil

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