Tuesday 18 December 2018
 
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Port of Salalah reports $4.9m loss post cyclone

Oman’s Port of Salalah reported a net loss after tax of RO1.922 million ($4.99 million) for the nine months ended September 30, a 169 per cent decline attributed in significant part to Cyclone Mekunu which devastated the transhipment hub w

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Gulf Navigation swings to H1 loss

Dubai-based Gulf Navigation Holding has reported a loss of Dh14.761 million ($4.01 million) for the first half of 2018, compared to profits of Dh19.029 million ($5.18 million) during the same period last year. The company said tha

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Gulf Navigation swings to H1 loss

Dubai-based Gulf Navigation Holding has reported a loss of Dh14.761 million ($4.01 million) for the first half of 2018, compared to profits of Dh19.029 million ($5.18 million) during the same period last year. The company said tha

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Saudi contractor Al Khodari narrows 2017 net loss

Saudi contractor Abdullah Abdul Mohsin Al Khodari Sons said it has narrowed its net loss for 2017 by 15 per cent from SR119.4 million ($31.8 million) the previous year to SR111 million ($27 million). While its gross loss widened b

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Taqa swings to profit after record loss in 2016

Abu Dhabi National Energy Company (Taqa) has registered a Dh171 million ($46.5 million) net profit in 2017 compared to a Dh19 billion ($5.2 billion) loss the previous year, primarily on the back of higher commodity prices that benefitted the oil

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Drake and Scull posts $98m Q3 loss

Drake & Scull International (DSI), a regional market leader in engineering and construction services, has registered a net loss of Dh359 million ($98 million) for the third quarter of 2017 mainly hit by overall productivity of projects.

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Flydubai posts $38.7m H1 loss; revenues top $680m

Dubai-based low-cost carrier flydubai reported a loss of Dh142.5 million ($38.7 million) for the first half of the year despite revenues and passenger numbers going up. The airline had reported a loss of Dh89.9 million ($24.4 mill

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Etihad posts $1.87bn loss; impairment charges blamed

UAE's Etihad Airways recorded a net loss of $1.87 billion in 2016 as one-off impairment charges and fuel hedging losses weighed against a solid performance of the core airline. It posted a total revenue of $8.36 billion. The loss, w

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Jazeera posts $2.9m net loss for Q1

Kuwait-based Jazeera Airways posted a net loss of KD900,000 ($2.9 million) for the first quarter of 2017. The airline's operating revenue for the quarter was KD10.1 million ($33.1 million), down 15.3 per cent from Q1 2016, and

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Saudi Tadawul issues new rules for loss-making firms

Saudi Stock Exchange (Tadawul) will implement new procedures and laid out instructions related to listed companies with accumulated losses reaching 20 per cent or more of its share capital as of April 22, said a report, citing the kingdom'

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