Thursday 28 May 2015
 
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Dubai retail operator posts $2.2m net loss

Marka, a Dubai-based retail operating company, has posted a net loss on Dh8.3 million ($2.28 million) for the three months ending on March 31, not reflecting the recent acquisitions or operational activities. The operational highl

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Royal Jordanian net loss drops 64pc

Royal Jordanian (RJ), the flag carrier of Jordan, has reported a 64 per cent decrease in net loss in the first quarter of the year, to JD8.3 million ($11.6 million) from JD23 million ($32.3 million) incurred in the same period last year.

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Saudi Mobily swings to Q1 net loss

Saudi Arabia's Etihad Etisalat (Mobily), which is under investigation by the bourse regulator for insider trading and share price manipulation, missed forecasts as it swung to a SR199 million ($53 million) net loss in the first quarter.

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Saudi's Tasnee swings to Q1 net loss

Saudi Arabia's National Industrialization Company (Tasnee) said it swung to a first-quarter net loss on Monday that the petrochemical producer blamed on lower sales prices and adverse foreign exchanges hedging contracts at a subsidiary.

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Saudi's Tasnee swings to Q1 net loss

Saudi Arabia's National Industrialization Company (Tasnee) said it swung to a first-quarter net loss on Monday that the petrochemical producer blamed on lower sales prices and adverse foreign exchanges hedging contracts at a subsidiary.

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GE posts $13.6bn loss on finance sale charges

General Electric has reported a $13.6 billion first-quarter loss on charges from its plan to sell most of GE Capital as profits rose in four of seven industrial businesses. The big loss had been expected after GE said a week ago t

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Saudi Kayan swings to Q1 net loss

Saudi Kayan Petrochemical Company swung to a net loss in the first-quarter as prices, production and sales all declined, the company said on Thursday. Saudi Kayan, an affiliate of Saudi Basic Industries Corporation (Sabic) made a

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Adnic swings to $76m loss in 2014

Abu Dhabi National Insurance Company (Adnic) has reported a net loss of Dh280 million ($76.2 million) for the year 2014 as compared to net profit of Dh156 million ($42.4 million) during the previous year. Net Investment Income inc

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EFG Hermes posts $70m profit on bank expansion

Egypt's EFG Hermes turned a profit after tax and minority interests of EGP538 million ($70.51 million) last year after a net loss of EGP540 million the year before, helped by strong growth in its regional investment banking operations, the b

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Jordan airline posts deeper loss due to regional unrest

Royal Jordanian (RJ), the national airline of Jordan, has reported a deeper yearly net loss of JD39.6 million ($55.9 million), hit by regional instability that led to the suspension of flights to some of its main destinations in the Middle East.

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