Friday 1 July 2016
 
»
Tag
 
»
loss

Abu Dhabi fund IPIC records $2.6bn loss in 2015

Abu Dhabi state investment fund International Petroleum Investment Co (IPIC) said it suffered a net loss of $2.6 billion in 2015, reflecting the blow to the wealthy emirate's finances from low oil prices. The loss compared wit

More…

Abu Dhabi fund IPIC records $2.6bn loss in 2015

Abu Dhabi state investment fund International Petroleum Investment Co (IPIC) said it suffered a net loss of $2.6 billion in 2015, reflecting the blow to the wealthy emirate's finances from low oil prices. The loss compared wit

More…

BlackBerry reports Q1 revenue slump

BlackBerry posted a bigger-than-expected fall in first-quarter revenue on Thursday, but forecast full- year results above market expectations. Its shares were up slightly at $6.79 in premarket trade as it said it expected to post

More…

RJ losses drop $1.4m in Q1

National carrier Royal Jordanian (RJ) has reported a 13 per cent improvement in its first quarter financial results as losses dropped JD1 million ($1.4 million) to JD 7.3 million ($10.2 million) from JD8.3 million ($11.6 million) in the same per

More…

Orascom Construction posts $334m net loss in 2015

Egypt's Orascom Construction said it has registered a net loss of $334.4 million for the financial year 2015 mainly due to a major setback in its US business and expects to return to profitability in this quarter.   A lead

More…

Flydubai launches memorial website for flight FZ981

One month since the tragic loss of flight FZ981, flydubai has launched its memorial website http://withgreatsadness.com/en. The website commemorates the memory of the passengers and crew of flight FZ981 and collects the thoughts a

More…

Oman Air trims losses, says in need of less govt aid

State carrier Oman Air's losses narrowed last year and it required less financial support from the government as the airline boosted its capacity, chairman Darwish Al Balushi said on Sunday. The fate of the carrier, which has

More…

Loss-hit Uber keen to buy self-driving cars

Ride-hailing service Uber has sounded out car companies about placing a large order for self-driving cars, an auto industry source said on Friday. "They wanted autonomous cars," the source, who declined to be named, said

More…

Kuwait Airways seen facing last chance to find its wings

Kuwait Airways' overhaul may be management's last chance to save it, as the slump in oil prices means the government cannot go on funding its losses at a time when it is struggling even to pay public sector salaries, industry experts s

More…

Ithmaar retail growth up, plans new holding firm

Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported an increase in total income and operating income from its core retail banking operations last year.   The improved performance was impacted by recog

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads