Tuesday 3 May 2016
 
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loss

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

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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

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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

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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

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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

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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

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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

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Zika infection may cause stillbirth, loss of brain tissue

A case study of a stillborn baby whose Brazilian mother was infected with Zika raises suspicions that the virus may be capable of doing more damage to fetal tissue than previously thought, researchers said.   The

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Al Ahlia Insurance reports $1.6m net loss

Al Ahlia Insurance Company has reported a net loss of BD622,699 ($1.65 million) for last year as against a profit of BD1.6 million for the year 2014, said a report in the Gulf Daily News (GDN), our sister publication. &nb

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Arabtec Q4 loss widens, swings to annual loss of $626m

Dubai contractor Arabtec reported a widening fourth-quarter net loss on Sunday that it blamed on tough market conditions. The firm had also reported widening losses in the preceding four quarters that it attributed to increased co

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