Friday 29 July 2016
 
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Saudi builder Al-Khodari slumps to Q2 net loss

Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Tuesday it swung to a net loss in the second quarter as earnings were pressured once again by a slowdown in the kingdom's building sector. The c

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Qalaa registers Q1 net loss of $27.33m

Qalaa Holdings, an African leader in energy and infrastructure (formerly Citadel Capital), has posted a first-quarter net loss of E£242.7 million ($27.33 million), wider than E£112.2 million pound loss last year. Annou

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Qalaa registers Q1 net loss of $27.33m

Qalaa Holdings, an African leader in energy and infrastructure (formerly Citadel Capital), has posted a first-quarter net loss of E£242.7 million ($27.33 million), wider than E£112.2 million pound loss last year. Annou

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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

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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

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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

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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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