Thursday 23 February 2017
 
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Arabtec eyes $408m rights issue as 2016 loss widens

Arabtec Holding, a leading construction company in the Middle East, is planning to raise Dh1.5 billion ($408 million) from a rights issue after posting a second yearly loss in 2016, according to a report. This has widened to Dh3.4

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Saudi retail giant Savola swings to Q4 net loss

Savola Group, one of Saudi Arabia’s leading retail and food holding companies, has reported a net loss of SR964 million ($257 million) in the fourth quarter of 2016 compared to a net income of SR515 million ($137 million) for the same peri

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Saudi retail giant Savola swings to Q4 net loss

Savola Group, one of Saudi Arabia’s leading retail and food holding companies, has reported a net loss of SR964 million ($257 million) in the fourth quarter of 2016 compared to a net income of SR515 million ($137 million) for the same peri

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Drake & Scull revenue doubles to $237m, trims net loss in Q3

Drake & Scull International (DSI), a regional engineering and services leader based in Dubai, UAE, said its revenue for the third quarter has grown two-fold to Dh869 million ($237 million) from Dh434 million ($118) for the same period last y

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Flydubai cuts H1 loss to $24.5m

Low-cost carrier Flydubai reported a narrower loss in the first half of 2016, posting Dh89.97 million ($24.49 million) from January to June, down 39 per cent from Dh147.40 million ($40.1 million) in the same period last year. Tota

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Paris tourism lost $849.3m after attacks

Islamist attacks, strikes and floods kept foreign tourists away from the French capital in the first half of the year and cost the Paris region tourism industry some €750 million ($849.38 million) in lost revenue, officials said on Tuesday.

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Arabtec Q2 net loss narrows to $50m

Dubai contractor Arabtec reported a narrower loss in the second quarter on Sunday, its seventh straight quarterly loss. Arabtec made a net loss attributable to equity holders in the parent of Dh186.4 million ($50.8 million) in the

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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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