Monday 14 July 2014

Media business 'to top stock indices'

For the first time in five years, the media and entertainment industry is expected to outperform the major stock market indices in 2013, according to a new report. Overall revenue and EBITDA (Earnings Before Interest, Taxes, Depre


Agility Q2 profit up 49pc to $40m

Agility, a logistics major based in Kuwait, today reported a net profit of KD11.5 million ($40.29 million) for the second quarter of 2013, as compared with KD7.7 million for Q2 2012, marking a rise of 49 per cent.  


OCI reports 31pc drop in Q3 income

  Egypt's Orascom Construction Industries (OCI) reported on Wednesday a 31 percent drop in net income for the third quarter of 2012 to $126.8 million, that was near the top end of analyst forecasts.  


Zain Q1 net income soars 40pc to $251m

Kuwait-based telecom operator Zain on Wednesday announced robust first quarter growth with its net income soaring 40 per cent to KD69.9 million ($251.1 million) compared to the same period last year. Announcing the consolidated financial r


Citigroup raises DP World price target

Citigroup raised its price target on the stock of Dubai's DP World by 16 cents, and said it expects the government-controlled port operator to seek further terminal concessions and bolt-on acquisitions, afforded by a rapidly de-leveraging bala


Gold rebounds after hitting 13-month low

Gold bounced after falling to its weakest in 13 months on Thursday, but a surging dollar against the euro capped gains and a sell-off in equities could still drive investors to sell bullion to pay losses. Platinum slipped almost 6 percent

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