Tuesday 4 August 2015
 
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Q2

Shell to cut 6,500 jobs, investments to reduce to $30bn

Royal Dutch Shell on Thursday reported a 37 per cent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices. The Anglo-Dutch oil and gas

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Savola Q2 profit falls 15pc, warns Q3 profit will also drop

Saudi Arabia's Savola Group reported a 15.4 per cent fall in second-quarter net profit on Tuesday, missing analyst forecasts as the food producer warned its third-quarter profit was likely to plunge. The company made a net pro

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Saudi Arabia's Tasnee slumps to Q2 net loss

Saudi Arabia's National Industrialisation Company (Tasnee) on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product sales prices and higher costs as it missed analyst forecasts.

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FGB Q2 profit boosted by lending rise

First Gulf Bank (FGB), the third largest lender by assets in the UAE, posted an 8 per cent rise in second-quarter net profit on Sunday, with performance bolstered by growth in new lending and a drop in bad loans. The results conti

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ADIB net profit increases 10.5pc to $136m in Q2

Abu Dhabi Islamic Bank (ADIB), a tier one financial services company, has reported a net profit of Dh502.6 million ($136.7 million) for the second quarter of the year, a 10.5 per cent increase from the same period last year. The n

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Egypt's Juhayna posts 64pc rise in Q2 net income

Juhayna Food Industries, one of Egypt's largest dairy product and juice makers, reported second-quarter net profit of E£65 million ($8.3 million), a 64 per cent increase from the same period last year. The company's

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Oman's Raysut Cement Q2 net profit falls 33pc

Oman's Raysut Cement posted a 33 per cent drop in second-quarter net profit on Tuesday, according to Reuters’ calculations. The largest cement firm by market value in the sultanate made RO4.93 million ($12.8 million) in

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Saudi shipper Bahri doubles Q2 profit

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, said on Monday its second-quarter net profit more than doubled due to increased fleet size and rates for transporting spot crude. The c

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Saudi Cement records 11.8pc fall in Q2 profit

Saudi Cement posted a 11.8 per cent fall in second-quarter net profit on Monday, missing analyst forecasts due to lower sales. The kingdom's largest cement firm by market value said in a bourse filing its net profit for the th

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Khaleeji Commercial Bank net profit surges 166.9pc

Khaleeji Commercial Bank (KHCB), a prominent Islamic retail bank, has achieved a net profit of BD 1.2 million ($3.18 million) for the second quarter of 2014, an increase of 166.9 per cent compared to the same period last year. Compared

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