Sunday 25 September 2016
 
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Q2

Mezzan Holding revenue up 2.4pc in Q2

Kuwait-based Mezzan Holding has reported that its second quarter revenue increased to KD52.8 million ($175.01 million), representing a 2.4 per cent increase on the same period in 2015. Mezzan Holding is one of the largest manufact

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Industries Qatar Q2 net profit drops 13.6pc

Petrochemicals, metals and fertiliser producer Industries Qatar (IQ) beat analysts' estimates despite posting a 13.6 per cent drop in second-quarter net profit on Wednesday (August 3), according to Reuters calculations. The Mi

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Jazeera Airways H1 net profit slips 3pc

Kuwait-based Jazeera Airways reported a net profit of KD6 million ($19.7 million) for the first half of the year, down 3 per cent from the same period in 2015. Operating revenues for H1 also showed a drop of 7.3 per cent from H1 2015, p

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Zain says Q2 net profit up 14pc as FX losses decline

Zain, Kuwait's No.1 telecom operator by subscribers, reported a 14 per cent rise in second-quarter profit on Sunday, halting an extended earnings slump and aided by reduced foreign exchange losses. The firm had posted falling

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Deutsche Bank chief warns of deeper cuts after Q2 revenue drop

Deutsche Bank warned it may need deeper cost cuts to turn itself around, after revenue fell sharply in the second quarter due to challenging markets and low interest rates. "If the current weak economic environment persists,

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Saudi's Kingdom Holding Q2 net profit falls 22pc

Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 22 per cent fall in second-quarter net profit on Thursday as income from associates and dividends declined. The inves

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Aramex reports $34m net profit for Q2

Aramex, a leading global provider of logistics and transportation solutions, has announced a net profit of Dh125.7 million ($34.22 million) in the second quarter of 2016, an increase of 36 per cent compared to Dh92.5 million ($25.18 million) dur

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Sabic extends earnings slump as Q2 net profit falls 23.2pc

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, reported a 23.2 per cent drop in second-quarter net profit on Wednesday, extending an earnings slump as lower sales prices continued to weigh.

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Sabic extends earnings slump as Q2 net profit falls 23.2pc

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, reported a 23.2 per cent drop in second-quarter net profit on Wednesday, extending an earnings slump as lower sales prices continued to weigh.

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Sipchem Q2 net profit slumps 76.4pc

Saudi International Petrochemical Co (Sipchem) reported a 76.4 per cent slump in second-quarter net profit on Wednesday, as lower sales prices for its products weighed on its earnings for a fifth straight quarter. Sipchem made a p

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