Monday 20 November 2017
 
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Q4

Qurayyat desalination project to start operation in Q4

A desalination project worth OR100 million ($259.7 million) in Oman’s Qurayyat, with a capacity of 44 million imperial gallons per day (MIGD), will start operation in the fourth quarter of this year, said a report. The Quray

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GM posts record profit in fourth quarter, 2015

General Motors Co reported record quarterly and annual profits on Wednesday and promised 2016 will be even better, but unimpressed investors dumped the automaker's shares. The disconnect highlights the challenges facing GM, Fo

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GM posts record profit in fourth quarter, 2015

General Motors Co reported record quarterly and annual profits on Wednesday and promised 2016 will be even better, but unimpressed investors dumped the automaker's shares. The disconnect highlights the challenges facing GM, Fo

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Tasnee swings to fourth straight loss in Q4

Saudi Arabia's National Industrialization Co (Tasnee) swung to a fourth straight quarterly loss on Thursday as it reported its earnings for the final three months of 2015.   Tasnee made a loss of SR690.2 mill

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Oman Cement’s new mill to be completed by Q4

The installation of a new cement mill at the Rusayl complex of Oman Cement Company will be completed by the fourth quarter of this year, said a senior official. The infrastructure supporting the cement silos and bulk dispatches is

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Oman Cement’s new mill to be completed by Q4

The installation of a new cement mill at the Rusayl complex of Oman Cement Company will be completed by the fourth quarter of this year, said a senior official. The infrastructure supporting the cement silos and bulk dispatches is

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ADCB Q4 net jumps 40pc, beats estimates

Abu Dhabi Commercial Bank (ADCB) said on Sunday its fourth-quarter net profit rose 40 per  cent to Dh879 million ($237 million) from Dh628 million a year ago. Five analysts polled by Reuters had expected the bank on average t

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Ezdan Q4 profit plunges 87pc

Ezdan Real Estate, Qatar’s largest developer by market value, suffered a fourth-quarter profit fall of 87.1 per cent on Monday and said it would not recommend paying a cash dividend. Profit for the three months ending December 31 fell to Q

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Kipco posts modest Q4 profit

Investment firm Kuwait Projects Co (Kipco) posted a net profit of KD0.71 million ($2.46 million) in the fourth-quarter, according to Reuters calculations on Monday. Full year net profit came in at KD46.32 million, up from 24.1 million in n

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Dana Gas posts Q4 loss; eyes output boost in Egypt

Dana Gas posted a fourth quarter loss of Dh193 million ($52.54 million), its second consecutive loss, after 2009 accounting write-offs and the impairment of some oil and gas assets. The Abu Dhabi-listed firm however said it would pursue ta

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