Tuesday 24 January 2017
 
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Sabic 2016 profit down 4.58pc to $4.77bn

Saudi Basic Industries Corp (Sabic), a leading petrochemicals groups, reported a net profit of SR17.91 billion ($4.77 billion) for 2016, compared to SR18.77 billion ($5 billion) the previous year, posting a decrease of 4.58 per cent.

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Sabic 2016 profit down 4.58pc to $4.77bn

Saudi Basic Industries Corp (Sabic), a leading petrochemicals groups, reported a net profit of SR17.91 billion ($4.77 billion) for 2016, compared to SR18.77 billion ($5 billion) the previous year, posting a decrease of 4.58 per cent.

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Global aviation profit levels to drop 17pc in 2017 - report

The outlook for the global aviation industry looks gloomy as a sustained stronger US dollar and low oil prices make travel for overseas customers more expensive, tightening market conditions. According to a recent report released

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Bahri reports $469m net profit

National Shipping Company of Saudi Arabia (Bahri), a leader in logistics and transportation, has reported a net profit of SR1.76 billion ($469.3 million) for the year ending December 31, 2016. The company announced the results fol

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Bahri reports $469m net profit

National Shipping Company of Saudi Arabia (Bahri), a leader in logistics and transportation, has reported a net profit of SR1.76 billion ($469.3 million) for the year ending December 31, 2016. The company announced the results fol

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Qatar al khaliji's operating income soars to $329m

Qatar-based Al Khalij Commercial Bank (al khaliji) said its net operating income for 2016 soared to QR1.2 billion ($329 million), up one per cent over the previous year despite various global economic challenges. Announcing the re

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Emirates Islamic income hits $680m in 2016

Emirates Islamic, one of the fastest growing banks in the UAE, said its total income (incuding the net of customers’ share of profit and distribution to Sukuk holders) for 2016 surged three per cent to Dh2.5 billion ($680.4 million).

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Emirates NBD posts $1.97 billion net profit

Emirates NBD, the UAE’s largest lender, posted a net profit of Dh7.24 billion ($1.97 billion) for the financial year 2016, up 2 per cent compared to the previous year. However, the total income declined 3 per cent y-o-y to D

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Qatar GWC's 2016 net profit surges 11pc

Qatar’s leading logistics provider GWC has concluded 2016 with one of the healthiest growth rates in the country, achieving a 11 per cent jump in its net profit which soared to QR206 million ($57 million) from QR185.2 million ($51 million)

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Air Arabia Q3 net profit up 26pc

Air Arabia, the largest low-cost carrier in the Mena region, has reported a net profit of Dh297 million ($80.8 million) for the third quarter of the year, up 26 per cent compared to Dh235 million ($63.9 million) recorded in the same period in 20

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