Wednesday 28 September 2016
 
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Saudi Electricity to privatise assets by 2016-end

Saudi Electricity Company (SEC) plans to privatise its assets by the end of the year, its chairman said on Wednesday, as part of a drive to increase efficiency in the kingdom's utilities. "We expect to complete the planne

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Saudi Electricity to privatise assets by 2016-end

Saudi Electricity Company (SEC) plans to privatise its assets by the end of the year, its chairman said on Wednesday, as part of a drive to increase efficiency in the kingdom's utilities. "We expect to complete the planne

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NMC Health H1 net profit up 48pc

NMC Health, a leading integrated private healthcare network operator in the UAE, today reported an adjusted net profit attributable to shareholders of $67.8 million for the six months ended June 30, an increase of 48.2 per cent year-on-year.

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Bahrain Islamic posts H1 profit of $8.1m

Bahrain Islamic Bank (BisB) has announced a net profit of BD3.1 million ($8.1 million) for the six months ended June 30, reported the Gulf Daily News, our sister publication. To read further, please visit

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Gulf International Bank Q2 profits top $31m

Gulf International Bank (GIB), a leading bank in the Middle East, reported a net income of $31.2 million after tax in the second quarter (Q2) of the year, compared to $20.9 million in the prior year period. The bank’s consol

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Jet Airways reports $19m profit for Q1

Jet Airways Group, India’s premier international airline, has announced its fifth successive profitable quarter for the period ending June 30, 2016 based on continuing improvement in aircraft utilisation, increased efficiency and reduction

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Air Arabia H1 net profit up 3.5pc

Air Arabia reported a net profit of Dh245 million ($66.6 million) for the first half of 2016, jumping up 3.5 per cent from Dh237 million ($64.5 million) reported for the same period last year. The company’s turnover for the

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Bahrain Duty Free posts $8.9m H1 net profit

Bahrain Duty Free Complex has reported a net profit of $8,918,796 for the first half of the year, a 35.4 per cent decline compared with last year's earnings of $13,805,798, the company said in a statement. The main reason for

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Adnic posts $29.23m H1 profit

Abu Dhabi National Insurance Company (Adnic) reported a net profit of Dh107.4 million ($29.23 million) for the first six months of this year, compared to a net loss of Dh298.8 million for the same period in 2015. The company&rsquo

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Gulf Hotels Group posts H1 profit of $24.8m

Bahrain-based Gulf Hotels Group (GHG) posted a total gross operating revenue of BD16.382 million ($43.1 million) and a net profit of BD9.454 million ($24.8 million) during the first six months of 2016 after consolidating the results of Bahrain T

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