Wednesday 20 June 2018
Profit Margin

Zain Saudi extends $2.3bn loan by five years

Loss-making telecom operator Zain Saudi has reached an agreement to extend the outstanding $2.3 billion on an Islamic loan facility by five years, the company said in a bourse statement on Monday. Zain Saudi, 37-percent owned by K


Saudi 'vulnerable to food inflation'

Saudi Arabia remains vulnerable to increases in food prices due to its high dependence on imports, according to a report. In its new report analysing the impact of higher global food prices on Saudi’s food sector, NCB Capital, the kin


Alba sees record profit margins

Aluminium Bahrain (Alba), one of the largest aluminium smelters in the world, is producing the second highest profit margins of any company in its industry globally, said a report. And this is at a time when profit margins are being squeez


Drake to focus on mid, high end projects

Faced with fierce competition for work in Abu Dhabi, Dubai’s Drake & Scull International will focus on middle and upper range projects to protect profit margins, its chief executive said. Dubai's property crash, which sent house pr

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