Fixed-line monopoly Telecom Egypt on Tuesday reported a 31.4 per cent slump in profits for 2014, citing several one-off and operational costs related to license fee payments and tax liabilities.
It said net profit for the year fel
UAE-based Air Arabia, the largest low-cost carrier operating in the Mena region, announced that a nine per cent cash dividend for the year 2014 has been approved at its Annual General Meeting (AGM) today (March 10) in Sharjah.
Flydubai, a Dubai-based low cost carrier, has reported a 12.3 per cent increase in net profit for 2014, compared to 2013.
The budget carrier posted net profit earnings of Dh250 million ($68 million) with total revenue growing by 19.1 pe
UAE-based Etisalat, a leading telecom group, has reported Dh8.9 billion ($2.4 billion) in profit for 2014 driven by strong performance of domestic operations, marking a 26 per cent rise over the previous year.
Full year consolidat
Saudi Arabia's first and only budget airline, flynas, aims to turn profitable this year for the first time since it was launched in 2007, partly by cutting costs, its new chief executive said.
The kingdom's air travel mark
MasterCard , the world's No. 2 debit and credit card company, said worldwide purchase volume increased 12.1 per cent to $858 billion in local currency terms during the fourth quarter of 2014, marking a better-than-expected profit for the hol
Oman Air hopes to achieve profitablity by 2017 under an ambitious plan which focuses on fleet and network expansion and cost reduction.
Oman Air chief executive officer Paul Gregorowitsch set out ambitious proposals for growth at a rece
Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported a total net profit of $4.84 million for the first nine months of the year, compared to a net loss of $11.97 million in the same period last year.
Net profit for the third q
Bahrain Duty Free has reported a net profit of $15.2 million in the first nine months of the year, up 12.3 per cent compared to last year.
The company’s net income rose to $5.9 million in the third quarter, which is a 44.7 per cen
London-based Millennium & Copthorne (M&C) Hotels’ third-quarter profit rose 6.6 per cent as an increase in global business travel drove occupancy and room rates.
Pre-tax profit rose to £50.2 million ($80.16 million)