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)
Samsung Electronics saw its July-September quarterly profit fall to the lowest level in more than three years, as a decline in earnings from its smartphone business set the South Korean giant on track for its worst year since 2011.
Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover next year after an increase in the cost of raw materials squeezed margins this year, its chairman said.
Safwan Thabet said
Saudi Arabia's Yanbu National Petrochemical (Yansab) reported a 20.1 per cent drop in third-quarter net profit, in line with analysts' estimates, as sales volumes declined.
The firm, a subsidiary of Sau
Samsung Electronics sung said its operating profit fell 24.6 per cent in the second quarter of the year to 7.2 trillion won ($7.03 billion), marking its worst quarterly profit in two years.
The drop in profits also flagged u
Standard Chartered warned profits would fall in 2014 for the second year in a row after first-half earnings dropped by a fifth due to tougher regulations and low market volatility in its trading business.
The bank also said on Thu
Arab Bank Group reported 5.4 per cent growth in net profits after taxes and provisions for the first quarter of 2014, reaching $216.3 million compared to $205.1 million for the same period last year.
Customer deposits also increas