Sunday 23 July 2017
 
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Jazeera posts $2.9m net loss for Q1

Kuwait-based Jazeera Airways posted a net loss of KD900,000 ($2.9 million) for the first quarter of 2017. The airline's operating revenue for the quarter was KD10.1 million ($33.1 million), down 15.3 per cent from Q1 2016, and

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Gulf Hotels Group posts 2016 net profit of $42.4 million

The Gulf Hotels Group (GHG), a leading hospitality chain in Bahrain, has reported a gross operating revenue of BD36.377 million ($95.8 million) and a net profit of BD16.133 million ($42.4 million) for the year 2016 after consolidating the result

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Air Arabia reports net profit of $138m for 2016

Air Arabia has posted a net profit of Dh509 million ($138.5 million) for the year 2016, 4 per cent lower than the 2015 figure of Dh531 million ($144.5 million). Turnover for the full year 2016 was in line with the preceding 12 mon

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Bank ABC posts $183m net profit for 2016

Bank ABC (Arab Banking Corporation) has reported a consolidated Group net profit of $183 million for the year 2016, 2 per cent higher compared to a profit of $180 million reported for the previous year. Overall during 2016 the gro

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Mena region's superyacht fleet to see continued growth

The propensity of ultra-high net worth individuals (UHNWIs) in the Mena region to buy superyachts built within the last 15 years is 20 per cent, the second highest in the world after Eastern Europe (46 per cent), with propensity to buy based on

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Mena region's superyacht fleet to see continued growth

The propensity of ultra-high net worth individuals (UHNWIs) in the Mena region to buy superyachts built within the last 15 years is 20 per cent, the second highest in the world after Eastern Europe (46 per cent), with propensity to buy based on

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Aramex reports $116m net profit for 2016

Aramex, a leading global provider of logistics and transportation solutions, has reported that the company’s 2016 full year net profits increased by 37 per cent to Dh426.6 million ($116.1 million), compared to Dh311.3 million ($84.7 millio

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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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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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