Wednesday 20 September 2017
 
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Cineco reports record net profit of $94.5m

Bahrain Cinema Company (Cineco), a market leader in the entertainment industry in the kingdom, reported a record net profit of BD35.89 million ($94.5 million) for the first six months of 2017, a major leap from BD1.4 million ($3.6 million) recor

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Jazeera Q2 net profit hits $7.6m

Kuwait-based Jazeera Airways has recorded a net profit of KD2.3 million ($7.6 million) for the second quarter of the year, up 18.1 per cent over its KD1.9 million ($6.2 million) net profit in Q2 2016. The carrier's results wer

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Bahrain Duty Free posts $9.5m H1 net profit

Bahrain Duty Free has reported a net profit of $9.5 million for the first half of the year, an increase of 7.5 per cent compared to last year's earning’s of $8.9 million, the company said in a statement. Total sales for

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Air Arabia posts strong Q2 net profit of $43m

Sharjah-based Air Arabia has registered a net profit of Dh158 million ($43 million) for the second quarter - an increase of 21 per cent compared to Dh131 million ($35.6 million) reported for the same period last year. The company&

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Agthia Group reports net profit of $32m for H1

Agthia Group, a leading food and beverage group in the UAE, has reported net profit of Dh118 million ($32.12 million) for the first half of 2017, while net revenue grew 2.2 per cent from the same period of 2016 to reach Dh1.07 million ($291,315)

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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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