Gulf Air, Bahrain’s national carrier, has reported a decline of almost BD40 million ($105.37 million) in annual losses to BD24.1 million ($63.48 million) in 2015, a significant 62 per cent reduction from BD62.7 million in 2014, BNA n
A meeting of shareholders in Dubai-listed construction firm Arabtec Holding approved on Wednesday a plan to use Dh1 billion ($272 million) of the company's statutory reserves to wipe out some of its accumulated losses.
Marka, a major retail company in the UAE, reported total revenue of Dh75.73 million ($20.6 million), for the first quarter of the year.
Total losses reported for the period were Dh18.13 million; however the net operating loss for
Thirteen Iranian soldiers were killed in a battle with Islamist militants over a village near the Syrian city of Aleppo, Tehran said on Saturday, in one of Iran's biggest single-day losses since it sent forces to support President Bashar Al
Asian shares rose on Friday, on track for weekly gains, shrugging off global losses logged after the European Central Bank eased aggressively but suggested it was running out of room to cut interest rates even if other stimulus options remaine
Oil prices steadied on Friday, snapping a week-long decline as investors closed positions at the end of a volatile week that saw prices slide nearly 10 per cent on renewed signs a global supply glut was here to stay.
Gulf Air, Bahrain’s national carrier, posted its strongest financial results in a decade during 2014, reducing its annual losses from BD93.3 million ($245.759 million) in 2013 to BD62.7 million ($165.156 million) in 2014, which works out t
Petrofac Ltd reported a net loss for the first half, hurt by a steep increase in costs at its Shetland Islands project, and said it still expected net profit for the year to be weighted towards the second half.
Bahrain’s national carrier Gulf Air's losses this year are expected to be less than a quarter of what they were just three years ago.
Transportation and Telecommunications Minister Kamal Ahmed told MPs yesterday (April 7
Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices, the International Monetary Fund