National carrier Royal Jordanian (RJ) has reported a 13 per cent improvement in its first quarter financial results as losses dropped JD1 million ($1.4 million) to JD 7.3 million ($10.2 million) from JD8.3 million ($11.6 million) in the same per
Egypt's Orascom Construction said it has registered a net loss of $334.4 million for the financial year 2015 mainly due to a major setback in its US business and expects to return to profitability in this quarter.
One month since the tragic loss of flight FZ981, flydubai has launched its memorial website http://withgreatsadness.com/en.
The website commemorates the memory of the passengers and crew of flight FZ981 and collects the thoughts a
State carrier Oman Air's losses narrowed last year and it required less financial support from the government as the airline boosted its capacity, chairman Darwish Al Balushi said on Sunday.
The fate of the carrier, which has
Ride-hailing service Uber has sounded out car companies about placing a large order for self-driving cars, an auto industry source said on Friday.
"They wanted autonomous cars," the source, who declined to be named, said
Kuwait Airways' overhaul may be management's last chance to save it, as the slump in oil prices means the government cannot go on funding its losses at a time when it is struggling even to pay public sector salaries, industry experts s
Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported an increase in total income and operating income from its core retail banking operations last year.
The improved performance was impacted by recog
A case study of a stillborn baby whose Brazilian mother was infected with Zika raises suspicions that the virus may be capable of doing more damage to fetal tissue than previously thought, researchers said.
Al Ahlia Insurance Company has reported a net loss of BD622,699 ($1.65 million) for last year as against a profit of BD1.6 million for the year 2014, said a report in the Gulf Daily News (GDN), our sister publication.
Dubai contractor Arabtec reported a widening fourth-quarter net loss on Sunday that it blamed on tough market conditions.
The firm had also reported widening losses in the preceding four quarters that it attributed to increased co