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Shuaa Capital Q1 net loss narrowsShuaa Capital, the Dubai-based investment bank, said on Tuesday that its first-quarter net loss narrowed as it reduced operating costs by a third amid shrinking revenues. More… |
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TDIC loss at $591m over property slumpAbu Dhabi's tourism development company, which is building local branches of the Louvre and Guggenheim museums, posted a widening loss last year amid the emirate's property slump and said it could take seven years to turn a profit. More… |
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Zain Saudi narrows Q1 net lossIndebted telecom operator Zain Saudi said it has narrowed its losses in the first quarter to SR398 million ($106.13 million) from SR420 million in the year-ago period. Saudi Arabia's No.3 mobile company, an affiliate of Kuwait More… |
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Kuwait's Global posts $192m net lossKuwait's Global Investment House, which has agreed with creditors to restructure $1.7 billion of debt, posted a net loss of KD55 million ($192.8 million) in 2012 compared to a loss of KD57.5 million the year before. One of the More… |
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Orascom Telecom reports $469m Q4 lossCairo-based Orascom Telecom reported a net loss of $468.9 million before minority interests in the fourth quarter, up from a loss of $123.5 million a year earlier. In a statement on Wednesday th More… |
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Ithmaar Bank narrows 2012 net lossIthmaar Bank, a Bahrain-based Islamic retail lender, said it has narrowed its net loss for the year ended December 31, 2012, to BD10.1 million ( $26.4 million) from a net loss of BD23.3 million the previous year mainly due to growth in its core More… |
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Ithmaar reports $26m loss in 2012Ithmaar Bank, a Bahrain-based Islamic retail bank reported today a net loss of BD10.1 million ($26.6 million) in 2012, compared to a net loss of BD23.3 million in 2011. The turnaround in profit before impairment and taxation with More… |
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Wataniya net profit plunges 79pc, revenue upWataniya, Kuwait's No 2 telecom operator and majority-owned by Qatar Telecom (Qtel), has registered a 79.1 per cent drop in its net profit for 2012 which fell to KD75.5 million ($267 million) from KD362.1 million a year ago. A More… |
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Shuaa Capital losses down 80pcUAE-based Shuaa Capital reported a net loss of Dh59 million ($16.05 million) for 2012, an 80 per cent improvement on 2011’s Dh293.8 million loss, the bank said. This result is within the forecast range th More… |
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Taqa profit falls 14pc on commodity pricesAbu Dhabi National Energy Company (Taqa), one of the largest independent power producers in the world, said its net profit for 2012 fell 14 per cent to Dh640 million ($174) from Dh744 million a year ago hit by the commodity prices and UK tax cha More… |
