Saturday 22 November 2014
 
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BMI Bank posts $15m in losses

BMI Bank, a subsidiary of Al Salam Bank – Bahrain, has posted a loss after provisions of BD5.7 million($15 million) for the first nine months of the year as compared to a net profit of BD88,000 during the same period last year.

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Brent slips below $86, heads for 4th weekly loss

Brent slipped below $86 and is headed for its fourth weekly loss in a row, despite climbing by almost a dollar earlier, as investors see no respite in a four-month rout sparked by ample supply and slowing demand from Europe to China.

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Blackberry upbeat as Q2 loss narrows

BlackBerry reported it has narrowed its loss in the latest quarter, and expressed optimism that its major restructuring and new business-friendly devices would help fuel a turnaround. Releasing fiscal second-quarter results, chief

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Orascom TMT Q2 profit down 22.7pc

Egypt's Orascom Telecom Media and Technology Holding said its profit fell 22.7 per cent in the second quarter to 351.68 million Egyptian pounds ($49.19 million). The results came in a statement published in Egyptian newspapers. -

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Oil heads for 3rd weekly loss, Brent above $108

Oil prices were heading for their third straight weekly loss on Friday as worries about supply disruptions in the Middle East and North Africa eased, although Brent stayed comfortably above $108 a barrel.   Brent

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Gulf Navigation cuts capital, eyes new expansion

UAE shipper Gulf Navigation said on Wednesday it had cut its capital by two-thirds and written off accumulated losses worth 1.1 billion dirhams ($300 million), key parts of a turnaround plan designed to solve its debt problems. Th

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Royal Jordanian to get $141m cash injection

Royal Jordanian Airlines will receive a cash injection of 100 million dinars ($141 million) this year, which will help the carrier recover from operational losses on its Middle Eastern routes, an executive said on Monday.  

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Jet Airways plans revamp after record loss

Jet Airways has laid out a three-year restructuring plan vowing to take tough measures to return India's No. 2 airline by market share to profit after posting its worst ever loss. All but one of India's big airlines loses

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Jet Airways posts record quarterly loss

Jet Airways (India), part-owned by Abu Dhabi's Etihad, reported its biggest-ever quarterly loss as costs jumped and it took a charge on its investment in a subsidiary. The No. 2 Indian carrier by domestic market share, which l

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Poorly-designed offices hitting GCC businesses

The companies in GCC with poorly-designed, cramped and overcrowded offices, are taking a significant slice out of their bottom line, according to a new study commissioned by workspace at Index exhibition (formerly The Office Exhibition) in assoc

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