Mobile operator Ooredoo Kuwait reported a 28 per cent fall in second-quarter net profit on Monday, continuing its earnings slump as revenue fell.
The subsidiary of Qatar's Ooredoo competes domestically with Zain and Saudi Tele
Arab nations have imported $5.24 billion worth of products from Brazil during the first half of 2016, , according to a report.
Saudi Arabia accounted for the lion's share of the trade (23.71 per cent) importing $1.24 billion w
The UAE non-oil direct trade reached Dh534.1 billion ($145.4 billion) in the first half of 2015, marking a 2 per cent increase from the Dh521.8 billion ($142.07 billion) recorded during the same period in 2014, a report said.
Passenger numbers at Al Maktoum International Airport - Dubai World Central (DWC) are expected to soar once flydubai commences operations from DWC in October, offering passengers a total of 190 weekly flights to 17 destinations.
Upscale hotels in Oman saw revenues shoot up in the first six months of the year with three- to five-star hotels reporting over OR97 million ($250.9 million), said a report.
Around 1.14 million visitors were recorded till the end of Jun
Turkish Airlines, the flag carrier of the country, has reported an operating profit of TRY524 million ($1.84 million) for the first half the year, outperforming results posted for H1 2014 by a record 68 per cent.
The airlines also poste
National Bank of Kuwait - Egypt (NBK-E) reported net profit of EGP284 million ($36.2 million) for the first half of 2015 compared with EGP177.7 million ($22.69 million) for the same period in 2014, 59.8 per cent increase year-on-year.
International General Insurance Holdings Limited (IGIH) has reported net earnings of $16.2 million for the first half of this year, against $18.5 million for the same period last year.
Overall, the group announced gross written pr
Qatar-based Barwa Bank has registered a record 16 per cent jump in its total assets for the first half of the year, hitting QAR41.3 billion ($11.3 billion), with a 10 per cent increase in financing assets alone to exceed QAR24.4 billion ($6.7 bi
Bahrain-based Arab Banking Corporation (ABC) reported a consolidated group net profit of $96 million for the first half of 2015, 30 per cent lower compared to a profit of $137 million reported in the first half of last year.