Thursday 28 July 2016
 
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H1

Ooredoo Kuwait continues earnings slump

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

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Arab-Brazil trade hits $5.24bn in H1

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

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UAE non-oil trade up by 2pc in H1

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. Acco

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Al Maktoum Airport anticipates surge in passenger numbers

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. During

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Oman H1 hotel revenues top $250m

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

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Turkish Airlines' operating profit up 68pc in H1

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

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NBK – Egypt posts $36m net profit for H1

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.

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IGIH reports net profit of $16.2m for H1

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

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Barwa Bank posts 16pc increase in total assets

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

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ABC announces $96m net profit in H1

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. ABC a

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