Friday 22 September 2017
 
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Q2

Over 2,200 new hotel rooms to open in Cairo by 2019

The hospitality industry in Egypt is booming as the country is witnessing a significant increase in hotel projects, primarily represented by five- and four-star properties, a new report said. According to the Colliers Internationa

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Over 2,200 new hotel rooms to open in Cairo by 2019

The hospitality industry in Egypt is booming as the country is witnessing a significant increase in hotel projects, primarily represented by five- and four-star properties, a new report said. According to the Colliers Internationa

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Jazeera Q2 net profit hits $7.6m

Kuwait-based Jazeera Airways has recorded a net profit of KD2.3 million ($7.6 million) for the second quarter of the year, up 18.1 per cent over its KD1.9 million ($6.2 million) net profit in Q2 2016. The carrier's results wer

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Air Arabia posts strong Q2 net profit of $43m

Sharjah-based Air Arabia has registered a net profit of Dh158 million ($43 million) for the second quarter - an increase of 21 per cent compared to Dh131 million ($35.6 million) reported for the same period last year. The company&

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Mepco reports significant increase in Q2 net profit

The Middle East Paper Co (Mepco), the region’s leading vertically integrated paper manufacturer, has announced its financial results for the second quarter of 2017 with a net profit of SR18.2 million ($4.8 million), representing an improve

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Aramex reports 4pc increase in Q2 revenues

Aramex, a leading global provider of comprehensive logistics and transportation solutions, has reported a 4 per cent increase in second quarter revenues to Dh1.148 billion ($312.5 million), compared to Dh1.105 billion ($300.8 million) in Q2 2016

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Mezzan Holding revenue up 2.4pc in Q2

Kuwait-based Mezzan Holding has reported that its second quarter revenue increased to KD52.8 million ($175.01 million), representing a 2.4 per cent increase on the same period in 2015. Mezzan Holding is one of the largest manufact

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Industries Qatar Q2 net profit drops 13.6pc

Petrochemicals, metals and fertiliser producer Industries Qatar (IQ) beat analysts' estimates despite posting a 13.6 per cent drop in second-quarter net profit on Wednesday (August 3), according to Reuters calculations. The Mi

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Jazeera Airways H1 net profit slips 3pc

Kuwait-based Jazeera Airways reported a net profit of KD6 million ($19.7 million) for the first half of the year, down 3 per cent from the same period in 2015. Operating revenues for H1 also showed a drop of 7.3 per cent from H1 2015, p

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Zain says Q2 net profit up 14pc as FX losses decline

Zain, Kuwait's No.1 telecom operator by subscribers, reported a 14 per cent rise in second-quarter profit on Sunday, halting an extended earnings slump and aided by reduced foreign exchange losses. The firm had posted falling

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