Equate Petrochemical Company, Kuwait’s first international joint-venture in the industry, has registered a net profit of $739 million for the fiscal year ending December 31, in comparison to $1.04 billion achieved in 2014.
Damac Properties, a leading developer of high-end properties in the Middle East, said it has registered a net profit of Dh4.51 billion ($1.23 billion) for 2015, up 30 per cent over the previous year.
Announcing the results, Damac
Abu Dhabi-based Finance House, a leader in commercial and retail financing, financial services and investments, has reported a consolidated net profit of Dh61.7 million ($16.7 million) for 2015, slipping from Dh73.3 million ($19.9 million) achie
Zain, Kuwait's No.1 telecom operator by subscribers, reported an eight per cent rise in fourth-quarter profit on Wednesday, halting a sustained earnings slump as its subscriber base increased.
The former monopoly, which operat
Dubai's Emaar Properties, builder of the world's tallest tower, reported a near-flat fourth-quarter net profit on Wednesday after it took a write-down relating to a fire at one of its hotels on New Year's Eve.
Budget carrier flydubai posted a 60 per cent drop in 2015 net profit on Wednesday, as tough market conditions, the airline's fuel hedging policy and the impact from a stronger dollar outweighed higher revenue.
Flydubai made a net pr
Bahrain Duty Free Shop Complex (BDFSC) has reported gross revenues of $77 million for last year, achieving a 3.3 per cent growth over previous year.
The operating profit was $13.7 million, a growth of 14.
Bahrain Bourse-listed Zain Bahrain has reported an increase of 24.3 per cent in net profit at BD5.147 million ($13.616 million) for the year ended December 31 when compared with BD4.142 million in 2014. In a statement the telecoms firm said th
Jazeera Airways, a low-cost carrier based in Kuwait, has reported a net profit of KD15.4 million ($51.2 million) for 2015.
The airline reported positive results last year compared to figures recorded in 2014, when it posted a pre-transa
Bank of Bahrain and Kuwait has reported 6.2 per cent rise in net profit at BD53.2 million ($141 million) for the year ended December 31 when compared with BD50.1 million for 2014, with earnings per share of 50 fils as against 47 fils earlier.