Tuesday 26 July 2016
 
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earnings

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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Safco extends earnings slump

Saudi Arabia Fertilizers Company (Safco) met analyst forecasts on Thursday but extended its earnings slump, as its second-quarter net profit halved year on year as product prices remained low. Safco, a unit of Saudi Basic Industri

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Safco extends earnings slump

Saudi Arabia Fertilizers Company (Safco) met analyst forecasts on Thursday but extended its earnings slump, as its second-quarter net profit halved year on year as product prices remained low. Safco, a unit of Saudi Basic Industri

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US firms brighten their earnings outlook

The profit recession that has weighed on large-cap stocks on Wall Street for the past three quarters may be loosening its grip as US companies allow a hint of blue sky to poke through the gloom. As companies share their expectatio

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BASF warns on 2015 earnings as oil fall forces writedown

BASF announced a 600-million-euro ($653 million) charge for the fourth quarter citing low oil prices and warned of lower-than-expected 2015 earnings, sending its shares lower.   Low oil prices, normally a boon to

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Algeria sees energy earnings, reserves dropping sharply in 2016

Algeria's energy earnings are forecast to fall to $26.4 billion next year while foreign exchange reserves will dip to $121 billion after low oil prices cut into the Opec nation's economy, Finance Minister Abderrahmane Benkhalfa said.

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Asia shares inch ahead, ECB meet in fcous

Asian shares eked out cautious gains on Wednesday as concerns about corporate earnings hobbled Wall Street while investors counted down to the European Central Bank's policy meeting later in the week. MSCI's broadest index

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GCC banks’ earnings ‘set to slide’ after solid H1

Banks in the GCC, which reported a good set of gains in the first half of 2015, could see a weakening in earnings over the next several quarters due to the knock-on effects of lower oil prices on growth and asset quality, a report said.

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Air Arabia sees higher impact from fuel hedging

Low-cost carrier Air Arabia may see a further impact on earnings from fuel hedges put in place prior to the steep drop in oil prices, the chief executive of the UAE-based carrier said on Monday. However, Adel Ali insisted the airl

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Banks lead H1 earnings growth in Kuwait

Kuwait’s banking sector recorded a solid growth of 13 per cent during the first half (H1) of the year, benefiting from an improving operating environment and healthy growth in credit, a report said. With such results, bank p

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