Kuwait’s Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD6.61 million ($ 21.8 million) for the first six months (H1) of the year, marking an increase of 257 per cent or KD4.76 million over the profit for H1 2
Royal Dutch Shell on Thursday reported a 37 per cent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices.
The Anglo-Dutch oil and gas
Facebook Inc reported quarterly revenue that beat forecasts but its profit fell 9 per cent as the social media company sharply increased spending to boost mobile revenue and future growth.
Expenses will grow 55 to 60 per cent in 2
Global airlines are not expecting to see significant improvements in key profitability drivers, likely reflecting concerns over weakness in the global business environment and emerging market economies.
In a quarterly survey conducted t
Air Astana, the flag carrier of the Republic of Kazakhstan, reported a 115 per cent increase in operating profit, reaching $23.9 million in the first half of the year.
Net profit was $8.3 million, versus a loss of $36.4 million in
Toshiba overstated its operating profit by 151.8 billion yen ($1.22 billion) over several years in ‘institutional’ accounting irregularities involving top management, an independent committee said in a report yesterday (July 20).
A brief period of high profitability for the world's oil refineries is likely to come to an end as quickly as it began, the International Energy Agency (IEA) said.
Weak crude oil and relatively high prices
Dubai's Marka, a retail and restaurant start-up that listed on the emirate's bourse last year, expects to turn profitable in 2016, a company official said on Tuesday, pushing back the timeline given earlier.
In January, Ma
Trust Re, a reinsurance company based in Bahrain, reported profits of $ 8.7 million during the first quarter (Q1) of the year, up 10.1 per cent year-on-year from $ 7.9 million achieved in Q1 2014.
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