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AccorHotels aims to double EBITDA by 2022 to $1.36bnAccorHotels, a multinational hospitality company, is aiming to double its EBITDA (earnings before interest, tax, depreciation and amortization) between 2017 and 2022, to reach €1.2 billion ($1.36 billion), its chairman and CEO said. More… |
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Senaat reports $92.8m net profit for H1Senaat, a leading industrial investment holding company in the UAE, has reported a 6 per cent increase in net profit and 2 per cent increase in EBITDA for the first half of this year, compared to the second half of 2015. Af More… |
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Topaz 9-month earnings up 17pc to $144mTopaz Energy and Marine, a leading offshore support vessel company, has posted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $144.2 million for first nine months of the year, marking an increase of 17.5 per cent ove More… |
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Media business 'to top stock indices'For the first time in five years, the media and entertainment industry is expected to outperform the major stock market indices in 2013, according to a new report. Overall revenue and EBITDA (Earnings Before Interest, Taxes, Depre More… |
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Agility Q2 profit up 49pc to $40mAgility, a logistics major based in Kuwait, today reported a net profit of KD11.5 million ($40.29 million) for the second quarter of 2013, as compared with KD7.7 million for Q2 2012, marking a rise of 49 per cent. More… |
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OCI reports 31pc drop in Q3 incomeEgypt's Orascom Construction Industries (OCI) reported on Wednesday a 31 percent drop in net income for the third quarter of 2012 to $126.8 million, that was near the top end of analyst forecasts. More… |
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Zain Q1 net income soars 40pc to $251mKuwait-based telecom operator Zain on Wednesday announced robust first quarter growth with its net income soaring 40 per cent to KD69.9 million ($251.1 million) compared to the same period last year. Announcing the consolidated financial r More… |
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Citigroup raises DP World price targetCitigroup raised its price target on the stock of Dubai's DP World by 16 cents, and said it expects the government-controlled port operator to seek further terminal concessions and bolt-on acquisitions, afforded by a rapidly de-leveraging bala More… |
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Gold rebounds after hitting 13-month lowGold bounced after falling to its weakest in 13 months on Thursday, but a surging dollar against the euro capped gains and a sell-off in equities could still drive investors to sell bullion to pay losses. Platinum slipped almost 6 percent More… |
