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US economy stalls in first quarterUS economic growth braked sharply to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labour market. Gross dome More… |
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Boeing flies high with $1.3bn Q1 net incomeThe Boeing Company, a leading aircraft manufacturer, has reported a 38 per cent jump in its net income for the first quarter which soared to $1.3 billion from $965 million last year. The aviation giant also reported an eight per cent in More… |
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NBB net profit rises to $45m, up 2.4pcNational Bank of Bahrain has posted an increase of 2.4 per cent in net profit at BD17.02 million ($45.27 million) for the first quarter, compared with BD16.62 million for the corresponding period of the previous year. The financia More… |
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BBK's net profit rises 6pc to $39mBank of Bahrain and Kuwait (BBK) has reported six per cent rise in net profit at BD14.9 million ($39.52 million) for the first quarter of this year, compared with BD14 million in the same period last year. Earnings per share for t More… |
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IBM sales fall 12th straight quarterInternational Business Machines Corp reported a loss in the 12th straight quarter as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives. International Business Machines Corp re More… |
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al khaliji Q1 profit down 17pc at $30mal khaliji (KCBK)has reported net profit of QR109 million ($29.9 million) for the first quarter of the year, compared to QR131.5 million for the same period in 2013, marking a fall of 17.1 per cent. Loans and advances grew by 11 p More… |
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Vodafone Qatar Q1 net loss narrowsVodafone Qatar, an affiliate of Vodafone Group, said on Thursday its first-quarter loss narrowed and named a new chairman of its board. Vodafone, which ended Qatar Telecom's (Qtel) domestic monopoly in 2009, made a first-quart More… |
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QPIC posts $14.5m net profitKuwait-based Qurain Petrochemical Industries Company (QPIC) posted a net profit of KD4.15 million ($14.5 miilion) for the first quarter of the financial year ended June 30, as compared to KD124,840 made in the same period last year. More… |
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Toyota GCC sales up 23pc in Q1Toyota sold 158,223 units in the GCC in the first quarter of the year, marking a 23 per cent increase in sales as compared to the same period in 2012 as well as a 39.6 per cent market share. This first quarter growth in the GCC fo More… |
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Dubai Metro carries 33.3m commuters in Q1Dubai Metro transported more than 33.3 million commuters both Red and Green lines during the first quarter of the year, indicating a significant increase in figures compared to the same period last year. Adnan Al Hammadi, chief ex More… |
