Company News

Marka narrows losses but problems continue

(Gulf News - 8/16/2018 7:46:00 AM)

Amid an ongoing restructuring, Dubai-listed retailer Marka has seen its losses narrow in the second quarter, while also seeing its revenue slip. The company did manage, however, to post a gross profit of Dh9 million.

In a regulatory filing on ...

Batelco offers high-speed LTE services package

(Trade Arabia - 8/16/2018 7:18:00 AM)

Batelco, the leading digital solutions provider in Bahrain, is set to offer a new high-speed LTE Data Roaming services package with options including a one-day data roaming in the GCC for only BD5 ($13.26) and seven-day data roaming in the GCC for BD10 ...

Nakheel posts $683m net profit in H1

(Trade Arabia - 8/16/2018 7:16:00 AM)

Nakheel, a leading global developer, said it has registered a net profit of Dh2.51 billion ($683 million) for the first six months of the year compared to Dh2.61 billion ($710 million) for the same period in 2017.

Announcing the H1 results, ...

Emaar Properties' H1 revenue surges 46pc to $3.12bn

(Trade Arabia - 8/16/2018 7:12:00 AM)

Leading property developer Emaar has registered a revenue of Dh11.47 billion ($3.12 billion) for the first half of the year, up 46 per cent compared to Dh7.86 billion ($2.14 billion) last year led by strong construction progress and growth in its malls ...

SABIC and Nottingham Spirk accelerate innovations

(Saudi Gazette - 8/15/2018 8:20:00 AM)

Leveraging its unique ability to expand value for its customers while also contributing to Saudi Vision 2030, SABIC, a global leader in the chemical industry, is investing in new applications and methods of collaboration to innovate across the industry ...

Revenue gains take Damac to Dh3.7b in H1-18

(Gulf News - 8/15/2018 7:56:00 AM)

Damac Properties recorded an improvement in revenues in the first six months, at Dh3.7 billion against the Dh3.5 billion in the first half of 2017. But there was a sharp decline in net profit to Dh862 million from first-half last year’s Dh1.6 billion. ...

RAK Poultry posts Dh2.5m loss for first half

(Gulf News - 8/15/2018 7:54:00 AM)

Abu Dhabi-listed Ras Al Khaimah Poultry and Feeding posts a half-year loss of Dh2.5 million on Tuesday.

Revenues fell from Dh21.5 million in the first half of 2017, when the firm made a profit of Dh4.8 million, to Dh15.5 million in the first ...

Bank Muscat e-channels set to facilitate hassle-free holidays

(Oman Daily Observer - 8/15/2018 7:32:00 AM)

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to innovation in electronic channels, is all set to provide convenient and secure electronic banking services ...

Gulf Navigation swings to H1 loss

(Trade Arabia - 8/15/2018 7:08:00 AM)

Dubai-based Gulf Navigation Holding has reported a loss of Dh14.761 million ($4.01 million) for the first half of 2018, compared to profits of Dh19.029 million ($5.18 million) during the same period last year.

The company said that these ...

Dana Gas completes sukuk refinance

(Trade Arabia - 8/15/2018 7:05:00 AM)

Dana Gas, the Middle East’s largest regional private sector natural gas company, said that the issue of its new Sukuk has been completed and is now listed on Euronext Dublin (previously known as “Irish Stock Exchange”).

All legal proceedings ...