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Egyptian mobile firm Mobinil slumped to a first-quarter net loss of 74 million Egyptian pounds ($12.24 million) due to the costs of switching its network to 3G and said its outlook was uncertain because of political volatility.
May 1, 2012 10:12Kuwait's Global Investment House saw its third-quarter net loss widen as the bank continued to battle difficult market conditions, according to a statement on Wednesday.
November 24, 2011 2:00Huge loss confirmed and asset value reduced by AED 47 billion.
June 1, 2010 2:58The developer said it made revenues of AED4.4 billion during the year.
February 15, 2010 7:33Dubai-based property developer Nakheel saw a loss of..
December 8, 2009 4:38Dubai-based investment firm Shuaa Capital posted a net loss of AED259 million for the third quarter, down 40.9 percent...
November 1, 2009 1:34
The IATA’s latest loss estimates for the world’s airline industry have increased to $11 billion in 2009. The regional outlook, however, looks brighter.
September 16, 2009 1:17During the first half of the year, the developer saw...
August 15, 2009 6:16
Even as Kuwait’s Gulf Bank struggles to recover from its losses and gets a $1.4 billion bailout, its head promises expansion and high growth rates in the coming months.
December 3, 2008 11:31
While GCC governments try to reassure investors that the Gulf won’t suffer the global financial crisis, Gulf Bank in Kuwait has fallen from grace. What happened?
October 27, 2008 11:54
US losses are not deterring sovereign wealth funds from investing abroad, but don’t expect us to bail out collapsing firms, says Kuwait investment chief.
September 23, 2008 3:36
The IATA’s latest forecast figures spell heavy losses for the global airline industry.
September 4, 2008 10:26
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
