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Network Switch Saps Mobinil Q1 Profit

Network Switch Saps Mobinil Q1 Profit

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 10:12

Kuwait’s Global Investment House Q3 loss widens on market woes

Kuwait'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 2:00

Dubai Holding: AED 23.5 billion loss

Huge loss confirmed and asset value reduced by AED 47 billion.

June 1, 2010 2:58

Union Properties posts $135.5 million net loss in 2009

The developer said it made revenues of AED4.4 billion during the year.

February 15, 2010 7:33

Nakheel saw $3.65 billion loss in the first half of 2009

Dubai-based property developer Nakheel saw a loss of..

December 8, 2009 4:38

Shuaa Capital posts Q3 net loss of AED259 million

Dubai-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
Gloomy skies for the airline industry

Gloomy skies for the airline industry

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 1:17

Amlak posts AED135 million loss in H1

Dubai-based mortgage lender Amlak…

August 31, 2009 12:23

Union Properties sees $62m Q2 loss

During the first half of the year, the developer saw...

August 15, 2009 6:16
Gulf Bank’s kaleidoscopic future

Gulf Bank’s kaleidoscopic future

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