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Amlak Q3 net profit plummets over five-fold to $14.4mAmlak Finance’s third-quarter (Q3) net profit plummeted over five-fold to AED53 million ($14.4 million) as compared to a Q3 2023 net of AED269 million. Meanwhile, revenue from financing and investin More… |
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RAK Ceramics Q1 profit after tax drops 21.5pc to $17.13mRAK Ceramics, one of the largest ceramics lifestyle solutions providers in the world, has seen its first-quarter profit after tax drop 21.5% to AED62.9 million ($17.13 million). The company’s revenue for More… |
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RAK Ceramics Q1 profit after tax drops 21.5pc to $17.13mRAK Ceramics, one of the largest ceramics lifestyle solutions providers in the world, has seen its first-quarter profit after tax drop 21.5% to AED62.9 million ($17.13 million). The company’s revenue for More… |
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Middle East cargo volumes up 8%A lacklustre performance kept air cargo volumes tepid in November. In the last week of November (week 48), worldwide chargeable weight went down 2% compared with the preceding week. The first week More… |
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Alba results impacted by LME price dropAluminium Bahrain (Alba), the Bahrain-based aluminium smelter, said its top-line and bottom-line for the second quarter and first-half of 2019 were impacted by lower LME price - a drop of 21 per cent year-over-year ($1,793/t in Q2 2019 versus $2 More… |
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China's major industrial firms’ profits dropProfits of China's major industrial firms fell 14 percent year-on-year in the January-February period, according to the National Bureau of Statistics (NBS). The NBS data showed that the combined profits of industrial firms wit More… |
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Global chemical firms’ shareholder returns dropShareholder returns of large global chemical firms dropped in the past 10 years from being the fourth most value creating companies in 2009 to 17th ranking in 2018, according to a recently published report by The Boston Consulting Group (BCG). More… |
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Plummeting rate hits profit levels in MEA hotelsProfit per room at hotels in the Middle East & Africa fell by 12.1 per cent year-on-year in April as revenue levels crashed on the back of plummeting achieved average room rate, according to new data from HotStats. Further to More… |
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MEA hotel revenues hit five-year low in JulyHotels in the Middle East & Africa (MEA) saw revenue per available room (RevPAR) figures drop to a five-year low in July, according to a survey. Data collected by HotStats showed that July marked a low in recent top and bottom More… |
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Flydubai posts $38.7m H1 loss; revenues top $680mDubai-based low-cost carrier flydubai reported a loss of Dh142.5 million ($38.7 million) for the first half of the year despite revenues and passenger numbers going up. The airline had reported a loss of Dh89.9 million ($24.4 mill More… |
