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Aramex Q3 net plunges to $2.6m, but gross profit jumps 21pc

Aramex, a global leader in logistics and transportation solutions, has seen its third-quarter (Q3) net profit plunge to AED9.6 million from AED39.6 million recorded in Q3 2022.    More than half of the decli

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Aramex Q3 net plunges to $2.6m, but gross profit jumps 21pc

Aramex, a global leader in logistics and transportation solutions, has seen its third-quarter (Q3) net profit plunge to AED9.6 million from AED39.6 million recorded in Q3 2022.    More than half of the decli

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Global PC shipments plunge 30pc to 56.9m units in Q1

Global PC shipments totalled 56.9 million units in Q1 2023, almost 30% less than in the same quarter a year ago, according to data presented by SportsLens.com, leading sports web portal.   Over the past years, gl

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Asian imports of Iran oil plunge 18pc

Asian imports of Iranian oil fell 18 per cent in December from a year earlier, as Iran's biggest crude buyers refrained from increasing their purchases before sanctions were lifted as part of an agreement on Tehran's disputed nuclear p

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Asian imports of Iran oil plunge 18pc

Asian imports of Iranian oil fell 18 per cent in December from a year earlier, as Iran's biggest crude buyers refrained from increasing their purchases before sanctions were lifted as part of an agreement on Tehran's disputed nuclear p

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Man drowns as car falls into sea in Bahrain

A man drowned yesterday (August 28) morning after his car plunged into the sea off the Juffair coast. The Interior Ministry confirmed the incident on its Twitter account at around 5am, said a report in the Gulf Daily News (GDN), our s

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Oil prices plunge fuels budget fears in Bahrain

Oil prices plunged again this week to fresh six-year lows, casting doubt on Bahrain’s budget calculations for the next two years. Concerns about a slowdown in Chinese demand following the Asian stock market crash of two days ago dubbed &

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Oil prices plunge fuels budget fears in Bahrain

Oil prices plunged again this week to fresh six-year lows, casting doubt on Bahrain’s budget calculations for the next two years. Concerns about a slowdown in Chinese demand following the Asian stock market crash of two days ago dubbed &

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Global markets plunge ‘won’t impact Bahrain’

Economies of Bahrain and the GCC region may be nearing the zone of discomfort but are far from the danger zone, leading economists have said. According to Bahrain-based economist Dr Akbar Jaffari, who also runs a consultancy called Jafcon, sai

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Saudi stock plunge 'not caused by govt selling'

A Saudi Arabian official denied media reports that this month's plunge of the Saudi stock market was due to government bodies selling shares to raise money following the drop in oil prices, state news agency SPA reported on Wednesday.

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