Aramco profit drops in Q2 ’25
Saudi Arabia’s Aramco posted a 22 per cent year on year (YoY) drop in second-quarter net profit to $22.7 billion on…
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profit
UniCredit targets ’24 success, to mirror ’23 performance
UniCredit bank announced on Monday that it aims to replicate its 2023 performance in 2024, despite economic…
Telecom Egypt revenues grow by 48%
Telecom Egypt reported on Tuesday a 48 percent year-on-year (YoY) growth in net profit after taxes, supported by…
Crédit Agricole Egypt says profit falls 41.9% in 2020
Crédit Agricole Egypt, part of France’s second-largest bank Crédit Agricole, reported on Wednesday a 41.9 percent…
Japan’s Sony posts 57% decline in fourth-quarter profit
Japan’s Sony Corp on Wednesday reported a 57 percent drop in fourth-quarter operating profit and refrained from…
Emirates NBD Egypt reports 44% increase in profit during 2019
Egypt reported a 44.23 percent year-on-year hike in its net profits in 2019, the bank’s consolidated financial…
Credit Agricole Egypt 2019 profit jumps 7.2%
Credit Agricole, France's second-largest bank by market capitalisation, reported on Wednesday a 7.2 percent rise…
EALB posts personal loans of EGP720mln in 2019
State-run Egyptian Arab Land Bank (EALB) announced that its personal loans portfolio has increased to 720 million…
Samsung says Japanese curbs on export cloud outlook as profit halves
Samsung Electronics on Wednesday warned that Japanese curbs on the export of chip-making materials was blurring its…
Credit Suisse Q2 net profit jumps 45% on cost discipline
Credit Suisse reported on Wednesday its highest quarterly earnings in four years, hailing frugal cost management as…
General Electric beats low earnings expectations in Q2 as cash flow stablises
General Electric reported second-quarter earnings on Wednesday that were slightly better than expected by Wall…
BP Q2 profit surpasses expectations, lifted by higher oil output
A strong increase in oil and gas production helped BP offset weaker crude prices and refining profit to beat…
Nissan to cut 9% of workforce as Q1 profit nearly wiped out
Japanese car maker Nissan Motor Co said it is cutting 12,500 jobs and warned a quick turnaround in its performance…
Egypt’s Egytrans posts Q1 record revenue, profit growth
Egyptian Transport and Commercial Services Co - Egytrans announced on Wednesday its consolidated results for the…
Banque du Caire profit after tax jumps 200% in 2018
Egyptian state-run lender Banque du Caire said on Thursday its after-tax profit in 2018 rose 200 percent to around…
Saudi stock market rises over 3% on strong results, outperforms Gulf
Saudi Arabia’s stock market rose sharply in early trade on Thursday, outperforming other major Gulf markets as it…
Property developer SODIC’s 2018 expected contracts to rise 14%
Egypt’s property developer firm, SODIC said on Wednesday it has changed its expectations for clients’ contracts to…
Egypt’s Qalaa Holdings turns into profits in H1
Egypt’s Qalaa Holdings said on Sunday it has turned profitability during the first half of this year with a…
Trump’s tariffs cost Ford $1 billion in profit, hurt its sales in China
U.S. President Donald Trump's tariffs on China are hitting Ford's finances hard.
Barclays triples Q2 profits, best quarter for more than three years
Barclays reported improved figures for its earnings during the second quarter of the year, a welcome sign to…
BP Q2 profit surges as it raises dividends for first time since 2014
BP's profit hiked in the second quarter of 2018 and the oil giant raised its dividend for the first time in four…
Standard Chartered H1 pretax profit rises 34%
Standard Chartered Plc reported on Tuesday a 34 percent surge in its pretax profit for the six months to June, as…
Sony reports 24% operating profit growth beats estimates
Japan's Sony Corp reported on Tuesday a 23.7 percent jump in first-quarter operating profit, far above analyst…
Egyptian food company Juhayna says first half profit jumps 180.3%
Egypt’s Juhayna Food Industries reported a 180.3 percent jump in first-half profit, according to a statement to the…
JP Morgan Q2 profit hits record as trading revenue unexpectedly surge
J.P. Morgan Chase, the biggest U.S. lender by assets, has posted record second-quarter profit of $8.32 billion,…
Orange Egypt turns a profit in Q1 buoyed by sales
French telecoms company Orange reported its first quarterly profits in Egypt in 12 months on Thursday, buoyed by…
Samsung Electronics flags mobile weakness as chips power record first-quarter profit
Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it…
QNB’s profits rise 27% in Q1-2018, reaching 1.6bn Egyptian pounds
Qatar National Bank Al Ahli (QNBA), the Gulf’s largest lender, reported Tuesday a 27% year-on-year surge in…
Egypt’s Arabia Investments eyes power flagships in KSA, Kuwait, Libya
ُEgypt's Arabia Investments, Development, and Financial Investment Holding Company plans to compete for power …
Standard Chartered Bank’s 2017 profit soars
Standard Chartered Bank announced Tuesday that its 2017 underlying pre-tax profit soared to $3.01 billion — handily…
Global environment positive, Gulf earnings mostly lacklustre
The global market environment is positive for Gulf stock markets on Thursday although mostly lacklustre corporate…
Most Asian markets advance after Wall Street’s Friday rebound; oil prices rise
Asian markets were mostly higher on Monday while oil prices edged up after recording six straight days of declines.…
Asian shares gain as dollar remains on the back foot
Major indexes in Asia notched gains on Monday after Wall Street closed out last week at records and the dollar…
EgyptAir to swing to a profit this year
EgyptAir will swing to a profit this year, buoyed by an increase in passengers and cost cutting, the chairman of…
Toshiba Q2 profit jumps on strong memory chip demand
Toshiba Corp reported a 76 percent jump in second-quarter operating profit on Thursday, driven by a strong…
Lenovo to buy Fujitsu PC unit stake for up to $269 million; second-quarter profit drops
Lenovo Group said it had reached an agreement to buy a 51 percent stake in Fujitsu’s personal computer unit for up…
South Cairo and Giza Mills Q1 profit rises to 6.9 mln pounds
South Cairo and Giza Mills and Bakeries, affiliated to the county’s Holding Company for Food Industries, said…
Samsung Electronics to boost returns after record Q3 profit
South Korean technology giant Samsung Electronics Co Ltd promised to return $26 billion to shareholders over the…
Sony raises earnings outlook, expects best-ever annual profit
Japan’s Sony Corp lifted its full-year operating income forecast on Tuesday, expecting to book its highest-ever…
Emirates NBD Egypt posts 847 million pounds in nine-month profit
The Egyptian arm of Dubai largest lender Emirates NBD has posted a nine-month profit worth 847 million Egyptian…