Real Estate Egyptian property developer SODIC posts H1 net profit of $17mn aya salah Aug 15, 2016 0 Egyptian real estate developer six of October Development & Investment (SODIC) posts H1 net profit of 157.9 mln…
Banks UAE’s Dana Gas profit flat, bond gain help offset oil price decline Yomna Yasser Aug 11, 2016 0 UAE-based energy firm Dana Gas said on Thursday it posted flat second-quarter profit as low oil and gas prices were…
Financial Institutions Zurich Insurance H1 profits fall but CEO is pleased Yomna Yasser Aug 11, 2016 0 Zurich Insurance posted net income of $1.6 billion for the first half, down by 22 percent on-year, but the head of…
Real Estate Emaar Misr says H1 net profit climbs 32.4% to $77.8 mln Yomna Yasser Aug 9, 2016 0 Emaar Misr, unit of Dubai property developer Emaar, said first half net profit climbed 32.4 percent y-o-y to 691.28…
Financial Institutions Munich Re profit falls 9% on natural disasters Yomna Yasser Aug 9, 2016 0 Munich Re AG (MUV2.XE) announced Tuesday that profit dropped 9% in the second quarter on higher costs related to…
Industry & Trade Berkshire profit up 25 percent as insurance helps, BNSF weighs Noha Gad Aug 6, 2016 0 Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance…
Tech news Nokia plans more cost-cutting after profit falls 45% Ghada Ismail Aug 4, 2016 0 Nokia Corp. reported a 45% fall in second-quarter profit that fell short of market expectations and vowed to step…
Tech news Nokia posts low quarterly profits, lifts cost-cut target Ghada Ismail Aug 4, 2016 0 Nokia’s quarterly profit fell more sharply than expected as telecom operators spent less on faster networks and as…
Industry & Trade Toyota cuts full-year operating profit forecast on stronger yen Noha Gad Aug 4, 2016 0 Toyota Motor Corp (7203.T) cut its full-year forecast for operating profit, expecting it to fall 44 percent from a…
Banks HSBC profit falls 40%; plans $2.5 bln buyback Yomna Yasser Aug 3, 2016 0 HSBC Holdings PLC announced Wednesday that it will spend up to $2.5 billion in the second half of the year to buy…