Aluminum Bahrain (Alba) said its second quarter net profit dropped by almost half to 35.6 million Bahraini dinars ($95 million) on lower metal prices and higher gas costs. Aluminum prices on the London Metal Exchange dipped close to $600 a ton when

Al khaliji has reported a 5% gain in its first half net profit to QR261.9mn despite slippage in net interest earnings. Net interest income had fallen 11% to QR273.48mn, according to its financial statement filed with the Qatar Exchange. Although net fee

Emirates Telecommunications Corporation, better known as etisalat, will soon allow foreigners to own its shares, its top official said. The telecom operator’s shares rose sharply following a news report appeared in section of Press on Sunday. Its shares

du has announced its partnership with the World Energy Forum (WEF), which will be hosted by Dubai’s Supreme Council of Energy (SCE) from 22 – 24 October, 2012. This is the first time that the WEF has been held outside of the United Nations Headquarters

The kingdom’s first of its kind loyalty program, STC’s Qitaf in partnership with the Global Goodness program, sponsored by the Ministry of Social Affairs has inspired the concept of charitable work. This partnership aims to support social work and

Ras Al Khaimah Cement Company earned a net profit of AED 8.5 million for the six months period ending 30 June 2012, compared with a loss of AED 4.9 million of the same period in 2011. Sales revenue increased by 38.3 percent from AED 96.6 million for the

The Net profit of Sharjah Cement and Industrial Development Company (SCIDC) for the first half of 2012 stood at AED 12.7million versus a loss of AED 2.1 million for the same period last year. The Company reported 15 percent increase in turnover for first

The board of the directors of Saudi Hotels & Resorts Co. decided, on 28/7/2012, to distribute a dividend of SR (0.60) for each share with total of SR (60,000,000 ) , which represents (6%) of the capital. The shareholders registered in the companys books

Saudi Telecom Company (STC) has successfully completed linkage of "The Business Gate" project with fiber optics technology. The project, which is considered the biggest strategic of its kind in both private and public sectors, is based in Riyadh on an

Barwa Bank’s net profits went up by 52% in the first half of the year compared to the figures in December 2011, according to a company communiqué. The bank’s profit reached QR162mn on June 30 compared to QR109mn in the first half of 2011. The latest

Air Arabia, the first and largest low cost carrier in the Middle East and North Africa, announced today it has taken its third aircraft delivery of 2012, bringing its total operating fleet to 31 aircraft. The new aircraft has gone straight into service

Nawras, Oman’s customer friendly communications provider, is delighted to extend its great value international calling offer once again due to high demand and the great popularity of this promotion. Until 26 October, Nawras customers can dial the 0902

Batelco, the Kingdom of Bahrain’s leading mobile operator announced BD 34.6 Million first half 2012 profits as compared to BD 38.8Million for the same period in 2011, a decrease of 11%. The telecom operator having operations across six countries posted