Tag Archives: Rise

Eni back in the black with rise in oil prices

Related Articles MILAN: Italian oil and gas company Eni said Friday the recovery in global crude prices along with record production helped it swing back into profit in 2017.The company turned a loss of €1.46 billion in 2016 into a ...

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UAE telco du reports 14.9% rise in fourth-quarter net profit

Related Articles DUBAI: Du, the United Arab Emirates’ second-biggest telecom operator, reported a 14.9 percent rise in fourth-quarter net profit on Thursday, boosted by a rise in revenue, improvement in gross margin and cost savings.The company, which ended rival Etisalat’s ...

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Ryanair profits rise despite flight cancelations crisis

Related Articles LONDON: Ireland’s troubled Ryanair said Monday that quarterly net profits rose 12 percent, despite a flight cancelations crisis that was sparked by pilot rostering problems.Profit after taxation increased to €106 million (SR495.79 million) in the group’s third quarter ...

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Afghan delivery men feel pressure as online sales rise

Related Articles KABUL: Afghan courier Sarajuddin stops his motorbike on a dirt road in the heart of war-torn Kabul and calls his customer for directions: “I am in the second street. Which way should I go now?“As Afghans embrace online ...

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Nakheel records 14% profit rise for 2017

Related Articles LONDON: Dubai developer Nakheel announced a net profit of 5.67 billion dirhams ($ 1.54 billion) for 2017 on Wednesday, up 14 percent on 2016.The results showed a net profit of 1.67 billion dirhams in the final quarter of ...

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Saudi foreign reserves rise for third straight month

Related Articles DUBAI: The Saudi Arabian central bank’s foreign reserves rose in December for a third consecutive month, a sign that higher oil prices may be easing pressure on the government’s finances, official data showed on Sunday.The bank’s net foreign ...

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