Visa Inc, the world’s largest payments network operator, reported Wednesday an 11 percent increase in its fourth-quarter …
Tag:
profit
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forex news
US crude rises 12% in third quarter, settling at $51.67, as demand forecasts improve
by Yomna Yasserby Yomna YasserOil prices traded roughly flat on Friday on weekend profit taking following a rally in prices around …
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Shares of Saudi Arabia’s top food producers, Savola and Almarai, fell on Wednesday after Savola said it …
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Banks
Higher credit impairments erode Emirates NBD’s Egypt H1 profit
by Yomna Yasserby Yomna YasserEmirates NBD, Dubai’s largest lender, reported Thursday a 10.5 percent fall in first-half profits in Egypt. The …
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Industry & Trade
Cairo-based pharmaceutical firms narrow H1 exports by 18.4%
by Yomna Yasserby Yomna YasserEgyptian pharmaceutical companies’ exports dropped by 18.4 percent to $102 million during the first half of 2017 …
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Tech news
Japan’s SoftBank: Q1 profit climbs 50.1% after inclusion of Vision Fund
by Yomna Yasserby Yomna YasserJapan’s SoftBank Group Corp reported Monday a 50.1 percent surge in first-quarter operating profit, after the company …
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Banks
SocGen posts 28% profit fall but sees growth in Africa, Russia
by Yomna Yasserby Yomna YasserContinued pain at Societe Generale’s domestic retail division and a fall in the profitability of its global …
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Industry & Trade
Aramex profit drops on Egypt wobble and currency moves
by Yomna Yasserby Yomna YasserDubai-listed courier company Aramex, said second-quarter profit dropped 23 percent to 97 million dirhams ($26.4 million) as …
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Crédit Agricole SA posted a 49 percent year-on-year rise in first half profits in Egypt backed by …
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The National Bank of Kuwait (NBK), the Gulf state’s largest commercial lender, reported Sunday a 78.4 percent …