ISTANBUL, TURKEY - Turkey on Tuesday holds pre-dawn vigils for the loss of more than 50,000 people -- and parts of entire cities -- in the earthquake-prone country's deadliest disaster of modern times.Grieving Turks are still coming to terms with how a 7.8-magnitude tremor could upturn the lives of millions of...

It grounded the Boeing 737 MAX after in-flight safety episode.

The company beat analysts' expectation for the fourth quarter.

Dubai, UAE-- Protecting nature could avert global economic losses by 2030 of US$2.7 trillion per year, or 2.3 percent annually, according to Valerie Hickey, Global Director for Environment, Natural Resources and Blue Economy at the World Bank.Speaking to media at COP28, she said that low-income countries could lose around 10...

Dubai, UAE--In order to reduce food loss and waste by 50 percent, the UAE has launched Ne’ma Food Loss and Waste Reduction Roadmap, looking to achieve the target by 2030.The project was unveiled by Mariam bint Mohammed Almheiri, Minister of Climate Change and the EnvironmentThe roadmap was announced at the...

The company recently reported a net loss of US$4.9bn in Q3.

The company had posted a net profit of $4.32bn in 9M 2022.

Sales revenue was US$1.6 billion (SAR 6.22 billion) in Q3 2023.

The company had posted net earnings of $136m in 9M 2022.

Muscat, Oman--Looking to address its mounting debt, Oman Air has backed a restructuring program to reduce its losses by 15 percent in the ongoing fiscal year while aiming to reach a break-even point by 2026.  The airline in May made a forecast of reducing its net loss by a further 56...

The company suffered a net loss of US$0.79 million.

The German airline's net profit climbed to US$964m in Q1.

The aerospace company reported a $149 million Q2 loss.

Results were due to a fall in insurance services expenses.

Insurance services results in Q1 improved by US$55 million.

The countervailing movements, according to analysts, were evidence of a rotation away from the tech-dominated winners from the earliest part of 2023, and towards manufacturing companies like Caterpillar and Honeywell. "Money is flowing from one sector to another sector," said Adam Sarhan of 50 Park Investments. This dynamic "keeps the...

The company attributed the loss to 'unfavorable market conditions'.

The group's first quarter loss dipped to $515m from $644m a year ago.

The US airline posted a quarterly loss of US$194mn.

The net profit was down 78% compared to the previous quarter.

Dubai, UAE-- Making payments digitally for every purchase may have become a universal thing, but it is not always the safest method, according to a new survey by Kaspersky.The survey revealed that some 18% of respondents from the Middle East experienced financial losses associated with threats when using online banking...

The company posted annual loss of $2.5 billion.

Firm confirmed its 2023 outlook amid strong aviation demand.

Doha, Qatar-- World Cup hosts Qatar announced Friday that national coach Felix Sanchez had been let go with the end of his contract after the team's dismal World Cup where they failed to get a point from their group games.The Qatar Football Association said it had decided "not to extend Felix...

Nations hit by the impact of global warming can now be compensated from the "loss and damage" fund created by the UN's COP27 climate summit. The fund was approved by consensus following two weeks of contentious negotiations over demands by developing nations for rich polluters to compensate them.

Firm's result is seen as a gauge of Chinese consumer sentiment.

Settlement on opioid cases hit earnings of the firm.

Loss is basically due to the sale of one of its online platforms.

It has sought shareholders' nod for 65% capital reduction.

GCC markets had a mixed week as Saudi stocks powered by the banking and commodities retail sectors posted gains, while the UAE stocks tanked, ending the weeks with losses.

The food company will reduce the capital to $42.13 million.

The Saudi health provider's revenue slumped to $58.54m.

It cut down the loss to $18m from $35.39m posted last year.

The Saudi food company's revenue shot up to $21.33m.

The Saudi travel group saw its loss fall to $35m in H1.

The news of the loss of $6.4m in H1 led to a slide in firm's stock.

A planned exit from the Netherlands towards the end of November follows Deliveroo's departure from Spain last year, although the group on Wednesday said it had gained market share in the UK and Italy.

European stock markets retreated at the open Friday following losses in Tokyo, with all eyes on US inflation data and its impact on the outlook for interest rate rises. London's benchmark FTSE 100 index dropped 0.5 percent to 7,442.31 points.

Saudi Arabia’s East Pipes reported a net loss of SAR3m during FY2022.

Donning Liverpool jerseys, Egyptian soccer fans cheered "Mo Salah! Mo Salah" even as they struggled to hide their disappointment over the Reds' loss to Real Madrid in the Champions League final.

Losses came in at 3.9 billion dirhams ($1.1 billion) in the 2021-2022 financial year to March, with revenues up 91 percent, as the airline expanded its global capacity and reinstated flights, Emirates said in a statement.

Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech share rout and a regulatory crackdown in China. The company reported losses of 1.71 trillion yen ($13.2 billion) in the year to March 2022.

Oil is the lifeblood of the North African country trying to move past a decade of conflict since the fall of dictator Moamer Kadhafi in 2011. But since mid-April Libya's two major export terminals and several oil fields have been held hostage to the country's latest political schism.

However, it warned of a $4-8bn hit from Covid and supply chain woes.

The Swiss banking giant said it has taken a hit from the Ukraine war, litigation.

Oil platforms, pipelines, coal power plants and other fossil fuel assets could lose trillions of dollars in the battle against climate change in the coming decades, experts say. The warning was issued in a 3,000-page report by UN experts who said fossil fuel assets must be retired and replaced with...

The latest UEFA study includes the consolidated results of these same 711 clubs for the year 2020, as well as the anticipated financial statements of 95 major teams for the year 2021, particularly marked by games played behind closed doors.

Boeing reported a hefty fourth-quarter loss Wednesday on mounting costs associated with the widebody 787, of which it has suspended deliveries due to quality problems.

Yemen's Houthi rebels were driven out of a key district by the United Arab Emirates-trained Giants Brigade, the militia said Tuesday, a day after the insurgents' latest missile attack on Abu Dhabi.

The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020.