Loss attributed to revaluation of investment properties.

It posted losses to the tune of US$502m during the year 2023.

The chip maker said the profit was boosted by strong sales.

The slashing of jobs follows huge third-quarter losses.

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) extended water transmission pipelines of 64 kilometers lengths in several areas here in 2022 at a cost of around US$97 million (AED 358 million). The pipelines have a diameters of 600, 900 and 1200 mm in different areas across Dubai. The...

The losses, however, narrowed from $141m in Q4 2022.

Total operating income rose 11% in 2022 compared to 2021.

GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by Hurricane Ian and other extreme weather events, reinsurance giant Swiss Re estimated Thursday. Hurricane Ian, the single largest loss-causing event so far this year, caused an estimated insured loss of...

Warning travelers around the world of more price pain, the IATA head and Qatar Airways chief have said that the aviation sector is still battling fallout from the Covid pandemic, high oil prices and conflict fears. The higher fuel prices, according to the IATA chief, is adding to crippling losses...

Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and the third fastest growing brand in the UAE according to the annual report issued by 'Brand Finance'.

The global aviation sector's losses, which rose to around S138 billion in 2020, dropped to nearly $42 billion in 2021. The IATA hopes that making profits this year appeared is within reach for the airlines as people are traveling in greater numbers and freight is doing very well despite economic...

In the first official admission, Saadeh al-Shami said the losses have occurred and the government will try to reduce losses for the people. He said the losses will be distributed among the state, the Banque du Liban, banks and depositors.

London's Heathrow airport announced Wednesday it narrowed annual losses only slightly in 2021 despite the reopening of global air travel, blaming what it said were stricter passenger curbs in Britain compared to the neighboring EU. Heathrow recorded pre-tax losses totaling £1.8 billion ($2.4 billion) last year, it said in a...

On Wall Street, the broad-based S&P 500 had its best December in over a decade, and scored a third straight year of double-digit gains with a 27.1% jump.

Aviation giant Emirates said Thursday it expects business to grow next year despite the surge in global coronavirus cases fueled by the Omicron variant. The Dubai-based carrier said in November it was already on the path to recovery as six-month losses dropped by more than half from a year earlier....

Disagreements over the size of the losses between Lebanon's government, central bank, and banking sector contributed to the collapse last year of negotiations with the fund over a new loan program, which is seen as essential to the country's efforts to emerge from a severe economic slump.

The region’s average real GDP per capita is forecast to increase by only 1.1 percent in 2021 after declining an estimated 5.4 percent in 2020.

Goldman Sachs, the US investment bank, has estimated that the restructuring of Lebanon’s financial system would leave the crisis-prone banks of the country with total losses of up to $65 billion, and might lead to insolvency.

This is a turnaround from H1 2020, when net loss was $1.29m.

Pandemic-induced economic impact on tourism could top $4 trillion Lack of widespread vaccination in developing countries leading to mounting losses Middle East economies could face a GDP loss of up to 3.1 percent from the reduction in tourism due to pandemic while the global economic impact could top $4 trillion,...

*Egypt slashed its initial claim for $900m to $550m *Final deal expected by the middle of next week Egypt has signed a non-disclosure agreement with the Japanese owner of a megaship that blocked the Suez Canal in March as it finalizes a compensation agreement, the canal authority chief said. Egypt...

  Group's dnata ground services at airports reported a loss of US$ 496, down from US$ 168 million profit in the previous year Overall losses amounted to US$ 6.0 billion and Group revenue of US$ 9.7 billion impacted   The Emirates Group on Tuesday announced its first year of loss...

Western conifer seed bug is believed to have reached Turkey from Europe in 2010 before entering Lebanon