image description
image description
Tell A Friend

FinancialNews


  • 05-09-16

    Gulf listed firms earnings drop by 8pct in H1

    (MENAFN) The earnings of Gulf-listed firms declined by 8 percent in the first half of this year due to low oil prices and a lack of liquidity.

    Furthermore, profits of more than 650 firms reached USD32.8bn in the cited period against USD35.6bn for the same period of last year.

    The GCC groups; Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE together pumped almost 15mn barrels of crude oil.

    Meanwhile, revenues of firms with SMEs capitalization dropped by 38 percent and 22 percent respectively.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved