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Bahri Bulk joint venture agreement with Koninklijke Bunge B.V.

(Tadawul - 22/02/2017)

The National Shipping Company of Saudi Arabia (Bahri) announces that its subsidiary Bahri Dry Bulk Company (owned 60% by Bahri) (BDB) has signed today 22 Feb 2017 a joint venture agreement with Koninklijke Bunge B.V. (Netherlands Company) (Bunge) (the

Aramex to discuss cash dividend on March 22

(Gulfnews - 21/02/2017)

Logistics firm Aramex said on Monday it plans to discuss the proposed cash dividend at its ordinary general meeting scheduled on March 21. The company earlier reported a 37 per cent rise in net profit to be at Dh426.6 million for 2016. The firm's

Dubai's Gulf Navigation in settlement over Gulf Sheba and Gulf Eyadah

(The National - 20/02/2017)

Gulf Navigation has announced a settlement with a series of creditors over the ill-fated purchase of two oil tankers, with banks stepping in to seize the vessels when the company defaulted on payments. The Dubai-based shipper said that it had reached a

Gulf Navigation results at eight-year high

(The National - 14/02/2017)

Gulf Navigation announced its best annual results for eight years yesterday, thanks to an improvement in spot tanker rates and the reclassification of liabilities. The Dubai-based shipper said that profits for the year rose to Dh136.7 million, compared

Air Arabia delivers strong 2016 net profit of AED 509 million

(Press Release - 09/02/2017)

Air Arabia (PJSC) today announced full-year financial results for 2016 as the Middle East and North Africa's first and largest lowcost carrier continued to deliver healthy growth and strong levels of profitability despite challenging market conditions.