DUBAI / Reuters Zain, Kuwait’s biggest telecommunications operator by subscribers, reported a 9 percent year-on-year fall in first-quarter profit on Sunday, extending an earnings slump as foreign exchange losses increased. The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profit of 37 million dinars ($123 million) in the three months to ...

  ABU DHABI / Reuters Indonesia’s governor to the Organization of the Petroleum Exporting Countries said on Monday that oil at $45 a barrel was “not bad” and that there would be no urgency to freeze output if crude remained at that price. Despite failure to reach a deal to curb oil output and support prices at an April 17 ...

  Reuters Commercial Bank of Qatar (CBQ), the Gulf Arab state’s third-largest lender by assets, reported a 36.3 percent fall in net profit attributable to equity holders, below analysts’ forecast. The bank earned a net profit attributable to equity holders of 288.1 million riyals ($79.1 million) in the three months to Mar. 31, it said in a statement. That compares ...