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Qatari bank Masraf Al Rayan posts 5.4 pc Q2 net profit gain

  REUTERS Masraf Al Rayan, Qatar’s second-largest bank by market value, reported a 5.4 percent increase in second-quarter net profit on Monday, according to Reuters calculations, broadly in line with analysts’ expectations. Net profit for the three months to June 30 was 514 million riyals ($141.2 million) compared to 487.6 million riyals in the same period a year ago, Reuters ...

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Egyptian dairy company Domty to invest $27mn to boost production

  REUTERS Egyptian dairy company Arabian Food Industries Co (Domty) is planning to invest 240 million Egyptian pounds ($27 million) in 2016-17 to fund expansion and increase production capacity, Vice-Chairman Mohamed Damaty told Reuters on Monday. Domty, which raised a combined 1.13 billion pounds in private and public share offerings in March, has two factories in the 6th of October ...

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Colors of Saudi Arabia Forum in December

  Riyadh / TNS The Colors of Saudi Arabia Forum, the largest event in the Kingdom for photography, short films in tourism, culture and heritage to encourage professional and amateur photographers, will witness in its fifth edition this year, greater diversity. Started in 2012, the forum is annually organized under the patronage of the Saudi Commission for Tourism and National Heritage ...

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