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Saudi retailer Jarir Marketing Q2 profit falls 17 percent

  Reuters Jarir Marketing, one of Saudi Arabia’s largest retailers by market value, missed analysts’ estimates as it posted a 17 percent fall in second-quarter net profit amid a decrease in sales of computers and office supplies. It made a net profit of 128.5 million riyals ($34.3 million) in the three months to June 30, down from 154.9 million riyals ...

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India’s Go Air inks preliminary $7.7bn Airbus jet deal

  AFP Indian low-cost airline Go Air signalled its intention to buy 72 AirbusA320neos worth $7.7 billion at list prices, in a major announcement at the Farnborough airshow. The order, worth the equivalent of 6.9 billion euros, takes Go Air’s total order to 144 of the single-aisle fuel-efficient airplanes, Airbus said in a statement. “The new A320neo provide us the ...

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Qatar Airways extends global ambitions

  Bloomberg Qatar Airways is spreading its global ambitions with plans to buy a stake in Latam Airlines Group SA, securing a partnership with South America’s biggest carrier as it scouts for opportunities to lock down relationships with other airlines. Qatar Airways will buy as much as 10 percent of Santiago, Chile-based Latam for $613 million, the number two Gulf ...

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