Technology

Technology

Lafarge Q2 profits decline on high material costs

Lafarge posted weaker Q2 results of US$1.01 billion, a drop of 16 per cent versus 2010 earnings of US$1.2 billion due to higher raw material costs.

Zain Group first half year profits rise 17 per cent

Zain Group posted a net income of US$506.5mn for the first half of this year, a 17 per cent increase over the same period last year.

S&P revises Tunisia's outlook to negative on increasing uncertanies

Standard & Poors Ratings Services revised the ratings outlook on Tunisia to negative from stable in a new report.

Bahrain telecom sector has a strong 2010

The Telecommunications Regulatory Authority (TRA) released its annual report that showed the telecom industry in Bahrain as a whole saw revenues increase by 6.5 per cent.

Volvo makes record profits in Q2 2011

Volvo Group saw record profits in the second quarter of this year showing further signs of an economic recovery for the worlds second largest truckmaker.