#loss

Dubai’s Emirates Group cuts annual loss by 83% to $1bn for FY 2021-22

“We expect the group to return to profitability in 2022-23″ – Sheikh Ahmed bin Saeed, Emirates Group chairman

Dubai’s Emirates Group reports $6bn annual loss, records first non-profitable year in over three decades

The group reduced the strength of its total workforce by nearly a third to 75,145 employees

UAE’s flydubai reports loss of $194m for 2020

The carrier reported total annual revenue of Dhs2.8bn ($773m) for 2020

DXB Entertainments posts net loss of Dhs2.7bn for 2020

The company reported revenues of Dhs144m for the year ended December 31, 2020, 71 per cent lower than Dhs491m in 2019

National Bank of Fujairah posts net loss of Dhs475m for 2020

The decline was attributed to a substantial increase in impairment provisions and lower operating profit

sabic

Saudi chemical maker SABIC expects recovery following loss

SABIC generated second-quarter sales of SAR24.62bn, down 29 per cent from the previous year

Renault reports record $8bn loss

Renault shares have fallen 47 per cent this year