Economy





Delta to buy stake in China Eastern Airlines for $450m

NEW YORK: Delta Air Lines will buy a stake in China Eastern Airlines as the two carriers strengthen their partnership serving the United States and China, the companies announced.



Ryanair Q1 profits rise to $270 million

LONDON: Irish no-frills airline Ryanair said that net profits jumped by almost a quarter in the first three months of its financial year, helped by keen demand and cost-cutting.



Sipchem Q2 net profit drops 55%

JEDDAH: Saudi International Petrochemical Co.



PetroRabigh Q2 net profit nearly triples

JEDDAH: Saudi Arabia's PetroRabigh on Monday said its second-quarter net profit nearly tripled as margins on some of its products improved.



Mouwasat net profit falls 5.6%

DUBAI: Mouwasat Medical Services Co., one of Saudi Arabia's largest listed healthcare firms, on Monday blamed a 5.6 percent fall in second-quarter net profit on losses from a recently opened hospital



Tasnee suffers SR107.7m loss in second quarter

JEDDAH: National Industrialization Co.




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